Member Info for Jim800

Sorry - should have read 25% had been spent before we got it - read the settlement RNS.

Relying on random settlements for working capital is not normal cashflow management 😀😀

That wasn’t from the placing, had been spent before we got it and is a one off.

Simms, meanwhile back at reality let's take a look at EQT reported figures as of Sep 24 for 2024 H1.

In Sep 24 they received £1.1Mn from the placing (not the £2.5Mn you keep citing). This is bullet 7 of financial highlights!

They did also have an earlier capital raise of £0.85Mn earlier in the period (bullet 5).

Revenue for the 6 months was 1.45Mn euros - note the currency change to confuse things.

However, they lost 3.19 Mn euros the same period - including 1.55 Mn euros just on debt repayment! Some of this was non-recurring but they don't say how much.

So, assuming similar revenues and expenditure for 2nd half of 2024 (no evidence to suggest anything different) then once again their cashflow is screwed pretty quickly.

Unless of course you don't work on the information provided by EQT in their RNS releases and prefer the magic money tree / blind optimism approach to company valuations.

Who’d have thought 2 years ago @ sub 180 that our biggest problem in early 2025 would be working out when to sell?

Nice problem to have 😀

It is so plain and simple - but like yourself. We don’t need your psycho analysis, I’m just pointing out that Simms has been saying for years “cashflow sorted” “projects landing” “ it’ll be fine next Q” “wait til Northfork pays up” etc etc and has been consistently wrong.

It’s not a comment on the company (though I believe the BoD are incompetent) it’s him!!!

Of course you like him - he’s the only person in the world with the same deranged view as you!

Except he’s worse and continually trying to mislead people.

If anyone wants to understand how competent Malcy is then go back and read his 10 years of recommending Genel. He started when they were at £14 and continues now they are at 60p and down 24% in the last year.

He’s a buffoon who just pastes RNS words into his blog. Best avoided!

Can the rise continue indeed? If only we knew.

What news might cause selling?

Simms, just a shame that everyone else who holds or might consider buying a share in EQT disagrees with you. But I’m sure you’re correct and the rest of the collective investment world are wrong. You’ll soon own all the shares yourself.

Further from “all good” not really possible.

Now look what you’ve done selling up!

AI would have changed it to “on the bus”

Amazed and pleased that more holders aren’t selling into this rise!

Even pre covid holders are in profit now. Must be quite rare for so many shareholders to be in the blue and hanging on for more.

Results will drive decisions perhaps or maybe pre xd selling.

Ducks lining up.

Will IOCs take their one opportunity of being in a decent bargaining position and now push for a quicker payment of monies owing and a better payment plan for exports. Payment at delivery to KRG end of pipeline would be nice.

I know KRG never had the cashflow to do that but SOMO have.

Prophet - what have they actually achieved with their “quite a lot?”

AIKPUR and DNO are doing all the local comms.

They’ve being trying and failing to make an acquisition for about 5 years with no success.

They’re flogging oil locally at discount prices - hardly tricky.

Not trolling the share just pointing out that the BoD don’t do much - not even answer investors questions at an update.

“Best not to imagine on something this important .”

Yet you continue to imagine on report, share price and potential takeover on a daily basis.

Do you even read how stupid and futile your posts are?

I don’t want a dividend til exports recommence. I want the BoD to earn their salary.

If all their bids fail then perhaps they aren’t offering enough!

Saying “it’ll take as long as it takes” re Somalialand not a very professional response.

What do they do all day??

Not very positive though!

Maintaining strong balance seems way more important than dividends, acquisitions and new production.

There’s a delicate risk balance with E&P companies and it looks like Genel are taking the sit and wait, no risk at all approach to:

- pipeline

- Morocco and Somalialand assets

- acquisitions

Also no explanation of why we owe KRG 50 million as well as the potential 36 million for arbitration costs.

Yawn..

I’ve read the news - I was interested in the Genel BoD view.

Is there any other sort of Genel shareholder than a patient one???

I’m snowboarding so missed this but guess as there are no positive comments and share price has fallen it was the normal bland waste of time with no answers.

Ah the joys of filtering - miss all the nonsense of those two children.

They contradicted themselves as well as each other!