Member Info for K3VMC

Chaogeo

“ What ever happened to “Divi are safe” eh?”

Where have you made up that quote from?

Wise person.

Nothing wrong with a 7.9% yield.

I can also see higher oil prices in the pipeline, so plenty of scope to increase the dividends down the road.

Typical market overreaction.

Coggy, are you posting on the right board? I bought at 10.95p.

Average of 17p, which I expect to hold well after August, when the new benches are prepped, HWM is back, scratching away and met coal price starts rising with the demand that will undoubtedly increase in the interim.

Doesn’t stop me buying at 10.95p for a trade.

I remember selling Obtala years ago, then regretting it as the sp continued to rise.

I’ve been watching the sp action for a few weeks, but without doing DD on the company. I bought this morning in the back of the subscription. Debt sorted and no chance of the shares being flipped!!

Thought I should read through the RNSs and increasingly thought, looks a lot like Obtala, then found out why!

Very happy now, that I sold out when I did and got back in today. Pure fluke!

“ The purpose of the Company's cancellation of its share premium account is to create further distributable reserves in the Company to facilitate the future payment of dividends (in cash or otherwise) to Shareholders, where justified by the profits of the Company, or to allow the redemption or buy-back of the Company's shares (or other distributions to Shareholders).”

They can’t distribute more than £6m at present.

When the £51m gets transferred, I3E can distribute £57m. It would be lively if they did, but there is NO point in trundling down to a court, pay lawyers and fees, if they were NOT going to increase dividends.

I’m currently on a 10% yield. As other trades are sold off, I’m going to reinvest here and eventually just sit back, relax and enjoy the dividends.

Well, sub 2p is nonsense. I’m not touching my COPL holding, but couldn’t resist a quick trade.

Weekend in France paid for.

ROB1967

“ K3VMC, rather a loan than issue more shares.”

Yes Rob, absolutely. I should have posted that! Avani wants to avoid dilution, just like the rest of us!

Stuff happens. Nobody was injured, damage was assessed and is being addressed and the funds raised will allow BEN to prepare benches in advance of HWM81. Those benches had to be prepared at some point or other, but will be ready to restart production.

Hopefully, the met coal price will keep edging up in the interim.

Steven49

“ 15.1% per annum wow, difficult pick any positive out that RNS, VOID”

Please allow me to assist.

It allows BEN to keep mining, while production is reduced and the price of met coal is recovering, and to buy kit to prepare benches for when the 81 is repaired and returned to production.

Their largest shareholder has been proactive in supporting the company and has charged them $1m for the loan. This is business. Nothing is for free.

Phoenix1234

Nobody cares.

Phoenix1234

“ You posted as if they were the real figures ,only to be advised it was a guesstimate.so who is telling shaggy dog story. ”

I gave figures for average production in JUNE. We haven’t finished June yet. Anyone thinking these were ACTUAL production figures, should not be investing real money.

Not that I am accusing you of that. Far from it. :-))

“ Oh great we are now guessing yet posting figs as if fact,fgs”

I was prepared to give your shaggy dog story the benefit of the doubt.

Now we see your true colours.

Have a great day! :-))

Production went up by 160boed on one well work over that came on stream during May.

Two more work overs started producing by the end of May, so I added on 2 x 160boed to the end April figure.

May be more produced, perhaps less. My estimate. If you have a better one, I’m happy to listen.

1170 boed in April

1330 boed in May (+1 well work over)

1550 boed in June (+2 well work overs) ??

Spread is 3.125-3.2 for 200k trade.

Low volume and much less selling today.

3 x 200k gets my average down to 7p.

Rob1967

Sorry Rob. My communications skills are worse than usual today. I was telling Pen that the guy who went behind Pen’s back, asking someone else to”Sort Pen out” was a bit stressed.

Everybody has off days, but the same old accusations of Pen “trashing the share price” keep being slung at him. My view is that if AW promises something and doesn’t pull it off, he should update us. Say a HMW is supposed to arrive and be working. If AW just comes out with an update, nobody can complain. Stuff happens and plans just don’t work out sometimes. Shareholders aren’t babies to be mollified. They just want SOME transparency, like the HMW is bust, but it’ll be fixed Monday week.

It just happens that they didn’t and Pen found out the truth and passed it on. Not a big deal, in my book, but others can’t seem to let it go.

Bakerboy83

“ Also, from reading the RNS, these are shown as indirect voting rights - so I don't think any shares have exchanged hands. ”

For indirect, I read CFDs.

Did you shut down the TG?

There were some argumentative elements, I admit. No need to ask anyone to sort anyone out.

He’s probably just stressed.