Member Info for mbingo

Problem is that this is framed as good news but it’s a massive about turn and the major opportunity being City Oil is no longer happening, and the major backer is no longer around. This was the basis of my investment and now why I’ve reduced some. (At a loss). Hope the plan becomes clearer and/or some leadership…

M2G revenue is approx £1m/year, but has seen material uplift in recent quarters and margins at 60%+. Company plan gives them a “ Significant strategic opportunity to accelerate deployment of M2G platform through established commercial relationships” via Haydale. What we don’t know is the upside opportunity from that. They own 33% b.grn, what’s that and their non core ops worth? current cap at £1.3m. Not much downside from here, hopefully will become clearer next few weeks.

Tom, any thoughts on recent RNS? Slate clean for next news..?

Thanks Davey. Funny to be talked about re twitter comments. Wishing all well and hopefully this picks again.

Hi, didn’t see that trade - how large was it? Plenty of trades, lots of small lots! Look forward to the company updates.

The city oil investment at Sabien will be at 11.8p. Sabien get a 1.2% of City Oil itself who already have revenue generating agreements. Pioneering tech. Sabien get $1m per RGO and are at late stages with Midlands and Phoenix, US RGO. Backed by big oil. Big investment by the Saudis in City oil. Unique proposition.

Transformational news here - fantastic result and de-risk for Sabien!

What is the AISC at pepas? $1500 ?

I have taken some of these and plan to hold, a bit late in the day but clearly still value. Have you seen anything else junior out there with grades as good?

I picked up the 49k at 11.4.

A few more adds and hopefully it goes on a run!

Half year report was 19 Feb last year, so maybe an update next week.

I’ve been adding..

Personally, see this testing the 10 p level in the not too distant. Looking back over 5 year chart, 9-12p area was a touch point.

You’re right; one is at risk of heavy dilution/ rights issue where directors have little interest to buy. REVB is heavily backed by founders and sufficient cash/liquidity. Big difference in risk levels. At 18p/19p, this is a bargain. Could of course drop further if Jupiter need to sell more.

US$6.8Bn market annually ..

From Friday. No doubt a buyer at 160. This is going up.

Yeah, you’re right. The cash burn is actually only £0.9m from preliminary results in Dec 2020 to Dec 2021. I guess that I was look at salary (circa £3m) and other costs (1-2m).

Think the IP is worth x2 the market Cap. Problem is the monetisation of it. Cash burn running at about £5m/year. There is clearly some revenue acceleration and positive signs of increased demand contract wins. Margins are circa 50%. It would be good to see a plan to take revenue to £20m+ and growing cash position. Then we are looking at a £50m plus market cap business. I think that they can get there.

It’s priced to fail. RVR very attractive I think.