Member Info for Qalbabbass

Lots of sells ahead of a potential announcement of record cash and or a dividend, strange.

They spent $8M on Arkona so this will be taken out of the cash I think. Lets hope for a dividend, they need to do something with the cash. I think people are getting bored here and moving elsewhere. The BOD don't even have a investor presentation etc.

20M buy gone through?

Yes this will re-rate as we become a debt-free company and start increasing dividends/acquisitions. They nearly paid of 4 million pounds of debt last year which is staggering. They can expand by getting more credit and buy a significantly bigger company or just grow organically. As long as the economy does not collapse, short term (this summer) I see this at 120-130 and long term 300p

I have emailed them to see if this will be taking place. It was due in January but cancelled. Also thank you Mr Buyer, there seems to be someone mopping up the shares here every day, great. Hopefully someone else knows more than we do!

Seems to be about 10 million sells everyday, hopefully they will be gone to give the price some time to breathe.

Understood, thanks Cheapskater.

I am a new investor here, but have noticed that the directors bought considerable amounts only two weeks ago which is great.

How many RNSs do you want? They have issued about three in the last week.

4 drills this year should have good impact on the production volume and subsequent share price, but with all these warrants that are being dumped, share price will be hindered for the foreseeable future.

Thanks Oldholder, understood.

So why did they not mention 605 bps then?

Other points are good. Key inflection point will be when they decide what to do with the increasing cash. At least we don't need to worry about debt or placings to raise cash.

Krok, come on you do come out with some weird stuff. 500 would have been good but 452 is a disaster? Obvious from the reaction of the share price? What reaction?

It never showed up on lse. It is on their website

452 boed added to production

Chinese seem to be investing in Hydrogen technology. They’ve been taking about hydrogen cars for decades but we do now have Toyota Mirai for sale in the U.K.

Sounds good Oldholder. Share price was 60p in early 2020 so what are we missing now? We even have more cash since then plus Arkona under the belt. In today’s world cash and assets mean nothing, it’s all about baseless speculation or Bitcoin

News due in 2/3 weeks and talks with commercial partner ongoing!!! Share price needs to take on board We will take on NCYT mcap as well. Feel like re-mortgaging the huse for this one! Surely safer than bitcoin lol

Krok, what do you think about the dividend? Still no results of the well either.

Still the sentence that states 'we have no current intention to distribute' means there will be no dividend in the short term. When will their intention change with so much cash? When was the last investor presentation etc? Promoting the company would benefit all shareholders including Novinsky.

One day after 2M shares bought by institutional buyer wow. Can’t be much stock around which bodes well for the share price