Member Info for SpArmada

The acquisition only makes sense in the fiscal point of view, they want to lower the effective rate and the huge losses accumulated by Tailwind are meaningful for this purpose. I don't think this the deal MF mentioned when he added to a presentation that they were looking outside the NS.

Whay is that good news? We all knew there is a lot of gas in there, the issue is taking it somewhere else and not burning it.

Regarding the creditors, why would they extend the term-out clause? If they wanted the money back, they wouldn't have done that twice. The new funding would come in in April, right after the shareholders' meeting and the first court hearing, perfectly timed to be sure the SoA goes through.

Contrary to Amigo, the SP has not risen in the previous weeks and the 19:1 dilution wasn't accounted before the announcement. IMO Morses' SP already prices in the dilution, and if the SoA is approved, the company will be able to raise equity in 2024 at a price much higher than 1p.

Time to send the whole container ...

Many people that bought sub-15p could have been selling to realise gains, as there hasn't been any news recently (2 weeks without a RNS ... wow!). Nothing to be worried about IMO.

Old steel gas pipelines are not great for transporting CO2

I bought some at 1p ... I still see some value if the company gets through this. The lenders don't seem to be particularly worried and extended the term-out clause. I saw in TrustPilot people complaining for not receiving loans, so there is demand out there.

They published today information that was already available. When JP Morgan is totally out of the company, the SP will rise, it is a matter of time.

At least we have the main lines for the SoA, a 95% dilution as in AMIGO. In this case, the share price is totally depressed, so it is unlikely there is an opposing position by the FCA. If the equity raise is done at current price, the company would have a market cap of ~£60m, which is a bargain when the claim issue is solved.

Bad updata today, last drill wasn't a success and company does not understand why. That has hindered the buybacks. Let's see if we see this $1.5m buybacks as a weekly basis. The whole program would be completed in 20 weeks, or roughly 5 months.

Take your bets, amazing display of logic ...

The outcome of today's meeting could be that the EPL is capped for both oil and gas, with different levels. Oil is negative in the year, hence, the WFT makes no sense, but gas is at historic levels. An acquisition in the NS that adds more oil than gas will be complementary to SQZ current assets. MF has a past in oil companies, so he is capable of such transition into a 50-50 balanced portfolio.

Canary, like you believes anything I said. I bought in early 2021 with the surge in december 2020, and sold in March this year with a loss of 25%.

Monkey, they announced they were below the 5% level needed to report any future sale, it doesn't mean they had sold every share they own. I'm just warning that they may keep seeling shares, so relax.

JP Morgan still has 5% to sell, it is not over yet. Wait until you see a big drop in daily volume

Astonishing salary to be honest. At least he could pay himself (well the shareholders actually pay him) in options or shares but not on top of his salary but sacrificing part of it. It is ridiculous he is not able to buy any shares with such salary and the SP at this levels. I hope some comes with the sweep and pushes him out for being so dismissive of the company's future and doing virtually nothing.

It is available since this morning. Rupert didn't go into much details. It was more like a presentation as a CEO. Little new info on future plans or the current production from Elgood and Blythe. Some details on the issues that have been partially solve, but the definitive fix will be another well at Blythe. They did have an optional third drill in the contract with Noble and I guess they will use it there after A1, Goddard and Kelham. The COO has also brought some new guys to strengthen the operational team, which I think it is the major highlights.

https://twitter.com/Carlos_MoraM/status/1600804926313353217?s=19

Can anyone tell me what's going on in the UK? When is the government stop this nonsense?

https://www.bbc.com/news/uk-politics-63892381