Member Info for Scrodingerscat

when you look at the 5 year share performance, the production figures, failed merger, failed securing a farm in partner, exited licences for nowt or peanuts, and compare the company against the competition rd has done a pretty **** job. what's worse is he's taken the year off. jubilee is not producing over 100k (the interims will confirm this).

i re-read the cmd and we are ahead on debt but behind on ability to pay that debt down (production). remember there was promise of $700m paid to shareholders by 2027, that looks like an impossiblity now, unless oil goes over $100. rd has been buoyed by high oil prices throughout his tenure barring covid shock. there needs to be fresh blood as there is no apparent strategy other than throw more money at jubilee well it isn't working and new seismics are too little too late. is he up for re-election in 2025 or 2026? and nobody surely is happy with him, even bondholders should be itchy due to his lack of addressing production in 4 years. stop pumping all the money into ghana they are litigating against the company ffs. he will spout creating prosperity for our host nations at the interims, how? kenya and ghana are basket cases according to the imf. how about focusing on growing the company you've had 4 years and it's gone backwards albeit with a smaller debt pile.

Samson Capital have bought 5% and will vote for the deal I would imagine, hedge fund parasites. The market gives these vultures the opportunity by not having the bid match the offer. Capitalism at it's finest. PI's need to vote to block these deal. Vote Against the special resolution and approval of the scheme.

Kenya is the focus of a lot of people's anger but I personally feel that's misplaced, the BOD can't influence how Kenya operates. RD's strategy of spending $1B in Ghana for declining production is my pet peeve, hindsight is a wonderful thing but for arguments sake what if that money was spent on acquisitions or at least a portion of it. The Ghanaians are being equally difficult and behaving as expected with TEN FDP unlikely to make headway until 2025. The phrase don't put all your eggs in one basket slipped our leaders.

Kenya is the focus of a lot of people's anger but I personally feel that's misplaced, the BOD can't influence how Kenya operates. RD's strategy of spending $1B in Ghana for declining production is my pet peeve, hindsight is a wonderful thing but for arguments sake what if that money was spent on acquisitions or at least a portion of it. The Ghanaians are

Persiantrader a couple of things yes the oil price has averaged above $80 but that's where the positives end. Richard Miller has confirmed that H1 will see all of the Capex for the year reflected plus tax payments. So H1 was always going to be cash flow negative. We've also been told Jubilee is underperforming so pray tell where's the positive part coming from, is it simply oil price you've based your post on?

Sounds like a bit of a faff, I just emailed my broker and they confirmed the next day that they've submitted my vote (against the resolution and scheme approval to be clear).

It's easy, this will only get approved if shareholders are apathetic. Vote against this insult of a deal. Q2 figures are only a few weeks off and they are going to be close or if not a record breaking quarter figure. If Dettera want our assets they need to pay fair value. Revenue is forecasted to increase to $13M this year, nobody surely invested for a quick buck a bit of patience and in a few years this will be a solid dividend payer even if management do nothing.

I'm no fan of Jeffries but the downgrade is inevitable. RD has told everyone that Jubilee is not producing as expected, you don't have to even read between the lines no additional cargoes for 2024 suggests no confidence in significant uplift even from tieing in the final wells and production to come in at the lower end of forecast. Certain board members will say that the figures haven't been released by Ghana yet and they won't be, the first we will hear is when Kosmos report half year and it won't be 100K plus, Jeffries are confident of that hence the downgrade.

Who is right here RD openly telling you they are underperforming, or Anton saying no they have 2 wells left to tie in so therefore it will be better? I know who and what I believe and who is wrong pretty much all the time. Here have a tweet about how Kenya is imminent, how many people have been sucked in by his 2 plus 2 equals fish false dawns. Zero credibility, JMAX is a horrible individual but Anton is the other side of the coin. This BB is just toxic.

"i just want to flag with you that jubilee is tracking lower than expected and ten has been outperforming. for the year we are reiterating today our guidance of 62 to 69,000 barrels of oil equivalent per day, but it's likely, we flag this, that we're going to come out towards the lower end of the guidance range." - rahul dir june 2024

if ten is outperforming in june and jubilee is underperforming in june does that make jubilee consistently producing 100k?

suck an egg you horrible little gutter snipe. again no critical thinking your lack of balance is painful. rd is doing a **** job right now, look at the 5 year trend on production and come back to the board turning it positive. they have made it clear bondholders come first and no drilling till 2025. if you're a happy holder you need help. you've bet your house on kenya, well at this rate if it's ever approved fid is years away.

Anton what? Production is down that's not opinion that's counting, TLW is from last I looked not just one operated field. If you listened to the AGM then Jubilee is also down from it's peak and the latest wells are underperforming, his exact words " below expectations". I posted it all over the internet did I ( mate your loopy if you think this BB equates to all of the internet), he needs Jubilee to produce over 100K it's currently approx 85K - 90K based on the offloads, that my friend is check point and match for putting all your eggs in one basket. I suggest you look at the overall production numbers from McDade and Dorothy to start your defense, RD let TEN and Jubilee decline with no drilling in 18 months at the start of his stewardship and therefore any increase comes from a low base. The Analyst from Jeffries is generally a numpty, but he stated categorically that Jubilee has never consistently produced 100K plus and he's been proven right, it hasn't nor will it in 2024 that can be almost assured because it's not now and there is no intention to go back to the drillbit until 2025.

Critical thinking isn't your forte... Clearly.

There is no leg up. RD has consistently failed to address production and that's the crux of the problem. No drilling till next year now. Kenya will drag on and on, and Ghana won't agree to a proper offtake until 2025. So there is literally nothing that will kick the SP up. The only thing that has been generally great during the RD tenure is the OP and he has nothing to do with that. I'm starting to think I may start to vote against him at AGM's. I know it's a 7 year plan and we are 4 years in but you can't sugar coat it, take out the gas and the increased stake in Ghana and he has monumentally failed to stop production declining. He even tried to switch success to safety, err what happened in Simba big dog? Bondholders love him but bad for shareholders... Do something RD or 2024 is going to be another wet fart.

I suspect it's the likes of Orion that are pushing for a liquidity event and will seek one even if low ball. I think most of our investors are smart enough to see this offer is crap, will see what transpires, but I see the poster wrongly posting that the disclosure forms indicated voting intention on here and the other board has disappeared after looking foolish.

Well the BOD with less than 25% in their corner aren't looking strong. I have been in other take overs and have found that when the board is really motivated to get this over the line they have written to me personally despite my holdings being held via a third party broker. So they are either confident or are just going through the motions to satisfy Deterra, nobody has been promoting this from TRR and trying to secure the PI vote and that is somewhat surprising, you normally get chatter firmly for or against and apart from the half hearted release, naddah.

Damayhill they can say what they like but you could put a fish in charge now and we would all see good returns in 5 years. As long as the assets owned produce which Deterra offering $144M clearly think they will.

Listen to what people do not necessarily what they say. Lithium demand is growing year on year and yes it went silly prices last year but look at what we've paid for all of the current assets is this offer reflective of the material progress made across the board... is it balls. The BOD's strength is in sourcing new royalties, they can't do anything about the ones we have and ĺike I said earlier accepting an offer so meekly before you're about to post a bumper quarter and revenue building up to a strong second half just smacks of they want jobs at Deterra and screw everyone else.

The consensus appears to be against this deal so any holder who doesn't want to see this happen has to play their part as abstaining is effectively voting in favour. It's easy to vote, just wait for the EGM announcement and message your broker with your intention to vote against the resolution.

Even our II's can surely see this is short sighted and if a takeover is indeed what they want then 49p is just not enough. Reject this amount because what have any of us to lose, liquidity is not something we need to worry about and if they really want to sell. Sell now while the offer is in play they can reduce their holding while the SP will hold up. Just madness really when revenue is growing year on year and will be in excess of $25M in 2027 (and that's being conservative).

Deterra doesn't even look that good on paper at all, barely mid tier royalty. The 2 directors moving over won't come out of this well, other than financially, they look like sellouts. Where a couple more years building out a portfolio successfully here could put them in contention for big jobs at a top tier. LSE is rife with this at the minute, selfish boards and weak share prices. It's a combination of things but the LSE is slowly being reduced to a majority of the dregs awash with zombies and never going to turn a profit share printing vehicles.

Raspberry PI has been the only positive news story in what seems like a long time I was lucky enough to secure an allocation as have loved the product from when I bought my first one 8 years ago.

**** offer. considering it's going to be a record quarter and additional revenue in silver from h2. really disappointed with the bod they really had us hoodwinked about growing this company. they don't even need to do anything and this will be much higher than the offer price in 2 years. ad has let everyone down, a predatory offer and zero resistance. i couldn't care less if an ii wants a liquidity event, sell in the open market like the rest of us.

anybody voting for this amount needs to give their head a bang, 65p fair enough but 49p is bs.

Do you want me to share what you posted about inflation? And what I posted?

Inflation is not just the expansion of money never has been never will be, in fact when the world population is expanding and money supply is not expanding fast enough this is deflationary and not always does QE result in Inflation. This Inflation spike has been driven by major contributions 1. Energy 2. Supply chain logistics 3. Energy mix shift 4. QE 5. Consistent underdevelopment of infrastructure and housing across the G20. Go on prick tell me where that's wrong.

Balanced view here, the production figures are not a shock, the new information is specific to the impact at Simba. It's just another slightly below par update again. RD has been promising TLW has turned the corner for the last 3 updates and it has still not materialised in the production numbers. He should wear a "jam tomorrow" tshirt at the AGM.

That being said the current failure to increase production is negated by the current oil price. This continues to be a frustrating hold as none of the catalysts have materialised either so Kenya, TEN FDP and a revised gas offtake agreement, and Jubilee has yet to sustain over 100K production. Which brings doubt into what RD has been saying over the last year.

Debt at current levels is a red herring as is the litigation. In fact Debt in particular could prove to be a catalyst on it's own as when this is refinanced which will be a significantly smaller net amount, the lower cost of servicing will be an added bonus and give the haters less to point their fingers at. JMAX still around and posting all day every day, rather be a fool than spend my life commenting on this BB personally.

Long term I don't see why we won't have had $700M returned to equity as outlined by the CMD up to 2027. RG has been adding significantly and it won't have been based on these production numbers. GLA.

But that's the thing most PI's don't vote, they generally abstain. I've seen votes where the outcome defined the survival of a business and only 60% of the voting rights were cast. The thing is it's easy and there's no excuse, you should always consider all resolutions at AGM's for all shares you hold. Just email your broker what resolutions you are for or against, it's not like the old days where you had to attend the AGM to vote.

The ridiculous thing this isn't even the bottom, we already know the Year ends are going to be a car crash with the bonnet wide open. Any recovery will be on contract wins with actual bookable revenue. DP is not going to get voted out, his death spiral partners hold too many shares. It will be interesting to see how many PI's vote against his reappointment if it's higher than 10% of the votes cast the chair needs to consider this rather than rubber stamping I've seen CEO'S removed when they have secured 84% of the cast votes (effectively one significant shareholder forcing the board to act). Surely handing out shares below market value so you are re-elected has to be one of the worst possible behaviours of any CEO and the chair can't surely ignore this either.

What? Do I need to quote the RNS it's not by Q1 2025 it's in Q1 2025 it's not a birthday card they (if it goes to plan) get the final payment "in" Q1 2025. Mate you really need to think before you post. Your entire defence was €15M in one period. That's clearly not what's happening, the FEED revenue is not enough to cover administrative expenses for 2023, 2024 and 2025 which is what it would need to do for you to be right. The logik settlement and Altair advance is to address this, sorry but how are you not getting this?

Better but try again, firstly it's Euro's and secondly it's revenue split from Q4 2023 to Q1 2025. Uh-oh someone isn't very good at reading releases. So to put it simply it's €15M spread over a year and a half or over 3 accounting periods. Would you like me to remind you administrative expenses alone were €5.7M for 2022. You keep digging though, still look thick.