Member Info for panman

Can't be long now til the water permit arrives. maybe the market will take notice once ops start.

Since they've taken 6.5%.Presume this is them..

https://hot-rocks.co.uk

"Especting approval anyday now" was good to hear for the water disposal well. All systems will very soon be go then!

No that was half the message..

" nothing substantive has yet come to fruition and there is no guarantee they will within our current cash runway. "

No point OSD. Followed you over here just out of interest really. Just seeing what you thought a good stock.

Haven't looked here for a long time. What news are you expecting next week? I've started reading the interims and with half year revenue of £587K and an operating loss of £5.88M couldn't see why you were here? Cash end March of £4.26M after a 7M placing Jan seems to indicate they burn through it pretty quick too?

Chairman's comments don't instil much confidence either?

June 30th

Commenting on the results, Iain Ross, Executive Chairman of Oxford BioDynamics, said:

"The bedrock for the commercial success of this business and the source of vital non-dilutive funding will be through "doing deals" and I am confident it is not a case of "if" but "when". However, I can confirm that although we are in several commercial discussions with third parties, carrying out in-house evaluations and remain optimistic that product, technology and data access deals can be signed, nothing substantive has yet come to fruition and there is no guarantee they will within our current cash runway. Accordingly, we will now take steps, in liaison with our shareholders and advisers to 'right-size' and preserve the integrity of the business."

Not deramping with the above that was just me commenting as I read through the interims so apologise if it seems that way. Have stopped reading now.

Hope you do get news this week and its very good but will watch rather than buy for now.

A bit of a clue may be to release the figures that they say should increase the price by 69233.33% - rises and falls in the Sp are attributed to by various factors.

Considering that the SP has dropped considerably in the past week alone is a clue !

I'd say point 1. Their last no's stated funds were very tight and they were dependent on funds from OO this year re being cash positive.

Likely they didn't have the funds available to push Inentechs tech in these MENA licence areas.

Made the most sense to me?

Agree re the no interest and the risk however good to see Nick's now taking salary in shares. If Rost and the RTO doesn't come off he loses too and call me an old cynic but don't see him allowing that to happen so ok with being patient here a while longer.

Missed your post trek and yes for it too esp with the "no leverage" to do so. Don't need unnecessary risk whilst building the treasury and doesn't sound like they need leverage anyway from the RNS.

Not a bad update imo. All proceeds from mining BTC to go towards buying BTC as well as 50% of all surplus cash from helium production which they expect to be prolific.

Should build their BTC treasury pretty quick here imo.

You'd hope so that's for sure. Share price at the moment seems to suggest the market has no trust in the co. merging and coming to Aim, no belief in Rost 1 producing at the levels predicted and no faith whatsoever their BTC mining and treasury plan will come to fruition either.

Water permit round the corner so will soon know on Rost 1 at least I guess.

Looking forward to the gold pour. Be good to get confirmation that the higher grades have led to higher production. If so may finally get that recovery we've waited seemingly forever for.

Didn't they state they expect 1 in 3 for tenders going forwards? If so not a bad no. given the pipeline they have ahead. Agree on the cautious approach though. Let them prove they have a handle on business and accounts before putting too much trust in their words.

Good to see the bounce held and on very good volume too. See what tomorrow brings.

Or I was just having the crac. Recovery continuing so far today anyway. Only 5.77% down now on advfn lot better than the 14-15% the previous poster noted.

News by Thursday sound ok, not too much patience needed for that one. Wonder if todays mark down was for that large rollover(presume thats what it was)?

Perhaps you should sell right now osd. You seem very negative and being scared of a 50% drop from 2p seems daft to hold.

What if we all listen to you and all sell at 2.001p you'll never get out then and likely end up selling at the new all time low of one quarter pence. (or below)

Don't let that happen conserve your capital and get out now!!!!!

Watching the bounce with suspicion. Noted the bearish views on the chart here but seems to be finding some support at the bottom of an ugly channel. If today's low holds could see a spike back over 4p soon enough.

Any more news on the BTC strategy due?

Appreciate the tweet but couldn't see anything there? Is it just me or should they be saying the facility "will" sit on the 20 acre site?

Looking a my news feed I'm showing a dozen shares in a row suspended this morning for not getting their results out on time.

GRL didn't do so bad after all in that respect.

Thats a better header. lol