Member Info for gordon1237

Off course I would agree that raising gets harder and harder as the mcap decreases.

Wolfman. I thought you were saying he had said publicly there would be no more raises.

Also, I would assume he thought that on the previous raise which was only in November. We know how that turned out.

Roland has been a serial raiser without any other influences. The number of shares has trebled under his nearly 4 years at the helm.

Anyway let's hope this really was the last time.

Wolfman. Don't think Roland has said no more raises. Of course we all desperately hope that is the case and I am sure he does too. We have to hope that finally this time the money lasts until a decent income starts coming in.

Carrot. Don't just make stuff up. There are no warrants at a ridiculous 0.01.

Not been on here for quite a while Pegasus. Think his last alias was Novumboy. A few years ago he claimed he had almost enough shares for a TR1, which would have been a few hundred million, was ramping the cr*p out of it, then a few weeks later said he was out because it was rubbish. Lol.

Of course, with the subsequent dilution that 0.9 would be more like 0.6 now. Wonder if the new brokers will dare a prediction ?

DP. A couple of points. When Panmure Gordon made their forecast og 1.5 p and then downgradef it to 0.9 p I was amazed anyone took it seriously. They were an in house broker anf those are not exactly renowned for giving unbiased predictions.

Don't bite the hand that feeds you, and all that.

Also, it wasn't a question of failing to attract government subsidies for CCS. They never applied for any subsidies as Roland insisted it should be a stand alone merchant scheme independent of subsidy.

After all that's all we've got. Pessimistic old b*gger that I am it's hard to see why it's dropped quite so much. Down 40% this month alone after yet more dilution of around 16%. OK the first two workovers turned out to br pretty much duds but the workovers were always pretty much irrelevant in the bigger picture. Only ever intended to tide us over until the new wells hopefully start producing at the target flow rates. They failed to do that but maybe the subsequent ones will improve cashflow and together with the raise cash will get us over the line. As always there is no way of knowing how successful the new wells will be but nothing has changed in that respect. The current drop in sp just seems overdone. Trying to convince myself but have decided to keep hoping for the sake of my own sanity. Lol.

Yes Callum. I was there long before then. That spike to the 0.4's enabled me to get out with a modest profit. Wish I'd left it at that.

Thanks Callum but I don't see anything there that we didn't already know. Everything us still dependent on the new vertical and horizontal wells hitting their flow rate targets.

Callum, really, really hope you are right and it does finally come good but it's certainly no certainty.

Obviously it's impossible to call a bottom or top.

Never tried to do that, just averaged down in the hope of getting my money back. Could have done that last year but at that time it felt like it was all coming together. Stupid to believe what we were being told I guess. Gla.

Ssccss. I wish it was but no. Previously I had 20 million at an average of 0.134, doubling at 0.05 gave me 40 million at an average of 0.092.

Callum. I bet you thought it was a bargain when it was double the current price or even four times. I did when I doubled my holding in the last couple of months from 20 million to 40 million at an average of around 0.05. Now feel like a total mug.

Rns 20th November. Roland and other directors exercised nil cost options.

Roland were around 140 million shares.

" Synergia Energy Ltd (Synergia Energy or the Company) refers to its announcement on 4 April 2023 and 30 October 2024, regarding issuing unlisted nil-cost options (NCOs) in the Company to the Company's three eligible executives (individually a Participant and collectively the Participants) in accordance with the Company's short-term incentive plan and recommendations by the Company's Remuneration Committee."

Awarded via an incentive scheme for doing such a brilliant job. Lol.

Won't hurt that much Crusty. The only ones he's bought are those in today's rns which have cost him about two months salary.

Well, Roland had a nice holiday in India.

Well done Roland. Trebled the number of shares in less than 4 years. Quite something to put on your CV.

Today

" Net proceeds from the Fundraising will be used to bridge the Company's ongoing general, administrative and technical costs prior to an expected increase in revenues from its 50% working interest in the producing Cambay gas and condensate field".

November 5th.

" The capital raise will act as a bridge to the expected increased cashflow from the Cambay PSC, and the targeted farm out of the CCS Project."

Rinse and repeat.

Ever been had ?

0.0312 to buy.