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FWIW, I hold at 2.2p. I am livid with GL but with stratospheric gas prices expect to make money here despite him. I know he reads this board and my recent posts are written for him personally. I run a business, he runs a business and he knows exactly what I am saying. With elevated gas prices through 2023 and a successful side track this share can multi bag from here. Fingers crossed but imagine what the SP would be today had we produced earlier in the year and already done the side track....that is the frustration.
Silverlight our Mcap is £33m . It was higher prior to GL getting involved as was the SP. Thus far no value added but with stratospheric gas prices we may get lucky - fingers crossed. However, proper management should not rely on luck .
Howey, sadly GL is beyond redemption IMHO. We are solvent solely due to hope built on stratospheric gas prices. What I want is what all shareholders want namely gas with no more delays and a successful side track delivered by the end of September. Volumes sufficient to exceed the hedge and gas prices to remain high into the spring of 2023 so that we can pay off our debts. If that happens the sp will multi bag.
In April GL said gas 1st June in 2 RNS's and also later in May in an interview. Now we are talking 18th July allegedly. So sidetrack 21st July? I hope so but forgive but I don't believe a word the man says. Show us the gas George and stop lying.
Silverlight, in that case read the RNS's since March. Even in that short time GL has proven he can't deliver anything on time. If you bought in March believing that 1st gas would be 1st of June and now perhaps 18th July, as a percentage of holding time that is considerable and all the time the hedge ticks. I am actually livid.
RNS = another missed deadline. GL is a complete disgrace. I continue to hold but shake my head in disbelief at the incompetence. Still no gas , just more promises and Silverlight thinks it is positive, you couldn't make it up!
Silverlight...hmmm. Your lack of regard for history is not to your credit because leopards rarely change their spots and research generally pays. I am focused on the present and comments by GL over the last 3 months. In May we were told we would get 1st gas on 1st of June or within hours of it. Every deadline is missed, every promise not delivered. We were hoping for unhedged production in June to reduce debt. Now we are hoping to deliver enough to satisfy the hedge. Lots of hope and bugger all delivery. So please do not lecture those of us who no longer believe GL. If he worked for me I would have fired him.
Irrespective of what transpires later today GL is utterly incompetent. Delay after delay, cost over runs , inability to budget, dreadful communications only rescued by stratospheric gas prices. So if this does come good it is despite our BOD because without the gas price we would be bust. I cross my fingers and continue to hold but I am seriously underwhelmed.
RT whilst Bobrad is annoying the person most annoying is GL. I remember a podcast of him in April/May saying that 1st gas would be 1st June if not within hours of it. The new time window ends on the 12th. Were it not for the stratospheric gas price the company would be bust. The sp is where it is for a reason and in the meantime I cross my fingers. GLA
Mirasol I am not sure where this daily deficit comes from? Normally futures contracts are structured on a monthly basis with a strike date in the month. I don’t have precise detail of the hedge but I assume that they are structured in a similar manner. Thus you need to deliver by a specific day and in theory could deliver the lot on the last day. In which case we currently owe nothing.
I bought in today for the first time as a very long term hold to take advantage of the SP fall. I like the well diversified portfolio and the dividend. I bought sub 2800 which I think will be seen as a good entry point when looked at in a few years time.