Member Info for JPP8788

They've got 3 months to complete the raise... No danger of it not happening off the back of a positive trading update.

Looks generally positive with a few key highlights.. increased lending and demand through the pilot scheme, net cash improvement, roughly half the equity needed raised.

Quite a simple equation, this.

Either they find the funding required and you'll likely see 6/7p immediately, or they don't and you lose your whole investment.

At 2.75p and an mcap of £14m I think the risk/reward is balanced in rewards favour.

I'm in - let's see what Thursday brings.

68m mcap for a profitable business.

Clearly today's RNS isn't positive but I'm confident that is is way overdone... I suspect 70p would be more like fair value.

The below taken from Serious' November 2022 Investor Update.

Looks like this court case has been ongoing for 6 years! Settlement finally reached and Satu Mare now 100% owned - an active oil producer!

....

The Company Directors believe that the Company has a 100% deemed interest due to the defaulted partner, who holds a
40% interest in the Satu Mare concession, declined to participate in future exploration or development phases under the
concession and as such has not contributed their share of expenditures to the joint venture. The Company therefore issued
a notice of default to the partner in December 2016, under the terms of the joint operating agreement and under such terms
the Company has given notice to the defaulted partner to transfer its interest to Serinus.

https://serinusenergy.com/romania/#:~:text=The%20Satu%20Mare%20Concession%20(729%2C000,in%20the%20Eastern%20Pannonian%20Basin.

I'm in at placing price.

Hasn't been a great ride here so far - but getting shares ar a material discount with no immediate danger of further solution presents an opportunity here IMHO

Buya around the 40-44p range are absolutely safe as houses. Have a look at the trading range between the last 6 days of Jan. The trading update strongly inferred that a placing was coming, hence the SP reaction. It then recovered to the 60s from a bullish AGM (which can still be watched on YT)

Today we have the placing confirmed, but nothing else has changed.

I'd expect a fairly rapid recovery next week to the mid 50s and beyond - any further press coverage will only hasten that.

"Scotgold Resources has conditionally raised gross proceeds of £2.5m through an offering of 6,250,000 shares at a price of 40p per share, representing approximately 9.48% of the enlarged share capital.

Following the accelerated book-build announced on 9 February, seven of the company's directors of - and a significant shareholder - participated in the subscription for a total of 1,435,000 shares with a total value of £574,000.

Shore Capital acted as sole bookrunner to the company which operates Scotland's only gold and silver mine, near Tyndrum.

As part of the capital raise, Scotgold launched a separate retail offer of up to 1,250,000 new ordinary shares on the BookBuild Platform to raise up to a further £500,000."

£2,500,000 raised,

Roughly 1/20th of mcap?

A 500k capital raise drops the SP to placing price? Madness. Company looks well placed to kick on from here.

Buy and hold - looks like 40p is the bottom.

Suggests no more selling - super positive for tomorrow....

RNS BELOW

Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, announces that it has today been advised by MBU Capital Group Limited ("MBU"), the Company's largest shareholder, that, following demand from institutional investors, it has today sold 22,222,222 ordinary shares in the Company ("Ordinary Shares") at a price of 18p per ordinary share, equivalent to 5.92% of the existing issued share capital of the Company, to diversify the shareholder base of the Company.



Post disposal, MBU will continue to hold 190,579,479 Ordinary Shares representing 50.80% of the ordinary issued share capital of the Company

Massive upside from here.

Large sells dropped the SP to some absolute bargain levels

Expect to see 22/23 pretty quickly once the cheap shares have been hoovered up.

I'm in at just a tad under 20

What's happening here then?

90% down in a year, all time share price low today... Can't see any reason for the drop today?

That said, looks like the company is going to struggle to survive - a historically loss-making company is unlikely to turn things around in the current economic climate.

At some point over the coming few days I expect a 10-15% correction.

Almost every trade in the last 60 min has been a buy based on the SP. 111.9 is the current ask, showing on LSE as a sell.

Looks like our institutional sellers are still in play.

Once they're gone, I would expect to return to some sort of normality (130p ish)

Still an opportunity to get in here around the 140 mark

POLY now level with its share price one month ago, POG not far off either, but catching up quickly.

JRS still 60% down from 1 month ago.

Fantastic result so far here from the lows. JRS the next to follow.

Absolute joke that it climbed to 150 then dropped off into close around 135.

That's an absolute bargain price in my eyes.

Poly and POG both closed well.. 135 will be gone early doors tomorrow if JRS doesn't gap up.

Purely based on a binary comparison between POG and POLY, JRS is lagging behind in both the 6m and the YTD charts by a good 5%

Based on the increased volume, and the fact that JRS appears on the LSE leaderboard (thus increasing exposure to the masses) I would say 145-150 is currently fair value, with peace talks & ceasefire being the obvious catalysts for a move much much higher.

Looks like a pretty straight forward 2x from here as a LTH, and a simple 10% trade over the next few days at worst.

BUY

I don't see any downside here.

Director buys just over a week ago. Decent daily volume. 150p (2x from here) is fair value.

Buy for me.