Member Info for Scrodingerscat

Pleased they have announced something but it needs meat on the bones I'm just back in the black having averaged down from 6p to over 2p I haven't bought any this morning and will see where this settles. Don't knock the pumpers if they didn't blindly buy stock they know nothing about then you wouldn't get these massive rises. They will hold for their 10%. I mean who even bothers buying £100 of any stock... Chicken feed.

Simms talking about profitability now that is hilarious. If you actually read my response I clearly included the FEED and equipment orders to distinguish the revenue mix. Now other than conjecture what is factual in any of your responses? You talk about equipment orders, where are they? and paper losses, when they are quite literally operational losses ie cash burn.

This company needs to be wound up, it's an embarrassment of an organisation top to bottom. I've accepted my losses and will take the hit when the IP tells me my shares are worth zero. You live in cloud Cuckoo land nobody is buying the tech for not just macro reasons but because in 14 years they've had one successful project. Italy is not commercial and as a market development centre has added zero € and zero cents to the order book. Unless something is mentioned on the YE's explaining Italy in detail it's just a WEC (white elephant centre). You're deluded.

"It's starting to look like you don't understand accounts" a couple of things 1. I'm an accountant 2. You are the one as SloppyG has clearly articulated, that has demonstrated the sum all of nothing of an understanding of where the company breakeven is.

Unless revenues increase exponentially this share is toast.€4M is not even anywhere near close enough and I will bet with you now that before they publish the 24's they will need to raise cash just to get a going concern. If you need to raise more than your mcap with no assets worth a lick of salt and debt that already can't be paid you're stuffed. No grubby deal is going to see any buyer either in isolation or collectively purchase shares worth more than the mcap of an entity.

Your posts are completely out of touch there is no saving grace, no positive news, but you continue to pump nonsense. They have failed to secure any new orders, Italia MDC was supposed to unlock a potential order book of €3B. They got through this year with the logik settlement and raising, they are nowhere near breakeven so that cash is reducing. Honestly now where is the additional €10M coming from Northfork is not enough neither is FEED and equipment orders from Idex. They don't even have anyone employed who can do a cash flow forecast and you are blindly confident this team are going to nail it and make tonnes at some unknown point in the future. Everyone else sees a board filled with abject failure and borderline criminality. This is either sunk cost fallacy or you are paid by the company, nobody can be this stupid.

Again factually incorrect they have been reporting supposed cost cutting for multiple accounting periods, the numbers tell a different story because costs actually increased from YE 22 compared to YE 23. The interims for 24 also do not show cost cuts, administrative expenses (which includes salaries) increased €200K from the comparative period. We will see what the bottom line is when they publish 2024 but I suggest you look at the actual numbers instead of swallowing the headline narratives at the top of any report.

simms complete conjecture you now nothing about whether staff are over or under utilised. so not fixed costs then? why anyone bothers to try and have any kind of discussion with you (including myself) i don't know other than trying to provide to the utter tripe you post. every post you make is complete *******s.

Labour is not a definitive fixed cost here as revenues are intrinsically linked to labour output. So really simply here rising revenues equals more work, so basically if they secure new projects they need more labour, and that's not even including that the wage bill will have gone up in the current period due to wage rises and the additional NIC cost for each employee.

I think the market is telling both companies that even as a combined entity that's too much debt. If both need a merger they should be looking for asset poor and cash rich prospects that's why Capricorn was a good fit. With oil price looking uncertain carrying $6B of debt means capital is focused on that and not advancing prospects within the portfolios.

Simms costs are not relatively fixed, if anything the accounts show they are rising and considering the margins are forecasted to be 30% what the hell are you talking about? You make zero sense, costs rise with revenue here because they are not selling fresh air. Who here actually takes anything this guy says as factual in any way? You are either the stupidest person here or the biggest charlatan, which is?

The only real positive for a combination for TLW holders is the argument of synergy and efficiency, an entity greater than the sum of it's parts.

When you flip it for KOS it's a lot simpler. Is $400M worth taking on net debt of $1.4B to double reserves and production, and the answer is probably yes bearing in mind they know the risks in Ghana better than anyone. The BOD really have failed shareholders allowing the SP to plum these depths and I hope they will try and act in our best interests and not their own trying to secure cushty positions in a merged organisation.

i hope so oiluser because that would mean 2 tlw for 1 kos. can't see it though their sp is $2.30 shows you what horse**** the lse is though.

Who the hell is selling? Nuts.

The funny thing is now the shorts are actually an added bonus in this scenario, they need to buy amidst all the quick buck buying that will happen, until an offer price or paper value is clear. So there could be a squeeze now. Takes firm brass to hold a short position during these circumstances. I just hope the board do not let this get absorbed by Kosmos for a pittance of a valuation. The likely profit for the year compared to the mcap is already ridiculous.

There's no way our majors would accept a low ball. Would they? Everyone's underwater here. This could be RD's and the boards big failure if it happens. The predators buy up all the free float and accept any offer that comes out. Our majors hold enough shares to see off any hostile takeover but will they want to take the loss to get out? RG has been buying chunks way above the current SP, Samuel also has a large chunk. PI's need to be willing to vote down any crap offer. The London Stock Exchange is a joke at the minute there will be no companies left listed. I've had holdings in 3 companies in the last 12 months that were bought out. This is not good news, unless they are offering £1 per share, bet it will be something pathetic like 28p.

Simms go read the accounts they lost €23.76M last year yes a large chunk of that are accounting write offs but they are basically losing €4 - €5M when stripped back do the maths how long does €2M last when you are losing €4M?

Sorry my last post sent prematurely.

Simms go read the accounts they lost €23.76 last year yes a large chunk of t

Simms you are actually insane. What makes you think they are going to build up the ok order book when in a whole year they've failed to do so. I have been involved with enough entities over the years and a directorship on an ltd. still. A company that gets no new ok orders in 12 months is not viable, I don't care what business model you have. Italian MDC was supposed to be showcasing the tech and loads of interested parties would visit and place ok orders off the back of it. Why is Italy never mentioned? It's because what has been released demonstrates it's not profitable. 400%? Where the the hell did you get that from? They need an extra €10M in revenues just to break even.

You're the worst kind of poster posting absolutely ridiculous pie in the sky nonsense. It's getting really simple now no new orders equals call in the administrators they will not be able to get a going concern pass from the finals because they will likely need to raise more than the market cap of the company via equity or debt to demonstrate to the auditors they have enough cash or anticipated cash to demonstrate they can continue for 12 months.

If he made it to July next year he would have been in post 5 years and during his tenure he has achieved little other than paying down debt, oil prices have been high pretty much across his time here barring the COVID lows. He was a safe pair of hands but the next CEO is going to kitchen sink it so all will come out over time. There's no plan at the minute he did his drills in Jubilee and now what? Need a new strategy, I think he will have been pushed rather than jumped. Shareholders can't be happy with what he's achieved in near 5 years. The bondholders will miss him but the debt ratio is now down to a level where they can suck an egg, we need an acquisition production is going to be brutally low in 2025.

Tigertouch there's a reason no one is buying and that's because the company is losing money hand over fist. The next raise could be the last because it's getting close to realms of where they need to raise more than the mcap. Also have never once repaid a debt repayment that wasn't related to printing more confetti shares. I wouldn't say this is investable because all of us with our 99% losses are just waiting for this to go bust. Nowhere near break even, outstanding debt that can't be repaid, questionable tech, no new contract prospects and a Directorship of criminals and liars. I wouldn't touch this with anybody's money the only ones who do well out of this are Altair and DP and that's just been off the back of shafting shareholders.

I don't know what research you did but I'd reconsider your due diligence process if your actually considering putting money into this scam.

SP dropped 30% in the last week, 37% in the last month and 61% in the last 6 months. The companies response... Crickets.

Wouldn't it be nice to be invested in a company that engages with shareholders. Silence never works. But it's alright though because our mate here goes to AGM's and enjoys a sandwich while being lied to. You are not a genuine investor if you've never met Tim and resisted the urge to slap him across the face.

P3 update anybody? Something? Anything? No. Ok down the SP goes then.

Anton you defend the indefensible, what could he have done differently? It's not just one well that's below expectations that's your narrative not reality, one well does not equate to 11K. There are a catalogue of errors, like giving up licences with huge discoveries next door, failing to secure a merger, Ten, water injection, a gas offtake agreement that's commercial (eni get 3 times as much), Kenya, production, securing any partnerships. I could go on.

The problem is that all the companies capital goes into Ghana and they are a basket case. RD has backed himself into a corner because of his failures we are literally reliant on Ghana which is dragging us through the courts and not paying us now. The money invested in Jubilee is effectively drills that are going to see production go backwards in 2025. Harvesting and we will be producing less cash when they weren't harvesting... Laughable.

With oil forecasted to drop next year they need a producing asset acquisition fast or RD is toast. He has been in post too long and someone with a different strategy needs bringing in because RD's strategy has failed. The SP is testament to that.