Member Info for Lazarus1

How do you work that out deltalo? AJE wont contribute any money until the 13th lifting. Until they any revenue goes to pay off debt at the project level.

“Subject to normal operating conditions with current oil prices and production costs remaining stable, it is anticipated that the project debt should be repaid after the next 2 liftings.

The Company anticipates that the 11 lifting should take place in June 2019.

From the 13 lifting, which is anticipated in Q1 2020, the Aje investment is anticipated to generate material free cash flow for the Company assuming continued stable production and no change to capital or operational expenditure at project level.”

Sets in on the share price. Way overvalued IMO.

Don’t disagree with that, but have a look at Nu oil and gas who have been scamming investors for over 12 years and haven’t delivered a single thing. At least NTOG have produced some actual oil.

That’s a pretty strong statement. This is a big stinking pile of pooo for sure, but there are some really big scams out there that definitely top this.

“I’m not ramping”. Just saying its going above 18p. PMSL

“Shorts closing” “its cheap down here””must be something stirring we don’t know about”.

Just don’t let anything like the fundamentals get in the way of the fantasy

Hope too many genuine investors don’t get spiked and loose money

Net additions today zero then

Moving at lightening speed.

Anyone reading the last set of accounts properly, where the scale of the debt and the problems were all there in plain sight, was not “investing” but were just gambling. And it was gambling where the house always wins.

No late, it’s not a positive sign that you have invested in something good. What you have “invested” in is a total dog of a share where there is a serious disconnect between hype and reality.

And if some of the other TMs were “blowing his socks off”, yet they have achieved almost nothing, that doesn’t bode well either.

So that means the London “team” was only one person. PMSL

What makes you think its a buy? Looks more like a worked sell.

Watched the video in some detail. What a load of waffle.

“I’ll be adjusting the key performance metrics slightly”. Yeah get your excuses for failure in early.

“We don’t just want any restaurants, want the right kind of restaurants”. So much for bringing the tech to the whole restaurant sector.

#bigpi5h

Need to be careful about injecting a does of reality on valuations. They are still making a loss, so no earnings yet. That means the business is basically being valued on its cash reserves, which are dwindling every day.

It’s meant to be scaleable tech, so why do the TMs need to be driven by the Directors? Surely all they have to do is walk the streets and make their pitch to all these restaurants. With such a good product it should be an easy sell. And then bish bash bosh load them up to the database and onto the app and they should be good to go. Something smells here.

Are we at 7p yet?

LMFAO. Hypergrowth is all hype at bigpi5h.

When will people stop making excuses and realise that they have managed to turn the germ of an idea into a large bucket of crap. Poor implementation, poor tech, slow to get started, out manoeuvred by their competitors

I think this is a massively risky play and that’s what the company tell you too. You are at risk of loosing all your money. But..

There are massive positives in the interims. They have very low admin expenses. Other AIM junior resource companies pay themselves a lot more. The Directors hold some shares, although I would prefer to see them hold at least 10%, and they have more than sufficient cash for the next 6 months so unlikely to need a placing until they need to capitalise an asset.

GLA DYOR

Just added security? Suggest you read the accounts properly, they are not pretty reading.

And even if they got the £200 million, which bit of “shareholders will be very significantly diluted” do you think is good for the share price?

#delusional

To be held tomorrow morning
https://mobile.twitter.com/SkyNews/status/1175506885614678016

Just because you are not paranoid doesn’t mean they are not out ti get you.

Keep taking the tablets.