Member Info for RKBeekeeper

Bond Situation Part 2

Some less optimistic Posters (than myself) will think that the Bond Holders will not convert, they are wrong. You have to remember that the original terms were 15p not the current 3.76p.

Look at the situation if say only 70% convert. That would mean €4,448,003 convert and €1,906,287 delay, what will happen to any Bond Holder who delays?

On conversion of 70% we issue about 105,054,393 shares which at nominal 0.25p costs our Company about £262,636 but we have €4,448,003 less debt.

What is the amount of less debt in £££? Using 1.10 conversion it is about £4,043,639. That is just over £4 million less debt. Our current market capt with 514,717,462 shares at mid market price of 0.69p is £3,525,815 or £3.5 million and using only the 70% value above we would have just over £4 million less debt and 105 million more shares so the Market Makers will number crunch and realise that our SHARE PRICE should be DOUBLE based just on less debt of over £4 million. This would change today’s spread to 1.3p to 1.44p.

On a best case scenario where all Bond Holders convert then it would be closer to 1.8p or 1.9p.

RKB

Bond Situation Part 1

Soon we will be informed as to how many Bond Holders have agreed to convert their Bonds at 500% to the average mid-price in late September.

We know that on this occasion the actual conversion price is 4.234 Euro Cents or 3.76p being 500% of 0.752p.

We also know that the total Bonds outstanding as at 31st December 2017 was €6,292,000 and as they only receive 1% interest per year then total interest for 2018 would be no more than €62,920 so the maximum amount that we have to repay in full for the Bonds is €6,354,920.

We also know that Eufingest hold 43.48% of the Bonds so that is €2,763,119 and we know from various RNS’s this summer that Eufingest voted in favour of this 500% conversion.

I am 100% confident that Eufingest will convert (why else would they agree?) On conversion Eufingest will receive about 65,260,255 shares and we will have about €2,763,119 less debt.

If all €6,354,920 convert then we will issue about 150,092,584 shares or about 150 million shares. As our shares are a nominal 0.25p then this would only cost our Company about £375,231 and we would have almost wiped out debt of just under €6.4 million.

RKB

Good evening Johnnybbad

I do not believe you have any chance of getting anything at that price ever again.

I believe the Market Makers are going to move this up before the bell on Friday morning and you could see a re-rate beginning.

RKB

Why I am invested in HNR

A) Balance sheet has no debt (loans, overdrafts or convertible loan notes)

B) BoD have a sizeable stake in our company 13,100,000 shares or 11.09%

C) Free carry of 7.5% in East Denver with two producing wells and another six wells about to flow.

D) Potential for a further 16 wells in East Denver with the maybe a 7.5% free carry.

E) West Denver 5,200 acres with re-evaluation of our drill plan as HNR are committed to being a responsible and transparent operator within the state of Colorado.

F) We have 2,200 acres of land in Kansas where we have found Nitrogen of 99.59% purity and excellent flow rates of 2,581 Mcfpd which our BoD believes they are in a position to secure all their needs for its DTU (see below) needs more economically and our BoD anticipate revenue contribution next year http://highlandsnr.com/nitrogen-project/

G) We have 46,000 acres (which is 71.88 sq miles) of land in Arizona where we have found Carbon Dioxide (CO2) which our BoD are evaluating see our website http://highlandsnr.com/carbon-dioxide/

H) We have a company called Highland Water Resources which was only announced five weeks ago and our BoD have already said this is already contributing to revenues.

I) DTU or DT Ultravert is a re-fracking and parent well protection technology. This was the main reason why I initially invested. See link http://highlandsnr.com/technology/dt-ultavert/

J) Helious Two in Montana 221,973 acres (which is 346.83 sq miles) for gas and helium. I believe this asset will become the crown jewel in HNR and it is being deliberately played down. When you look at the total area of just over 346 sq miles that is massive. See link http://highlandsnr.com/portfolio-item/montana/

RKB

PS as you can see I am positive and optimistic for the future and I look forward to our Interim Results which I am sure will set the path for 2019.

Thanks JofHoggit,

I would not have found this link (information) myself about Ben Reinoehl and his involvement in Helium in Algeria.

RKB

Our Helium Expert

One of our advisors is Ben Reinoehl the owner and principal of RMW Solutions.

Our website says that Mr Reinoehl “offers to Highlands an extensive knowledge of helium gas markets and contract negotiation as well as an extensive network of helium industry participants”.

If you look at the left hand side of the link for “Expertise on Call” you will see more information on Mr Reinoehl.

RKB

PS from the last annual report there were 11 “employees” and their average remuneration including benefits was about £92,250 and for that you are getting access to their expertise.

http://rmwsolutions.net/

Hindsight

Earlier this year RP announced on the 25th September 2018 that the Court approved the Capital Reduction from 5p to 1p.

Today a company called Future Plc announced their results and they are going to resume their dividends in early next year. But Future Plc had to have a Proposed Capital Reduction agreed at a GM on 14/06/18. I have not researched this company, I have only been watching to see if or when they may pay a dividend. What is interesting is that Future Plc announced substantial revenue growth along with too many other goodies to mention in this Post.

If Future Plc had not had their capital reduction then there would have been no possibility to pay or facilitate a dividend.

RP has set the scene you just have to look.

RKB

Share Price

Often when you are waiting on game changing news a share price can fluctuate.

Market Makers are fully up to speed with our Bond Holders situation and they (MM) know that even if only Eufingest were to convert, we would have about €3 million less debt.

Now was it a Market Maker who posted the link, strange they are a premium member and only have three posts in 5 years and we can only see this one post?

RKB

PS Premium Members have access to L2 and often have thousands of posts, i.e. they are very active on BB

Darren Smith

Was on our register at 43,054,050 or 3.35% but now increased by 29,218,039 to 5.62%.

Maybe he could pay off our loan and then his 43 million + shareholding will substantially increase.

RKB

Good Morning D14MOND

I am at a loss as to why you have to keep repeating what you are repeating. You lose all credibility by constantly saying the same thing over and over again. It comes across like a small child who has lied to their parents and the parents know the child has lied but the child is a child and does not understand their parents know they are lying.

I have taken on board your comments but I do not agree with them. I am a long term holder who is here for substantial capital growth and future dividends. I am not trading HNR and I do not lose any sleep when our share price oscillates.

People whom I trust know my views on HNR and also that there was a reason to put out our West Denver RNS on Monday (get the negative information out the way first) and then produce our Interim Results.

We all know RP could not beat the drum on West Denver in the Interims and by waiting just over three weeks to show us what has happened between April and September (and anything subsequently) he will be able to present a clearer picture of OUR COMPANY (that is shareholders)

D14, I would have more respect for you if you stopped compiling your “Crime Watch” Red Faces Poster as it does allude to childlessness on your part. You could have walked away many weeks ago and then came back and said “I told you so” or “sorry” you potentially would then gain some respect. What you have done is constant negativity for your own reasons (future potential benefits!) When (if) you become a shareholder will you beat the drum or will you do what you have always done?

I wish you well and look forward to a mature D14 posting culture when you have time to reflect. As for me I look forward to the Interims next month as I like to dissect accounts and look for hidden value.
Maybe we could all enjoy our B.B. if we referred to our friend by their nom de plume and that would show good faith on our part and he may just reciprocate.

RKB

PS JohnnyB.Goode 10:53am 100% concur.

NAPE Summit Week

Keep your diaries free for 13 – 15 February 2018 as there are lots of interesting people attending (like the previous one)

“The marketplace for buying, selling and trading of oil and gas prospects and producing properties."
NAPE Summit Week is a trade show with a heavy focus on networking that brings together domestic and international decision-makers to forge, facilitate and close deals. NAPE is undeniably the world’s largest production expo and provides a marketplace for the buying, selling and trading of oil and gas prospects. This event invites various panellists, executives, experts to debate and discuss about recent trends in market, keeping in mind the consumer interest.

I will need to check with Mrs and see if she wants to spend St Valentine’s Day in Texas and also if she fancies a road trip around 5,200 acres in West Denver (don’t need to see East Denver again) and take in Kansas for our Nitrogen project (2,200 acres) and then drive to Arizona for our Carbon Dioxide project (46,000 acres) and then finish on a high in Montana for our Helios Project (221,973 acres) No doubt we would consume a lot of water so need to look into that also.

RKB

https://10times.com/nape-houston?sender=bjdjigja&hash=5fziyPnlZ5AFZlRW06qwFLK%2BgELNO3ALlN0uopz8uNM%3D&utm_source=setreminder&utm_medium=email&utm_campaign=pastVisitor

Investing Part 5

I was asked (By the BoD) what the opposite would be if you bought each share at the bottom and sold at the high.

Well investing £100K at £1,000 in each of the top 100 companies at their lowest point would be worth £142,682. This is a paper profit of 42.68%

But (D14 will not like this surely and I expect this Post elicit a response as he can’t abide his Post not being the first one on our B.B.) if you had invested £100,000 in HNR at £0.126 would have 793,651 shares which would have a value of £263,889 at £0.3325. This is a paper profit of 263.89%

RKB

Investing Part 4

If you had a spare £100K (again!) and decided to put it in the top 100 Companies over the past year and bought £1,000 of shares in each at the highest price the share had reached in the past 12 months and you valued them all at the lowest price reached in the past year then your £100K would be worth about £72,049. This ignores any dividends and excludes Royal Dutch B shares (as technically there are 101 shares in the top 100)

Now if you had put all your spare £100K in HNR at the highest price achieved of about £0.3325 then valued all at the lowest point £0.126 (yesterday) then you would have lost £62,105. Very few buy at the top and sell at the bottom, the goal would be the opposite but we are not all as smart as D14.

Often you will find that shares, that are at a low point one year, are often reaching new peaks the following year (not always but it does happen)

All shares go up and down and when you actually look at our assets and the quality of the assets then you will know that soon our share price will re-rate.

I am 100% convinced that D14 is wrong, he has miss-judged RP and the management team and soon we will hear some extraordinary news from RP that will put your mind at rest and final D14 to rest once and for all.

I have often said it is not what is said by the BoD it is what is not said. Nobody will ever know if I have spoken to our BoD other than the BoD and I believe that is the way it should be.

RKB

PS if anyone wants the details of the top 100 companies and the breakdown then email me.

Investing Part 3

So why did I invest £100K for 400,000 shares last year and also family for another 103,750 shares?

Well I like the fact that we have no debt.

We have a producing free asset.

BoD have 12.2 million shares.

There are only just over 118 million shares.

We have many potential assets that will mature over time.

I have attended many AGM’s and even went to look at the assets that the companies that I invest in have.

I have taken Directors, Chairmen & CEO’s to task over the years and I believe that often they do actually listen to what I have to say.

I have had an RNS issued to say that I was possibly going to disrupt an AGM by voting down some resolutions (see CLP RNS 18/07/17)

So why is our share price where it is?

Lack of buyers is the short answer. It all comes down to supply and demand. Many have an average substantially higher than the current share price and will not sell but there a lot who are not really investing only gambling. They do not want to wait till HNR achieves her full potential.

If you look at any top 250 FSTE Company you would probably see a High & Low over the past year of about 50%.

BP £4.52 - £6.03 Shell £23.80 - £31.92 Premier Oil £0.65 - £1.46.

All shares go up and down but due to social media there are people who gamble their money on shares and do zero research and take what is written on B.B. as correct. When someone reads this B.B. and then invests then they are unwise because they are ill informed.

I have been invited to the Twitter Group and at present I can read it but it is not for me. I only want facts, not opinions. When we have an investor who says they are trapped then you know they are not a long term holder, they are only here for a potential quick buck. Like the price of houses, shares go up and down and if you have done your own research and you believe in your research then you do not need to watch your share price daily.

When RP and JMD convert their warrants then you know we will be paying dividends. I intend holding all my shares and waiting for HNR to monetise all their assets and live off the dividend. If I have any concerns I will contact the BoD and voice them. The Twitter group I wish them well.

RKB

Investing Part 2

Most investors have one or two goals when investing in shares. Dividends or Capital Growth or both and no investor wants to bank a loss but some do when they sell.

Most investors alter their investment decision making process over many years. They make changes after learning the hard way. Two years ago I was making £28K from dividends and also getting some capital growth but I was not happy with my overall return so I changed how I invested.

I had to look for potential investments that would provide superior capital growth at the expense of a regular dividend. How do I find these potential investments?

I do extensive research. If I find anything in an RNS or their accounts that I do not like then I do not invest. I look for almost debt free companies (there are very few) BoD have to have a meaningful stake in shares (not just warrants) and the Company has to have potential.

I have done very well over the years and I am constantly learning from past mistakes (like convertible loan notes that dilute you to almost zero)

RKB

Investing Part 1

If you had a spare £100K and invested it a few years ago in property (not in London) and then sold after 7 years and you sold for £200K you would have made £100K profit. That would be almost 10% compound growth over the 7 years. Would you be happy?

Well you probably would be happy that you sold for a profit but in reality your property would have cost you money over the 7 years. Council Tax, Buildings Insurance, Solicitors Fees, Estate Agents Fees, Survey Fees, Maintenance and then you may have installed central heating or double glazing or even converted the garage and landscaped the garden.

But whenever you talk about the profit you made on investing £100K and selling for £200K you would most likely say that you made a profit of £100K when in reality you actually made a lot less.

RKB

Final 6 weeks of 2018

The final six weeks of 2018 are going to be very interesting.

Next Tuesday 20th November the Court in Ivrea will have a first hearing on our appeal to the Land Auction. This is because the Auctioneer accepted an offer of only €1,958,374 million when the Land (which was originally worth €20 million) was down valued to €3.86 million by a Court appointed surveyor and then the Auctioneer for reasons not disclosed (yet) put the price at €2.61 million and then setting bids at 75% of €2.61 million. We also have an unsecured creditor position for about 94% of any other funds liquidated (over and above our first charge on the Land for €2.68 million) and the Court has assessed this at €8.21 million. So whatever happens with Mediapolis we are getting either the Land or our First Charge in full of €2.68 million and also a fair bit of our unsecured €8.21 million creditor position.

Euro Bonds: This is at present worth a lot more than most realise. We have outstanding about €6.4 million Euro Bonds and we know Eufingest have 43.48% of the Euro Bonds. The value of the Euro Bonds as at 31/12/17 was €6.292 million and we only charge 1% interest so this would only have increased by about €62,920 in 2018 if taken to the end of this year when Bond Holders who want to convert will convert (so €6.4 million covers the interest)

As we have been informed on numerous occasions that Eufingest hold 43.48% of the outstanding Euro Bonds (which technically should be referred to as Zero Rate Convertible Bond 2015) then Eufingest have about €2,735,762. As we know that the Bonds convert at 3.76p or 4.234 Euro Cents and as Eufingest were instrumental in their support it is 100% certain they will convert. Using 4.234 Euro Cents they would get about 64,614,114 shares. Using a GBP to Euro of 1 : 1.10 and a conversion of 3.76p Eufingest would get about 66,145,106 shares.

Taking an average you could say Eufingest on conversion of their Euro Bonds would receive about 65 million shares and at our nominal share capital of 0.25p it would cost Our Company £162,500. This would wipe out just the Eufingest portion of the Euro Bonds of €2,735,762. When all Bond Holders convert (as they will do) we save a small fortune as we would only issue about 150 million shares which would cost Our Company about £375,000 (not millions!)

Soon the Penny (or four) will drop and when FG announces at the end of November how many Bond Holders are converting we will be removing at a stroke a large part of our Debt.

RKB

AIM Rule 26

Our website was updated last week.

If you are a long term holder and have been following events (which are about to get really interesting) you will know if there has been any major shift in share holdings.

RKB

Good afternoon Rock999

I am beginning to think you not being honest as to why you are really on our B.B.

You would have seen from my rather large recent (and past) Posts that I brought up at the AGM that there was no need to delay the Interim Results as they do not need to be Audited.

I will be corresponding with Lance shortly and I will commend him for producing the Interim Results within 5 weeks, you can be as negative all you want but I am at a loss as to why you are Posting here.

Lance is dammed (in your book) no matter what he does, publish early or publish at the end of three months.

We all know that it is the Loan(s) that are key to improving OUR Company and subsequently our share price. By attending AGM’s and having meaningful conversations with Lance & Geoff face-to-face and in private communication there is a possibility that change can occur.

You may retort that I am wasting my time but I have mustered proxy votes in the past and will do in the future and I am not afraid to exercise a collective approach to put forward constructive suggestions to improve our Balance Sheet.

I will look forward to seeing you at next year’s AGM where no doubt you can either thank the BoD or berate them (that is assuming you are a shareholder in 10 months time)

I wish you well and hope you will now reflect on what you are trying to achieve as I will be doing the opposite.

RKB

My goal is to have the loan removed or BoD removed (the two directors at AGM not the director who was appointed that day)

RKB