Member Info for schlemiel

It is positive licence news which suggests the govt and Chariot are on the same path which bodes well for Anchois. I suspect once the development funding is secured the licence will be issued

'will have a positive impact on the outcome of the results from this SS1H well'

I hope those words don't come back to haunt O'Quigley

The Placing is seeking to raise a minimum of GBP7m at a minimum price of 11p

Highlights

-- The net proceeds of the Placing will be used for completion of an extended rigless testing programme for MOU-1, MOU-3 and MOU-4, commencement of CNG development studies and tendering for long lead items, residual MOU-4 well costs and general working capital.

-- The Placing will be conducted by way of an accelerated bookbuild which will be launched immediately following the release of this announcement.

-- In the event of excess demand, the Company reserves the right to increase the size of the Placing in its sole discretion.

Trading update and reasons for the Placing

Nm

He's bought it for a reason so we can only trust he knows what he's doing

The great fear with SEE is always dilution, more dilution and more dilution. No wonder the price (company valuation) is on its backside.

I've bought and sold SEE stock on and off since time immemorial. The price has done sweet FA for years and there is no end in sight for this misery for holders. The opportunity cost of holding SEE has been destructive

1p

one of them is subsidiary of a US based fund mgr

Let's see what happens. The CAM acquisition was so leftfield and out of the blue, so god knows what MM's got up his proverbial sleeve.

Https://www.subsea7.com/content/dam/subsea7-corporate2018/Results_Reports_Presentations/Results/2023/Q2%20Results%20Presentation%202023%20Subsea7.pdf.downloadasset.pdf

page 17

Great move by MM

The sooner he unlocks value the better, cos I've got bills to pay

Forget broker targets, at best guesses though some of the notes if you can get hold of one can provide some clarity

It's called debate and freedom of association to openly discuss ALL IDEAS AND SCENARIOS.

Your job is to sift through the shhhitte and make a judgement to buy, sell or not to buy at all....

grow up, accept responsibility for your trading or reject equity investing and put your capital in savings stamps

MM engaged with Apollo about a potential bid. That alone reveals his desire to see THG sold to whoever whether to someone else or himself to take private

What would be a commercially viable flow rate from the upcoming tests that would lead a rerate and what would be a flowrate that the market would be perceived as sub-commercial and would lead to a downgrading of the stock? This is the only thing that matters at present, all else is immaterial. The flowrates will determine the company's future

I've just read it and I cannot work out what exactly is being suggested but obviously ste2000 is arguing that some event could well turn out to be bullish for the price

Are they both decent bets ie currently undervalued ie price v company value disconnect?

I see J23 is on board many...

thanks

'strategic review'....a company in flux but MM needs to impose value enhancing changes and getting rid of a £4m subsidiary is hardly gonna move the dial but at least he's started the process of necessary and fundamental change

Profit taking, nothing more. And selling a loss making division for £4m is peanuts and hardly material...

though MM needs to rein it in with the moaning..buy out the company or invite offers ffs