Member Info for GordonGecko123

There was some heavy buying today throughout the day AT trades and 250k blocks so there are many who see plenty of value at these levels . I expect another strong day tomorrow comparatively speaking ofc . Mkt cap 23m is far too low the falls were overdone but now it's upto the bod to put the work in the try and salvage some decent value .

For me they should sell the non gas assets anyway but now that may be to late as an option . They need a cash injection rapidly

I think there is some value here at these levels ,don't get me wrong I bought 500k yesterday . Anyone with an average north of 10p though is in trouble ..how close they get to that will depend how quick they move and how well they can manage their way out of this position . Problem is a lot is in the hands of other players now so they need to be asking difficult questions very soon and they might not like the answers and numbers that get mentioned but have to take them . They are Inna weak position and they need to realise that otherwise could risk losing the lot .

Might see 2.5-3p tomorrow and then need an update from the bod on their plans / options imo

Sorry your very deluded if you don't see a cash issue looking here very soon indeed . Given the timescales involved char have 6 months to find and execute a way out of this mess .

Let's hope the bod are not sat on their hands they need to be talking about slashing costs immediately and preserving cash . From there see how much time they have and either sell some assets . Which will depend on who's interested and at what price and which they have time to do .

When in that position the risk is any potential buyer pulls out leaving them screwed

ENOG are in a very advantageous positions it's possibly a quick injection of funds ,knowing the field and data room etc and already involved and could give char a number to consider . No doubt a low ball one but may open up talks .

They could announce potential sale of certain assets if they know of someone interested but again would have to slash the price . They have to work on several scenarios now and either approach the likes of ENOG , make an announcement showing intentions and get a move on . I expect an update later this week tbh . Cash is now the boss for char and they don't have a great deal of it especially at the rate they spend it .

Sale process can take over a year for the none gas assets so that isn't looking particularly favourable as an option .

To me it's a case of they need to sit down with ENOG and see if they are willing to buy more or all of it for a reasonable amount .

For me you can forget char being heavily involved or benefitting from achois its more a case of what will they be left with and how much cash to move on with .

Agree archois is still viable not disputing that but wether char can or will be part of it is very much open to debate now . This is the char thread hence why we are also talking about their future in the prospect .

Surety . From this position a lot less than the company and investors would hope . It would not be lost on any potential buyer that char would be a distressed seller and need cash .

Personally I wouldn't expect much from the other non oil/gas assets although it would be nice if they mustered a reasonable sum . It's also a slow process which char don't have time to go through imo .

ENOG's next move will determine what options char have available but they can't be sat waiting before making plans that's for sure

If you look back they tend to raise 1 or two times a year ,that option isn't really available without wiping out shareholders completely with dillution given how bad the equity markets are for raising cash at present .

They can't get a loan as loss making and no revenue so they are quite constrained . You can't expect to just continue as normal from here tour missing out too many overriding issues

Interesting calcs but your forgetting a few things . Firstly the don't have enough cash to wait for it to develop and so funding is a major issue trying to hang on for enog to make progress. That for me is the biggest issue from here with regard to them continuing with achois and other developments .

If you factor that in their options become massively less attractive . For me they will either sell it and move on to other assets and cut their cloth accordingly or have to dillute heavily to stay in the game massively reducing the profits and share price accordingly . It isn't as simple as your making out by a long way . Hopefully they are discussing options but doing nothing isn't one of them at this point .

I think it's worth more than it is currently valued at but it's hard to say and depends on which approach ENOS decide they want to take .

Not worth the paper they are written on tbh . Anyone quoting them is desperately ramping tbh what was their target previously and how did that work out !!!!?

It will recover to some degree but the bod need to be very active and consider their options quickly .

Disagree they haven't got months to decide they need to decide a lot faster as they will need to take steps to preserve cash otherwise . The bod need to act fast and see what options are available quickly . Tomorrow will see the recovery continue upto around 3p imo then it will need news on what's going on to get much past that imo

Expect an attempt at 2p today I reckon . So long as it closes near the highs will point to a good start tomorrow and another jump towards 2.5p pretty quickly . Traders and shooters getting cleared out today ,mms happy picking up cheap shares to sell on higher imo .

Good points . Their hand is now considerably weaker but may be the only option to sell the stake to enog and focus on other averages even if the price isn't what they hoped . They could do with an alternative buyer to stop enog milking it . If they can slash costs so they don't need to raise to continue and wait it out that would help their case somewhat .

They need to issue a statement soon after the capitulation of the SP which is overdone giver drills 1 and 2

Think from here tour expecting a lot . Might get back to the 3-3.5p region of the bod act and calm investors down with an update on finances etc and cutting costs . Was a disaster waiting to happen this imo and now it has it's all down to can they recover and not need more cash

If only people would listen to the negative posts they would do far better .. this was coming after the first news for anyone that' knows Morocco . Fall looks overdone though now

Bojo

Totally it's a gamble either way at this point ,we will just have to see which way it goes . I have other options if I miss out and agl hit revenue or come up with some news .

There are two arguments as I see it ,people who are focused on the science and those that are focused on the business side of it . The contrast is huge when you look at them separately .

Countless review papers,studies and the start of some deals with big name clients . Co trast that to an sp near it's all time lows .

I've never doubted the science ,parsortix obviously works but it is a new market and still trying to gain traction and that has led to a lot of fund raises over the years . There have been changes of direction and delays,missed targets and a lot of news that was promised that didn't materialise . There was in talks with 20 plus companies that soon shrank due to lack of money for smaller customers,push back of ovarian and prostate sample testing etc .

That has all meant the SP has suffered so whilst the science works the. Numbers haven't resulting in cost cutting and raises etc

As I say it's a gamble on what events happen next and their impact on the SP. The chart looks pretty grim ATM so I'm happier being out for now . We should find out in a fortnight which way it goes .

I would expect more than 3p given the huge market opportunity with the NHS it presents . Then there iarenother markets around the world . That's why I think this will get bought out especially when FDA approval is received

Obviously your not upto speed then and jumped in to early imo . There is a good chance the next results will show a revenue miss again ,this will likely see a big drop in the SP 30-40% maybe and then there is the possibility of another fund raise being needed to get the accounts signed off either this time or next . So 2 possible events that could see this go lower from here . Yes there is good potential for deals although the CEO has said one maybe 2 more deals this year .

Just because it looks cheap doesn't mean it's the bottom .

So after all the experts saying it was an ii selling that caused the drop why is it still falling ?

Could it be a placing is coming perhaps . Why would an ii sell out at a big loss when they had chances to sell much higher ?

Answers on a postcard ,see you at 2p placing imo

Simple facts are that not many see them achieving 6.6m in revenue in 2024 and the lack of news is helping to confirm that view.

If they miss revenues by quite a lot it will impact their funds and need to raise again to get accounts signed off more than likely so there is little to be positive about atm . The SP will crash on the revenue miss if that happens later this month possibly and it's becoming a self fulfilling prophecy .

It will take a monumental rns with some big numbers to change this and that seems unlikely even if possible to happen in time .

Ignore emerald he's deluded and trying to remain positive in the light of a lot of red flags .

Just to add there is little point releasing good news before a heavily discounted placimg as any gains will be more than undone . Sorry seem very amateurish , 4 months isn't a lot of time to raise proceeds at all . Bye

Like I said horse to water . Don't come crying when it gets announced is all I will say to you . There were plenty of others like you on those boards too that didn't listen and it cost them .

As I have learnt ,some are beyond help so I'll leave it upto you to decide