Member Info for JPP8788

This whole "what more can we do but wait" rhetoric is valid, but it's getting leggy. There really are no excuses now.

We need ministerial sign off in the next 7-10 days or I suspect people will start to lose faith.

The planned "Q2 drill" was pushed back to "June/July" in Rolands most recent Comms. Id have thought we'd need sign off in the next week or so to be able to keep that on track.

Looks like Modi has won the election on a landslide according to the exit polls. Quite what that means for us is anyone's guess.

Thanks for the link, admin.

That's 17 seconds of my life you owe me.

Fantastic video.

There's "fair market value" and then there's being diluted 4:1 - you literally own nearly 5x less of the company. 1p strike price is bad enough... Issuing 700m + shares is absolutely criminal.

Wth are you talking about 😑

Sorry typo, 1st May

The transaction sizes have been better since the 1st June when the minimum quote sizee were increased

can you tell me which rns said approval would be in weeks not months? pretty sure you're talking out of your ****.

The most recent Panmure Gordon broker report predicts the pending GOI approval and work plan will create an increase in revenue to £60.4m AUD AND a PBT of £39.7m AUD in FY2025

Synergia reported interim results yesterday, with revenues of A$353k (1H23 A$691k) and a narrowing of the net loss to A$(2.07m) (1H23 A$(3.67m)). Net cash of A$680k at December. Production dipped in the period as the re-frac of the C77H well at Cambay had issues with liquid loading, although a resolution has been identified. December production averaged 0.1mmcfd and 4bpd of condensate. We feel the results are largely irrelevant, following the recent given the post period end farm-out of a 50% WI in the Cambay field to Selan. This will see cash payments to Synergia in the near term, and a carry through a number of development wells and workovers over the next 18 months. This should see a marked increase in net production and the additional FCF will allow Synergia and partner Wintershall to move forward on the Camelot CCS project in the UK – this is one of the key CCS projects in the UK, and CCS is the only way that the UK has any chance of meeting current net zero targets. Activity in the coming year should provide newsflow that will provide opportunities to re-rate the shares. We have updated our forecasts to reflect interim results and we maintain our TP of 0.93p and reiterate our BUY recommendation.

Just printed.

We are likely to have an RNS confirming GOI approval in the coming 2-3 weeks. Not that long in the grand scheme of things - I'm sure many holders here including myself have held this for a lot, LOT longer.

Not much longer to wait, but everyone has their own plan I guess.

Nothing in there we didn't already know. This 64 page document was already noted ok this forum a few weeks ago. Too many debts and not enough money from the proceeds of sale, shareholders will see zilch.

Lazy journalism from Share Talk - the tweet says "why has #SYN share price acted more positively" - crucially missing out a "not"

Offloading? Lol

We've had two buys in the first hour of the day, and yesterday afternoon was a sea of blue also.

Retail offers closes on the 9th

So plenty of time for SP recovery.

I suspect the MMs would see an absolute ton of buys at 35p with the retail offer being 45p and the institutional placing fully subscribed for 45p.

I would imagine well see closer to 42-44p today.

A very decent post and you deserve some credit for your honesty and transparency.

Hopefully things turn around for you here.

1.25p looks a cheap placing, but as always with this things, sentiment is shot.

No, 3 days ago. Calm down.

Jesus people get so angry nowadays.

Idiots everywhere.

They have placed 7.2m shares of the alloted 11.3m

I would presume most, if not all of the remaining 4m will be through the retail offer tomorrow.

Placing completed at 45p for £3.25m

Looks good news to me. Expect SP to follow suit.