Member Info for LGO-fan

Crashing

they are excellent at producing shares. It is an impressive equity raising apparatus! (not impressive in raising revenues)

One of the easiest giveaways to spot a trader is the posts commenting on almost every intraday share price movement.

If someone posts like a day trader, talks like a day trades and walks like a day trader, he or she probably is a day trader. Simples. (they also usually hold a premium account here)

I am not the expert trader you are, Chesh, but things like “low volume” and “a big seller in the background” are not exactly on the top of my wish list

whoops, now that an ROI to dream about!!

thank you for that clarification:-)

We could do with more chunky buys; seems like the chunky sales haven’t really stopped yet (noticed another 500k yesterday).

Patience I guess...

Thank you, I appreciate your PoV and candour. I hope it works out for all holders

2 things I pick up: on one hand he is a bit more careful in his SP "predictions/statements" ( I think he was more bullish in the past - but weren't we all). On the other hand, it's the first time I hear him say that he may further increase his holding (but hope it is on the open market!)

LionelFancy,

I have been looking into this share now and then for many, many years and have never been fully convinced. I am somewhat more positive given the latest update (like the approach to find commercial partners at "negligible" cost), but was wondering if I could get your POV please. I hope you don't mind singling you out, but I liked your post. I thought it was intelligent, fair and balanced. Hard to find these days!

My questions;
1) Tough question: given QFI has been around for 15 years, do you fundamentally believe they have a viable product? The reason for asking this is simple: in my job I look at small start-ups with interesting technologies all the time. Those who have something real to offer, usually succeed. Those who have been "religiously" sticking to their technology for a very long time, like QFI, usually have an intelligent idea that can not be commercialized. I have been on the fence on this one for a long time and would like your POV. Not an easy one, but I feel I can ask you.

2. Funding from the latest RNS:

"Our existing cash resources continue to enable the Group to pursue our business development activities throughout calendar year 2020, with a further £2 million of funding potentially available to the Company from August 2020 pursuant to the previously announced convertible security instrument. If the Company is able to draw down this additional funding in August 2020, subject to conditions precedent being met, the additional funds would be expected to meet project expenditure that is currently anticipated. However, the Company is cognisant that in order to have a high degree of confidence that this additional funding is available, we will need to be able to demonstrate substantive progress on our projects and for this progress to be reflected in a steadily appreciating share price."

What are they really saying? On one hand they state they have enough cash for 2020 (ok for investors with a 8 months time window, assuming placing takes 2 months: too short for me). I was confused about the Aug statement: is this in case a commercial opportunity pops up that requires more cash? Or is this to have enough cash for 2021? They mention "we will need to be able to demonstrate substantive progress": that seems a worry to me. If there isn't enough progress, and cash runs out by end 2020, are they saying they will not take up the further £2mn. That would be the end of the company?

Apologies if my questions are daft. Haven't looked at QFI for over a year...

many thanks

"Im not sure that I see @VSACapital target of 21p anytime soon but do believe we will hit 8-10p in the short term though #CERP".

koffiedik kijken, me dunkt. De pijl gaat tot in Q2. Wie weet...

What does good mean? To me it means you deliver on the promises made. Simple as that. By this simple rule, you have to say the performance of this BOD is inconclusive. Some good stuff (big fan of the deal we ended up on SWP and WNZ), but also a long list of broken promises (Goudron, SD M&A, progress on Saffron so far)....key ones that come to
mind.

Agree we have good calibre people in the BOD, and am also patient enough to accept they are building a
company from ground zero up. A lot of hard work so far, all good and well, but at some point they have to
deliver. And for me that is all to do with the SWP. Don’t forget all the other fields (am going to exclude WNZ for now as too soon), where all labelled as “a means to an end”. SWP is that end. So where
there can be sympathy for the “means” there can be none for “the end”. Time to stop saying “exciting times” and start delivering “exciting results”, all IMHO

Well, Schroders offloading is a fact - see RNSs
LK not buying is a fact - see lack of RNS

Now you could either assume that we have been in closed period since LK stated his intentions to buy.
Or you assume there have been open periods.

If all closed periods, why are they allowed to convert options in to shares? Strange no? Closed periods are there to prevent directors benefiting from price sensitive information ahead of the market. Whether this is by buying shares, or by converting options in to shares is irrelevant here.

If you assume that we were in an open period allowing them to convert shares into options, why is LK not buying more like he said he would?

This is where the Schroders ghost appears: yes, this is the only assumption here. LK knows full well Schroders will continue to sell, and therefore he decides not to buy. Can’t blame him, I wouldn’t. Would you?

So, if this were to be a closed period (we don’t really know, but let’s assume), would they be allowed to convert options into share now? It’s either a closed period, or it isn’t. Which one is it?

He said he would buy. I believe in Aug/Sept time. What could have changed his mind? Hmmm...think...think....Oh, would a certain cornerstone investor offloading have something to
do with it? Just saying....the man ain’t no fool!

I meant a concrete plan for the SWP. We have been told we have 12 targets. So, which one after Saffron. ?

Hi Bamps, I sincerely hope we get a more convincing plan for the SWP than Clove. Drilling if it’s a test case
for more similar wells, I could get - but that amount for 30bopd, isn’t very appealing. You would want to
see better use of that money elsewhere, IMHO.

It still boggles me that not a single soul on this BB dares to admit or even ask, “what after Saffron?”. They had 12 targets....where are the plans? LK saying “exciting times” isn’t good enough. The man has a long list of broken promises and failures, hence Schroders bailing out as Offerman stated.

LK is getting a far too easy ride from investors, IMHO.

Didn’t you say Clove wasn’t worth it?

that was my interpretation too. Just wait, nothing more you can do.

Why would he, even if he wanted to? LK has said months ago that he would “come to the shareholders” in case SWP was a success. Alluding to the possibility of a raise. In that case, would BigMJ buy on the open market when you could potentially get them at a discount later?