The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Sorry - ‘What’ other operators hold reserves near the IOG blocks/ pipeline?
Acquisition strategy likely on the cards - very interesting article especially when IOG already validated her his strategy with the approach of Deltic. Why other small operators hold reserves in the vicinity of the IOG blocks ?
PS thanks for sharing Lemming
Useful page to check out the competition (AATAC Preferred Vendors)... no sign of Chill\ Zoetic added yet though?
https://aatac.co/health-beauty/
Thanks Obstando- very interesting to know that.
I welcome the levelheaded approach. I would like to see more transparency concerning the finances and actual volumes sold- I’m also wondering if there’s enough cash to scale up production. Sorry if this sounds negative and I do hope the directors pull it off. The scale of what they’re trying to do is commendable, but it’s going to need some serious cash injection to justify the current mkt cap
Hi- a step in the right direction for certain. The RNS is indeed positive but it concerns me that one of their leading competitors did the same back in 2018, but went further by stating they were starting with 10,000 stores which also extended to providing training, specific shelf space and etc.
Check out this link out of interest: https://www.businesswire.com/news/home/20190604005383/en/Harvest-Health-Recreation-Signs-Landmark-Agreement-to-Distribute-CBD-Products-to-More-than-10000-Retail-Stores-Across-the-U.S.
Ahem....Strabag NOT Stalig....
Apologies if already posted-
Stalag earnings call from August- interesting mention of their involvement with Sirius contributing extensively to their special projects division......potential to get financially involved to a minor degree? If they are already investing in the estates, and competition for tunnelling projects has intensified, then additional value could be achieved by partial funding and maximising returns over the long term?
https://finance.yahoo.com/news/edited-transcript-str-va-earnings-211137785.html
Barn- I completely understand and agree it is disgraceful. However, I feel equally as angry as I sold my holding this morning and felt a duty to post what I feel are valid concerns.
I would be delighted if the company turns a corner and LTH are rewarded (for investors and HNR employees job security). The difficulty lies with the cash burn, a litany of failed or under developed projects versus the successes, and the announcement to list in the US. I can only read the latter as an understanding by HNR that the UK market will only entertain more placing at substantial reduction to current share price.
Lastly- can anyone find out when the acreage leases were allowed to lapse. I would be very interested to know how long HNR have sat on that one before reporting to investors.
I’m sorry to say that RP is a bigger ramper than OSG. The wording of the many RNS regarding the accumulation of acreage, new water division, actively seeking buyers etc etc.
Further red flags were the sudden RNS announced regarding CO2 right on the coat tails of the media announcing there was a shortage ( now not viable!!) and now another RNS and new division coinciding with the boom in CBD.
It’s evident that there is a high degree of opportunistic behaviour and one must question the timing, logic and language of such RNS.
The admin costs are brow raising- although RP owns a reasonable percentile of the company, a good RNS to release right now would involve him and all the top staff foregoing salary (or at least a healthy proportion) for share options instead. Otherwise, it gives the impression of a lifestyle company and unfortunately, a company that is opportunistic and without a clear, focused and maintained strategy to return maximum returns for shareholders. Perhaps HNR could focus on a Ritalin alternative, god knows they would benefit from it.
I understand folk will say ‘ but the new venture and seeds will return millions’......perhaps, but do bear in mind they couldn’t even arrange a Farm out for CO2 when there was a shortage, or to sell their premium high grade Organic Nitrogen when it is such a scarce commodity.
Long story short- if other business’ won’t invest or have reduced their commitment- why on earth as a private investor would you invest in this company.
What an RNS!!- 10%-15% up tomorrow??.
JJAL- agreed, nothing new in the rns. I suspect however that the drop in share price may be attributed to one poorly used word by Robert:
"We are expecting to have eight producing wells on the project by the beginning of 2019 and, assuming the new wells perform in line with the first two wells, our 7.5% share of revenues will fully cover all of our overheads”
Investors do not like to ‘assume’.
Myosotis...thanks for the encouragement and link, very interesting to see that ( mental note- stop relying on RNS and unofficial ‘jounalism’ websites and check the SXX official website more often)
Regarding the TorP on the SXX site- I’m in favour of under promise and over deliver!
https://invest.great.gov.uk/documents/5/Northern_Powerhouse_brochures.pdf
Page 48-49: 4.4Mpta (5.5 if max options taken)...note African Mpta not added (peak 5.8Mpta?)- last SXX RNS (Nigerian TorP stated peak sales 4.7Mpta: where have govt got their figs from.....?