Member Info for grsshaw

Understand, but the current value is way undervalued, when you just look at Atom MC and % held by MEN so it’s not as though the value will get too high to then crash on an uncommercial drilling campaign. My main issue is why is PL doing this via Stockmarket, and not just privately, clearly he can afford it! Bigger picture maybe, but if so, how long is the strategy going to last and for how long will us LTH’s stay invested!!!

Looks like the actual spud for the drill will be the only thing to help to move the share price and maybe this is in doubt if any traders/speculators will even get involved with the stated low CoS. It is clear that PL has lost his audience and can’t seem to get anyone to start to listen in, let alone invest any new cash. My end of year review time is fast approaching but on the positive there seems to be many things happening - just not sure if the market trust PL anymore though!

The spread is ridiculous, this needs some volume/interest to get this going!

Can buy now, but price is £1.3353 - something stirring but volume still very low!

Image the SP if the drill chaser come in - trading for Paraguay spud, regardless of any of the other news flow expected!

Looking a little better :-)

I have been topping up here for many reasons

Current Valuation is crazy things on my radar:- Paraguay drill (hopefully spud mid Aug), Argentina production/work over update, Argentina drill update scheduled for Q4 (no farm out and funding from cash flow!), Atom valuation against current MC plus the GHC IPO. Also its the AGM next week...

Plenty going on and Atom seems to be doing okay so far...

Just cant buy any and for some reason I can't put a limit order in so will need to call broker to trade any volume (not ideal)

If some good news is announced I can see this moving very quickly, but current price seems to be on its knees with none of the above build into the SP anyway so predicting limited fall if things are delayed again.

Hopefully it's a no brainer, but I've been wrong before with PPC/MEN!

Good luck to all, the next few months should certainly be at least interesting...

311,911 is a 3% stake. Looks like a mid market transaction and hasn't affected share price in any way. Interesting, to see what is announced re this share transaction!

Https://oilman.substack.com/p/sunday-blog-16-july-2023?utm_source=profile&utm_medium=reader2

MEN is mentioned in this blog and comments re valuation.

Feel MEN will do well when the drill finally spuds and I see a large % of shares are restricted with limited free float shares available - could mean big jumps in the SP with any good news announced. Certainly worth a trade at these levels!

Deferred Shares are not worth anything I'm afraid DRichi,

Not the worst update, but still very frustrating with further delays to Paraguay spudding and not very clear on other areas, particularly the debt reduction amount!

If they IPO Greenhouse (along with the ATOM holding - worth approximately £9m or nearly 70% of the current MEN MC!)

Does this mean that MEN will be valued at £3m following the split with two drills (this year!!) and assets etc..

Current Valuations are not right and haven't been for some time, but in the market I am sure it will change in the near term

I will review end of this year re next steps with my holding...

ATOME Energy (BUY, 192p): 2023 represents a year of delivery in ATOME’s journey as the company builds out its green hydrogen and ammonia strategy. The company’s Phase 1 flagship 120MW Villeta project (Paraguay) is seeing the bulk of activity. We expect the completion of the FEED study to take place this summer, with FID shortly thereafter. Villeta is on track for full production in 2025 of green ammonia for the region’s deep agriculture and fertiliser sectors. Elsewhere, the company’s Icelandic subsidiary has signed a term sheet and LoI for a total initial 60MW. Investors will also be encouraged by the confirmed geographical expansion through a JV in Central America where considerable green energy opportunities exist

https://research.liberum.com/view/4F043CEF-8269-4C54-B2F5-626F8B038CCC?uid=f027186f-65bc-4517-a7c8-40d9255c98e7&jobRef=e3d846b8-85f5-4048-91a4-e76a19f256ba

This drilled has been played down by PL - its as though he doesn't actually want the SP to rise off the back of the spud/drill!

I know it was mentioned a while back that news will be announced in larger less frequent updates rather than drip feeding, but clearly this new tactic is not working, neither did the consolidation. Happy to review at the end of this year, which has been my plan since investing, but it does get very frustrating when there is so much happening, but is met with silence...

More patience required then...

My prediction for today is 12,500 shares bought at £1.35, visible after the bell :-)

Hopefully, there will be an update next week with some good news that will boost the SP and attract some value hunters/traders…

My guess is that all Paraguay/ArgentinaUSA (if not sold) fossil fuel based companies will be spun out into ATON 6. Then MEN will focus on green energy only.

If that happened then how would they value ATON 6 v MEN. Makes total sense to me to separate two business types that in some eyes are conflicting investments…

Time will tell but have a feeling we will get plenty of news flow these next few months…

It’s the very low MC that surprises me and when investors traders look at this I can see a rerate before any spud chaser start to appear - Atom is worth £8m and they are spending $4m on Paraguay - so basically very little value for the rest of the assets. Let alone the GH new business ventures. I am hopeful for some good news in the near term that should at least double the SP from todays price. Hopefully this will be before Spud as well!

Plenty of updates in the next few months - clearly doesn’t need a lot of volume to increase the SP. When will the spud & drilling traders enter the ring I wonder?

Momentum could build quickly here, not too long to find out if all is still on time - plenty of others news to watch out for as well as the spud!

Okay, but I bet you still read it though - over and out!

Good Luck!

https://www.edisongroup.com/research/concentrating-on-organic-business-going-forward/32149/

Rojo, I don't usually post on here due to the, I will call it 'The Gas Lady Effect' but here goes...

Personally when taking a position on a share before buying I look at all the facts in front of me. I buy for what I feel will occur in the future, while also taking a look at past events.

If something fundamentally changes then yes I would sell, but I wouldn't keep looking at past events for impartiality/balances as I would never hold a position in a company who has had a difficult time of it previously and would probably never buy in the first place!

All I hear is that it's happened before so it will happen again. Nobody can predict the future, so we all have the same chances to get this right or wrong from this point.

Yes, there maybe delays but the fundamentals are the important part and it appears good news on every front - just timings to work through. I am happy to wait, I'm in no rush.

As a business owner, if I had all the impartial/balanced views of many opinions I would still be an employee. Risk, doesn't need to be reckless as that would be a little stupid but we can't always look at the past events to predict the future in order to take that position.

Anyway, back under my rock I go. See you on Telegram where the talk is positive and in my opinion, so it should be otherwise I wouldn't be invested.

Good luck to all

Substantial Private Investor :-)

Can see lots of changing going on due to frustration with values.

My guess is that ATON 6 will take all the O & G assets and trade separately and PL can concentrate on building MEN with the new world, new greener energy businesses.

Assuming PL is fed up with O & G assets with now limited interest (certainly in South Americas) MEN are drilling in May in Paraguay and possibly H2 in Argentina, yet still continues to fall - the business can easily pay its interest ($19m profit after interest) but cash trappped in country - this may change end of year at general elections.

Clearly this is very unloved at the moment but I will wait it out and review in Jan 24!

Very strange valuations...

https://twitter.com/MolecularEn/status/1636667586606768128

Hopefully, no further delays...

I see PL has reduced his ATOM holding by another near 2% under Alpha Energies - what’s he up to I wonder, I have a feeling it’s connected to MEN’s 25.2 5 holding of ATOM.

Let’s see what happens!

https://twitter.com/MolecularEn/status/1635227002180608000

This Spud should gain a little but of attention - just hope it isn't delayed