Member Info for highlandmatt

Given recent acquisition success, I support PG if he has found an opportunity to acquire a producing, dormant or easily developed asset for a bargain price. An accretive placing is fine by me.

Anything to back this up WITW?

Hmm, SP drifting after a positive interview, some big sells gone through. Snowcap is funded, Mou6 is funded by someone else apparently. What has spooked someone, or have they been margin-called on an oil bet or something?

A very positive interview. Turkey was my thought for the non-EU possibility, based on the Europe/Middle East comment.

Production up, sales prices up, funded wells coming up, happy with divestment prospects. I've had a wee top up.

I recall $100 bucks was mentioned. Might be misremembering though.

Amazon started tiny and loss-making.

Volumes have been low, so they could drop the SP with quite small sells.

Starting to see bigger orders on Nasdaq. Not massive, but thousands of dollars rather than hundreds.

US accreditation is the key that unlocks many doors. I suspect progress in to other areas will speed up from that point.

That's just android.

The first quarter results will be key. If it can be shown that overheads are low and downloads, usage and revenue are increasing, then profitability and valuation will follow. If cash burn on advertising and overheads is high, and downloads poor, then we are in trouble. Temu has 1bn+ downloads, AliExpress, Alibaba and Wish have 500m+, shopify 50m+. WeShop is still on 100k+, so a long way to go.

Wecap has 1.3m shares in Weshop. At $8 that's $10.5m or £8m. With debt of £8, NAV is zero currently. However, potential is good. Weshop at $16 would give NAV of £8m Vs current mcap of £1.3m. $24 gives NAV of £24.

WeShop down 30% but no news. Affected by the US tech bubble?

10%.

The important difference is we are not paying the capex for that work.

9620 / 28 = 343 bopd. I'll take that. All wells decline.

In the rear view mirror. Buried, never to be mentioned again.

The slide continues and WeCap follows. Mcap now £2m with investment worth £13m. Debt £8m, so nearing NAV £5m. So trading at under 50%. However, if WeShop recovers to $20, then NAV becomes £12m, 50% = £6m, three times from here. All eyes on the WeShop first quarter results and download numbers. I'm sure there will be doubts about whether WeShop will make it. The model is good, just whether folk want to use it. Concensus seems to be app works well, but the model is misunderstood or not popular.

'Mixed messages' is a polite way of saying Trump is delusional and devoid of geopolitical expertise. What he wants to happen/ be true, and reality, are very different.

Oops.