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Ronald
Https://youtu.be/vo_9xMvoSEQ?si=6l9uYTy_KEk7NsuN
Saw the presentation which was postponed but heard nothing more via a RNS
Good Q&A questions which
I felt were not elaborated on enough
This is what I took from it
No dividends or buybacks anytime soon
Focus is on repaying debt that will take upto 5 years
Current Net cash is being used to pay for coal liabilities
Mutual funds are used as a buffer to manage cash flow and working capital when required
No interest in selling current assets
Would be interested in M&A but then how would they fund it ?
More debt I guess
Worth investing for this alone, we know the big E&P players want this deal.
Its Malaysian portfolio, Kertang, is located north-west of the prolific Central Luconia hydrocarbon province.
In February 2023, Longboat entered Malaysia through the award of a Production Sharing Contract for Block 2A, offshore Sarawak. Block 2A covers approx. 12,000km2 and is located in water depths of between 100-1,400 metres where a number of large prospects across multiple plays have been identified, with significant volume potential representing multiple trillions of cubic feet of gas.
if you are a lth , then a sympathise with you , especially if you bought 2022 previous
the company’s performsnce has been **** go put it mildly , and directors have not earned their salaries before the japex deal .with this deal it is superb position to now growth .
can the bod deliver ?, would hope so with expertise around .
if it can get close to the prioduction levels mentioned then it can more than justify the current mkt cap and share price .
i have been buying and it is currently liquid on both sides , so demand and supply is there
the risk reward at £10m is very very compelling and this could easily double or triple on potential deals
since i have been following these for while , the last rns was allowed an opportunity to buy sub 18p again which i though i had missed for good
good luck everyone
To put out a presentation via another source to be shown on YouTube is really a total disregard for shareholders here , particularly as the Co RNS’d it had been postponed .
I can see why ppl have been selling now, I can concur with what Bismark has said earlier