Member Info for Odysseus07

Sigh. You mean the Croda deal that has been "this Xmas" for the last 3 years?

Look. face facts. Nearly 70% down after dilution and a BS acquisition that the market clearly thinks is awful.

SA - how exactly has he been a good CEO? What has he done? failed launch - marked by his own targets; poor sales; busted share price and poor and delayed acquiston.

Ho has he been a success? time for a new CEO

@toyin - what are your thoughts?

Bought on Friday....

I bough in now due to mine hopefully being up and running end of this year...but now just been reading about the demand for lithium being more than met by supply for the next two years and the lithium price is crashing... $1100 by end of 2025. an all time low.

That cant be good for this company DP when the mine is built and open :(

Tempted to buy £5000 at 0.23 p not 500 lol.

Im a long term holder.... and so had resigned to losing all my money. So this is provisionally good news. I hope the wire-logging confirms a great result. I need this to get to 8p and then my losses will be small. I was tempted to buy £500 at 0.23p, but then didnt want to kick myself again if that money also want. Wish i had now, as would then be more or less de-risked by selling the same amount now. Hey ho.

Still annoyed i was so screwed by the financing dilution. I hope we get a confirmed find and then over the long term, thsi should get to 5p and then my losses will be less painful. Totally ideally, we get to 10p and then no pain left (except from the hindsight of buying at 0.25p.... £5k at 0.25p = 20k at just 1p.

Hey ho you win some and lose some i guess. Mining stocks....

At the start of November the SP was 30p. Then the dilution and then this delayed acquisition. And look at the market response. Now barely 11p. almost 67% decline in a quarter.

Are people still saying SA has a great plan? Honestly, i think his reputation has nose dived, now seen as ineffectual and just a blagger. What has he achieved? Awful sales, poor forecasting, hiring a CFO who was late in submitting financial records, having no marketing plan "we don't need marketing and don't want a news-based share price company". poor investment in social media marketing.

He needs to be put on performance notice - by end of Q2, a clear plan, SP increase and robust business plan. I just don't see it. And the SP and investor sentiment clearly agrees. I hope he takes the disappointing results for the past 2/3 years full on at 10.00.

The people who still support him, who were saying "ok, the deal is delayed for a bit, but wait, this will be transformational". can you let us all know - was this what you had in mind? if not, what are your explanations? This is a disastrous performance and SA either needs to improve or be held to account. But who will at SBTX? I don't see a strong leadership or check to hold SA to account.

This is my point - several things make the company and management look amateurish and un-proactive. Whish doesnt bode well

Thanks Toyin. I know all that... it just always seems to never be delivered. And after a while it decreases confidence.

I did mean the £1.2 million. I think more than two years after launch, to still be so far from that estimate... and combined with the constant delay and push back... that does make me think "what on earth was that estimate based on". It makes them look very amateurish and basically just guessing. If thats the case that not great professionalism and so concerning.

appreciate your reply tone though. rather than the poster who said "intoxicated". Dont really understand personal attacks. But hey ho.

Good new year to you Toyin and all. I quite enjoy your posts.

1. Croda deal - now 2 or more years sicne everyone here saying "by Xmas"....ok, do we now means Xmas 2024? Or will it be q1 / q2 2024? It never seems to happen

2. "Game tchanging acquistion"....erm.... delayed due to legal issues.... will there be news? didnt SA say befeore end of 2023? Again, didnt happen

3. Sales still massively (circa -80-90%) below the pre-launch expectations (dire)

4. Acne results die in Q1 2024.... erm, lets seee or will this be delayed

Just always seems to be "tomorrow, tomorrow"... still, at least teh CO did hos filing in time thsi year unlike before... that was a joke "please sir, im new, i need more time". Good grief...,

An £18000 investment that today I could have bought for £300 :(. yes it was binary, yes I "knew" the risk, but my god.... bad raising at bad times. Why not do a bigger raise when share price was 8-10p? Looks like they gambled on Tai-3 being an unquestionable success and no major rig repairs. Both didnt come in.

Now it's all or nothing on Imbula.... if that comes in in jan.... whats are peoples thoughts? Get ,y money abck, will it bo back to 8-10p?

Still, weirdly, I feel less sick than people who got in at 6p at the raise.... people must have thought that was the low (not including any dusters).

In this link:

https://www.dhakatribune.com/financial-markets/331613/helium-one-lon-he1-down-28%25-as-we-said-those

And now we get the fuller announcement: “Onsite pressure-volume-temperature analysis of downhole fluid samples have yielded helium concentrations up to 8,320 parts per million ("ppm") helium, which measure significantly above normal background levels of approximately 5ppm”. Yes, that’s higher than background. But at 0.8% that’s really not very interesting indeed. We’d normally not bother to try to recover from a natural gas well with that sort of level. We would if that level were already to go through an LNG plant (because much of the expense of He extraction is covered by the LNG process itself). But as a standalone helium well? That’s not interesting in the slightest.

I have been invested since April 2020. Average 10p. So with hindsight should have sold before Tai-1 at 28p :). Hey ho.

Not great news but still hope. Share price hammered due to cumulative effects of set backs and disappointments. But the new site sounds hopeful. This Tai-3 wasnt a duster. And the ring will be be fixed in 3weeks or so and so, after this mini rainy season, new spud and drill by end of Jan/early feb. Before the main rains come.

So, quick points / questions from me:

1. 1% He in fluids? People here saying 8% Helium... what is definitive? no free He found/couldnt be tested but 1% in fluids. Is this good/or still not really know if free He?

2. Think there will be another rights issue? And at these share prices, painful

3. This share price at best will go to 5p once rns goes out that rig fixed andmove dto new drill site. At absolute best. the market now wants definitive drill and find.

I hope the bad luck/bad planning is behind us and then get to a binary result in second drill in Jan (hope this gets confirmed and not in May after the main rainy season) - either a find or duster.

So in a sense nothing changed. But market hammering as no success at Tai-3 after a series f unfortunate events....

People agree? can people answer above?

Bizarre that after a positive RNS on 31st August, this is now at 6p. It is binary - either commercial helium there or not. It is "de-risked" bit not certain.

But more info and better drill than last time when the SP went to 28p.... and yet its 6p. Even compared with 10p recently, there is more positive news than that.

Bizarre, but I guess that the market thinks "look, if all had gone to plan, the drill would have been done 2 years ago. Been repeated disappointments and delay, now time to show commercial He"

But nothing fundamentally changed for LTH like me - it is binary and spud by end of Sept.....

GLA!

Hi jnc. A very honest and authentic post. I feel and understand your pain.I bought during covid and then saw it rise to £2.30 ... and now significantly under. However, as part of my isa I have been buying an amount each month (not small). So still about 30% down, but happy to keep on buying each month and buying "cheap". Will keep on buying for the long-term (5-10 years). Happy there is a dividend - like you would be unhappy if that dropped.

I'm glad i dodnt buy all in at £1.20....(was tempted). Im glad im buying every month at these levels. Hold on JNC, this will be positive over the next 6 months and end of next year, rates will start to drop.... and so price should go up. Hold on for 2-3 years (if you can).

Good luck all - thoughts of others?

The RNS does make good reading. After disastrous sales to date and share price decline. I very much hope that this is the nadir.. and we can get back to 20 p (break-even for me) or 30p....

Erm.... please tell me how I was wrong Toyin and talking rubbish? I have now reached the point of not worth selling this junk.

Its still a vastly over-rated company. The reason is I have told you with the PE ratio being incredibly high. Thats fine if its a growth stock... but it's not... revenues are minimal. And so it crashes... its now burned out and not worth selling....

The croda share price is down almost 60% over last two years... you dont think this is why they deprioritised skin?? Come on. Less money and profit warning, means a re-focus to their core... and skin is not their core. It's not killing any deal, but doesnt help.

Not good medium term news for skin and they have next to no revebue form their own sales.

Not good, hence the share price collapse

Just looked at the opti share price. 8p. These companies are a disaster. No revenue at all. It's all very well launching ... but total sales are about 200 boxes after 2 years. Its not a company. It's a micro home business. The marketing is appalling and no launch plan. And just seems to be waiting for Croda. Or acne results - but again why would this be any different to psoriasis launch.

Utter shambles and amateur company. Even Toyin now seems to agree. What a farce of a company and SA will soon leave or be kicked out. It's been a disastrous performance.

"Good time to buy" lol, what a sad thing to say. everyone says that....and its now cheap? Is it? Lets work it out:

Share price: 13.45p. Market Cap: 24.4million. 2022 revenue: £39k. Thats a PE of.... 880.

Erm..... thats not cheap and by current and past performance SA really has to get his skates on! lol I dont know about you, but that level of growth with past experience of him as CEO.... erm, yeah, confident?? tell me why

Someone tell me why its cheap and why its wrong lol

Hmmmm, now 14p.... I have been a shareholder for more than 3 years.... should have sold at 71p. But hey ho. The problem is, what is this company? Yes, i see the rockets, the croda deal (been talked about for 3 years at least).... but i also see disastrous lunches.... look. the revenue for 2022 was less than 39k. But they employ 12 people. So the company has revenue about the same as a nurse but employs 12 people....

The launch has been and is a disaster. That route is no longer a viable option for significant avenye. It is almost 2 years since launch and i remember then people saying "you just wait, this will pick up when people gain experience and see how amazing it is". Well. It hasnt. No significant increase in sales and revenue for whole year less than 39k. So 2 years after launch, the number of boxes sold ... is what? 200? 300? It's pitiful. Thats why the share price is crashing.

Tell me why i am wrong and why this SP will ever get back to 40, 50 or 70p??

Hey - sorry you have big losses. I bought this at just over £2 after the covid lockdowns and it went to £3,30. didnt sell as thought "long term great and dividends coming".I know drip feed each month. Average of about £1.60.... i think this will come good. Must be almost at low now and in years time when interest rates low, and one more year closer to 2027 (when margins estimated) ... then this will recover. Long term drip and hold for me and now 4% dividends..... sell at about £4... or so.

What do people think of this? realistic?