Member Info for PortfolioPower

RNS update...

" if the Company cannot conclude a significant fund-raise, it will cast material uncertainty for the Company to continue as a going concern."

Ideal scanario would be they raise sufficient cash to pay off the 1m loan (repayment due by end of Q1) and provide enough cash cover for 12-18 months costs and the farm in goes ahead.

A few bits of the jigsaw to put together.

Present market cap 7.25m

I think they will need to raise as costs are high and not much cash held at present.

If the farm in goes ahead and they are fully cashed up would be a lower risk play from that position.

Risks at present are the farm in doesn't happen and they run out of cash so two de risking events to navigate ahead of any drilling action and the subsequent inflection points that will bring.

Expect it to be a bit of a rollaecoater

Anyone in here?

PANR now 32.5p

Mangrove are already incurring over a couple of million in losses on those short positions taken on the lows.

It's a genuine squeeze situation now if this keeps moving up.

I'm starting to wonder if it's not just all retail pushing this up given Mangrove are out on their own

Are those 'locked in :-) ' sellers close to being done?

Also that Gap close on the chart is very close to completion.

After months of draw down it could be getting ready to establishing a floor.

Top 40 shorted FTSE

ASOS PLC 6.8%

Boohoo Group 4.8%

KINGFISHER PLC 4.6%

ITM Power PLC 4.4%

abrdn plc 3.6%

Naked Wine 3.6%

OCADO GROUP PLC 3.6%

HARGREAVES LANSDOWN PLC 3.5%

DRAX GROUP PLC 3.4%

CINEWORLD GROUP PLC 3.3%

Keywords Studios Plc 3.2%

J. Sainsbury PLC 3.0%

HAMMERSON PLC 2.7%

TULLOW OIL PLC 2.7%

Alliance Pharma 2.5%

MOONPIG GROUP PLC 2.5%

PRIMARY HEALTH PROPERTIES PLC 2.4%

AFC Energy 2.2%

HALFORDS GROUP PLC 2.2%

SIG PLC 2.1%

FD Technologies 2.0%

MARLOWE PLC 2.0%

PETROFAC LTD 2.0%

CONVATEC GROUP ORD 1.9%

Mobico Group PLC 1.9%

RENEWI PLC 1.9%

TRAVIS PERKINS PLC 1.9%

DIALIGHT PLC 1.8%

DIRECT LINE INSURANCE GROUP PLC 1.8%

Metro Bank Holdings Plc 1.8%

CURRYS PLC 1.7%

JOHNSON MATTHEY PLC 1.7%

NINETY ONE PLC 1.7%

Wizz Air Holdings PLC 1.7%

MELROSE INDUSTRIES PLC 1.6%

MORTGAGE ADVICE BUREAU HOLDINGS LTD 1.6%

The British Land Co. PLC 1.6%

Victoria PLC 1.6%

FUTURE PLC 1.5%

Pantheon Resources 1.5%

Mangrove short position still unchanged since the 11th when they last increased.

Still can't understand why they didn't close back in August around 10p

In fact they were adding back in August on a couple of occasions around those levels.. lol.

SP Up around 200% since those lows and now trading around 30p

They opened about a third of their short back in December, then started adding to it around 40p Then kept adding all the way down to 10p and their last third is now badly underwater with them having to buy shares back at upto a 200% premium to what they loaned stock out at...

If this keep going up at some stage there is going to be some heavy multi million pound losses being accrued.

Can't see any one feeling sorry for them if they blow up their position.

WTI CRUDE 91.90 +1.24%

BRENT CRUDE 94.61 +0.72

Oil has its third consecutive week of weekly gains,

Falling crude inventories and the continuation of OPEC+ cuts have sparked an oil price rally that is showing no signs of slowing.

China’s latest stimulus measures have only added to bullish sentiment

Have they pushed the spread right out to give the impression the price is moving up?

What are you guys getting on a dummy sell?

New ECR video just landed on the Stockbox channel

Kev,

Yes, it would take me a long post at this time of morning. So... Quick version......

They bought their own rigs and some land.

JV didn't happen

Discoveries didn't happen

SP crushed.

Alongside the land they do have a lot of other licences to go at.

Revolving door of CEO's (one passed away)

New CEO and BoD member who has had a 20 x bagger before and a big twitter following.

Trading near historic lows.

With Doc Holiday now on the BoD I wouldn't think they will be lacking in PR.

Lol

Good to see the pro investor giving a shout out to Ceefax on the Sunday Roast podcast today.

No one had to read the tampers back in those days :-)

Also... early call on a strong Q4,...and Santa Rally.

As heard here first.

0IXT are just the London traded instruments of the South African listed company Latecoere

Latecoere have done a 10 for 1 share consolidation today.

That something is simply to declare that 10 old shares are now one new one - a one for 10 reverse stock split, or consolidation: “... the reverse stock-split will result in the exchange of ten (10) existing ordinary shares for one (1) new ordinary share.

As this doesn’t change the market capitalisation of the company, just the number of shares that make it up, this means the share price reacts mechanically - up 1,000%, or 10x. It’s a purely nominal price move that is, not a real one at all.

Their shares have actually been in a nosedive recently and nothing to suggest they won't continue to fall.

Stick ACP onto your graphite watch list.

Sentiment is at an all time low

The SP has been battered down whilst waiting for a JV or off taker & associated project finance but the project economics look decent if that funding can be sought.

They had a big seller who mercilessly sold down their holdings to lock in what was probably once 500%+ gains.

Don't blame them as who knows when they will get a deal?

If they do ever get that funding it would open up significant upside potential.

Rio Tinto recently stuck $40m into SVML for their graphite-rutile project but their market cap was already £125m so the needle barely registered it.

If ACP can do a deal (probably with a mid-tier or Chinese outfit then their £5m market cap would be a thing of the past.

But can they get a deal/Funding?

It's a classic example of an exploration company or project generation company taking a resource as far as they can.

Ultimately having done all the proving up, the final step is monetisation of the asset and this step often sees timeliness stretched way beyond most investors original expectations.

So for those companies with only one asset and no other projects.

If you get a nice bump on that initial discovery excitement, its usually a good idea to lock in those profits and watch from the sidelines while they figure out what they are going to do next.

Correct there Tro

It was only the small amount of retail shares that could have made any difference today and that hasn't happened.

Momentum has followed through for the 3td session in a row and volume is still strong.

I posted back in August that Mangrove should have closed.

Painful for them to be out on their own and no one to help them this time.

The market loves a potential short squeeze

If PANR keep ticking up Mangrove will start to feel the heat as they have been doubling down on their short and increasing their risk.

All the other declared shorts closed out months ago.

Mangrove are on their own here.