Member Info for JPP88

The content of the email said something along the lines of ...

Confident of GOI approval in 4 weeks, regulators are working throughout the election period, and Ashish is in Delhi trying to push the approval as quickly as possible.

All the info is in the SYN Telegram group

Personally have been updated by Roland and I'm happy to be holding here. Great communication from a CEO, quite rare to see.

If anyone fancies a 5 minute watch this morning, I've just stumbled across a video on YouTube detailing the plans for commercialisation of the Cambay field.

The video is nearly 4 years old now, showing just how long these projects take to come to fruition. The SP back then was almost identical to where we sit now... Yet was as high as .32 only a year on, in April 2021.

Now we wait for the final piece of the jigsaw, GOI approval, before work can begin. Patience required for any LTHs, but as a new investor I can't see too much downside buying at these levels with a transformational 6 months ahead of us.

https://youtu.be/AAYOJhftNLk?feature=shared

This is being pumped by the usual suspects.

Buy at your peril

2.8b shares in issue now.

Values the company at £3.5m at 0.13p a share

Needs to fall back... Under placing price would put the mcap at the cash balance in the bank... Which is all it's worth currently

Lazy, lazy, lazy. That article is 2 years old..

Lovely broker report from Panmure with a .93p target. Onwards and upwards from here.

Didn't respond to my question I see, Mr Carrot

Carrot .. just one thing I can't work out with you...

Youre so negative about everything you say regarding SYN.. Yet have said (countlessly) that you have a buy price set for when the price drops.. I think you said it's currently 0.07?

So clearly you're looking for an entry point here.. but why, if the company is so awful.

Is the truth that you see the long term value here and that you're just spending a decent amount of your own time on this BB just trying to force your way in at a lower price point?

Financial Position

The net assets of the Group totalled A$11,533,529 at 31 December 2023 (30 June 2023: A$10,337,516).

As at 31 December 2023, the Company had:

· Available cash resources of A$1,789,410;

· Borrowings (excluding derivative liability component of convertible notes) of A$1,108,873 (refer to Note 13);

· Derivative liabilities (from convertible notes) of A$151,560 (refer to Note 14); and

· Issued capital of 10,497,336,158 fully paid ordinary shares and 463,564,923 unlisted options.

It'll be the novum warrants you mong

Given we haven't seen HUGE volume, I would suspect that shorts have been closed. We may see some large delayed buys, but I doubt it.

That we've actually held the rise into close.

Bodes well.

Yesterday's RNS wasn't fantastic, clearly..

But to lose 50% of your mcap? Not a chance. Bounce coming.

A lot of noise here... Bottom line is that you're getting the share for a 20% discount Vs the placing in February.

Once the dust settles this will do well from this level.

That's a nice update

Convertible loan repaid, £400k financed on an unsecured basis, and no equity fundraise coming.

Excellent, and thank you Roland. Genuinely putting the shareholders first.

Pretty sure Roland says "a matter of weeks away"

But then later does say work would begin immediately after GOI approval, later adding that things work will commence in summer

So some uncertainty for sure. GOI approval sounds likely in the next 3 months but could be much sooner.

But naughty of the MMs between 3.30 and 4.30 on Friday. I thought there job was to create a fair market to trade on? Looks like they just destroyed the spread to deter traders entering or exiting in that last hour.

Anyway, I am one of the lucky (or unlucky) ones to have bought on Thursday afternoon at .30p

As others have said, I just don't think we see an immediate suspension here. The previous RNS alluded to a cash runway til the end of March, meaning theoretically we have another 4 weeks until the lights off.

But then the wording of the RNS was odd. Cash reserves to last until the end of March, but will need funding/buyout before the end of February.

I suppose it's prudent to give yourself a months grace in these kind of situations... I just don't see a Monday morning 7am suspension RNS.

More likely (in my eyes) is a confirmation that further funding or takeover offer have not been completed, but discussions are advancing.

Either that or we get a mega RNS that sees the SP increased by many multiples. Wishful thinking, but you just never know.

In the last few days we've had Amati and Mole Valley sell 4% of the company back to the market, and Dean Stevens buy nearly 6%. Dean bought those shares at around .50p over the course of 11 separate transactions - clearly a very focused effort and likely represents a £40k investment. Since he bought those shares, the SP has only really moved north pretty consistently - I can say with some certainly that I don't think he's resold those shares back to the market and still holds.

Dean is a wealth manager and has connections to St James Place. What does he know that we do not? I'm fairly sure he will have friends in all the right places....

Dirty MMs. Normality resumes.