Member Info for legache

Fortunately, i wasn't asked to place, but it all doesn't seem very ethical. Surely they would have had conversations about renewal?

Technically, if Hanut is a success and comes in on prognosis, it will be transformational in terms of NPV, not necessarily cashflows as they will stay the same unless they increase production capacity and the CPF.

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Yes, there a question about this and it wasn't really answered very well. basically, they said they "look" at increasing the number of new customers to increase the cashflows. they said it wasn't just about building reserves...

Big if, but if it comes in as expected, then one would assume they would have some customers for it to increase cash flows...

As a long term shareholder who was not offered the opportunity to participate, I couldn't care less what the current cap is!

you've only 5 been holding them 5 seconds!

Just listened to the audio. They categorically said there will be no share buyback in the next 12 months. Focus on the drilling folio...Lots of positive comments, South Disouq is transformational blah blah... Heard this O&G pumping before and i'm a bit long in the tooth for this rhetoric. I did like the telling pause however when the guy asked the question about M&A activity. He said they were "actively" looking...Did IPR commit to participating?

thanks, Shakey.

Can you point me to this info? Or was this something said in a presentation?

This really is batten down the hatches time for Global. Do something folks.

A small dividend would make holding this dog much easier I have to admit. 1% maybe? Irrelevant anyway, there isn't going to be one any time soon.
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They did say this in the last RNS....

"In line with our ongoing focus on shareholder value creation, we continue to assess the optimum allocation of capital, whether that be investment into organic or inorganic growth projects, or returning capital to shareholders. Our final decision on this will always be taken with the best interests of shareholders in mind."

These comments are more important to me than the NAV or NPV of the cashflows. Unless shareholders benefit, and i don't mean in another x years.... then what's the point. Not to pay managerial salaries, as is often the case on AIM, that's for sure.

Thnaks AP.

Hoping for a takeover, however, doesn't rank very high on my list of effective investment strategies!

Been holding SDX for years. I'm planning a shake-up of my positions in 2021. Tempted to throw the towel in her and crystalize a large loss.

I cannot understand why such a cash generative, seemingly well run business is so disliked by the market...

Someone try and talk me out of it...

I've actually made trades at much higher prices pre 2013. I don't look to get "enjoyment" from my investments, I get enjoyment from fine wine and women, not from the stock market.

Most of my ill-advised sizable purchases have been at 2p or less. I have averaged down a few times but needless to say, i now need a miracle and made up my mind not to a. buy anymore b. take part in any placing and c. sell any until the Peters do. They will probably have to wheel me out in a coffin before I'll sell my shares back to the market. I'm here for the end game, whatever that may be.

to say the next few months could be challenging Harel, implies the last 8 years i've been invested in this dog have been sunshine and flowers.

Its been a nightmare from start to.... welll... we're not even finished...

What really surprises we is why the Peters have held on for so long. They should have just flogged the licenses on the cheap and distributed the cash to shareholders. That's why COC did with most of Bowlevens assets through a special divi. Yes, it wasn't full value, but it was something.

The danger here is that we end up with nothing.

I have to say Geowiz. It does beggar belief what they do. All i can conclude is the GBP is like a fat bird a party. Getting picked up last because no one is interested until everyone's smashed.

there a few oilers who would have similar figures percentage-wise.

I'm much older than you shakey. The main question when i invest is, "will I live long enough". I'm in a few where the answer is emphatically no.

I'm a shareholder in lots of other oils businesses. None of them, even their biggest advocates on these BB, quotes 15 - 70 times their share price as possible. Thus my comments!

This board is a bit rampy. isn't it?

I would simply call them to execute.

I can't sell, Its fill or kill.

I'm generally unimpressed with HL on low volume stocks. I am only with them as they hold my SIPP and wanted it all in one place. It 12 quid a trade, which is just silly.

I can 1000s of pounds worth with HL - not sure what you're talking about.