Member Info for Skeletor

I take that back.... 29th Dec last year for Interims.... We could be waiting a while, Although you wpould hope they would not sit on the production figures that long.... Good or bad.

I know they are planning a H1 update "(Q2 included)" from an email exchange with Shishir but looking through old RNS feed we don't previously seem to have had cadence of quarterly or interim updates (I must not be looking hard enough as I think obliged to publish interims??).

This has turned into a sick joke.

Wow. He bought £9.8k of shares. He must truly believe in this company…. Remind me what he earns again…

Personally I think cashflow will turn out to be fine and the pre payments etc will just about see us through. The bigger uncertainty for me will be whether we are anywhere near the growth planned for Q2 & Q3 (maybe because of tight cash). If a Q2 update came out tomorrow and reassured us about cash position but disappointed us on a another missed production target how would the SP react. It has already halved since last update so would seem bad news is priced in but the problem is the market has a nasty habit of reducing an SP in anticipation of bad news as well as reducing it on confirmation. Sometimes it is better just to put the bad news straight out there to avoid the double hit.

I am an accountant JAddams. You are reading the net net line of 42m and conveniently ignoring the line literally direct above that says end period net cash 240m…. Weird how you can’t minus one number from another but claim to be able to read financial statements.

To address Jaddams. I agree it is weird to report net cash and net debt as I assume net cash is net of debt and vice versa but you are definitely picking up the wrong end of a shtiy stick with your take outs.

Have I read this right? Does Kistos have more net cash (circa 200 euros) than current mcap??

You cursed it there…. This SP decline is relentless. Just 300k shares traded and brings the sell price down nearly 10%….. how is a company worth 10% less now than it was an hour ago based on £45k of shares (presumably) sold???

I’ve been out of this a while..,, how does this affect the China partnership if the US has first refusal? Did the China thing not go anywhere?

Either way this sounds very positive.

So given how easy it was to attend and how involved you are here then I assume you have attended/had a video meet?

I couldn’t get to my one yesterday and was not offered a Teams meeting (although I did not push this too hard as woudl have also struggled to make it)

So what information has Shishir been sharing in 1-1 meetings this week that the rest of us aren’t privy to but has caused a huge (further) drop in SP? No one has jumped on here to say they went and it was a great positive catch up. Which means

A. No one who I follow on Twitter or on here went (unlikely)

B. Information was shared which has given the attendees an opportunity to quietly edit ahead of the crowd.

Or and maybe most likely

C. Neither of the above but this goes to show how utterly stupid it was for a company who has Corporate Governance sitting squarely in the needs improvement box to go and have potentially unequal conversations on a 1-1 basis rather than openly share everything in a forum for all.

When we suspended my impression was that everything would be signed and sealed upon relisting but todays RNS implies we are very close to readmission but it will be Q4 for completion of purchase. I am keen to not have the purgatory we had last time when we relisted to a big uplift and then subsequently had delay after delay on approval. Be good this time to relist with everything done - even if it stays suspended for longer.

The second time in a row they have released a nothing RNS. Seems pretty desperate to me. Just stay quiet until you have something to say…. That’s what a company which was confident would do.

Oh, and the Twitter gang ramping this last week….. clearly pumping to sell… why else did the price drop by the end of the week?

I agree - I don't have a problem with a placing but not at this price (although I would have said the same at 31p and yet a placing at 26p then probably would have meant not ever visiting the 20p levels we are at now.

Thanks Zan - Really appreciate your reply. I guess I am trying to stress test all reasons to not invest more. Got burnt with NAPS when they delisted. Only other thing is a genuine liquidity event is happening and we will be the last to know.

Other than the above this is a screaming buy but how long before the wider market agrees? Q2 update? Or later?

Do I continue to top up at what looks like incredible value or do I take the hint that the wider market knows something I don’t….

Is there a danger that the Poddars decide to delist (they are not exactly getting much benefit from being listed at this mcap). What is the vote % needed for such a move and how much do they have? No suggestion this is on the table but when considering risk to what is on face value a screaming buy this is one of the ones that nags at the back of my mind.

Down about 7-8% on about £30k traded…. How?

2 amateur questions.

1. Why does AET have to suspend whilst completing transaction when I see plenty of other companies making acquisitions and continue trading- Serrica energy for example? I sort of get the first time as my understanding is AET were a shell company purchasing assets for the first time (correct if wrong)

2. Given AET did suspend last time and then be re admitted why was not at the point of the transaction completing? There was then a drawn out period of will it won’t it complete. If you are going to suspend then why not stay suspended until 100% complete.

Makes no sense (to me)

If I hear “short term” it obviously depends on context and helps if familiar with the company but as a new investor to a business previously not researched I would think short term is within 12 month. Medium term within 3 years and long term beyond 3 years. Not many companies have any sort of vision beyond 5 years so I would likely not take any timeline beyond 5 years with any seriousness.