Member Info for Latino

Agree, but it’s the ‘if they hit oil’ is the key here. We can only wait and hope Mother Nature delivers for us. Gla

Just want share my notes inn WRN from a few years ago. This was very realistic at the time but now feels like it’s million miles away..how this perfect investment turned so cruely wrong.. ‘The RNS which announced the ten deals and $2 Billion NAV proves that deal partners are attracted to WRN, are happy to do business with WRN and are happy with the terms agreed. WRN has also stated, in the Q&A, that the pipeline of prospective deals has continued to grow. Even if any of the original ten deals had fallen through, there appears no shortage of prospective deals to choose from. Clearly, there is no shortage of prospective deal partners who are keen to partner with WRN. Even if, in the unlikely event, all of the original ten deals had fallen through, WRN successfully negotiated $2 Billion worth of deals before and would have no difficulty doing so again, if necessary. Whichever way you look at it, there is every reason to believe the conglomerate will resume trading with a large number of deals and many more prospective deals in the pipeline. And since $2 Billion NAV has already been stated by WRN, it's fair to assume our total NAV most likely remains in that ballpark. Suspension in the company's shares will not have prevented the business from progressing. And since we're in the business of brokering deals, there is every possibility more deals may have been added over the last 18+ months. It was the original ten deals that triggered the RTO which led to the decision to merge with NUNA. And since we remain on that same pathway to resumption, it would appear we remain in the same RTO situation, ie, the size and number of deals remains on a scale that continues to trigger an RTO. Hence the ongoing intention to merge with Nuna. Meanwhile, 18+ months suspended and no action taken by the authorities suggests all is well behind the scenes. Whilst focus remains on Nuna for now, the bigger picture of course, is all about the conglomerate, the deals and the NAV. Personally, I'm really looking forward to hearing about our other deals, in particular property and consumer goods, both of which should be great for boosting Mcap and SP.’

Personal view can’t see it but on AIM as we all know anything is possible! Odd of now getting a Contract before year end is highly likely as is expected by the company stated in their results. They have enough money to last a few months following liquidations of LED business. With so many trials done and on the go, this could easily be 1-2-3 contracts in a short space of time.

Also the paid trials should increase from 50k to 250k (2017) as they have now modified the software and it’s back in trial + the extra trials they have including the recent housing association.

Yes it will be signficantly reduced. The trials are mostly paid for but there are too many on the go, and the resources required to run these is costing the company a lot more than what the company is paying. It’s a win-win for the customers.

Good article, patience is now the key here. But strongly feel James needs to step down as CEO, he seems a bit out of his depth. Someone with substance and who can execute deals / contracts. Can’t be going around installing 20+ trials on the go at the same time - and it looks as though we are talking a hit on each one due to additional costs. To me this is poor leadership and untenable. We need to start at the top!

See 3 sells, but nothing big. MMs are really squeezing the weak here, yesterday we saw a sell price drop to 0.04 on smallish sells on no news. Question whether that 3.25 was a sell or choreographed by the MMs!

Please don’t lol read the rns’s it’s all there!

This is actually good news that liquidation is now agreed. If it wasn’t then that would be deemed bad news. This is just rubber stamping the 31st Oct rns when this LED business stop trading. Uncertainty removed they can now concentrate on clarity their main business.

All agreed. John Cullen of Menzies LLP, who is acting as liquidator to PhotonStar LED, will now seek to realise value in PhotonStar LED's assets for the benefit of its creditors.

This is why they’ll be accelerating drilling where possible.

Personally if they hit oil they will be an rns, don’t think they will wait for TD to be hit before the announcement.

One has to say this SP is so so cheap considering where at or near TD. It seems we were better of without the drill, when you actually start drilling the SP takes a nosedive lol

Agree, that probably is a good comparison. Also they are more familiar with the rig now after snow leaopard so will be drilling a lot faster. Gla

Can’t disagree, just stating the 100m / day drill is a good estimate if things go to plan. Also remember Desire Petroleum drilled the Liz discovery some 3500 in around 35 days just as a another example!

Personally think they’re at or approaching TD now. This is because when they drilled ~1800m on DT-9 and others in 2011, took them 17-19 days on average. Here they are drilling 2200m so one would assume this should take 22-24 days. We are very much there now.

Wouldn’t it would be sweet if positive news landed now, that’ll teach em a lesson!

Maybe no news is good news! Maybe they are also preparing an update with this confirmation.

If the news is good this will all be irrelevant

Doubt it’s day traders these are very hefty buys