Member Info for Mikey279

I've read your posts:

"Oh hang on there’s not just over $200m debt there’s also a new $24m deferred tax bill that will eat into all cashflows."

deferred tax 'bill', what a joke.

And you clearly havent read that the debt is with the largest holder (its accruing interest on a related party transaction), not an opex debt.... which is currently serviceable as there are still profits?

But the RNS released suggests otherwise if there were fear of delist or going private it would have been mentioned but they released an operational one instead.

The current liabilities are not 1bn are they? the majority is with the largest holder, the current debt is serviceable hence the profits

There are 1.3bn or so in assets, which you convieniently leave out, I'm guessing BP are also about to go bust....?

NAV £350m and you bang on about the debt....? FYI NAV includes debt

All IMO

Please educate yourself

All IMO

JW do you know who the majority of 1bn is with....? yep the largest shareholder who have put out the RNS, a few days back saying significantly undervalued or something. The rest of the debt is serviceable and generate near 36m in profit

didn't you mention deferred tax was payable a few days back? go back to school.

the rerate will happen in time the rest is just noise....they've already confirmed all is well and no de-list or funding requirement, temporary maintenance issue but profitable 1.9 TCF and strategic discussions to unlock more reserves

Patience is all thats needed

All IMO DYOR

The daytraders probably took their exit today, timeframe was always a few to several weeks for the re-rate considering the general low volume

fundamentals are well and truly there and possibly under valued by up to 10 fold from here, so the only thing you need is patience

All IMO dyor.....1.9 TCF lol

You havent addressed the assets which are £350m higher than debt nor the $36m+ or so annual profits (on a reduced maintenance basis which is temporary)

did say give it a few weeks for a re-rate, we consolidate for the time being

All IMO

Ahahaha mans coming out with deferred tax, Christ probably should research that before spouting rubbish

Profit is near mcap currently 0 multiple applied and 1.9 TCF…..literally blue skies

All IMO

Boring, equity including debt is worth £2 as per half year (conservative estimate of £1.50 to account for maintenance)

$36m profit on a like for like basis as per half year

Majority of debt is related party (accrued interest) so non operational

Try harder

All IMO

You were one of those in and out people Gordon, let's not pretend.

May take several weeks/months to get back to 3 digits but wouldn't be surprised at all if it were to breach the major resistance level over the next few weeks.

Ignore the noise - they've essentially cost people a 100% rise from 8p, pure jealousy and nothing else

All IMO, DYOR

Minor at 47p, 52p, 68p, then big at 75p and some smallish ones along the way for a move to 122p+

Patience will pay off, FV is nearer £1.50 or so IMO

Been waiting weeks for this breakout and called it too, see my history

DYOR ALL IMO

Who cares as bout debt when net assets (which includes debt) is £340m or so, plus majority of it is with the owner so it’s not a big deal, the profits can service the other parts

Said many times before it’s exactly what happened with RM massive drop on liquidity event down to 16p to now £1

All IMO

Back to Triple digits in several weeks IMO

Equity value should be nearer £1.50 from (£2) with the revenue decline but only a temporary one due to maintenance (?)

All IMO

These guys release like 3 rns a year and has minimal volume, so likely a sleeper share with no liquidity until the liquidity event happened, pr was probably sleeping as nothing was ever done

Research on how much 1 tcf of gas is worth then realise there’s 1.9 tcf worth

Then look at the mcap and possible re rate in front of you

All ImO

No such thing as a dead cert, if that rns was released it would’ve dropped to around £1.60-£1.70 from £2 no doubt maybe overextending to £1.40 before ‘overdone’ traders come in

What happened instead was a drip feed on no news and volume with a kitchen sink at 5p or so before the MMs finally churned it a few days ago, then there was panic of de list or someone with inside info bailing

Then a massive reassurance rns today, let’s see what happens next….

The mother of all re rates back into the £s hopefully

All in my opinion

42m x 85% margin is still a profit …? Once maintenance resolved then revenues back up….

How about get on a plane and help with maintenance? Least you can do after scaring people out at 8p, costed many hard working people and families trying to make an honest living in the cost of living crisis with your 5p bs

Move along

All IMO

Happy for you to do the maintenance instead of compensation, move along u donkey

All IMO

Apply the margin as per half year report, do you need help with a calculator?

26m revs 22 profit = 80 ish %?

Whats that on 42??

Pay people back for your FUD at 8p please, cost them over 60% already

Damn

All IMO

Here you go you bell, do the maths, revenue to profit is around 85%?

Consolidated reported adjusted revenues, operating profit and profit before tax for the interim period ending 30 September 2023 were US$ 26.18m (US$ 27.42m interim 2022), US$ 22.61m (US$ 22.72m interim 2022) and US$ 22.63m (US$ 22.68m interim 2022) respectively.

Bell.

It means there’s no delisting or something sinister, it’s still generating $36m in profit and it’s a response with a bit of strategic unlocking and a significantly undervalued statement

The market liked it, like I said where’s the compensation for people that missed out from 8p due to nonsense FUD? Hope you’re looking out for them ?

Rockets next week and eventually back to triple digits

Said all along it was a liquidity event, but a small hiccup and revenue drop didn’t justify a 95% fall did it…? Maybe 40% at best

All IMO