Member Info for LOTM-13

Oh my that's a really poor buy-back number only 20,000 yesterday!

They should have got a lot more than that bought back, surely they haven't started to slow down the buy-back again already!

Very disappointing indeed

LOTM

Hi Clued, no problem, I fully understand your view on Mirriad (MIRI), it is after all at a 5 year low etc & the company hasn't engage with private investors for over a year now & gives us near zero visibility. So literally no-one follows it, but if you look deeper at the things surrounding it that are coming out into the public domain, you might see things very differently & the potential.

I haven't sold a single share & all the purchases are listed in the chat, I'm more than slightly under water as the 5.5Million shares (0.54% of the company) have cost me £59,299 including costs etc so I need the share price to basically double to break-even.

Anyway remember the name if it takes off ................

LOTM

Sorry chrishutch, I have to disagree, Christopher King getting another promotion doesn't fill me with confidence at all.

LOTM

2phevs,

Someone who doesn't know what they are doing is working on the Mirriad Linkedin page !

They've just been editing last weeks post for some reason!

hmm also looks like someone bought 420,000 share thinking something was up & as soon as that 522K sale went through panicked & took a 10% loss !

Lets wait & see what the company was try to post on the account .............

LOTM

Pickedpeck,

Well hopefully the company has spotted it & is positioning itself to take advantage of the cycle this time round which they didn't the last time.

Neither of the last 2 purchases had hedges in place, so maybe they are lowering there level of hedging or waiting until early November to hedge it then which going by the past few years has been the best time to put the hedge in place.

LOTM

Dazzle1000,

I'm not sure where you got the 2.4M share figure from ? I'm guessing you took the $35M for the most recent purchase & got the figure from there even although there hasn't been an actual share figure stated yet.

As for the increased rate of the current buy-back, it does to an extent depend on the traded volume on a given day, especially the sell volume (because that's effectively what they are buying up after all) as well as the price of course.

Today's volume has been pretty good so far, so I would be expecting the number in tomorrow's RNS to be good to. Wednesday might be a little more difficult as people might be buying in to get the dividend, with Thursday more receptive with those selling after qualifying for the divi.

But if they've bought in an extra say 275,000 before ex-d, that is a $80,000 saving on the amount paid out at the end of September. They will also have lowered the Crescent purchase price by around £160,000 (that's over $200,000) at the same time.

LOTM

If any of you are interested in adding something speculative & non oil & gas to your portfolio's, then you might want to take a look at Mirriad (MIRI) & do some research on it, as in the next few months its business model will either fail & the company go bust or produce spectacular results which will transform the company & the share price to many multiples of where it is now.

Remember the name

& Yes for the record I have bought a lot of them & I'm currently underwater with them, but believe in the business.

LOTM

I should also have added that they are several reason that oil & gas wells are only produced for a very short time period.

If a well is produced for just a short period of time each year, it extends the lease & area in acres that is "held by production" thus stopping a lease from lapsing & you having to re-negotiate a deal with the landowners & having to pay an upfront fee for doing so as well.

You might want to do that if prices are low & you are waiting on higher prices before developing acreage etc.

Its not all about delaying the P&A of a well.

LOTM

Hi 2phevs,

Damn was hoping to get 700,000 shares at 0.5p or less but others have forced my hand early.

So that other 400,000 at 0.527p is mine as well so 5.5M shares in total for the record.

LOTM

Hmm dammit, who bought that 500,000 at 0.52p :(

Just when the price was starting to come down to :(

Oh well for the record just bought another 300,000 at 0.5189p.

So that's me at 5.1M Shares now or over 0.5% of the company.

LOTM

Hi 2phevs,

Had that long think over the weekend & decided that I will be buying more, only timing is the issue, I'm due a chunk of cash from something soon but I don't have an exact date for it yet :( which is very annoying.

So I'm having to look at selling something else in the meantime to fund any purchase !

I wonder if that seller has any more left that I can mop-up .............

LOTM

There you go another chunky buy-back, so that's just under 200,000 bought back (more than the normal rate) in 4 days, by tomorrow they will have bought back over 10% of the Crescent shares at a much lower price than they were issued for.

As for P&A's etc you do realise they have to post deposits with the state (bonds) to help cover the cost of plugging wells, yes its not what turns out to be the full cost of it, but a fair chunk of it.

LOTM

Wimbledon you were certainly around in the early days & were a big holder back then & probably are still now, PubCrawl to,

Just be careful as that purchase is a bad one.

LOTM

I have stayed away from HE1 for a little while now but some of the long terms here might remember me & my arguments with Joe......

The Blue Star stuff is very close to where my Geologist friend had Helium leases & quite frankly he told me back then that there's (Blue Star) were crap, basically having to vacuum the Helium out of the ground as there is no pressure in the wells.

The fact that HE1 has gone & bought 50% of it is staggering to say the least. Its mutton badly dressed up as lamb.

Sadly it is going to be another brutal day for HE1 shareholders.

LOTM

What's that the 3rd time or the 4th time now that shareholders have been absolutely done by this useless board of directors who's only interest is there salaries.

LOTM

Hi 2phevs this might be right up your street ..............

https://www.linkedin.com/posts/jack-rickles_after-35-incredible-years-at-mirriad-im-activity-7222628164106158080-59bd?trk=public_profile

Lots of comments for you to dive into see who Mirriad was all working with ...............

I wonder who got his job ?

LOTM

I found this, not sure if you posted the video etc previously 2phevs ?

https://adsales.aenetworks.com/digital-ad-products/virtual-product-placement?utm_source=linkedin&utm_medium=aen-infeed-boost&utm_campaign=aen-mirriad

https://www.linkedin.com/posts/aenetworks-csi_aeninnovates-vpp-advertisingreimagined-activity-7227696009882091520-_xA-?trk=public_profile

LOTM

I wonder if the board of director's have thought about using VPP (Virtual Product Placement) advertising to boost sales in there target markets ?

In the annual report it goes on about Senegal being a key market for them, but how are they trying to boost sales, awareness & loyalty there ?

Mirriad (MIRI & yes for the record I'm a shareholder in that company) are the content VPP specialists & have done some amazing things to help out Brands.

They have even gone so far as to have music video's created (by artists who a Brand wanted to work with), whereby they can then insert several VPP adverts seamlessly into it post production, to make it totally contextual to the viewer.

This form of advertising (VPP) gets a much better outcome for the Brand, with increased sales & Brand loyalty compared to normal adverts which the vast majority of people now try to avoid, but you can't avoid it if its in the content/video that you want to view!

Not only that but the time it takes to go ahead & run an advertising campaign can be as little as 3 weeks from initial sign-off to it being seen inside the content by viewers. It can also be done in multiple different languages as well.

I truly believe it is something that would not only help the company boost sales & awareness of the Vimto Brand etc but be much better value per ad £ spent at the same time.

LOTM

I think some of you haven't actually looked at the figures closely enough ...............

For example as part of the Crescent acquisition 2,249,650 shares in DEC were issued to the buyer as they specifically wanted to hold some DEC shares rather than a cash only transaction. So instead of paying out $30M in cash, the 2,249,650 shares were in effect issued at $13.335 each or around £10.40 in its place.

Now DEC has substantially increased the size of the daily buy-back in recent days while the share price has been well below that £10.40 figure.

So all the "extra" shares ie above the usual "3,750" number that they are buying in are in actual fact lowering the true cost of the deal, even more so on all the ones that they won't have to pay the up coming dividend to when they go ex-dividend later this week.

In the mean time the extra production from the effective date of the transaction is boosting the daily cash-flow number. Which is in part being used to fund the share purchases.

Its a long winded process but the company is effectively giving a 5% stake to Crescent who look to be in this for the longer term (as an advance) & then buying them back not only at a lower price than they were issued at but from the free float that is out there, pretty soon this will put a bit of a squeeze on the shorts.

The trick is to buy them in quick enough so that no-one really realises what's happened!

They've bought in nearly 140,000 shares above normal rate in the last 3 day at an average price of under £10 per share & I would expect the next buy-back announcement on Tuesday to add quite a few to that number & lower the average price at the same time by quite a bit as well.

LOTM

Hi 2phevs :)

hmm the links don't open for me but that's ok, as you comments are enough :)

So more & more advertisers / brands are paying attention to Canela's stuff :)

As I said yesterday things truly look to be in a different league now than before. We'll find out soon enough if I am right or wrong about it.

Got a lot of thinking to do over the weekend ................... over what to do next ...................

LOTM