Member Info for LOTM-13

Hi Clued, yes your right hedges do cost money to put in place including premium's which eats into the strip prices.

It would be great for example if Dec applied something along the following lines from there free cash flow - $15M per quarter for the dividend. $22.5M per quarter for the share buy-back & the rest to debt reduction (on last quarters figures $78M that would have meant $40.5M).

On that basis the company would be debt free in roughly 7 years.

LOTM

Hi Clued,

Actually the nat gas price means very little to Dec in the short term because they have 90%+ of there rolling 12 month expected production hedged. so when you have so little of your nat gas being sold at spot it doesn't affect your short term numbers much. The hedge whether its in the money or out of the money gives the company the same cash-flow at the end of the day & they know what that number is going to be well in advance of it happening. Yes the headline number on the accounts changes a lot depending on how much the hedge gains or lose's for Dec, but not the real amount of cash it has.

A spike in the 12 month or 24 month strip means there able to lock-in higher revenue in due course, but virtually none of it filters through for a year or more.

They could do, to increase their risk profile slightly & limit themselves to say a maximum hedge of 75-80% of production, to increase the potential for banking spikes in the spot market.

Given they pretty much know there cash-flow for the next quarter, they should be able to declare how much is going to be spent on the buy-back in the coming quarter (should the share price remain below X price) to ensure its accretive to the business & thus adding value for long-term shareholders.

The dividend should be able to rise slowly by using a fixed amount in $ per quarter to be paid out, but it gets paid out to few & few shares & thus increases slowly but surely over time as the buy-back does its job.

That's the ideal scenario your looking for.

LOTM

I will try to word it slightly differently 2phevs, but actually this is a key point in trying to understand if the technology is working as advertisers would like & individual brands are happy with the outcome & are placing repeat orders multiple times or not.

If they aren't , then its pretty safe to say we're in big trouble. If on the other hand they are & are doing so more frequently & or on bigger reaching audiences slots, then we really are on a winner here.

LOTM

Sorry I should have said I was meaning product brand, ie not P&G as a whole, but the individual product brands like a washing powder, cleaning product of there, dishwasher tablets, etc.

LOTM

2phevs,

I'm well behind in thinking of questions for the meeting, but a really good couple came to mind this afternoon.

How many different brands around the world used Mirriad's VPP to place money making ads in 2023 for the company?

How many of those brands have placed more money making VPP ads with Mirriad in the 1st half of 2024 ?

How many different brands have placed ads in the 1st half of 2024 with Mirriad ?

What were the 3 largest revenue generated amounts (by brand without naming them) in 2023 ?

What have been the 3 largest revenue generated amounts (by brand without naming them) in the 1st half of 2024 ?

LOTM

Gggg21, was that 998K trade yours ? :)

LOTM

Ok that's me done :)

Good luck with getting your next 2M at a decent price gggg21

LOTM

They get more commission from more than 1 trade!

Yes I know it can chase the price up depending which broker or brokers have stock. Your time is limited if you want in by Friday ...................

Ok buying my 150K then

LOTM

Hmm interesting to see what the MM's want for that size then!

I can buy over 500K for under 1p sometimes its better to split the size you want into a couple of trades!

If your not buying right now then I think I'm going to take another 150K.

LOTM

I noted a couple of buys the past 2 days & thought something might be stirring given the move up & volume in Tower.

I bought 1.5M today at 6.09p to average down what I had left from before during the last run up.

Lets see if it springs into life again.

LOTM

Gggg21,

Was that your trade at 1.011p for 50K ? because I'm still getting quoted under 1p for well in excess of that amount!

LOTM

Hmm thanks for that 2phevs, it made me buy another 100,000 in the meantime.

Maybe the dots are all lining up ..........................

LOTM

Gggg21,

Given the total lack of investor engagement from the company, will we actually get one is the question. The AGM isn't being done as a webinar etc.

I can buy 100,000 for 0.9999p if i wanted them!

LOTM

Hi gggg21,

No I've not been near buying any MIRI today (haven't even tried any dummy trades or such like either)

I'm doing a lot of debating on whether I want to buy any more or not & if so now or after friday ?

LOTM

They must be filling a large sell order around the 0.23p mark as I haven't been able to get a quote on 4M+ for some time now.

LOTM

Gggg21,

Is that you buying at 1.02p ?

Or are you hoping for lower yet ?

LOTM

I'm very relieved to see that there was no placing overnight.

Onwards & upwards from here hopefully on the latest news.

GLA

LOTM

We will find out in the morning ...................

I got hit badly with the last placing & I fear the same as just happened again but on a larger scale this time.

Still got my shares so will find out my fate in the morning.

What seemed like a really good day has turned into a very ugly one.

GLA

LOTM

I hate to say this, but its got all the looks of a placing announcement in the morning ..............

Hope to heck I'm wrong.

LOTM

There's the next up signal (trade number 1412) 2,000 share sale.

0.26p here we come

LOTM