Member Info for JohnHenry

A virtual loss what they could have made if they hadnt hedged.
However Hedge was needed to obtain the loan.

Buyers returning selling around 1.3p drying up.

Cross trade fireblade so there was a 100k seller

Penstock the SP drop has got SFA to do with the CFO but all to do with no NS trains arriving at BENS CREEK for nearly 6 weeks.

No NS trains= loss making.

*shouldnt be

Riflemans if you get wary of delays then you should be invested in the O&G sector. 99% of the time there's delays.

Why would a delay help sort the funding out ?? They dont want equity dilution.

Has surely lost the Plot.

If you read the previous RNS they had hoped to start clean up mid March which was dependent on securing the coiled tubing. So that was just a target not a definite one. They have now secured the coiled tubing for late March, great news.

Scot126 The SP is largely where it is due to Funding concerns.

Convertible Bond is unsecured

If you listen 2 a interview Jay done on Proactive last year he talked about a possible 3 well campaign at Alkaid in the summer of 2023 but was unfunded. Obviously recent events may have changed this.
However they are gonna need funding.

As at the 28th December 2022 they had $16.6M with the Alkaid overruns i would say they are into single digit millions and running low on cash.

Scot126 big problem at present is sentiment and funding.
Hopefully a farmout can be concluded however if not a deeply discounted fund raise. Let say 15-20p in these markets.

Nothing regarding production has been released as an RNS. Any official news regarding problems with train deliveries will knock the SP. MMs will slam it down, probably a LT buying opp.

https://www.youtube.com/watch?v=vLJbrJU7F3E

im guessing you havent listened 2.

Run along Louis and listen to the recent presentations you'll have your answer.

sold @ 18.6p