Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
No Landicamans - I must give him credit when due. His projections are undeniably spot on .
No fundamentaks; analysis; reviews; RNS reports or almist anything suggests why a company projected turnover in multi multi millions should have a market cap of just a few £M.
It’s got to be some kind of scam and personally I’d like to get to the bottom of Whiteknights outrageous rants - he is being tipped off or is part of the scam.
Don’t keep blocking him; try to get his id somehow
It now really getting ridiculous
I think it would a huge boost if he were to come on a visual interview on any programme. Investirs are always able to find web links .
The crucial thing is that any decent host will get responses to our most basic concerns. That being : why has it taken so much longer than indicated around the start of the year - and we’re still not finally there.
You do get the feeling that if Larry were confident, he’d be on our screens
Just for the record, this is the email I received in my query to clarify something at 3.37 pm day before RNS this week. :-
Hi Hasan,
Thanks for this.
The original message sent at 10:04am read:
The rod pump is installed, and the well clean-up is ongoing. As previously advised in the RNS dated 13 November, the Company expects to provide a further update on the reservoir clean-up operation after establishing a stabilised and sustained flowrate from the rod pump.
Best regards,
Barry“
Yes, in the words of Toyah Wilcox it bludy IS a mystery.
I know you’d got narked off by him and filtered him as many did. But several times in response to “ it’s a duster” I did ask him to justify why, and I also specifically asked if he had insider knowledge in making such seemingly outlandish predictions.
The day before RNS yesterday ((Wednesday 13 th), I had actually phoned the company and got through to the person who had sent me an email replying to my questions. In this reply, it said clean up is continuing. But a fellow investor on the LSE chat forum had received a reply stating “clean up continues, no issues” These extra two words “no issues” to me was very crucial.
So by phone on Wednesday I asked for clarity by phone and Beacon told me the two extra words “ no issues” should NOT be there. This was confirmed to me by email on Wednesday as well.
To cut a long story short, it raises questions about trust again.
My second point is that it’s not just in the last day will the company have known about the stable flow - the SP being hammered last few days not just yesterday.
Frankly, I think it’s only because a growing number of us put pressure on the company that we even got a response yesterday. I know that I myself was fairly colourful in my phone conversation. Anyways.
My second point is : Ehy do we have to wait until the last week of January before they try to increase clean up and production - that’s nearly six more weeks away ! :-
“ · The Company is fully funded to undertake the planned well stimulation in an operation that will take approximately 1 week and which has an estimated cost of less than ?500,000.”
Even with this very low rate of current production we should bring in another £100,000 min. Just saying
it is a very good point you make about whitenight because to be fair, his sp prediction has come through.
i was never one to put him on ignore or even to just generally berate him. but i did frequently question his rationality but all he ever said is that @ it’s gonna be a duster” in a conspiracy theory way.
i’d also hinted in tge oast that he may well have done insider knowledge. it ******* appears so now
Thanks Sheephatch for that enlightening background information.
For laymen like me however, we feel we have no option but to be guided by the people at tge front - the company. And they’ve put a figure on both the timescale in boosting production; as well as costs to be incurred in doing that.
You know, I’d been thinking and thinking about how the company could yet again snatch defeat from tge jaws of victory at the last minute again.
I’m still not sure how they’ve done it.
On the of it we’re still on track to get 900bpd oil and over 7m barrels oil reserves.
But it’s a trust factor now
Luckily, as a lth I can afford to just hold tight but my deepest thoughts fir any of you suffering badly today
The reply was in response to my email which ( including my usual typos) was :-
“
Hi
Myself and my son are joint shareholders in your company in different tranches including via Hargreaves Lansdown as well as actual share certificates ( initially held by brokers Clear Capital Markets). We hold literally millions of shares altogether.
As you’re aware the company AGM is being held later this month on 21st December and we’ve received firms to complete regards resolutions. I am thinking of attending in person but would obviously prefer dealing by post.
The question is this :- WHY would we decide to allow over 6 billion shares (some 50% of current total)? My initial thought would’ve been to reject the proposal and encourage vast number of other retail investors to do the same. This is because on the face of it it just seems even further dilution of shareholder value ?
The second point of anguish is the seeming silence on information updates. We have already been badly let down by the failure in hitting oil at Buffalo last year. But we were delighted when Karry Bittomley took the help and started work on the German onshore fields. The only problem is we initially thought we’d be seeing commercial oil production in summer but now it’s nearly tge end if year. Global crude oil duty g that time fluctuates and instead if approaching $100 pb it’s now about $75.
Si again, simple question - where are we ? Any more delays- what’s the delays. The information seems to have become silenced.
At tge end if tge day we are shareholders and have an extremely huge interest in progress here.
Regards
Mr xxxxx
Professional : I think it’s worth my posting the full text of the email reply I had received :-
“
Thank you for your email, which we are responding to in our capacity as IR/PR for Beacon Energy.
On your first question, the Company have sought such authority for the last 3 years so it is consistent with previous AGM/EGMs, they have no current intention of using it but it provides flexibility and a competitive advantage as Beacon look at new opportunities or funding options for Erfelden.
On the SCHB-2 (2.) well, the rod pump is installed, and the well clean-up is ongoing. As previously advised in the RNS dated 13 November, the Company expects to provide a further update on the reservoir clean-up operation after establishing a stabilised and sustained flowrate from the rod pump.
Best regards,
Barry
Like almost everyone else on here I have no idea what’s happening.
The volume as at 1pm is approx 450million shares equivalent to about nearly £0.5M - quite a lot by any measure and suggests much more than private independent investors.
Tge fact that the SP heading south sharply yesterday was imo reason for the company to update us formerly but so far they haven’t.
I myself sent them an email yesterday and that was BEFORE todays big fall yet again.
I’d say they now must update us urgently about the abnormal sp movements.
This is what I wrote to them yesterday :-
“ My thanks for your reply here dated 9th December, 2023.
I must admit it gave me a sense of reassurance and I actually communicated this to many fellow investors on shares chat forums. Many of course were very anxious about seeming lack of progress in any production of oil being evidenced - no matter how low any flow rate may be whilst reservoir clean up is still being worked on.
Clearly, the share price has continued on a sharp downwards trajectory and it seems no end to the loss of our shares value on paper.
We really need an update regards oil output good or bad ! In my view just the rapid fall in share price even merits a formal clarification by regulatory news service.
I along with others am trying to remain calm but not finding it easy at all. I had ALREADY suffered catastrophically in the past following the “duster” at Buffalo last year, My confidence in reinvesting was because of tge various communications which seemed to imply commercial oil production in summer but now we’re near the end of the year.
Would it be possible to talk to Mr Larry Bottomley or even yourself ?
Regards
Clearly there was some heavy transactions early part of the day although it does seem to have subsided a little now. The direction of share price cannot be disputed and is surprising in the absence of any hard news.
My own guess is still that some large holder is short on cash and is therefore selling - in big institutional terms, it’s not really big money.
But I have in fact written to the company to highlight the sudden and sharp share price movements. Let’s see any reply which I’m confident in receiving.
I’m still very happy to be a holder here.