Member Info for rossannan

Supersport

I would check that.

Sturm

The misallocation of capital and time to AIM crap like TXP is certainly not helping investors or the U.K.

This BB, I mean. You get that with shares that like KEFI that are real poster boys for the AIM experience. But it does seem at last to be at the right place on the Lassonde Curve. Let’s see if that’s how things play out.

Just not seeing the way forward, but good luck to those hanging on in here.

The fewer the posts, the better the share. Or so it seems. I’ll say no more.

Finding some equilibrium after the whole IC circus. Not seeing what will drive it to 15p ahead of the interims, but would happily be proved wrong on that.

Aligator

Good summary.

Sturm

“5/6 is my estimate”

What was your Cas-5 estimate?

Are you assuming non-CB production is currently no worse than it was in Q3? Because that was not its trajectory.

Why would I have a TXP target? TXP is AIM crap that I am neither looking to buy nor sell.

Sturm

Only higher than usual by $1.5M - the loss was over $2M. I am amazed that you either cannot see, or are not prepared to admit, that this has become binary around CR-3.

Sturm

Yes, I know it was gross. I’m not sure what point you’re trying to make. It was slightly below 20 gross and now it’s slightly above 20 gross - so what?

John2727

Yes. Sturm said: “The loss was driven primarily by a $4.0m depletion charge”. This was not in fact what the RNS said. My point was that only the part of that figure that could (maybe) be said to be a one-off (the $1.5M identified in the RNS) could be said to drive the loss.

Sturm

I said they were “nearly” 20 MMcf in Q3. I don’t think you can dispute that.

And I wasn’t saying that total depletion and depreciation was $1.5M. I repeated the RNS: “$1.50 million in additional depletion and depreciation expense”. It is only that “additional” figure that you can attach significance to.

The circus has left town. It often makes sense, if you’re already in, to sell into an IC tip. The circus may swing by again in just over a month.

Sturm

The RNS says “$1.50 million in additional depletion and depreciation expense” and they were nearly 20 MMcf then.

Exactly. Pretty precarious.

Highlandmatt

No, capex is only relevant to P&L over the longer term and most CB one-off costs would have been incurred in the previous quarter, during which CB came online.

Sturm

“At 10 mmcf/d or higher, the company should comfortably cover interest and sustaining capex under current pricing.”

So how did they manage to post a loss in Q3, their first full Central Block quarter?

Hardolestation

“there’s no cash issue here”

Keep telling yourself that.

Nothing more to see here for about 5 weeks - the mid-March interims are a known known but there may be new information in the post period update and in any event that RNS will put GDP back on the radar, for a day or two at least. Patience is required in the meantime but, although there is always country/political and operational risk, the fundamentals look good.

Sirmark

That’s just nasty. Filtered.