Member Info for Isthisawinner

As mentioned before, there is so much to be positive about here...

The asset alone was purchased on the cheap due to the poor market conditions because of Covid.
Since them, oil has doubled in value and still seems to have further to go
We have hedged some of our sales for the next 3 years, which derisks the company greatly
Our production has more than doubled since the start of gas injection
The recent well drilled has shown oil in six zones, testing being done as we speak which may show good results
The infrastructure is modern and the field is new.
We have a distressed partner which we may acquire at a discount

WHAT'S NOT TO LIKE !!!!

Agree, it is big news, we just need some figures on how the rollout of its new technology is coming alone, it will take time but we should get some European feedback in the coming months. Nice to hear of renewing of licences, must be gaining traction in the US..gla

CUDA, are they been forced to sell and if so, are we the obvious choice being that we are their partner and major shareholder of their Wyoming asset.
Would another company buy this particular asset from Cuda knowing that they would have little or no say in how the asset is managed ?.
Cuda are carrying a debt of over $60 million and some of this debt is carrying a interest rate of up to 19% pa.
They have recently sold an asset in Alberta for $2.67 million, but this will go nowhere to service their debts and cover their ongoing liabilities.
My guess is Tallinn (Cuda's creditors) are in decisions with Copl's backers to work a deal, I thinking the deal will involve a substantial cash payment now and a final payment later on.
Let's face it though, Tallinn are not in a great position to be calling any shots, they have vast sums tied up in Cuda and we hold most of the cards.
The below paragraph from Cuda's website makes an interesting read.

However, Tallinn and the Company have agreed to engage a sales advisor by August 9, 2021 to pursue a sales process, including the opening of an online data room by August 27, 2021. Additionally, the Company shall execute one or more non-binding letters of intent by September 30, 2021 and a binding offer to purchase by October 31, 2021. As previously communicated, further rationalization of assets and/or funding through share issuances, private placements, restructuring of existing or new credit facilities, non-core property sales, increased production from core properties combined with improvements in realized oil and gas prices received and/or a combination of these alternatives will be required to continue as a going concern.

Just my take on things....gla

Trying to encourage the weak to offload....

Well, looks like they ain't sure about us yet, going to take news to move this.

Will be interesting to see if there is an increase in the volume from 2.30, might mean the yanks are coming onboard...gla

To see if the sp holds today, could be the start of a turnaround..gla

But not for the economy, which is Lloyds's bread and butter.

Art's definition of a liquid stock....

Ps...my .48 comment is a bit of a ramp considering the placing price but could be achieved if they get it right in China....gla

Starting production before Christmas, sound like they are confident of securing their licence agreements, 2022 could be a good year for MSYS.....and about time.
Time to revisit the placing sp of .48....gla

Production in China of the MS hospital diagnostic monitoring equipment is expected to commence before the end of this year to support the Chinese Distributor through local production and service support, which are pre-requisites to securing a medical license.

7.5 buy gone through, fuse lit, hopefully a re-rate on the cards.

Hopefully a good sign, might see a bit more when the states wake up..gla

Do people think we will make an offer for Cuda soon, if ever or just wait and see first how their finances effect them going forward, a lot of their debt is carrying some very high premiums..gla

I see someone takes a different view as they just offloaded 350k...lol, each to their own...gla

Sounds very positive and Iqai seem to be making good headway in their rollout in the Us and hopefully Europe soon, following their recent patent approval....early days yet, but we could be on someone's shopping list if our technology starts showing positive results and gaining acceptance in the sector..gla

At last, Kibo are making some headway and hopefully this will result in pumping some life into our sp...gla

Sounds very positive..gla

Another step up the ladder..gla

All nice, but we need a game changing Rns to kick start this sp and attract some real attention.