Member Info for Jammysparrow

I agree, people were saying before the RNS that unless it was nailed on discovery then it would be used to drop the share price. But it was clear from the previous RNS that they couldn't sample the area they wanted to.

Lorna and the team are being pragmatic as ever. Iron roughneck already being mobilised and they knew they had an issue with it a couple of weeks back now so could already be waiting to clear customs. I think this is going to be another case of underpromise and overdeliver on the repairs timeline. That has been typical of their style when they are in control of a situation, just keep getting stuffed by the rig.

I guess that was my point. People are attacking the lack of gas samples and the ppm but the basement was way further down than they anticipated. It's migrating but maybe not at concentrations expected in higher levels. Lorna keeps saying the deeper you go the better the shows especially around faults.

So the helium is still there and hopefully Itumbula shows that then back to Tai to finish the drill there.

Share price will rebound if Itumbula is successful before a raise is needed. Investor presentation allowed additional funds for working capital and licencing so may have a bit of additional cash runway to play with.

I'm happy to wait it out

I get that the share price has taken a hit because there was no free gas sampled and there may be a fundraise before we get anything more concrete (bashers/rampers, no-one actually knows how much cash is left or how much is needed to fix the rig and drill Itumbula)

But a lot of people on here are talking as though there's suddenly no helium in Rukwa. So a genuine question for anyone with a better understanding of the geology:

They had to drill 400m deeper than they expected to hit the basement, helium shows increased as they got further down and they increased near faults. Does that mean that the helium is just not migrating into Karoo as they expected and therefore trapped in the basement? Lorna seems excited about reaching the basement but it was less of a prospect than Karoo in the last CPR according to my untrained eye and now she wants to drill near a fault.

If it were unable to migrate into Karoo as expect does that mean less helium overall or just concentrated somewhere else? I can't believe there are seeps at 10% with no helium accessible. But then they thought Tai was a better propect than Itumbula.

Any genuine new thoughts on this welcome

Nice, not seen that before Hy. Looks good

Cheers

I know this is a common FUD line on these BBs but I'm more inclined to be guided by Bosch who have almost 25 years working with Weichai and just signed a new strategic cooperation agreement with them. Why would Bosch be risking their IP? Or maybe they have done their own Due Diligence and concluded that this isn't a risky partnership.

Don't think its a rehashing of an old story. Caroline Hargrove did an interview on Proactive Investors earlier:

https://www.youtube.com/watch?v=kHfwt9rt3-E

And its on the media section of the Ceres website:

https://www.ceres.tech/news/ceres-green-hydrogen-programme-hits-key-milestone/

I guess it's just giving an update to reassure that we're still on track to deliver to Shell this year. Not worth its own RNS.

Hopefully they'll give a trading update shortly including this and something more concrete on the Weichai collaboration after the Bosch news the other day.

They've done the rounds of the conferences this year too - was kind of hoping something might come out of those by way of new collaborations . By my reckoning they've been at 27 events to date this year with another 3 in the pipeline.

Come on guys, let's be fair to Ade.

If he sold £500k at 15p and bought back at 10p it would cost him £333k giving him a profit of £167k.

I assume the other £833k came from his investment of the £500k long in WeWork

Agreed, we could see it wobble around this area for a while but come September I think we have a run of good news awaiting which should see this significantly increase in value:

Interest Rates

Bailey has continued to be hawkish in his commentary but there are more voices warning of the risks of BoE going too far with rate rises and two dovish members of the committee already so I think there will be a moderation of rate rises esp in light of last inflation data. I see two further 25bp rises followed by a pause.

Inflation

Next set of inflation data should see a nice drop as the impact of the energy price cap finally unwinds (albeit too late for the next BoE interest rate decision). Should see further falls YoY in motor fuel, food and restaurant prices too. I'm going to go out on a limb and say inflation will be less than 6.5%, maybe even closer to 6%. Domestic electric and gas should contribution around 1% reduction alone. Further moderate falls going into autumn I think.

Sales/EBITDA/turnaround plan

If Asos follows the sales trend then they should show a good increase in turnover for Q4. If they meet their cost controls as they have indicated this should translate into a decent positive EBITDA in the final trading update and validation of their plans. With confirmation of positive EBITDA and FCF, including a boost from the likes of the sample sale site and any revenue from previously written down stock this should derisk re the debts and start analysts looking forward again rather than focusing on the past mistakes.

Clearly Ashley has a view on this hence his recent put options.

Table 2 even, section 4

Table 4 in this:

https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/june2023

Probably muted because the online clothing Month on Month was negative but that followed an exceptional May and is still 11% up on this time last year so still in an uptrend overall.

Also interesting to look at the value vs volume graph on the ONS release - volumes pretty flat overall but value of sales steadily increasing month on month. More profit as long as we can keep the input costs down.

Last of the trackers pulling out before the deadline today I reckon.

This will be heading back up on Monday

It's got a way to go up before it would confirm the pattern but the price and volume over the last couple of months looks good for it if it can back to the 500s

Agreed, I wouldn't be surprised if some had held off selling some of ASOS on the hope of a good trading update and are now forced to sell into the rise. Clever boys.

Cumulative - made up of accumulated parts.

I would suggest it simply refers to this being a number of fuel cells which make up the whole module

https://www.stack3d.com/2023/03/myprotein-and-icelands-protein-pizza.html

In the shops on 28 March

Nice

It's an abbreviation for the department - they have Op, FCT & EnSol by the looks of things. Presumably Operations, Engineering Solutions and Fuel Cell Technology?
Quite a coincidence though yes

And they have an event taking place on 28th with a slot on Driver and Occupant Monitoring

https://events.bizzabo.com/Tomorrows_Innovation/agenda/speakers/1554536

Ha, this guy is hilarious. His tactic seems to be to insult everyone on LinkedIn and then tell them he can help. What a genius!

Lse always seems to publish random spreads on smaller stocks before trading. Don't know if its something to do with trades going through after the uncrossing trade. I've never figured it out but it doesn't seem to have much impact when trading commences

It reminds me of the hudsucker proxy. Just without the hula hoop.