Member Info for RustinCohle

No way is that a buy. That’s a sell that’s been worked on the book for a while and just cleared if you ask me.

Surely it’s our resident turd getting flushed.

It's job done for me now - Just a steady churn up to value in my view now.

Could end up eating my words but i wouldn't second guess intraday moves anymore, just hold and wait.

Seller has provided an opp here. You can buy into this business today at more or less the same price you could before game changing news was reported just hours ago.

Imagine if a week ago i'd offered you a contract that allowed you to sit out of the market until after each RNS, then buy in at almost the same price as pre-RNS, you'd take that contract every day of the week.... Yet here we are and people are moaning, not acting.

The wise will see the distressed seller as a gift, not a curse.

Muted response to RNS confirmed. Seller only had 2% as of yesterday, will be on fumes by now

Today the EV sits at ~£17m with exit ARR of £20.3m, so it's now valued at 0.86x EV/Cal'22e exit ARR... utterly bizarre.

But isn't it making a loss of £7m ? (Adjusted EBITDA) figure given in the trading update.

it's extremely frustrating how lazy and useless they are.

They've been offered a gift in this market condition and instead they just sit there doing nothing.

Old JA can't turn up cause he's hurt his knee. He can't put his money where his mouth is and invest here unless he asks his Mrs, then he can find a few grand haha. Mr Ex Goldman, he's embarrassing.

Bit of a weird one this, the BOD seem an absolute waste of space to me. Production leaves a lot to be desired.

But the financials at these O&G prices are undeniable. The market cap is £20m with $8m in the bank (as of Dec 21). So likely $10/11m now. At the current rate the company will have it's current mcap in cash before long.

I think all considered, this is undervalued.

https://twitter.com/Sierra117_Jon/status/1488178480357466112?s=20&t=PdIPcGks2gsP4jFpETp1Sw

That's how i've got the numbers based on another guy on twitter's model. Tax is 50% which hurts.

Acquisition cost is not yet taken out of the 79m euros. The cash flow that total assets throw off between Jan and June of this year (prior to completing) will pay for half of the transaction as earnings will back date to being ours from Jan, balance of the cost will come out of the 79m EUR.

Never mind the money probably already in the coffers.

£327m mcap. Probably earning £1.6m+ per day at these levels plus however much we've accumulated in cash already.

Mental, utterly mental amount of money flying in.

Some commentary sites have suggested it'd be great if we could somehow drop the price of entry into the stock by 20% as they'd like to own a little more of it.

How are people calculating operating cash flow ?

Seen calcs which make sense suggesting daily revs are around £1.2m at this Dutch TTF price.

How about costs? Interims suggested an H1 average op cost per MWH of 3 Euros. Presentation says "Opex estimated to be less than 3.5 euros per MWh". If our daily production (net to KIST after 60% split) is approx 13.5k MWh, surely costs are just 50k Euros per day, or £42k.

Which gives an insane daily operating profit !? Am i missing or not understanding something here?

ps. I realise that capex will be higher due to other developmental work in the company.

Clearly two sellers sitting on the book based on the recent TR1s, not sure why this is stumping people on here....

Cash cow if ever i saw one

We're going around in circles a little. Like i said earlier, we have a seller - This has been confirmed by the company.

So the price movement being biased to the downside makes sense. Just a matter of waiting it out, as long as the fundamentals of the company are unchanged then let the market churn itself out.

I believe the only reason you don't get the upward movement in SP as all underlying commodity prices move up is this seller. Obviously with someone sitting on the offer all day it's going to have a hand break effect every time the price should move up and it will also compound the downward moves when commodity prices turn downwards.

For me it's more of the same, shift the seller and this re rates.

The weirdest part about all this is that half you dummies don't seem to be able to pick up the most obvious trend going.

That trend being that literally year after year after year this bloke stirs up the market with a load of bs, then produces nothing except shares in issue. Then somehow it all starts again six months later and instead of spotting the pattern, you're all screaming 'biggest lithium mine in the world' at each other again.

The telegram group and that lunatic Noel don't help, constantly sucking new punters in every time.

I genuinely hope people stop backing this clown show and it dies a death so that I don't have to see people getting mugged of their hard earned money constantly.

Look at the change in 'shares in issue' over the past five years, price those additional shares at an average share price for the period to get a basic idea of the dilution money that's been spent getting the assets to where they are, which is nowhere.

neither is the CEO

>3k boepd was too high if anyone was calling that yes.

But i was expecting 2.6k ish. Think there may have been a temporary shut down while bringing M1008 online but need to check that in the coming presentation and Q&A. Not sure the reported production figure reflects true production if no shut down had occured.

3% decline alone wouldn't explain the rate being as low as report from what was reported at the back end of Dec 20'

As a son that inherited shares in LGO/CERP from my late father from 2015 era.

It's terrible to see the extent to which shareholders have been systematically destroyed.

LGO then CERP then BPC now Chal (or whatever the next farce ticker will be)

especially considering that the last thing any of you lot are going to need to worry about is protecting 'profits'