Member Info for Kheldar

Without a doubt there has been a concerted effort to fleece the existing PI shareholders.

At first glance this looks to be headed for administration but then why are bondholders converting the debt owed to them into shares?

In my opinion one of two things is going to happen: a) finances are going to be resolved within the next month and the company will start producing oil but this time making a profit. Or b) buy out at a price higher than it is today

Both sceanarios the bondholders will profit the most

Atb to all shareholders

Hi all, first time in this board. Really sorry to see so many PIs completely shafted here. I have bought 1m shares , a punt really after reading some of the messages here.

I’ve bought because I can’t understand Why a bondholder taker shares if the company is going into administration. Wouldn’t he/she be better off holding out and then get their money once it is in administration.

Imo i think this will survive but it all depends on the dilution.

In my opinion keeping the share price down helps lanstead as they have to pay Orr based on the average price for the month. They would have sold at a lower average so would actually lose money if they allowed the price to go up.

Watch the price will miraculously rise come start of the month. I’ve said it before and I will say it again this is Ggp in the making.

Atb to all shareholders

Let me get this right if the company says they will pay a dividend then we should invest but if a company is paying a dividend and gives you great results we should sell because they didn’t predict the lottery numbers for next quarter. Yep, makes sense.

@beancounting - is paying the dividend and strong results not comfort enough? Fitch rating of BBB. What’s not to like.

The price reflects the fact there is no confidence in this BoD to successfully drill a deep.

I am hoping in the next rns they can announce they have signed an international drilling company to bring a deep well into production on a success basis.

I still think they have not tested block 8 as they are still waiting for approval. If they test before approval then what’s stopping Kuat from changing his mind if it’s successful and likewise if it is unsuccessful surely the BoD would have to pull out of the contract as they need to look out for the interests of the shareholders. That’s why I think they are waiting for approval.

.. by Iraqi parliament to elect a speaker since the last one was ousted for "rude behaviour" towards deputies.

Iraq has a power-sharing system where the speaker of parliament is usually a Sunni Arab. At the same time, the prime minister is a Shia Arab, and the president is Kurdish.

No speaker means the parliament won't be able to discuss and make amendments to the budget law.

They sure do like to take their time in making a decision :-)

@ PM2022 - I agree with you the price should be higher based on pipeline and products but this BOD have note done anything worthwhile to give value to these products. I invested for CLX so tell me what you think they have done this last year ? Sweet FA if you ask me. That is the problem. It’s not the placings but the fact they are adding no value at all. Something needs to change.

I think CLX could be the making of this company yet dilly is just dallying as far as I can tell.

Fair dos to Porky he has called it right but I have to say I do find it weird that you’re here quickly to warn people when the price rises 😂. It’s as if it beings you pain somehow.

I don’t know if anyone is on stocktwits but on the euda forum chat someone called porky put this message on in November which made me laugh

“Based on Theoremrx history to date IMO $EUDA need to carry out some serious Due Diligence here to protect themselves. Especially regarding the suggestion that the new partner has "access to funds". Very questionable IMO. Be interesting IF this all works out or not. “ 😂

Porky really hates Suzy 😂

Uxm484 - 6p to 18p can happen which is just 200% rise we just have to believe it.

Can you give me some of what you’re smoking? Sounds like fun 😂

I hope you’re right buddy but imo this BoD is useless.

Drizzy has caught the bus and is now joining us for a price rise to 3p 😂

Frizzy you wrote this last night: “ Sold out of both actually for a tidy profit. Do not care if HE1 goes up or down tomorrow. ”

😂 yet non stop advice from you this morning. Please don’t tell me you’ve stupidly open a short.

Dizzy is on a journey of self discovery. I fear by the time he gets to his destination the bus will have left the station.

He has gone from don’t invest you’ll lose all your money to buy at 0.2p to today but at 0.3p.

By end of today he will be recommending buying at 0.4p because the price will be at 0.6p

Atb

I only bought into he1 after this latest placing so working with limited knowledge garbed from previous rns.

As others have said forget the price of the share the important part is the market cap.

Prior to the last placing and failure to discover helium the share price was based purely on people’s belief on the company making a commercial discovery. The share price in November 2023 stood at 5p with around 1bn shares giving a market cap of £50m. Current market cap is £12m.

To me if they announce commercial discovery this will be worth a lot more than £50m. For me as a minimum just looking at previous market cap we would get to £100m on discovery alone. That is a 8x from here to about 3p.

There are some who say be wary there will be a placing and it could happen but if they find a commercial discovery my feeling is that they will be bought out but as usual dyor.

Atb to all shareholders

Shorts are closing as not many days remaining for the Ops update. Could see some interesting trading for the next couple of days.

Burn shorters burn 😂

Ouch indeed, I’m down down 44% but nothing I can’t afford to lose. I invested for CLX and I still believe it will be company maker. This BoD is a disgrace. We need someone to believe in CLX and get it over the line. This lot are just interested in self preservation. What happened to the mission about saving lives!!!!

If they just get the work done on CLX and it’s unsuccessful and we fold I can live with that but this is a death by a thousand cuts.

This is a gold mine of a company. Unfortunately those shorting are not short of a few bobs. They may decided to push this further down and there really isn't much the company can do other then keep calling out the shooters for their duplicity.

For an example of a company that was targeted in the US last year have a look at western alliance bank. The graph in May 2023 does not do justice to what happened. The shorters pushed the share price down to $12 with a hit piece in the FT. It is now back to $66. I was fortunate to buy in at the time for $19.

I feel the same is happening here and that is why I bought in last week.

At some point the shorters will have to buy back and in my opinion we will see a gradual increase in the share price. When they will close only they know.

Looking forward to picking up the first of I hope many dividends. :-)

ATB to all shareholders.

John Henry - they’ve not given any numbers but this armchair expert has already called it non commercial. Haha

I wonder why they are even bother continuing testing.

It sounds positive but let’s wait for the results.

Good luck to all holders

Let’s talk numbers, $20 is being banded around some articles. $20 is about £15.75

At 50k bopd

Monthly income : £23,625,000 (£15.75 * 30 days * 50000 bopd)

Less monthly operating costs : £6m

Less assume 25% is just to pay suppliers: £6m

Income after costs: 11,625,000 (£23.625m less £6m less £6m)

Annual income after costs: £139,500,000 (1162500 * 12)

£140m for dividends and capex.

Assuming they pay £70m in dividends that is a whopping 30%+ dividend.

What is not to like?

Obviously there is risk at the moment as nothing has been agreed but the rewards here are phenomenal.

Atb to all holding

Includes an increase in allocation related to cost of oil production. Budget amendment to be submitted next month for approval so not long foe KRG, IRG and IOCs to agree on a number.

https://iraqidinarchat.net/parliamentary-finance-the-2024-budget-will-take-into-account-two-important-files/