Member Info for Magoo79

"Mr Roughan will also provide updates relating to the Company’s commercial progress, including developments across customer contract activity and operational execution against the Defence Holdings strategy."

We may get an RNS on Monday to accompany the presentation.

My hunch is that Roughan spent these 2 months to get to know the company, refine the strategy and finally, put together a communication plan. Remember how this share rocketed in last year when they were posting 1-2 RNS a week? That may happen again and 50-100% rises in a day would be missed by those who are out. Position yourself now and wait

It's been a great ride since the lows so i am thinking that we may be risking a pullback now. Any ideas of an alternative stock with similar profile (defensive, high divi)?

I got in a 47, sold at 55, back at 51 and now topped up at 47. Good solid business with consistent dividends. Happy with the new deal, I think the drop is overdone

The key legal advisor is one of the absolute best in the world, Tim Foden. A class act.

My feeling is that EML are negotiating a settlement otherwise I can't explain the radio silence. It's like they wanted to keep the SP suppressed as they are not making any PR effort, unlike other companies involved in litigation like PAT or ZEN

Stop spreading the BS of that fantasist. It's the same guy who said that a few days before the ICC2 ruling said that his insiders told him that ZEN had won.

Ignore him/her

Any idea of the reason why this is moving? not complaining and long overdue but I wonder if there is an explanation for the sudden move. KZ investors?

I'd rather understand how those admissions were made. Maybe a local court of admin office telling ZEN off for the state of desrepair of the abandoned concession rather than a letter by the government stating "we recognise that the concession and the oil are yours". AC is a good salesman but he's not providing very accurate information here.

Still very good news

Always good to see that senior management prefer to be paid in shares, it shows confidence

The BoD is just too quiet. They are not making no effort whatsoever to promote the company, which does not make any sense, unless they are engaging in a promising settlement negotiation. I'd happily take 30% now.

Fingers crossed

Our new CEO is almost certainly working on the finishing touches on the ixian contract, the launch of one or more other products and a shock and awe communication plan which is going to lead to a regular series of RNS that will get the market excited. We are extremely well placed to capture a share of the significant investments that the UK and NATO partners are going to make in this space and we have the connections and the credibility to be at the centre of the defence AI industry. Once the SP moves, it moves fast, like it did in august/september. Accumulate now that it is cheap

Usual games. Insiders knew and sold in advance to buy on the cheap later. Appalling behaviour

Communication has been terrible and continues to be so. Seems like the BoD does not care.

I didn't like the drop from 3p to 2p ahead of the placing (a favour to their mates?) and now the radio silence. I hope this is because a settlement is being negotiated

@scrwal Alex stated that they are fully funded for the next two years. By then we'll be in a much stronger position so i am not worried if there is a placing in 2028 at 15-20p. Quite happy owning nearly 1% of the company

The market cap now stands below 3.5% of the claim. We are fully funded - no risk of dilution, great legal team, the ball in Morocco's court.

There's also a decent chance of a settlement. I am topping up

@srwal I don't agree with your assessment. EST do not need any funding for the next couple of years. If Snowy is at all interesting, Endeavour will invest in it. Rulikha is likely to be covered by another JV.

As Endeavor and the other JV partner start spending and hitting milestones, the SP will rerate.

EST have put together a very clever model. Their goldmine is the portfolio of licences which they can get third parties to prove up and develop, gaining a free carry. How this company is not worth at least 3-5 times its market cap is beyond me.

We are on the path of being a copper producer in 2 years or less. We are not paying a penny to get there so there is no risk of dilution. Global copper shortage is a reality even in case of a generalised recession. Just buy some more and check the SP in two years

£200M = wife changing money

@Van2000 give it a rest with your deramping. It does not make you look particularly clever

Oh if Zak says 11 then it's certainly going there

The good news is that they had no issues in gathering the required funding but communication needs improving. I would have liked to hear that the retail offer had been x times oversubscribed or put more emphasis on the fact that we are now fully funded at least until the hearing phase. Some interviews or meetings with investors would also help a lot lifting the SP. I understand that they are probably busy submitting the claim but I expect some PR effort soon after that