Member Info for Sharetrader123

Indeep that’s exactly how I see things. Most of us are balls deep in this share and at least we will soon know before very long one way or the other. On a more positive note we actually ended the day not in the red for a change.

Trellis I did wonder myself why they had opted for the micro LNG especially as you say there were plans to import it on a large scale plus it’s expensive to make it in the first place. Normally the use of LNG is used as an alternative where there is no stable pipeline supply of gas which is what I assumed was the case with the morrocan infrastructure being in its early stages.
One would think however as the gas pipeline infrastructure increases then it would be far more profitable to pump the gas direct to the main.
I appreciate it might take a good while and serious investment before we were at that point and perhaps the LNG was a short term stopgap which enabled us to sell the t5 gas into some sort of market?

Trellis, no problem with dampening my spirits as any feedback from a long term investor is always good and useful to balance a perspective especially for newcomers to this share like me. I’m not confused with the LNG or pipeline and did mention that the pipeline would come at a later date. I also appreciate about the LNG tankering situation as I have over 20 yrs experience within the LNG industry including tankering operations.
What I was assuming (rightly or wrongly) was that the LNG was for the local domestic market and that the transportation costs would be reduced as they were not exporting by road to neighbouring countries over vast distances.
Your views pessimistic or otherwise are always welcome.

PS LNG can also be expensive to produce depending on how many contaminants need to be removed from the gas. Carbon dioxide and hydrogen sulphide being the main culprits. The good news is that there is a local market on the doorstep so transportation costs will be low. Most profit would be if the gas was put straight to pipeline for the local market and this may indeed come at a later date.

BB yes originally I knew that I would have to wait some time before we see the large sustainable push with this share and I have no choice now as pulling out would wipe me out so like others find myself somewhat trapped at this moment. I would have thought that the pump and dumpers should have moved on so I am still baffled by the huge swings still prevalent.
Perhaps to avoid all this depressing slide I should not keep checking the price and come back in 12 months time, hoping everything has panned out by then.

Joe I agree it did rise too fast and possibly too far but that was based on positive news. Considering there is no negative news then it should stabilise a little instead and perhaps slightly drop but not by these huge percentages.

Testpack it appears that we are all in general agreement. The sp is likely to fall back with no news and I’m not expecting much to be honest in the next few months. If/once we get to production it will take at least 12 months but we are clearly heading towards that point but I have no doubt the sp will easily reach and surpass 10p when the gas is flowing. How much the price will push on from there will depend on how much revenue/loans have been structured and how the company spend to expand their production plans.

PS yes a bull trap is exactly what it is. However I am still confident and not out of desperation given my situation. I invested on the basis of what I understood at the time and still believe in that decision . I did think at the time that I would have to give the investment time and this is still the case. I wi either be right or wrong and time will surely tell.

Sorry ps not jps. Also don’t know how it posted twice but fat fingers and IPhones are not a good combination.

JPS I wouldn’t say that success was a total no brainier but more likely than not given the circumstances. Having read some of the reasoned comments in the last few posts it is clear that although optimistic there is still one or two hurdles to get over before the flow of gas is nailed on. Perhaps my optimism is slightly tainted by the fact that I am now balls deep into this share and although I have only recently purchased at the recent high find myself now trapped by the fact I’ve invested at the wrong time. I may not like hearing negativity here but appreciate it all the same as it gives a grounding to my optimistic position that may at times be somewhat unrealistic. I find it depressing that the current sp seems to be eroding large percentages on a daily basis but appreciate that the longer term shareholders have endured this over a considerable period with huge losses so I won’t complain.

PS I wouldn’t say that success was a total no brainier but more likely than not given the circumstances. Having read some of the reasoned comments in the last few posts it is clear that although optimistic there is still one or two hurdles to get over before the flow of gas is nailed on. Perhaps my optimism is slightly tainted by the fact that I am now balls deep into this share and although I have only recently purchased at the recent high find myself now trapped by the fact I’ve invested at the wrong time. I may not like hearing negativity here but appreciate it all the same as it gives a grounding to my optimistic position that may at times be somewhat unrealistic. I find it depressing that the current sp seems to be eroding large percentages on a daily basis but appreciate that the longer term shareholders have endured this over a considerable period which huge losses so I won’t complain.

PS, it is fully understandable that trellis would be cautious given the long history regarding the previous board etc. I just can’t see this failing now given that the t5 has substantial reserves and proper revenue generation on tap .There is a big difference between this position and wishful thinking that it might have this potential. Nothing will give this company the industry legitimacy and respect like the gas beginning to flow . In one of the interviews the board acknowledged the fact that it was important that they raise the sp in future as this would make it easier and cheaper to borrow money In order to invest in ever more expansive projects. My only disappointment is that the share price is slipping back which seems to not reflect the positive news of the last fortnight but saying that is this really important in view of where we might be in a year or two?

Trellis I can see that long term shareholders might feel that progress to delivery of gas has been overstated in the past and they must be totally frustrated at the massive eroding of their investments over a long period of time and have endured a long and painful journey to get to this point. Even recent investors such as myself are trapped at present due to buying in at the recent highs but obviously not as much as some of the longer term investors. Even the most sceptical of investors must realise that finally all the cards are lining up nicely at last. Once the gas flows things rapidly transform and surely the only threat to arriving at that point is the bond issue or not securing the correct funding ?

Indeep I do genuinely believe that the thirties is possible. Gas flowing and a local market to sell it with 10 year contracts will give this company some legitimacy in the industry. It is even possible that the share price could push even higher but this would be dependant on how the company uses this money to fund further development. I agree that the share price might even drop or stabilise but the real push will come next year and beyond so it’s just a case of sitting it out but I think the company is more likely to succeed than fail given the present situation.

I know it’s early stages right now but if they start flowing gas then expecting the sp to get back into the thirties is not impossible. They will have signed long term 10 year deals guaranteeing a stable price plus all the gas produced has a ready made local market crying out for energy. As long as nothing derails the ability to get to the gas flowing stage then once reached things will look completely different and the sp will no doubt reflect that.

I totally agree. Although only new to this share, I can clearly see the potential for sure. Patience is the key here as there will be a stream of positive announcements such as bond, gas sales agreements , LNG tender, build and operation and eventually cash flow . The only thing we do not know for sure is what the eventual share price will be but hopefully exiting times ahead .

One would think that the share price would not have sunk so low given the number of positive updates. I am coming to the conclusion that if this positive news is still making the share price drop then we are going to see it dropping further possibly down to the 2p mark until the gas starts flowing. I didn’t expect it to rocket at present as some were predicting but at least thought it would stabilise around the 4p mark. I have no doubt it will eventually do quite nicely but can’t see it taking off for at least 6 months to a year. Does anyone agree with these sentiments?

Can anyone shed any light on the in day swings . Up over 9 percent an hour ago and now down?

Ericnat the share price is certainly doing some strange things. Up today over 12 % then looked an hour later and was slightly down. Could this be investors simply profiteering from the big swings?

I genuinely thought the sp would clear 4p and start to build slowly especially as we have had quite a few positive bits of news during this last week.
One bit of positive news is that the Moroccan government are easing Covid restrictions in three days time so at least the board will be able to meet face to face for future negotiations.