Member Info for Medjed

“ Rampers eagerly waiting for their exit price”

Not just rampers, anyone ‘investing’ on AIM should have an exit price in mind. Just look at the history of most AIM stocks, those who didn’t get out on the big spike must have regretted it later.

Its never been at £1 a share lol. Do you mean 1p?

Share price was never 12.50 of anything. Pounds or pence.

Do you mean 0.125p?

JB you can literally buy a million shares on IG right now quote 3.45

Is the current mcap on google wrong at around £200k?

There are 18.5 billion shares at 0.0044p should be around £800k?

If net assets are around £14m there’s a massive upside here?

I need 0.022p to break even if it can get back to anywhere near that I’m out lol

Anyone? anyone? Bueller?

Lol even BCE was valued at mcap £20m+ before they even started pumping oil, and they were expecting a max of 200bopd.

MATD current mcap is a huge joke

Lol Gusto upping his doomsday prediction from 0.5p

Up 100% already

🤣🤣🤣

It was reported in Reuters no less.

With the BRICS block split its going to be a massive grab to secure resources by the two blocks.

Hello! Have you not been reading the news?

There were rumours in the news recently about oil price and that it could go as high as $300 per day.

So just hold tight, oil price is bound to go up soon. Maybe not $300 but I bet $100+

All this bad news makes me think they dropped the price to scare PI’s and let mates in on the cheap.

We are producing!

COPL producing 1000 bopd had a market cap over £100m before Anavio started shorting and diluting.

MATD if it gets back to 800+ from one well should be worth at least £100m

“Therefore a 4p deal when and if it comes will look better than…”

4p deal? A bit pessimistic?

That would only be a £60m mcap, very lowball.

I would expect at least a nice round £100m surely

All you have to do is read through past RNSs to know the number if shares during each period then multiply by the share price during that period.

For example at the sp peak on 21 April 2023 there were 22,584 million shares in issue.

This represents a mcap of £225.8 million

“ And by the way - the recent house price inflation started in 1997 - house prices tripled in the Blair/Brown years.”

Whilst free for all mortgages did have something to do with it, I think you will find over the long term house prices are static. It is the value of paper money which has collapse due to colossal money printing.

If you compare for example two age old commodities, property & gold, the house price today is static historically when its value is counted in gold.

Some people also like to give the example of a horse :)

Same thing. An average horse used to cost roughly one Troy ounce throughout history, but in terms of paper money its price has hugely ‘inflated’.

Sorry for interruption please resume normal service.

Hi Adw198,

Why do you keep banging on about a 200bopd flow rate with a 0.3” thats 7.6m! Diameter choke fitted?

The RNS clearly states this was for pressure testing purposes. The real rate must be much higher than this highly restricted rate trough a tiny tube.

Do you have any sensible comments as to why the flow rate should remain at only 200bopd after that tiny 7.62mm pipe is removed?

Google is your friend:

“ The diameter of the production tubing in an oil well is typically between 1 7/8 in and 2 7/8 in”

That is considerably more than 0.3”

;)

Even the lower end of production pipe diameter, that’s a cross sectional area 39x greater than the cross section of the 0.3” test choke

Adw posted this but apparently couldn’t read.

The 200bopd was the rate during pressure testing with a 0.3” testing choke. Why would you leave a test choke in place when commencing full on production lol.

“The peak production recorded during the test was 821 barrels of oil per day ("bopd"). For the main flow period, the well was choked back on an 0.3-inchchoke to optimise the collection of pressure data. Through this period, the well flowed at an average rate of 200 bopd with a well head flowing pressure of 250 psi“

Its not about share price but market cap.

GKP mcap =£272m

Either this is so good it is being held down to allow mates on before being released, or something dodgy is afoot.

The share price action has been a total joke.

I hope we find out soon.

Genuinely surprised, Raydaar, that a person not holding any shares in a company, nor any short position, therefore no financial interest, would spend every day continuously posting on the chat board of said company.

Why would they do this? Do they do this on chat boards of other companies they are uninvested in also? Do they have nothing better to do with their time? I can think of a million things more fun that posting on the board of a company I have no financial interest in, but that’s just me what do I know :)

Lets see what happens at 9am when city boys get to work.