Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
See you there ??
I'm not trying to be inflammatory, very happy to have my thoughts picked apart, the Co attributed no great material value to Accustem within the Tils valuation please correct me if I'm wrong, it was RNSd as such at the early stages of demerger. Hived off with 1m cash post Tils recent fundraise. Some say it will sell before IPO, figures up to $240m mooted on here based on some tenuous comparatives. That's a big IF but admittedly possible how would any of us really know. Assuming that does not happen as I feel is more likely, it's going to need lots more cash to commercialise. Hence I guess if the IPO happens it will involve a fundraise, otherwise it will just look like the last turkey in the shop, up for grabs. Thing is lots of folks on here were talking about receiving FREE Accustem shares. If you didn't bail out at 1.80 they don't look very free now. Thing is, it's as if the value of Tils now is dependant on the perceived value of Accustem and not its pipeline drug candidates.
I did bail without Acc entitlement, no idea if clever or a fool but now mopping up at these levels and however low it goes. Its madness what has unfolded here.
You are not wrong. The o&g stuff has/had to go but despite NT saying no fire sale, it was always going to be. Peeps were obvs not put off by the 7m loss and I've no real idea what the fallout from the remaining assets will be but go they must. HD have you bravely carried all your holding into this CBD adventure? I chopped load at 30 never thought I'd get my brass back, did cartwheels, left a few to ride in ZOE
... Month and a bit to wait. Tell you all you need to know about what direction this is going. Guess they'll stall the East Denver giveaway write down to year end. DTU write down, who knows, we're only on our third deal amendment (prob the best tbh).
For clarity, CEZ are a majority partner, not a majority shareholder in EMH. They might have less than 3% of course but it's probably zero.
Is that the Malcy that said if AMER held 30p it will take off and never look back. It did hold 30p, then tanked. I hope he continues to never hear of HNR.
He picks 10 oil stocks and basks in the glory when 1 crawls into +ve territory. Paid freeloader.
About to say the same, are we mixing up recovery rate with purity......
Not sure if this is common knowledge. There is no heading link on the site as far as I can see.
www.highlandsnr.com/water
Colorado Shale header still refers to West Denver as a project in development?
It's just Redleaf rebranded. No change
Significant shareholders...... and Renegade not listed, because below 3%? Guess they still hold?
for YE 2017, ref is to the £1.5m raise on listing as N4......
The net proceeds of the Placing and subsequent warrant exercises ensure that the Group will be funded throughout 2018 and well into 2019.
We don't know if the above statement assumed an inevitable re-run of the PCT. If not, I can't see the cost of this alone putting us in immediate raise territory. Anyone have an educated guess on cost?
Hi MrPickyNose, like your handle by the way.
Few things to iron out in your scenario, the headline initial production rates are not a constant. These are fracked shale wells, there will be a decline rate to apply, guessing at 10% +/- per month, they settle at lower rates for longer. When production drops to 100 bopd probably time for a refrack. If only we had the best team and tech for refracking...... Oh......we do!
The real scenario here is to keep adding and adding production beyond 8 wells. Eventually new wells take over while older wells are refracked. So it's a bit more dynamic and fluid than your scenario. This is why any West Denver deal and any carry % will be very interesting.
You've got all weekend to pump this into a spreadsheet!!
Have a good one
...and that's the point. It was more important at that very moment to get the cash to drive projects forward, regardless of the likely manipulation of the share price.
RP will have known the possible/probable outcome and why he will not comment.
I don't personally hold any grudge. I can see the bigger picture and the future is exiting.
IMO the share appears tainted to new PI's, perceived as a share that perpetually falls on the slightest gain and that is the greatest shame.
I'm envious of anyone who takes a new stake here now, having missed the last 2years rollercoaster ride.
I'm a fan of the "little of a lot" approach and impatiently waiting for West Denver to kick off!
Interesting news about BP acquisition from BHP.
Good weekend, again😊
Agree, but I also believe the mystery and secrecy helps to fuel the paranoia.
I think the efforts to enable future distributions will be pivotal in changing this from a manipulated share. I don't see it ending in the short term.
Good weekend
At some time before, from memory, March 2020, in 21 months approx, and assuming all positive in the meantime, Mr P will need to exercise 23.75m warrants for a cost of ~ £1.2m. He could probably just stump up the cash..... or he could be in the process of selling down 5-6m founder shares to cover the cost. Any holder notification prob not required until the transaction is comp!ete. Or, as appears to be possible though defying logic, forward selling a similar number of warrants to cover the remaining 18m. Leaving him with 30m. Enough for anyone at £10 ps.
Just a thought.
End of conspiracy theories.
To me, it is as clear as day that our mystery investor, person or entity, is running some kind of private shorting exercise here. It cannot be a coincidence that the continual downward pressure started within weeks of that transaction last Nov.
I'm also certain that Mr Price new that this could well be a scenario that might happen. There were no questions answered about the SP performance. I asked one, can't believe no one else did.
There's no way a "sophisticated" investor buys £3.3m to see it drift to £2m 6months later. He,they are making margin money for fun. Applying just enough pressure at the right time to start a snowball. Sellers with an outlook like Fredr or Jacky50 take care of the rest. Preying on misery. If you only see the hole and not the doughnut, you will feed this greedy bar steward set of manipulators.
Feel free to tear me a new one... I may be wide of the mark. All the above might be illegal/impossible.
...but there are for sure dark arts at play.
Yesterday, the top three volume trades totalled over 500k shares. As far as I know, individual volumes that a PI on a standard trading platform would not get a quote.
I'm here for the big gains, 1,2,3 years time.
Links are in the 4th July RNS notice of results and shareholder call ...
.....and whoever else is researching..... the trick you need to pick up on is that although there are a lot of things going on here, the current strategy of the BOD is to develop the assets on a NON-DILUTIVE basis. Of course, over the last 2years+, it has had various fund raises to get to the relatively de-risked position it is in now.
The company are aware that trading in the shares has been "technical in nature"for some time now. Last November, an un-named "sophisticated investor" took over 11m new shares for a £3.3m. I believe by some dark art method this has been used to suppress the SP. Probably as a hedge. However there have been no declared shorts above 0.5%.
So, lots of stuff going on and IMO the SP bears no relation to income, activity, risk or potential. It does now seem that the brakes may be coming off and an organic re-rate on the cards. For me, the guy running the show has 12m shares. I'm certain he doesn't want to see £1 ps, he wants £10, £20 and I think he'll get there.
GLA
72square miles is not a square 72x72 miles.
It is root 72, about 8.45 x 8.45 miles
I too see that in the HL screen. says for results to 31/3/2018. 0.5p. ??