Member Info for NewKOTB

"confidence comes back" ..... confidence is shot in LEK atm. Only traders and gamblers will put money in here without knowing what is next for LEK. Investors are either spiked or will stay well clear until more is known about the path forward.

DD required with LEK

The next RNS may not be to everyone's liking ....

DD required with LEK imo

Yes, slightly tongue in cheek for Monday I know, although the assumption the Chinese are WAITING for the NY before commencing the formal deal process is not imo. A deal WILL happen during this coming Chinese calendar, I have faith in that.

I would also guess a lot of big Asian / Chinese backed money will start to make its way into these types of commodities very soon, hopefully mostly into ZIOC.

aimo

We know the Chinese are very, very superstitious people .....

So are we just waiting for the Chinese New Year to start on 25th ..... their main zodiac element for 2020 is "metal" .....

Linking in with the prep work of COIDIC, the FA set for a period two years as per RNS's last month ....

So offer of their lucky number, 888p too on the table ..... bang and the deal is done ..... Monday RNS it is then !

ATB

Our resident BoT managed repetitive 'A' trades 10 minutes from close to drop the price from 137.40 to 132p in ..... wait for it ....... 14 seconds.

All day the SP help firm and the Ask was pounced upon at any weakness ..... so the BoT being the BoT, decided to wait until EoD .... My guess is a larger order needs to be filled but was unable to do so .... tomorrow the BoT will have a much better chance now its be artificially dropped.

"Guys we still need the funding sorted.."

To be fair, those wanting to invest / loan to LEK are probably demanding better financial controls before they even start to talk imo.

Hence this now being put in place to see exactly the state of affairs .... clearly lacking until now. What will this uncover is the question and will also take time to implement too.

more expenses with money LEK haven't got ...

OK, now just shown up ... although shown as SELL .... lol

Likewise, although my topup at 11:40 not shown on either LSE or NEX ?

Ask is taken quickly when dropped.

Think this story broke on the 16th .... if there is anything in it, the SP is taking time to gain traction.

I'm really not sure how this will play out .... guessing the less people in the know, the less chance of a leak .... so we could very well have an 'out of the blue' RNS and trading suspended. After that, who knows !!

atb

Does it make much difference, our accounts have shown incredible figures even with NI protesting 'the end is nigh" for months on end with his quotes of 12 year lows .... we now have and additional 20% uplift in revenue from our BKR PSA improved efficiencies and a BoD that has shareholders interests at heart with maiden dividend in coming months. Oh and not forgetting the hedges in place as per last presentation.

You have to remember the reasons why SQZ have done well and will continue to do so, against a backdrop of difficult times for ALL gas plays ....

d220,

This is true, although it sounds like it's suitable for yourself regarding IHT may not be for others. Don't forget that dividends are taxable (above allowance) if outside held outside of a tax-efficient wrapper, up to 38.1% atm

https://www.gov.uk/tax-on-dividends

With the Hardy's, a major beneficiaries of SQZ rise in SP, would they have any influence in this decision .... hummm !!!

Probably not, sure their tax 'planning' is way more 'professional' that majority of SQZ holders.

You may need to check this for yourself, but I think that to qualify for 100% tax free IHT on AIM shares at point purchase it must qualify for BPR. Now one criteria was that the stock can not be listed on another exchange. SQZ left the Canadian exchange in, I think 2015. So if purchased before this point there may well be a qualifying issue. Just a thought!

**Please do not take this as professional or financial advice.**

atb

Sasa, main market move would be a major plus in my book, very underestimated imo by the PI's, something I would love to see happen this year.

“I do believe in fairies, I do!"

sasa,

With you on that one. 4/1p split as I mentioned in an earlier post.

The fact that divi's are to be announced will attract real investment seeking funds, has to be good in itself.

As shown in the Jan presentation, SQZ has more than plenty to be getting on with to add significant value without the need for an acquisition.

Although, we are all wishing for another BKR style deal ..... our BoD, blindsided us once, they can do it again.

atb

Negotiating from a position of extreme weakness never works out good, no matter how good the asset is you are selling.

LEK's licence could be the fire sale of all fire sales. All hinges on LEK's next move, time for the BoD to step up !!

Last six months SP has average circa 4.8p, with recent events holders would most likely averaged down to circa <4p. Unless they too got sucked in by the master scam !

My guess is 3.8p max, will be the sell off point for traders, so assuming they don't want to be in over the w/e, 4p may be possibly hit today pm, all be it very briefly.
Should 4p looking like a struggle, then the ones wanting to exit will, regardless of price.... just want out before w/e

aimo and atb

Think you need to look at SQZ too .... see their Jan presentation.

HUR are a good company but imo, SQZ is better. Might be worth being in both .... merger of the two is more than possible.

atb

My money is on a 4p initial dividend to announce to the market .... SQZ are here !!!

Interim of 1p to follow.

Out of the park curved ball, could be a special one off dividend return of capital to shareholders .... now that would be something to grab attention of dividend hunting fund mgrs.

Must remember that dividend payment provide some stability for funds and hence are looked upon favorably by their mgrs.

atb

Held well again today ..... (-0.7%)

Noticed the large 50k and 100k share buys. Have not seen these size of buys for a very long time.

Could we be attracting dividend hunting funds at last !

atb