Member Info for Sageman

Interesting interview Brockham and Balcombe to produce circa £3m per year combined is a real bonus and he mentioned prospects at Lidsey too. Given our low Mcap that extra £3m is material such that SFB isn't doing all the lifting. He was also very confident about the side track and expects gas prices to remain elevated for some while. I have said I think 5p is doable for some time - fingers crossed.

I have a rule never to hold more than 2% of my portfolio in a single stock with 90% invested in trackers. I now have my full 2% here and will not buy more but it reflects my view of the stock and its potential. The 2% rule allows me to sleep at night and be pretty rational since I can afford to lose it all. I bought in tranches with an 18 month time horizon expecting at some time to show a decent profit (b/e 30p). I wish I had bought lower but so does Art, ?? lol

Ironhide under the NDA he is not able to tell us the purchase price. Suggest you watch the interview. Interesting that we have increased our asset base by 47% and before the deal Simply wall st said we were 82% undervalued. Art believes he got us a good deal. Lots in the interview about the reserve being better than anticpated. Roll on May 16th when hopefully we will get more news.

FWIW - There are many moving parts here and there are no "experts" on this board PI's are the last to know. Traders may sound clever but it is hard to trade a share when the range is unknown and news could drop. What we do know is that CPR is expected early May with the announcement expected on the 16th. We also know that Cuda was worth more to Us than others a bit like if 2 parties hold 49% each of a company how much is 2% worth? I bought here for an 18 month hold and remain happy to see how it plays out. Simply Wall street last week said this was 82% undervalued (so more so now). The CEO thought it worth buying at 34P. At present sentiment and placings are the driver. Time will tell if fundamentals shine through. GLA

Just bought another 100,000 at 20.19. 18 month hold. GLA

Cathy told me on 6/4 that the Cuda situation would be known “in the next week or so.” Thus possibly before Easter or shortly after. GLA

Stockbob, It is nauseating that you continue to post carp. The price of gas is closer to 200 than 400 yet you continue to post Lucans figures that were based on 400. This is something that even a simpleton can work out. If the price drops by 50% you get 50% less money for the same production. What is really annoying is that 200 in June is plenty enough for us to see a 5p SP as long as we are producing so there is no need to ramp.

Hi, I have been in GFM for 16 years and used to post on iii until it was closed. I have read a number of your posts regarding future cash flow and agree that GFM is a debt free cash cow. Following the license, increased production and commodity prices north of where they were in 2018 results next year should be stellar. It follows that the sp should be north of previous highs. The bigger question though is whether Roger and co will sell or pay dividends. The age of the bod (especially Roger) could be very important in the coming months. Time will tell.

Yes Noel but until the sidetrack goes through we will only produce 1.5 therms. That is why The period prior to the hedge becoming effective is critical. It is also why the gas price in that unhedged period is critical. In the video George used a gas price well above the current 200. DYOR

I must confess that I find talk of £7m per month revenue a little nauseating. Gas is 200. Max therms =3. We get 51% and a good deal is hedged. Plenty of upside without ramping

When I emailed Cathy I made it clear that I understood that companies can't pass on restricted information as such. Thus I solely requested best estimates of timelines to receive information. No guarantees of timelines just what they expected. It looks like we should know a lot more by 16th May. GLA

The thing people forget is that companies can not give out insider knowledge and ask questions that by definition can't be answered. Yesterday I asked questions and requested an RNA since the answers could not be leagally be given to me in isolation. An RNA was produced. Today I asked about timelines which are important but do not tell which way the dice will fall. I hold 1% of the company stock - not huge but perhaps enough for them to listen. If they are reading - thank you

I asked her permission prior to posting. She said that she could count on the fingers of one hand those who have done so in the past. The word manners come to mind.

FWIW I have had a reply from Cathy regarding timelines - she emailed having spoken first to Art, The expectaion is to receive CPR early May hopefully in time for 16/5 announcement. Cuda they expect to know in the next week or so.

We are now faced with a binary choice depending on whether you think the announcements will be good or bad. GLA

Losses are useful to offset against gains. You can't immediately rebuy the sold shares (the old bed and breakfast rules no longer apply) but you can sell and then buy into ISA's. This share is held by PI's and today is the first day of the new tax year. I think that you will find that a lot of selling post RNA and subsequent buying today will be tax related . If you have sold a BTL property with 28% CGT to pay then booking a loss on a share and then rolling to ISA makes a lot of sense.

The reality is you either believe there is good news coming in which case buy/hold or you believe there is bad news coming in which case sell/short. Everyone has their opinion but only time will tell. Personally I am in the former camp but in the meantime a bit of patience and respect for both the BOD and fellow posters would be appreciated.

hey -arnold it is precisely as I said would happen following entry to FTSE250. Funds would be forced to take long positions.

We don't know what we don't know and PI's are the last to know. However, what we do know is that Art bought over 600,000 at circa 35p. We also know that he knows more than we know. Would he have spent over 200k of his own money after tax if he intended on doing a placing and could have bought at 20p? Or is the current SP action a surprise to him too? Charts are fin but ultimately news flow will determine the SP. So it is easy really. If you think the news flow will be bad then sell now. If you expect good news but haven't got a clue when it will arrive and don't want to miss the bounce then hold or buy. Each to their own. GLA

AJEP - time difference mate. Art is in bed! Just bought anothwer 200,000 shares. Didn't expect to get this opportunity.

You don't lose until you sell and the real news is yet to come. Thus far I have lost nothing. I will judge Art in 6 - 18 months time. I bought this share expecting a high risk and highly volatile ride and that means down as well as up. If you trust your research you shouldn't get too worried by short term volatility. GLA