Member Info for Hallowed

"New facility is loan with warrants."
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Normally I don't like sophisticated investors getting warrants at our expense but this is different. Put into context with the new loan facility from ARC and advisory work on possible future NASDAQ listing, these guys want a share of the future upside in SP that is now inevitable....great stuff.

Inverted H&S is a good pattern...got it the wrong way round and it's not even an inverted H&S..apologies, rushed it. I'll shut the door on my way out..

Technicals. - Early to say but we could be on the way to forming an inverse H&S pattern? Drop to around 0.25p again and then rise back up to around 0.37p-0.4p - say around 15.9....normally this would not be a good sign for the SP.

Having said that, the broad 'cup and handle' didn't work out and so let's hope we don't get the H&S formation either...otherwise the derampers will be proven correct.

Many new posters writing so much and yet so little...some (painfully) prolific ones like Marik should even come with a warning.

The SP response is what it is but looking to H2 2021/H1 2022 we finally have some guidance to work from sensibly without making silly SP predictions like '1p by Sep'. (Savvy and Peak - you might have to reign in your over-exuberance after all).

Looking at average revenue guidance of £4.5m (H2 2021) + £4.5m deferred (recognised say H1 2022), let's say in total £10m (at top end of range) over a consecutive 12 month period.

£9m - £10m in 12 months is no small feat for a start-up Fintech play!!

Many Tech companies find it difficult to get growth and so have to expand service lines to their existing customers but SYME is a different animal and eventually the SP will reflect this.

If we (realistically) value SYME at 10 x revenue, the current MC of £100m should be supported but arguably even under-valued:

- Excludes 'self-funding' revenues and other revenue streams (ICC, Sharia etc) AND the deferred revenues (H1 2022) exclude new IM revenues + TF advisory fees. These are big unknowns as far as the market is concerned.
- It's not unusual to value such companies on average as high as 25 x revenue!

Short-term SP always tricky...0.25p-0.4p range? This is a volatile stock but Sept could still bring major news flows to break SP out of this range.

Much to play for still and we can finally start to assess the business and MC realistically. GLA.

“ It is pointless entering into a direct debate with certain anti-CEG commentators”
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SC is creating division by encouraging others to report ‘anti-CEG’ comments - people have different views (notwithstanding disingenuous posters) and many posters here have seen through the games that get played at their expense…mostly via dilutive financing arrangements. CEG is a prime example.

SC’s postings are detailed+repetitive….just as repetitive as the postings from upset PIs who’ve ended up with large losses. (Steep learning curve all part of the process to learn to trade).

The facts presented by RNS’s are self-evident. The single big question moving forward is financing - will there be another round of placing shares/dilution, or will CEG finally find a farm-in partner (or perhaps a combination of the two).

Given the management’s history to date, a major placing seems more probably hence the current SP.

Personally expecting a funding partner…CEG generates revenues + Bahamas licences have been deliberately put on hold IMO (and someone else could reap those benefits, as the world still needs oil as it transitions).

We continue the wait as nothing much left to discuss.

Typo…12p not ‘12pm’

“..exercise of existing warrants, the entering of joint venture arrangements or further direct equity funding..”.
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‘Exercising warrants at 12pm’….doesn’t seem likely to happen PRE-drill. The current SP tells you that.
JV - possible but perhaps JV partner prefers to see what gets discovered, if anything, on first drill and so it leaves:
‘Placing’ option…. Why not let the dumb PIs fund it.

So perhaps wait and see see how this actually gets funded and then take a punt.. each to their own of course.

Holly, you have every right to open a short position in SYME. I’m all for it, as it’s all part of the game. May I pls ask what platform you used to open up the short? Thanks in advance.

"I'm not suggesting 'nefarious' , just a curious ignorance or incompetence as to how things happen in the financial world, where AZ is billed as a financially savvy , regulatory and compliance whizz-kid."
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AZ owns a major interest in a start-up company with a MC of £100m+ quoted on the main market....pretty savvy I'd say.

The start-up takes time and we're about to see the last 12 months finally being reflected in the SP...if you didn't buy any shares at 0.25p, hopefully bought some in the 0.3's. GL.

...meant 30.7.20 (not 30.7.21).

"That was a separate 17.98% or 5.9 billion SYME shares that went walkabout under another pledged shares for finance deal"
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In principal it's the same "pledging of shares" by an SPV precisely created for this purpose as explained by AZ in Proactive interview 30.7.21 as a form of 'off-balance sheet' financing for SYME eg some investors may want a guarantee for the first securitisation notes.

Basically these 'pledges' (on a 'walkabout' as you put it or otherwise) serve as a 'sophisticated' vehicle for financing SYME operations and now bond issuance...ultimately all these 'mechanisms' have been used to get us to this stage where we finally should see the benefits in the form of initial IM numbers.

So I think you are barking up the wrong tree to indicate any nefarious activities by SYME.

"The charge document at 1AF2 UK only specifies approx 8.4bn shares or 24% of SYME"
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I note the original pledging of these SYME shares held by 1AF2 was first disclosed to SYME in 29.7.20 RNS and soon afterwards the SP soared. So therefore I would not read too much into these pledges...It would appear the rise back then was engineered (only one RNS released re 'MOU for first pilot MENA region') and subsequently SP dropped back down again but this time any rise should be sustained based on proper catalysts which we await with baited breath.

Have a great w/e all.

The contracts are not bad news, the company will of course continue to operate but this is quite separate from making money as a PI buying it’s shares…The most important catalyst was dilutive financing and so this ‘bargain’ price will be available for many more weeks. …but it was not difficult to foresee.

Most PIs get the timing of entry and exit points wrong and become LTHs (guaranteed way of losing capital but such is the nature of the game).

"the last year of progress should have us over a 1p today even before news. Good news, lots of good news to come, should lift us into the multiples of 1 penny as the growth potential is revealed."
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We all want SP to re-rate from 0.3p levels but the above is the sort of ramping we could do without.

Let's see first what news we get in terms of cold numbers which could well disappoint the market even though in absolute terms they might be fine.

TF was a small business, hence it's relatively low MC compared to SYME which has done well to maintain it's own MC of around £100m mark which is mostly due to the tightly held shares (as only about 25% is free float).

So in order to get a proper re-rate within the next month we need better that expected numbers at this stage.

What does the market expect? We have the first S40m (£29m) Fund secured for IM purposes by TF which is a good start but still far away from the £1 billion or so of funding required for other revenue streams by SYME.

I feel many PIs have unrealistic expectations on IM numbers at this stage and so the eventual SP could end up being much lower. Let's see if SP first breaks key resistance levels at 0.5p, 0.6p and 0.7p before shouting about 1p+ end of Sept 2021.

To break 1p at this stage, the news flows would have to be unexpected (outside of what we know) to generate the necessary volumes which have been average.

SC, fair enough, you might be going by the RNS’s but you like to put a positive spin on things/ramp the stock up…whereas the downside has always been obvious - massive dilution. The only thing that can help recover some of the losses in the ST will be a farm in of the Bahamas licences… Care to guess how much lower the SP could go…no, you only talked about how high it could go.

"ps: there was never a prediction of 4000boed by year end. It was a multi-saffron peak production figure. I believe the aim is 1500 boed by year end."
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Would you care to show where you've mentioned this before..you 'believe' 1500...hmm, I really hope people didn't throw good money after bad to try and average down. It's always one of the golden mistakes that PI make (sadly).

Well....there's been long anticipation for news that re-rates the SP and every time SYME has disappointed on this front but we all know why. This time it should be different as the building blocks are in place to start generating some revenue/profits. So yeah, it is exciting to be in this start-up. GL.

Volumes very low today.....nevertheless I notice in technical charts, there is a broad 'cup and handle' pattern, which indicates a target price of 0.5p (which is a resistance level as well).

Anyway, notwithstanding charts, relevant catalysts are needed if the SP is going to re-rate after 12 months of being range bound.

Have a good w/e all!

Last time Q&A published more than a month after the AGM. Whilst informative, it had no effect on SP and so expect the same again. Much rather they release their Trading Update next week to begin a sustained upward trajectory in the SP, as 0.31p is testing even for the most ardent of holders.could even move into 0.2's on lack of volume - my original prediction might yet turn out to be true - LOL)

AGM 2020 resolutions were passed with only 1.5b shares (out of 34.2b issued) v 10.4b (out of 32.7b) at 2019 AGM. Whatever happened to the 9b shares? 'Loaned out' to play games with the SP?

If SP closes below 0.32-0.33p, down she goes to 0.2p’s. The previous prediction I made was wrong when we soared into the 0.4p’s that day. Quite happy to get this wrong again but if not ready to pick up some more. Come September time I can see the SP easily breaking old resistance levels of 0.5p, 0.6p etc.

This is a volatile, money-making stock.

Peakhope, was your over-exuberance a little premature after all?

Still a while to go…Tough game this. GLA!