Member Info for OrangeMoon

I can't remember the thread it was posted on before... 'No RNS issued today so far'. Seems odd. Could also be a prequel to accepting bid... Take over code either ongoing or not. No need to waste time issuing these 8.3/8.5 RNS when then next one could be... 'Reviewing offer'.

Looks like more shorts trying to close positions today... They would usually reduce over a longer period of time, but the impending date of 17th April does suggest 'put up or shut up' by Woodgroup... leaving only 12 buisness days to close out approx 28 million shares... (around 2 million per day), unless the offer comes before... which is also likely.

Could be potential of a mini squeeze here.

Just an observation.

The fact remains. The company is not in distress. All issues within the report were know in Febuary and the material impacts too previous years statements do not influence cash generation going forward. < This was the main concern.

Sidara are still weighing up options. And with consideration of the above, a bid is all the more likely to be made firm any day now... the reduction in shorts also suggests so.

If not, Wood still have plenty of time to refinance debt and have alot more headroom than those spouting administration. If Sidara do not place a bid this time round, they won't be entertained again. It costs to much too be a tyre kicker in this game.

Sidara are looking into the future and the requirement for large scale engineering projects has never been in higher demand. Historical accounting errors make not much of a difference to Sidara. The review is out. The cash offer will come.

Indeed. The bad news is out. They will reduce exposure in the event of first bid. Hence all the parasites choking up the bb today with FUD.

The good news is: The bad news is out of the way...

The only thing left remaining is whether Sidara re-firm their first offer ... I don't see the BoD having a choice at this point other than to put it forward if received. They had their chance to turn things around, they failed. At this stage there is no treatment for the wood rot other than replacement.

Sidara have shown WoodGroup what a real professional Engineering company is made of. Complete egg in the face for Ken and his Cronies... Who's the Del Boy now Ken?

Stating Geopolitical tensions was a clear cover to save face for Woodgroup with regards to their own missdealings which I suspect Sidara uncovered the first time round.

Got to give it to Sidara, they are in a different league. No woke nonsence, No DEI bull*hit... just straight business.

It's of no surprise they will let this information filter into the share price... the ball is firmly in their court.

IMO A bid will be forthcoming. One of which I belive the II will call the shots, and leave Del Boy (aka Ken Gilmartin) out of it.

I remain confident that Sidara will place a 'firm offer' for Woodgroup once the Deloitte report is complete/partially complete. I will not speculate a target offer price however I will say it's far north of here with known public knowledge.

Sidara have already given WG an offer (subject to conditions) - This offer was enough for the BoD at WG to allow Sidara confidential access to view the books once again to make a final decision.

If the Deloitte report comes back satisfactory, as the BoD have confidently stated (there is nothing to worry about), then Sidara will 'place' their firm offer and the price will re-rate to such price until conclusion.

If the Deloitte report comes back unsatisfactory, then Sidara do not have to make this bid 'firm'. However, this doesn't mean to say they won't lower it.

Not telling anyone how to suck eggs here but we all know why shorts are in play here, the data.

The main question to be answered for anyone looking for an entry, is whether Sidara will confirm their firm bid after seeing 'enough' of the report being 'positive' which will complete a firm bid prior to report being released... or whether they will allow any negativity of the report to filtered into the market first, to allow their first offer to be reduced.

For me, I'm holding firm. I couldn't say either way which way this will go, i've not see the report (obviously). It's been a very tight ship and everything depends on the Deloitte report. All I will say is - I'm glad that I'm in and holding strong.

Sm66, (not to point out the obvious here) we are currently receiving the 8.3 disclosure forms during the takeover period. It won't be a hard task to calculate who has decreased, as well as your mentioned potential increase in short positions. Friday was one of the biggest daily drops since take over began, however there is no hiding from these disclosure forms.

For what it's worth, the last few takeover shares that I have been involved with have always extended on the last day. Therefore I am also expecting an extension, which will only prove to be a sign that Sidara are still interested.

This takeover approach cost WG & Sidara a combined £10 million last time round, a cost which woodgroup would not be entertaining if they felt there was no serious bid incoming.

The suggestion that the offer 'must' come before 24th March has no merit. With companies under the take over code - extentions are normal.

If an extension is granted, then Sidara are still interested and I would expect them to be until the review is finalised.

The narrative of 'the deadline' here is quite misleading, as is thinking that there will be fomo here or traders having an impact on SP when the share is held mostly by institutional investors.

I say this for balance as there is alot of wrong narratives or atleast misleading information on this BB which really serves no purpose.

I do hold here and am expecting a bid from Sidara, but not until the review is made public, which I do expect to be made soon.

The only prelude to this scenario would be in the form of firm offer subject to pre-conditions, but again... what purpose would this serve other than to temporary boost the SP. An extension is likely to come Monday, and should have no bearing on the price other than to say Sidara are still interested.

Ingomar still a very interesting prospect with respect to Hydrogen within the Flathead, a JV may well come into play before June/July. As Bo said, there has been alot of interest due being the largest discovered % in the USA - It's all the rage right now.

I would like to see figures with respect to Heilum sales or atleast an offtake agreement for the first year that supports the company becoming self sufficient. This is one of the most important economic factors for us moving forward into prodution. Good question at the end of AGM regarding company innovation and industry challenges - who ever that was.

With so many other companies exploring Helium, one of HEX main advantages is being first mover. Albeit Summer 2025 or end of it... this will be a key factor. If we can't achive cash positive generation with the team we have and the efficiency of work... God help the rest of them.

Worth the wait IMO.

@johnyCL - The two scenarios I can see:

1) The Deloitte review is published at 7am (fair for all to see), and a subsequent RNS from sidara before 8am.

2) The review coming back as positive, therefore share price should go up on this basis alone.

Other than that, woodgroup will be defending or accepting an offer once all cards are on the table.

I don't understand the thought process of why a bid must come before the first allowable extension. Is this just to create a sense of missing out?

Why would Sidara put in an offer prior to the published report?

I do not see the rational behind this. If the report is bad, shorts will get to exit, and Sidara can make a fair bid based on the review.

If the report is good, then great. Shorts will burn. I just can't see a bid before the report is in our hands to make the correct decision.

Why would Sidara put in a bid prior to the report being published?

What advantage does this give them?

Any bid made will be on fair value. Which can only be done after the skeletons are out of the closet. Hopefully the review is just full of cobwebs, but Sidaras offer will only be made with respect to this IMO.

Results from Acid Stim (Ingomar) due around the end of next week - 28th February, possibly into the following week should the weather have impacted scheduled dates as already been pointed out.

Would be good to see this firmly back in the 20s, however if results are good, I'd be looking at all time highs as a target.

Tomorrow, 16p is going to look cheap 👌...

This shouldn't have been bellow 20p, Ever.

From the drill cuttings (helium mud shows) logarithmic graph (Investor Presentation 23/09/24) it shows Charles formation as being more potent (higher ppm) than Amsten. 2ft of atleast 600ppm-700ppm at Charles and just over 200ppm for Amsten.

Looking at the same graph, the Flathead has more frequency of shows, but of less potency (less ppm) than the Charles.

This would go along with the theory that "Results imply that high grade helium could be confined beneath the Amsden formation, with gas present migrated from a different source"

It could be the Flathead... but I wouldn't rule out Charles this quick.

Darwin#1 (Rudyard) had 1312ppm through Drilling muds and ended up with 1.1% Helium.

Top 3 Hydrogen Companies in US by Mcap:

Linde (NYSE:LIN) Mktcap: 225B USD

Air Products & Chemicals (NYSE:APD) Mktcap: 61B USD

Cummins (NYSE:CMI) Mktcap: 42B USD

Either a JV or sale of our Hydrogen in Flathead... I don't see us going it alone with Hydrogen.

This avenue could be very profitable for the company. Another revenue stream or one off sale.

*Clean not Green*...

Top 3 Hydrogen Companies in US by Mcap:

Linde (NYSE:LIN) Mktcap: 225B USD

Air Products & Chemicals (NYSE:APD) Mktcap: 61B USD

Cummins (NYSE:CMI) Mktcap: 42B USD

Either a JV or sale of our Hydrogen in Flathead... I don't see us going it alone with Hydrogen.

This avenue could be very profitable for the company. Another revenue stream or one off sale.