Member Info for Ilovesushi

I did suggest the day other shareholders would not pay 20 pence. Now look. 18 pence. When others wanted 18 pence they all could get it.

Without a farm in the well is moat certainly likely be plugged and abandoned. The company no funds to go it alone and without further development the whole play is non-commercial. SELL

Reading between the mines, the aggregate indicative support for the Planned Fundraise from directors and institutional shareholders is now only £24 million at an issue price of 20 pence per Ordinary Share. Trouble is we have as of yet not got the full support for such a raise and the issue price may be lower or we do not raise the required amount, possibly leading to broken banking covenants. Ignore what we stated in the past on asset sales..

I think those larger investors that have not already agreed to support a placing may hold back and want a lower price.

Why buy in a placing for 20 pence when they can get lower in the market?

Going Higher

Going crazy now. MM is short of shares

Company is now forced to make an announcement with this rise

Could double triple bag on deal and and again if p140 works.

The company could not hide the fact that for the production to reach monetisation it needs to develop the field. This requires more money (placings and dilution) and a farm in by a larger player than itself.

Negative news wrapped up in subtle niceties. SELL

This was a bad RNS. Yes it was wrapped up nicely to look good.

The Dilution Problem: The Armchair Trader noted that the results confirmed dilution from shallower aquifers. Instead of tapping into a pure, high-pressure helium pocket, they are pumping massive amounts of water that have mixed with the helium, lowering the Gas-to-Water Ratio (GWR).

Low Gas-to-Water Ratio (GWR): An average GWR of 0.06 m³/m³ is at the lower end of expectations. Low ratios mean you have to process vastly more fluid to extract the same amount of helium, which significantly increases Capital Expenditure (CAPEX) and Operating Expenses (OPEX).

Logistical Nightmare: Handling 250,000 barrels of water in just 20 days is a major industrial undertaking. For a small explorer, the cost of water disposal and management at full production could swallow the profit margins. SELL

Should take the share price back above £1.00. The company has the cash.

I have never seen remote access. Not seen anything in regards to trading apart from the last reported in December. Not a big following here on the posts. I am positive on the company and their large market share.

I expect more positivity.

50% upside at least. Limited downside now.

Going back up…

Perhaps worth as much as 22 pence? Got to be a screaming buy at this price?

15p - 22p fair value

Share price should not be here..

Looks like it could bounce from here…

“The Board believes that the successful implementation of the Capital Reorganisation will provide the Company with the ability to raise such additional funds, which may include the issuance of new Ordinary Shares for cash”.

That is what these companies do. They are often forced to consolidate as they are not allowed to issue shares below nominal value. And guess what? They can now issue more shares. Keep this constant issuing of shares and they will have another consolidation at some point. How many will that be then? And how much a discounted placing is to come? AVOID. More placings and worst comes to worse its another rinse and repeat. After a while shareholders refuse to give a company authority to issue shares. That time will come like all rinse and repeats.

Double whammy. Problems with the management with who are now suspended and with little cash the company is NOT a going concern. Drop of 50% makes it very hard to get a fundraise away as any funder had no chance to forward sell as usually done with such outfits. Looks cheap but its going lower. If it cannot get a fundraise away its and its administration. This is a cesspit. SELL