Member Info for shamI89

We all have been there to be honest.When I first started investing it was a different era but you had wilcat drills being pumped by few, if you got in and out at right time, you would have made a fortune but a vast majority will lose everything.

James knows full sketch but is in too deep to tell the truth.As you said it can only work in small aim shares which you will pump and dump and move on to next share forever.

Icecool I believe is a hopeless gambler, once something gets stuck into his head it is there permanently, you cant move it.Robert got in for a quick trade and though he can bs his way out of it.

Lol icecool was predicting 200p when I predicted this scenario.Rest is as they history.Funny thing is company admitted that for 2025 it will generate negative cash-flow (150-200 million) and Icecool was posting 450 million ebidta very same day.

@Surin you spent all your easter weekend trying to "prove" value but market has taught you a good lesson.At this it is either going to "0" or you are doubling your money.

Company has missed many earning forecasts if that is not what you call profit warning than what is a profit warning?I did tell you that shorters wont let it go anywhere until a firm take-over bid is announced.

Laura2022 gives her crew some work to do.

I was wondering where you were Laura?

Captain I do think a take-over bid will come but Siddara will chose number,it can be anything between 0 to 35.My guess is 20-25.However there is a goid chance that Siddara can walk away and that would leave only refinancing option which can wipe out shareholders.In shorter term take-over bid is better for shareholders.However if new management is brought in then it will be a turn-around play based on management unlocking intangible value which for a very long time market has believed to be around 2.5 billion if not more.

Problem is some people are deliberately ignoring cash position, negative and net debt.Company had 150 million cash in June last year out of which 45 million was restricted and if we include £140 million from sale of athos energy, total cash is 290 million.If we take that yearly administration costs are 250 million then that leaves 170 million cash left and you take away 45 million restricted cash, you only have cash to last another six months.Company dont have cash to pay administration costs and some people were drumming about lenders agreeing to refinancing without dilution.

Give it rest Robert, what is next, are you going to report LSE to FCA as well?

But why would Sidara pay £35, when they can pay anything less than that and it will still be accepted as long as it is better than D4E or rights issue?

Not sure it can happen, as compsany will need to have it voted through.Do they will need to release results before shareholders.Secondly I dont think any potential contender would touch it without audited results.They can release results and firm bid offer on very same day.I have been in shares which got suspended due to results and it can take anything upto 6 months or even more.My guess is auditors will go through everything and any buyer will have expert's opinion on these matters before making a decision.

Out of interest James did your sources not tell you about this debacle,as if I remember correctly you bought around 25 when this bid "surfaced" and after that you were really abusive to anyone who did not agree with your "sell price" which I believed was around (85-100).

Wonder what will icecool do if wood group/Sidara deal goes through.I feel sorry for them as they have made a powerful enemy in the form of icecool for life.

@Carrot

I think James understands situation really well, he is taking a gamble on £35 offer(if there is one).

Icecool a deal is better but I cant understand your thinking.I have seen your posts on Avct as well.I used to know a similar character who had a blind faith in company and its propects, when company was on the brink of collapse and shareholders got nearly wiped out, he bought significant amount of shares and company went to 20 bag at one point.This guy could have netted a life-changing profit but he decided to stay invested.Needless to say his profit disappeared along with his money.

To reassure market, this is affecting private investers heavily.

By the way have you heard back from FCA as I am going away next week.So tell them to hurry up.I was going to message you my details but cant do it now.As state you are in.............

Robert I did tell you to take some time off bb.We all have different opinions and you have to accept that.You have some serious anger issues.It is only money, there is no need to be nasty to anyone.Chill and go for a walk it will do wonders for your mental health.