Member Info for saintpeter7

We now have the formal offer from Viston AG, a Swiss company, of C$0.74.

https://www.businesswire.com/news/home/20211025005815/en/Viston-United-Swiss-AG-Commences-All-Cash-Offer-to-Acquire-Petroteq-Energy-Inc.

Excellent turnaround after my post on Monday. Ash must have now sold his holding now and this has released the buying with few selling. Wish I had added back at 29p. But happy in the knowledge that I'm back in profit now and we have a rosy future ahead of us.

The sooner that Ash has sold his shares the better. It has had such an effect on the SP. After the last results and continuing good news on expansion, without his selling, the SP would be much higher. I note many automatic trades this morning which doesn’t help.

Holding for the turnaround which will undoubtedly come.

More consolidation in the industry with takeover of Playtech announced today.

Can’t believe this sell off. Maybe Chris Ash is partly behind it, but the SP has dropped from 48p. With profits growing fast, it makes no sense. Have held and will continue to do so as there is no doubt that profits will continue to grow. The cheaper it gets, the more likely perhaps that someone will make a cheeky takeover offer.

Legal Connecticut sports betting is now live with the opening of its first retail sportsbooks. DraftKings, FanDuel and Rush Street Interactive statewide mobile apps set to launch next week. This could again help GMR.

Took the opportunity to top up at 101p.

And now DraftKings have made an offer for Entain (another of my holdings thankfully). That could be a fascinating tussle between DraftKings and MGM.

I know we are small fish to those companies but with our continued growth, I am sure an offer will come in due course and that is a very good reason to hold to add to the underlying strength of the company's growth.

https://www.megroupholdings.co.uk/me-group-announces-new-chief-operating-officer-coo/

https://www.megroupholdings.co.uk/technology-in-legal-sector-has-soared-according-to-major-study/

Shame the securitisation system in Malta doesn't have the tech!

As you know GMR has a relationship with RSI. Big speculation in the US now is that Fanatics might acquire RSI. Here is an article on this. https://www.casino.org/news/fanatics-reportedly-talking-takeover-with-rush-street-interactive-others/

Will be interesting to see what happens. As it is I am invested in RSI as well as GMR. I still think that GMR has a good chance of being taken over at some point in the next 12 months as the gaming world consolidates. Last month, DraftKings’ $1.56 billion all-stock purchase of Golden Nugget Online Gaming was announced.

We should hear further details of the drilling plans at Monte Muambe this coming week as the company did say that they were planning on commencing field activities on 1 September.

A lot happening in the next few weeks I suspect leading up to the move to the main market.

I suggest that it may still be a good time to buy or top up.

Great opportunity to top up when SP settles after weak holders have sold. The rarity of three major shareholders support for the company make this a solid hold.

There is no way that MEGH will allow Forbes to delist. It is a very important element to their ambition to be a leading litigation financier.

I am just as fed up as everyone with the continued delay and I would like to know what the problems have been with the bond listings - poor work by the Maltese agents or by the Maltese FSA or covid or a combination of all?

I agree that the audit must have been completed by now and I expect they are holding up making an announcement until the last possible moment, which is when the Accounts need to be filed with Companies House, by 30 September. They can delay filing them until then giving them breathing space to get the securitisations both finalised.

Only about a month to go before the company moves from Aquis to the LSE Main Market with a raise being made at the time to enable the company to acquire a second rare earth resource and quite probably a third, continue drilling at Muambe which is expected to commence around the time of the new listing if not before and have working capital for some time to come.

So all looking good

You know Justin Waite!

**********

Very good podcast by CEO Martin Higginson on https://www.**********.co.uk/articles/martin-higginson-ceo-of-immotion-increase-in-revenue-and-ebitda--172cf24/

EBITDA as a percentage of revenue increased from 14.8% in June to 20% in July. That was good to see and as one would expect.

HT - we should reasonably expect August to be even better than July due to school holidays. After that, we might expect revenue to reduce until November/December when revenue should not only start to increase again with the sales of Let’s Explore, which remember is to be sold this time in the US, but also VR venues during the Xmas and New Year period.

When we think back to just three months ago, I didn’t envisage that we would now be in EBITDA profit, which is quite an achievement.

I don’t think the market yet appreciates this and the level of the profitability looking ahead to 2022.

The additions of the large multi-seaters such as in the Mandalay Bay Hotel can show to other venues the benefits of that size VR installation and if the company can install a few more of those in the next 12 months and succeed with Let’s Explore in the US as well as in perhaps Canada, EBITDA could perhaps reach say £3m plus on an annualised basis. That would put the company on a P/E ratio of just 8.5, which is not that demanding.

https://twitter.com/petergedwards1/status/1420890629647785984?s=12

cneighbour the target for 2022 is to produce 50,000 oz for each year. EBITDA forecast for 2021 is $32.3m. See https://www.goldstoneresources.com/documents/media/SPAngel-Goldstone-Note.pdf