Member Info for redindi

He pumps all that money in (loans), the board says soon be profitable and he pulls the rug! Strange that...it stinks....thankfully,I sold most of mine a long time ago but my vote, for what it's worth, is against, on principle...GLA

You may be right. However, considering WHE is sat on a load of UCG and uranium and can't get any traction as regards partners etc.....it doesn't fill me with confidence regarding the outcome of any new potential project. The BOD may well contain individuals that have previously had great success but as we all know you're only as good as your last gig and at present that is as far from good as you can get...of course if the BOD prove me wrong I will gladly congratulate them on their undoubted business acumen but I won't hold my breath!!!!!

Obviously the BOD's contacts ain't that good!!

22 August 2014 AIM/ASX Code: WHE RIGHTS ISSUE CANCELLED AND COMPANY RESTRUCTURE AIM and ASX listed Wildhorse Energy Limited ('WHE' or 'the Company') announces that, following its announcement dated 11th August 2014, regarding the withdrawal of the Singapore Exchange listed Linc Energy Ltd from the proposed coal sale transaction contemplated by the Heads of Agreement, the Company has cancelled the current non-renounceable rights issue. All funds submitted to the Company will be returned to subscribing shareholders. The Company now plans to conduct a review and possible restructuring of its board, operations and strategy, details of which will be announced in due course.

Maybe not a competitor today and maybe not for a while but if you stand still look what might happen - http://www.kurzweilai.net/graphene-rubber-bands-flexible-low-cost-body-sensors Yes, might not do all of what TMZ' product does yet but a company must always move forward with its' offering!!!

True, up 0.1p on the bid or 40% (of not much) if selling. Here's hoping for a phoenix!!

Strange, after an upbeat update, although the SP has gone up, only 2,074 shares have been traded (bought). This company, for all it's good points is, alas, still off virtually everyone's radar!! Which obviously presents a buying opportunity when funds become available shortly (but not today, 2,074 is not my buy!!)

Well, as AIM will be closed this coming Bank Holiday there is no chance that shares will officially be traded on AIM on 25/08/14, maybe in Australia though......

Of course, I'd be amazed if anybody traded them on AIM on Monday 25 August 2014!!

My full allocation has been listed (but not active) for a few days now and ALL the money taken from my account. Perplexing! And am prepared to be perplexed even more if the shares sky rocket!!!)))))))) LIH

It will be interesting as to how many of the rights were taken up and also the update on what if anything is going on with the UCG (divested?) and the uranium licences??

EXTENSION TO ISSUE DATE OF NON-RENOUNCEABLE RIGHTS ISSUE SHARES As announced on 30 June 2014, AIM and ASX listed Wildhorse Energy ('WHE' or 'the Company') is undertaking a one (1) for two (2) pro-rata non-renounceable rights issue ('Offer') at A$0.007 per share to raise up to approximately A$1.435 million (before costs). The Company announces that the WHE Board has extended, with ASX approval, the issue date for the rights issue shares being entered into shareholders' security holdings to 22 August 2014, and that the revised indicative timetable for the Offer is set out below: Event Date Issue date/Shares entered into Shareholders' security holdings 22 August 2014 Quotation of Securities issued under the Offer and admission of Shares to trading on AIM 25 August 2014

Well, the money has gone from my account for the rights issue shares. Another excellent decision (for the directors, that is). Now, where is the update on the aforementioned rights issue etc?

And that from a year high of 3.63p (which may have been OTT). That is down from 3.63p by 92.5%. Has WHE either lost so much value or been vastly overpriced recently, disregarding that when it commenced trading just over 3 years ago it peaked at about 17p (or a loss of about 98.4% if you'd bought at the peak). Talk about a wealth destroyer....how much preparatory work do you need to do whilst being aware not to fall into the bear trap of not seeing it through to fruition taking into account market vagaries?? Yes, the directors may have had previous success but as in everything, you're as good as your last result.....still, I feel slightly better in that I didn't pay 17p or so a share))))

...(from 03/01/14)...'Wildhorse Energy, the AIM-listed 'dynamic energy company', told investors on Friday that it is unaware of any reason regarding its recent share-price surge. The company is a major provider of fuel gas in Central and Eastern Europe and owns underground coal gasification (UCG) and uranium assets. Since December 27th 2013, the stock has risen from an all-time low of 1.13p to 1.93p as of Thursday's close. The firm said it couldn't explain this movement. In a statement on Friday, Wildhorse said: "As previously announced, the company is currently engaged in on-going, non-binding discussions with a third party, which is consistent with its previously announced partner selection process to advance its UCG projects in Hungary. "The company has not as yet entered into a binding term sheet with such third party." '....to 0.275p in just over half a year? Some of the directors may HAVE been successful previously but?????

I agree with your post entirely except it should be s at the end rather than er....The only positive slant that can be put on the situation is MM's are prepared to 'buy' amounts such as 2,000,000 or my 737,237 shares (which I didn't sell) in their entirity. If the boat had truly sailed off and sunk without trace I doubt you'd be able to sell such numbers even at such low prices. After all, MM's don't make money being left with with a load of worthless shares so perhaps, just perhaps ther's hope of something being salvaged. I'm either optimistic or delusional, let's hope it's the former!!!

True but to a point we already know where the money's gone. Similar to an oil and exploration company, the money has gone on preparatory work which obviously doesn't cost nothing!! As such, in the event that WHE divests itself of it's UCG licences were another company to come along and take the licences the preparatory work may have some value. That, after all, is to some extent what Lincs were getting (and the assets themselves). That seems the only way WHE will get anything out of the UCG and may be a long shot. Likewise with the uranium. We know it's there as it's already been mined there. However, to mine it takes money which WHE doesn't have and with uranium still priced below the price required for break even at least, who at this time would agree to a farm-in or outright buy. So, unless WHE can get the funds to sit tight, the uranium will go the way of the UCG. So, yes, it is a critical moment for WHE. We'll see in a few days time how the rights issue went (or a further extension) but yes much more detailed guidance is required.

So, why on Earth did Lincs shell out A$400,000 if they had done due diligence already? Strange!! Will be interesting what the implications for the rights issue will be.........

You are correct as regards the silence but it's always been the same, generally speaking no info as regards the value of contracts and periods of absolutely no updates. I've held some shares in ULT since just before Michael Walters tipped them, don't hold many now so don't keep up to date but not much seems to have changed. Hopefully, the lack of info will be broken by something good, here's hoping!!

The company is barely 3 years old and it would appear that the decline is gradual over those 3 years as the money raised at the time it commenced trading has dwindled (and no assets out of the ground) and this is reflected in the share price. WHE has a licence for mine the coal and uranium and prior to the HOA with Lincs valued the UCG at A$30 million and negotiated only A$4 million and it's debatable whether it will even get that. So, why is it trading at this level? Will they get money (shares) from Lincs? Will they get a partner to extract the uranium? If they don't get 1 or both of them, they could have licenses for all the UCG and uranium in the world and if they ain't got the money to extract it really doesn't have much value. Hence, why a successful rights issue may be their salvation as it gives breathing space to find a partner as regards the uranium and strengthens their hand with Lincs!! It's nothing short of a gamble although the groundwork on both the 'assets' may be worth something for a party who wished to take up their licences but as to how much is another question........