Member Info for Sir_Hector

Wim777, I think you might be right. If they’ve cleared the CCS loan that suggests to me that the purchase of Mt Winter has probably moved forward too.

I don’t get it, the price is falling but I can’t get a quote for more than 150k shares

Well no, not a shame at all, a great opportunity. I plan to buy in again if it does!

I suspect we’ll see this back in the 5s soon. I can’t really understand why given the volumes but the MMs really don’t want to let this fly

I’m all bought out atm, too much of my portfolio in GEX so sitting tight. However, I have some cash from selling a slice of my RIO stock so am tempted to buy here again if we have another dip. Keeping my powder dry for now.

Sorry, it was 250k shares for £16k ish. Can’t now, NT

Still plenty of shares on offer, I just tested a 25k buy and I could have bought at 6.39p

Well lets hope re-grading the surface was the first job they completed or you could be in for a bumpy ride!

Yeah, I’m pleased to see that despite the raft of new shares landing, the SP has held firm and not drifted down to the 3p range again as many predicted. Fingers crossed with the trading volumes all the new shares will have sold by the end of the week and demand will remain unsatisfied forcing further increases in the ask.

Thanks M22C, it’s possible that the exact details haven’t actually been agreed. In fact I suspect only an outline atm until spud and composition and flows are better understood. There will be a further significant spend required for volume processing so I suspect you’re right to assume any revenue will be a fair way off, hopefully less than two years from now

M22C, as you were there can you tell us what the agreement is for wellhead sales? Does the first £25m go to Harlequin or is there stepped agreement? It makes sense for GEX to have a revenue stream asap to avoid the need to keep raising working capital but equally the initial terms should favour repaying Harlequin. Has this been made public?

And up again, 8300 as I type. My next sell point is 8500!

Well I’ve just sold a 1/3rd of my holding at 8250 which is just shy of a 100% return. Can’t complain at that and while I have a feeling the rise could continue, if it has another 5% drop I might get back in!

I’m a bit clueless to what is actually driving the price here. One minute it seems unstoppable, then it takes a 5% hit yet seemingly recovers again and continues up. Anyone have a feel for the true ceiling? I was looking to take a profit at 8250 a few weeks back but it sank. Now it’s back I’m tempted to hold a little longer.

Would help confidence if someone had proofread the announcement and made sure the date was correct. Wrong year stated!

Any company without a revenue stream is going to need to raise working capital from time to time. There will therefore then be a number of further raises required until such time that Georgina see revenue from Hussar. That is likely to be a while away yet. However, hopefully by spud, the sp will be much higher so dilution will be a lot less.

Yup, the raise has pulled the rug out from under the optimism of the weekend. Although in reality, little has actually changed and the momentum will naturally build again. I don’t believe the ramping was done to facilitate the raise however, it was genuine enthusiasm and the raise was just timely

Well I have to admit I suspected cash was getting tight despite the previous £1m raise and the warrants. Harlequin are funding the drill, I suspect not all the associated road repairs that were talked about being shared with others. I suspect that’s was done by a third party and was part funded via Westmarket. There is also the need to have cash to complete the Mt Winter purchase and fund all of the other day to day business expenses (like auditors, lawyers, agents etc not just director’s salaries). With luck we should be good for cash for a while yet to support the business and if more is required, hopefully a smaller dilution at a higher price! I’m assuming there will be circa 250m shares in issue when Hussar spuds!

A $100bn MC with what, 250m shares perhaps? Where would that put the sp?

I’m not sure we are getting carried away with our price predictions as they are well within those already produced and freely accessible on line to view. The Oak securities one is a little out of date but clearly properly worked through. I’m sure there will be potential investors doing their own homework shortly too and it will be interesting to see how the market reacts hen trading opens on Monday. As has been pointed out, volume of trades is key and if we see more of the same volumes as last week and more I have a feeling we might find out exactly where the sp is heading.