Member Info for oilriches

Looking much better here. Fully funded and ready to go.

Better liquidity and limited shares in float is a perfect storm. These should be over 200p next week.

Phone up the broker or put a buy order just over the current ask. Its going to be trading much higher next week.

I hold just under 3% of the company. Holding for the bigger returns over the next 6/9 months

There is a telegram group that has all the bigger holders if you want an invite.

Hi Manlord. Welcome to the junior market upcoming bull market. Palm raised £1.1m in Feb to undertake (1) CSE listing (2) wishbone and awkward drilling (3) recovery testing of the magnesium at dotted lake. There is ample funding for the near term and to complete work program(s). Any future funding can be done via flow through on the CSE at a 50% premium to the market price. Next steps for winston is the MRE and obtaining debt funding (note that the company already have traxy as an offtake partner to sell the commodity and assist with getting debt funding. Good luck if you do buy into palm - i think its on the cusp of moving up significantly higher soon.

It looks very cheap hear. I suspect money will flow from the likes of KEN, GWMO at some point.

I think you will find they have a 6 month notice period that will need to be paid.

Now is the period of news flow. Good opportunity from these levels

This breaking into the 90's tomorrow

The media really cannot help but try and hammer the company.

4% up to 2% down in the space of 10 min.

Source: Bloomberg.com

https://share.google/W2fU1bhoiLMdYEKyu

Plenty going on in vistry. I am finding the share price action very frustrating

See this one bouncing back up somewhat from an oversold position.

Never say never on the share price. I think we get a bounce soon.

The company have a net asset value of over £2billion and net debt at £140m. The business is still very profitable. The YE results created uncertainty on the margins and capital returns in 2026 to be focused on debt reduction - I think thats the right choice. The market was spooked by the ceo retirement i would say also.

There was obviously going to be a slide from the YE results that has been exacerbated by the Iran situation.

My take is if the company was so hard up why would it still continue with the £29m share purchase, they obviously want to clear some housing stock to enhance cash flow. There is £37billion pounds worth of contracts to compete for in April and an already order book of £4.5billion.

This will turn and by September maybe back to the £6 mark.

Trump already looking like he wants out of Iran over the next few weeks

In the context of Vistry Group, "average daily debt" (or average daily net debt) refers to the mean amount of money the company owes (minus cash on hand) calculated on a daily basis throughout the financial year.

Investing.com

Investing.com

This metric is used to measure the company's borrowing levels throughout the year, rather than just on a specific reporting date (like year-end), which is crucial for a business with high working capital fluctuations like housebuilding.

Took my first £20k. See it dropping further but this is a starting point. 2-3 months these will be trading much higher

Thanks Laura. Maybe a new ceo is not a bad shout