Member Info for maddogmcree

They might just consider the recent drop has introduced a buying opportunity risk / reward. Despite their confidence the share has not moved significantly forward so entry point remains good value.

I presume they are still going ahead with the trial 150,000 in Nov, that should gain some exposure

Agree I want to see the rns stating the mine is back up and running, currently days lost if continuing will sooner or later start to impact on revenue. Just wonder why it takes so long to complete the investigation

I guess the bonus is if sellers are waiting, at least we are at a higher base. The fact that they are able to bring the debt down quicker than anticipated will soon make this very attractive. Just needs a little time

Hoping it will see us back through £4 again, low PE, so def room for improvement

19th Oct last year this was sitting at 53p even at today's price currently £1.69 that's a huge % gain. It will be either some market correction or people feeling is top end valued and top slicing or moving on

Holding up well, all things considered

Well it's definitely impacting share price - average daily volume 2.5mill but we are already at 6 mill today - mostly sells - just gonna have to ride out the storm as this could go lower before blue skies appear

How do you know only a small part - I read this rns part

Part of the Company's ongoing strategy is to enlarge the Company's free float by introducing more high-quality institutional investors, family offices and other investors to the Company's shareholder base. In this context, Seafox has notified that it will:-

(i) distribute 150 million of the shares that it owns in the Company pro-rata in the form of an in specie dividend to Seafox's shareholders, which include prominent family offices, such distribution to take place on or after the 15th of September 2024;

I presume that since it is now two weeks since Seafox shareholders got their shares (150 mill) then sooner or later those still holding plan to remain for better gains. I think this has created a buying opportunity as the shares have fallen with people selling who had not wished to hold. I have bought a few more today as I remain positive on the company outlook. Lets hope we gain another institutional buyer as was the companies plan

There’s your seller

Date Time Trade Prc Volume Buy/Sell Value

27-Sep-24 11:42:14 16.00 5,550,000 Unknown* 888.00k O

27-Sep-24 11:28:40 16.00 3,250,000 Unknown* 520.00k O

27-Sep-24 11:28:40 16.00 1,644,351 Unknown* 263.10k

I would think there remains a seller. We just have to ride it out. It does create a nice opportunity for newbies to the share. Sooner or later they will be gone, the fundamental remain strong, good revenue visibility, reduced debt % leading to increase of reduction of debt, new modern fleet, lots to like, just needs a little more time. I believe in the management and the way they have focussed on addressing the debt. The share price will improve faster than any bank or building society interest rate even if we wait 18 months.

I see we are having another test of the Year High. On this occasion I think we will move on past it

Two potential lumpy sales

26-Sep-24 15:34:41 366.75 161,690 Sell* 366.50 368.00 593.00k

and another £91k at £3.66

I can't imagine buys give we have been dropping daily so ca only hope the seller is done

Bought some more myself to bring my average down to £3.95. Hoping we have reached the floor but its a guessing game

Yes I saw that - nice buy :)

Well I’m staying - I know others may not agree but this is my favourite share and the updates always make good reading

Hi Kaypea- a counter argument could be that a year ago the share price had sat around the 90p mark and spent most of the previous year to that around the same levels. Share buybacks and continued excellent results have seen a 60% improvement in share price over the last year. Better than a dividend payment but I do agree now is the time to start introducing a dividend

Love those interims

Positive news to turn this ship around