Member Info for legache

Leave it with me, that was passed to me by an aquatence earlier. I will repost, once I have a verified address. Apologies.

I was referring to the shares mag event. I appreciate he id doing the rounds at these events, but they are not really going to help much without the other networking he needs to do. Apologies for my mis-spelling of kosher. Email for MM : michael.masterman@povalley.com

I for one, would like to see MM doing less roadshows aimed at retail investors like me and you, and more dinners with city money men. I chuck in an extra 10k this week into my Saffron pot, which is absolutely zip all in the scheme of things. In order to see a substantial rise we need professional investors buying in. MM needs to prove his worth at getting these guys on board or hand over the reigns to someone who can. I'm sure he has enough on his plate with WRES. The thing is, retail guys like me do a certain level of due diligence. The line of work i'm in actually spans accountability, corporate governance and associated services, so i'm pretty clued up. However, I have a couple of good mates who are fund managers. These guys really do their homework. As in, they check your everything is kosha personally. We need the symbolism of being able to persuade some of these guys to join the party and less Prosecco and nibbles with insignificant nobodies like me. I am about to email MM and tell him as much.

Thomas, i had been getting kind of paranoid about my investment here as ever since i bought the price has fallen away. I have been getting paranoid that there is some sort of information no in the public domain that is going to ruin the company. I have since satisfied myself that this is a decent investment . The various numbers supplied by various posters based on MMs presentations indicate a ratio of x3 and x5 earnings. If its at the lower end of that that's fine. What we really need is more transparency financially and some indication of medium term strategy. I would like to hope MM has a better plan than just sit of these wells for the next 3 years. However if that is the plan, we'll still be quids on in revenue terms. What if find strange is there are companies on AIM with little or no revenue that are valued at multiples of SRON.

Did the same. Few more shares tho lol!

Lads, just been talking numbers with a chap over on on SQZ. About Ron obvs. He was guessing that annual profit would be less than one million. His math is a little fuzzy as he is taking off a million quid for g and a and also fees to shell, when I though this was built into the forecasting. I wonder what people's thoughts are on forward cash flows.

Gemstar - this has been covered a million times. MM said no placing and there will be no placing! In the video the option he mentioned where JV or some sort of bond if and when we have the need for capital. Bezzecca 2 will cost 3 million euros but will not be developed until we have got substantial revenues in from Bezzecca 1 to finance it.

I've stated my opinion as to the "why" question. We can all do fag packet calculation indicating the cash is building up etc etc but until we get some news on the numbers, its all guesswork. My guess (and thats why i've been buying recently) is that these numbers add up to a nice profit for SRON. We have debt, yes, but thats just two months revenue. A nice increase in flow rates would really make this pick up. I hope that is forthcoming over the next few weeks.

Got a order in if it does.

The I think it worth pointing out that the volume is ridiculous. It's a few grand. There is no real selling or buying going on. The cap is 8 million quid and a few grand changed hands today. It's nothing.

Don't get too hung up on what the price does day to day. If you buy at today's prices it seems to me that a little patience will see rich rewards over the medium term. I'm no demon investor. Just an average joe with a mind of his own! So take all my comments with big pinches of salt!

We know there will be no placing. MM has said so in the presentation. Hes sees Bezzecca 2 funding coming from cash plus potential RBL facilities.

So if you've read it you will know that the numbers do not include Sant’Alberto which is due Q4. Nor do they include Solaro. They are just Bezzeca IIRC. They do not include the potential at Bezzecca 2. They do not include the tax benefits. This is the problem the company have at the moment, we need some financial disclosures to illustrate to investors what a good investment this is. See here: https://www.youtube.com/watch?v=4oowbZ04bEs

depends what quantities nighthawk. I can get quotes for small tranches with HL, but anything more than 2k GBP and i get NT. Shows a lack of liquidity, which can be both good and bad. i.e. some investors will not touch stocks like this with a 10% spread and little liquidity.

Shirting - shorting, obvs

Lads. No one is shirting an illiquid stock like this. Do some homework on the subject before making silly suggestions. The reason this isnt rising is not enough interest at the moment. For most investors, until we have an idea of finances, we are guessing at the numbers. Don't get me wrong, this situation is great for me because it will keep buying based on the info I have been fed up til now. Mm has done everything he promised in the IPO and more. I cannot see why he will not deliver going forward. If he does what he says, this market cap will look even more hilarious. Patience and keep snuffling those shares away folks. I'd really like to see this company make us all wealthy.

Had another nibble at 5.25 this morning, no n/t needed. Happy happy.

One of which was mine! Keeping some more powder dry just in case i have the option to buy a little lower.

Depends who your broker are. I occasion get it filled for less if i'm doing small purchase, but not normally. They will Fill or Kill the order, so if they can't do it at say 5.50, then you'll have to up the price. I'm sure for a few k, most brokers can handle it.

mine just got filled at 5.5 after about 10 minutes.