Member Info for Skeletor

Can I also just clarify the comment - 2023 production 8500-10000. In the interims we did 6000 in 6 months. I expected that pre acquisition we were ahead of 8500-10000 so have I misunderstood this?

Thanks

I am simplifying it too much here but ignoring the warrants we have taken an additional $111m debt and have increased our production by 2000 BOPD. That seems expensive to me... PTAL has Mcap of $520m and produces circa 20k BOPD valuing 2000 BOPD at $52m. SQZ valued at $1100m produces 43k bopd so 2000 bopd here is $50m.

Is it the reserves that make everyone think this is a great deal?

I think everyone is slightly blinded here by the promise of 8p in 1 years time (2%)

The contracted revenue of 50m is vs 60m this time last year.

I still think this is a good company at a good price but I wonder how the market might respond to a first time of dropping revenues which is a real possibility in the H1 interims based on booked rev.

Hi. Is anyone able to point me towards any commentary the company have made (hints or otherwise) as to timescales they might be mining and selling gold as opposed to feasibility studies (results of which I appreciate will influence the answer to my Q).

Thanks in advance.

Glacial progress

Crude trader - sounds a bit of a desperate last roll of the dice on deramping. Are you the one who has been selling the last 4 weeks?

Maybe MOS will create a get out of jail free NFT. Make it shiny and should sell well

The settlement is going to be $200m - $250m dollars - we have almost been told this. We may have to surrender $80m-$100m to the litigation funder. Might be less but worst case.

So I would love a plausible reason why at the lower end of reasonable outcomes NANO don't at least come out of this with circa £100m - Pretty much the Mcap this evening. Cash burn is currently miniscule so without ramping up operations (which may be a good thing) we will have this money in our bank account for the foreseeable.

Seems to me we have arrived a pretty favorable risk v reward.

My take on this mornings RNS is. Low end is $200m. So worst case (but probably not far from the reality) is $200m - I don't think there will be a second figure that then covers future royalty. There is going to be 1 settlement figure and BT has basically told us the region t o expect that in - It is up to you to decide if $80m is the settlement for historic loss and $120m covers future royalties or any other spilt but I don't think there is going to be second windfall on top of the one he referenced in todays RNS.

If we het $200m I actually think the funders may get 20% of this as I understood a "low" settlement gave 20% up to a high settlement at 40%. So maybe $160m to NANO = £135m - subject to corporation tax of 19% and you have net cash of £110m which is 34p a share

As others have pointed out - Impossible to value the enterprise value - we went a s low as 10p a share when settlement was most distant back in early 2020s but so much else changed since then... I am thinking Current SP is bare minimum the right price and depending how optimistic you are about future earnings you could argue higher but even 70p sp would value our EV at £120m - What medium term EBITDA expectations are there to justify this?

Its a shame but when were thinking there would be a royalty agreement it was so much easier to value the business on a eps.

I would be fully supportive of a suspension between the start of the trial and the verdict RNS. Level playing field then for those who are in the courtroom vs those who don’t have time to follow but get RNS notifications as well as all those who are between these 2 extremes. My worst case scenario would be looking at my portfolio and being down £10k with no RNS to explain why.

I don’t understand why companies publicly highlight the need for a raise prior to organising a raise. Any IIs will now be looking for 0.4 as entry Where’s could have been 0.8 if done pre announcement.

Are sales constricted by production (I thought there were stockpiles so unlikely). Or are they restricted by infrastructure?

We knew about the production but I am surprised by the low sales…

Also. What happened about the dispute regarding 40% ownership? Almost seems more important than production.

I am not sure what the point of long stop dates are if they can forever be extended they become meaningless.

Hard to believe he would waste his breath ramping. There was a time when him using a word like “transformational “ moved the sp by 20%. Now though ME opening his mouth and saying something positive is more likely a tell that he wants to do another placing than anything truthful.

He is a lame duck CEO. Even if you think his strategy and methods are good… you can’t have a CEO whose words mean nothing to the market. The ones who are invested enough to do something about him would rather carry on being fleeced of their life savings than swallow some pride and admit they have been taken for a ride.

The problem now for LTH (except the obvious ones well documented over the last 18 months) is the volume being traded at these low prices.

All these people buying at 0.12 will likely sell if it ever gets to 0.15 or 0.16 as this would be 30%+ profit. This selling will make the rise look like a “pump” or “spike” and back down it will come. Great if you get in near the bottom but anyone hoping to see the placing price is relying on the traders buying now to hold out for 50% gains…. Think unlikely.

Have just bough back in.

For me the distressed Mcap is down to the spiraling fears of going concern and need for discounted placing which has a constant loop effect. This is why suprise, sharp painful (seemingly at the time) placings are better than drawn out sagas.

For me - This company had a Mcap of £25-30m with debt an capital requirements and an £18m rev forecast. It now has an mcap of £14m with no debt and money in the bank and I assume still £18m rev expectations.

The market takes time to get over these shocks but no reason for mcap to not recover back to 3-6 month ago plus a bit extra for cash and no debt.

Quite exciting.

"Sounds like test results are just around the corner"

Long corner.... maybe a helter skelter?

This could be a copy and paste of the last 2 years of RNS’s so long as someone is remembering to change the months and years so it always reads as being 6 months away…..

…. But what were people expecting this morning.

On face value this company is incredible. Will wait for FCF before 100% praise but nevertheless v impressive!!

Given 3 months ago 1 sol was roughly $35 and now it is $11 have MOS trebled the price of the NFTs in sol in order to achive the dollar revenue they would have had in the business plan or is 1/3rd the revenue anticipated being achieved (even if sales are to forecast) due to effectively selling at $11 per sol rather than $35?

Sol was $200 at one point in the last 12 months forget about how rubbish the NFT's are - Even if people want them do they really want to own an asset which is valued in sol?