Member Info for Scrodingerscat

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.

MyIPA you refer to the baboons well you my friend are certainly no great ape. You bought in with hope and optimism, nothing more.

You want others to follow you that's fair enough but you clearly from your posting have no idea on the current cash burn. Nobody does unless they are an insider, I'm an accountant by trade and I would bet with a degree of certainty that the need for recent cash raises is that they are struggling to get their accounts signed off by their auditors as well as not enough working capital.

So you may be financially illiterate but others are not, anybody with any sense will wait for the year ends before they commit to invest or not. You talk about Idex like that revenue figure goes straight to the bottom line, so I'd politely suggest you Google gross margin. There's nothing known on any of the previous releases suggesting that they are anywhere near cash positive, they need more projects. Why is it everyone can see this but you. Are you thick? Your posts suggest it.

AGM will be announced shortly after the YE's are published as per AIM listing rules.

I hope people do attend the AGM as DP and JVL need to be called out for what they are.

There should be a legal case to answer if this is taken private, defence is incompetence but this is beyond that now it looks like malicious intent to force the SP down as low as it can go, or just clear nobody working at EQT can do any basic cash flow forecasting or manage budgets.

Best case scenario for everyone here and the UK stock market as a whole, is both are banned from holding directorships. If I worked here I'd be ashamed to get paid. Just theft and we are not faceless pension funds or instructional investors we are average people who have invested our hard earned in good faith. Nobody should be buying right now and if you are your just ignoring reality. There's no turnaround for a company that can't even work out one month to the next how much cash it needs. My 12 year old can manage his finances better than this shower.

Why should we post anything positive, revenue is clearly far short of break even let alone cash positive and with no contract wins and warrants due to flood the market come 1st July do pray tell where are the positives? Even the year ends will be a car crash there are no positives in the short or medium term and this is clearly not going to be the bottom. The market is tired of constant dilution just to keep afloat and will only turn when they start generating enough cash to not have to rely on equity raises to keep the lights on.

My £8K invested due to outright misleading literature and board lies now sits at £90, and I'm only holding now to sell at a loss when I need to reduce my capital gains bill.

All these rampers, are you just completely ignoring how this business has been run over the last few years. Yes they have pivoted but they were far closer to being cash positive when they were raising a couple of years ago, you can talk about improvements but they need to be either Transformational or large in number. It's May and they've secured zero, zip, zilch in contract wins which their own literature highlights is essential for the new model to work.

I will be positive when it looks like this isn't a dead duck, but the YE's will highlight to the market why they still need external finance to continue, and without repeating but this is fundamentally important the business is not a going concern without external finance, anybody with eyes can see that from even the last update. No auditor in their right mind is going to be able to say that this business is or will generate the revenues or have the reserves to continue for 12 months hence the logik money is essential and equally why Verdes is as well. The clues are there they need working capital it says it in black and white. All these financially illiterate rampers trying to hoodwink buyers. Look just accept if you bought in you've fallen into the same trap we all did just years or months later.

For me to recover my capital invested here I need a shareprice of 77p, so it's never going to happen and the goalposts keep moving as they keep issuing more warrants.

It's amazing how many throw away comments there have been since the RNS. The basic maths even accounting for an unknown cost reduction clearly shows that there is not enough coming in for the short or medium term. They still need external finance.

The SP was catastrophic before but will continue to tank because without those funds no auditor in the land will sign off their accounts as a going concern. They need cash and they need to start winning contracts. Anyway you cut it this is still heading towards insolvency they need much higher revenues. Verde will have done their due diligence and they know this. This is such an awful company and DP and JVL should be removed but can't be because they've showered shares out to hands that are the only ones to have made money out of the collapse in value. This stock is a typical AIM sham company and the stock exchange itself should be ashamed to just allow these charlatans to continue.

Simms45 look it's great to have positivity but stating €600K a quarter covers all overheads is just plain wrong, look at just the board remuneration for 2022 and that's not including all other costs. The Verde investment is not strategic or anything other than an equity raise because the business still has far more going out than coming in. The 2023 YE's will clearly show what the true costs of the business just existing are and it's not €2.4M... double it and you might be getting close. They have consolidated and raised because they were unlikely to be rubber stamped as a going concern.

Agreed a good deal. The market overreacted previously to the fall in the production forecast and anticipation of a reduction in the dividend.

Well even considering the enlarged shares in issue the impact on the dividend payouts is really negligible now considering the enlarged group will be able to develop it's assets with ease, reduce costs and produce significant amounts of cash for significant further acquisitions. The SP is excellent value for those who look beyond the next dividend payment. Disappointing reaction this morning but anyone with eyes should see there's value to be had here.

I see MS is still as passive aggressive as ever.

Trek it's a fair question but comes from an idiot.

Why would they raise when they have $19M in cash? Unless it's a value accretive deal the board would not countenance it. 10p no chance.

In terms of Cash Flows they appear to have been marginally negative when taking into account the previous fully drawn loan interest payments, but now appear to be positive based on increased revenues and the lower interest cost on the new facility. Will see if YE 2023 reflects this but reality is we are not going to see that properly reflected until 2024 first half is reported. Q2 will also have 2 additional revenue streams added in a gold offtake and silver surface material processed which then starts a 12 month countdown of an $8.75M milestone payment. So basically nobody need worry about cash.

Would be nice of a new deal announcement soon, we have been treated to and have become used to lots of deal announcements, so through 2023 and 2022 but so far 2024 has been quiet.

nobody got in at 7p, you sure about that the volume traded at that level suggests otherwise. oil futures had turned negative i remember it well my lowest purchase was at 9p and highest at £1.80 and i'm in profit by 45% with a much lower average. my holding is also 25 times larger than your recent sell. so don't be giving the billy big *******s. you're a small fish that hasn't been invested here to know that most of us don't give to ****s about today or tomorrow, we are holding because we bought into the cmd plan. i won't be selling anything until 2027. don't let the door hit you on the way out.

Stalinvest are you bipolar? You've changed your tune from going over 40p to sub 30p in the space of a few posts. You do realise the vast majority of shareholders are long time holders and extensive research has proven that this style of investment outperforms day or frequent trading. Why would LTH's panic sell now when a fair few were holding at 7p.

$200 - $300M FCF at $80 forecasted, even with a negligible drop of less than 1% in oil the trend is up. You've sold up made a profit, well done (also nobody cares chief). Now just exit left don't be a dick it's not hard to not be one.

BigRisky we should feel honoured, he said just recently he was going to sell one of his imaginary tranches at 36p "if it ever gets there". Now wait for his 39p tourettes, but but but...

Call out enough numbers and chance is you eventually call correctly. Guy is a grade A helmet, nothing more.

Everybody here is JMAX, we are all simultaneously short and long with more tranches than there are stars in the universe. So that doesn't prove anything, think when John Malkovich went into the portal to his own head.

If RI is serious then lord help him, ignore... he's clearly someone who has never been able to work out how to tie his own shoelaces.

Regarding this shower I notice that they have converted zero euros zero cents from the €3B pipeline since the last RNS dated the 7th December. What the hell do they do all day aside from printing more shares to sell that nobody wants? If DP and JVL survive the next AGM in will only be a result of the gifted shares to their death spiral finance... sorry partners. I've seen some boards treat their shareholders with contempt but this is just theft now. They are not generating any money to pay wages one under performing project, one struggling to exit chapter 11, one delayed (no news on if they have started doing any work) and 2 possibly 3 agreed in principle. Revenue David, revenue... business 101 if you aren't generating revenue after 16 years it's not a business. You can tell they are going to have to do another raise, if this was the Victorian era they would be in jail. I'm sure others feel the same this company is just a con nothing more.

JMAX my limitations are clearly not hampered by you're, your and you are.

We have established this before, keyboard warrior in Prague and me actually been to a number of tax tribunals in a professional capacity. Your smug superiority complex knows no bounds, all based on calling 39p. I bet you get invited to all the great parties. Nostradamus can only dream of such foresight.

"Have you learnt what inflation is yet" JMAX your definition was wrong over simplified copy and paste which most economists disagree with that don't live in the 1930's, go back and read it again. Money supply is categorically not inflation, QE has

been happening at pace from 2009 to 2022 but inflation has been running under 1.5%, so just one of the inputs. I tried to help you out by mentioning quantative tightening where the global benchmark currency is being reduced and still inflation is occurring because the mix on this particular bout is Energy and logistics driven.

"TLW will have to pay something" have you read the dispute literature it's not a quibble about amounts, TLW states it owes zero pounds zero pence. TLW filed for arbitration not GRA. Ultimately the court will decide but TLW claims that the assessments breach it's rights under it's petroleum agreements which can be viewed on the Ghana petroleum register. If you were that concerned you would have looked at the agreements, but you haven't you just choose to throw this grenade every single day it's boring and pathetic.

JMAX it's a half truth and you know it. You keep bringing it up even when you clearly know nothing of any of the details, if everyone had a drink everytime you brought it up the whole BB would be hammered. It's nebulous and il tell you why, it doesn't impact the company on even the short or medium term. For 2 reasons, so let's say TLW loses first tier.

1. They will be able to appeal a decision and will do with the size of the claims, so it would go to the court of appeal, then likely supreme for a final decision that could take 4 years.

2. Let's say worst case scenario they lose outright or partially and TLW agrees to settle without taking it further, they don't have to pay there and then and Ghana can't squeeze TLW because it risks collapsing it's own oil industry so will likely agree to a TTP arrangement over 10 years either in cash or some form of production entitlement swap.

So the FCF is quite safe for the medium term even in your scenario that oddly you are hoping for. The reality is GRA will most likely lose both so what will you point at after that?

jmax completely disingenuous comment... again. same as the uk if an entity disagrees with an assessment amount or determination amount then they have the right of an appeal. both assessments have been detailed previously on here and besides the company is that confident of a win that no provisions have been set aside in the accounts. you keep painting tlw as the already defeated villains in this peice when the gra left it right to the last minute to issue this assessment coincidentally at the same time the government of ghana is seeking an imf bailout. people and organisations challenge tax authorities on spurious claims all the time it doesn't make them evil, was mcvities right to challenge hmrc for claiming jaffa cakes were biscuits and therefore they would have to pay approximately £3m which was peanuts to mcvities in the 90's.

really looking forward to the day you **** off.

Even if Kenya do decide to pull the plug which for them makes no economic sense whatsoever, it's a win scenario for RD as previously pointed out they owe Tullow the full costs accrued to date (including all partners costs with 100% ownership so that includes costs that TLW never actually laid out) so they could even take a lower settlement of the total costs ($2B) and make money. Though this scenario could likely close to wipe TLW's debt slate almost entirely. The problem is Kenya hasn't a pot to urinate in to pay this kind of money, so this alone means Kenya has to make it work. I doubt an IMF bailout would be forthcoming, maybe they could sell more assets but China already owns swathes of infrastructure including Kenya's main airport.

JMAX how is it a blag? It's revenue that needs booking, what should they have done other than the norm of all oil and gas producers reporting in energy equivalents. If it's mmscf or mmbtu this has to be measured against a standard barrel and everyone who holds any gas stocks should know how to convert it, if anything it's super easy with TLW because the gas deal is a fixed price that they have shared with the market. Much harder if you're trying to calculate if exposed to the market spot.