Member Info for Mephistopheles10

Signed in Putin's blood?

At the worst, they could hive off the Russian operations and keep the North American operations. Just a thought.

Maybe they are being turned around for a war with Georgia, now that they have asked to join the E.U. immediately. That should please Putin, NOT.

https://en.trend.az/scaucasus/georgia/3563405.html

Maybe something to do with it, but not certain, never used a non UK bank

https://www.theguardian.com/business/2022/mar/02/russia-sberbank-pulls-out-of-europe-after-facing-failure-amid-sanctions

For fans of Technical Analysis, it is worth a look, Bushveld starts at 2.07. GLA

https://www.youtube.com/watch?v=o17Q-mohvwI

Sorry to see so many people buying in at the high, but if you look at the chart in Feb 2021, it gives a clue to how this share performs until it is revenue producing, like a lot of exploration companies it will be used by rampers and short sellers and day traders to manipulate the price to make quick profits. Long term holders are a different story. GLA

I have to say their meals are quite good, but the company spent a lot of money on TV ad's rather than specific marketing. It will always be an uphill slog to sell meals delivered to your home with so much competition, a presence in one Supermarket like Waitrose/Sainsbury's or health food store which may be the type of market they would appeal to, might be the only way they can develop the business, otherwise they are never going to get the scale to be highly profitable and repay the shareholders. Certainly an 85% drop since flotation is not something to be proud of, and asking for more money shortly after flotation shows some naivety or lack of planning. Better buying the meals than the shares, but who knows, been wrong before. GLA

You have to work out how much are fixed costs, which decrease as a percentage for each £ of increased revenue they create. Once fixed costs are covered then only the costs per revenue items increase, which should mean profit grows more as a percentage as revenue increases.

Agree, time to show some confidence in their company, director buys, large ones, and share buy back programme, and I am surprised Softbank haven't been yelling this to them.

Look on the bright side, at least your not the advisor at Softbank who recommended sticking $1.6bn into this wonderful asset................if you are I hope your next job works out better.

If Rio can't develop the Serbia mine, then they will be looking for Lithium assets elsewhere, if a license is granted to Savannah, then it would make an attractive target................IMHO

Given the shares were suspended on the 1st October 2021, all the delaying tactics, are just playing into their hands. Given the shares are listed on the London exchange, a reporting of the shady dealings perhaps should have been referred to the SFO, as I suspect we don't have half the information we should have. IMHO. GLA.

If Rio Tinto are having such difficulties with their Lithium mining plans in Serbia, given the number of protests, if Savannah get the go ahead, I wouldn't be surprised to see this company snapped up. GLA

The China property loan book is only 0.5% of loans but 81% of their profits come from China and North Asia, so any economic impact could hurt Standard if the contagion spreads from the property market. Standard have had a good run recently, but it is worth keeping an eye on developments in China, slowdowns, property company difficulties, etc. GLA

Keep up the early morning reports, plenty of people (Insomniacs) like me around to read them.

Sorry to hear about your NZ trip, but as for names, plenty of alternatives still available. Theta Zeta Beta Delta variant, Alpha Epsilon Sigma Chi variant, and so on and so on, using two, three, and four letters will give limitless possibilities, sadly. Hopefully someone will introduce a rule to limit the names to just one letter.

Thanks.

I use Motley fool, as they are good for pointing out shares that are moving, for better or worse, and for highlighting red flags, otherwise I don't take the advice on whether to buy or not. That decision is for investors to make.

Hopefully the court fine will be reduced for Cineworld on appeal, and the Omicron variant will soon pass it's peak, and things can return to normal. The biggest concern I have though, is still the mountain of debt, and further interest rate hikes, with an interest bill in the last accounts of £594m (adjusted accounts) and £712m (IRS 16) with interest rates at historically low levels, this will slow any recovery in profits, and reduce the possibility of reinstating any dividend or returning money to shareholders in the near term IMO.

A lot of companies with mountains of debt will start to struggle with inflation and higher interest rates.

This has to be the most ridiculous RNS I have read in years. They have enough money to cover the repayment of bonds, and some spare, so could start drilling early next year, and if there isn't sufficient funds for any reason, to cover the final bond payoff by June, I am sure there would be other ways of raising funds given the potential of this field. They are either just throwing in the towel, or trying to pass on this field in order someone else can benefit, for some reason known only to themselves. Given the history of this and other oil companies who remain nameless, there maybe someone benefitting, and trying to shut out the shareholders again!!!

Are they trying to tell us that no one is interested in Oil development, whilst the world is consuming ever increasing amounts of it, and South America is auctioning off sites to the highest bidder, whilst the price is at this level, just pure nonsense. It will take decades to switch from oil, as the world is dependent on the petrochemical industry, since the computer I am sat at is made of plastic, and not wood, my food comes in plastic packaging, and EV cars, trains, buses, are stuffed with plastic.

I am not sure what people are thinking, and even less what this BOD is thinking, but I am glad I am not thinking it.

Providing the debt and negative cash flow, along with interest rate rises and restrictions don't require a refinancing of the company first, that is a big IF, in fact I can't find a font size big enough for the IF.

Well lots to digest in the latest release. The main points that caught my eye were regarding the Cash Offer or Class B shares. It isn't clear when they say Class B 40% holding in company, what would happen if they don't get a big enough take up in the shares. Also Dividends at 90% of total dividends would be applied to Class B shares, but they haven't paid any dividends I am aware of, and have not guaranteed any payments. Also no stipulation on how license for OPL310 license is to be funded or any indication of costs (payment in yet more shares, or loans or cash payment, though if they spend it buying up shares doubt there will be much left). This company has continued to promise to develop sites, which they can do, but it may not be at the current oil prices, who knows what price oil will be by the time these come on stream. Finally, why are they offering £1.90 per share, although that is twice the suspended price, no one in their right mind would offer to buy something that has no value. So a difficult choice given the history and shenanigans that have plagued this company. Sadly, a bad reflection on African business that they are better at extracting money from shareholders than they are at extracting oil.

Good luck choosing folks, there was always potential here, sadly not the talent on the Board to exploit it.

Which equates to about $104m in the bank at current exchange rates. With favourable Oil Prices and a good exchange rate, this company should soon be debt free.