Member Info for Special666

Net assets were 12m at half year, currently our shares are valued at 9m.....according to the financials it's undervalued. Whether it's a dog or not is more of an opinion than fact. Agreed Val is a dog.......

Half year - net assets were 12m, I'd expect that to improve in the full year results. This is undervalued imo unless someone knows something that's not in the public domain. Imo

Agreed, massive upside here me thinks....

Where are you Looking? Buys far outweigh the sells.

Looking at the trades I'd say confidence is very high.....

Wow operating costs down 29%, hopefully Q1 we'll see the production back up to an average of 800 while carrying these savings. Not bad at all.

A good set of preliminary results = 20% reduction of SP.....strange. I'm not invested here yet but iits certainly presented an opportunity.

Thanks Albino, yet here we are nearly a year later with nothing of any substance. If you're lucky they may put another advert in the Express.....If there is a strong inward investment policy that I'm missing then please let me know. I focus on capital investment because its pretty fundamental in any business. 13 years (nearly 14) without anything but pays big salaries is a lifestyle business imo. I'm not saying anything out of the ordinary....just stating facts. I'll keep buying and selling this share on the peaks. It's a cash cow if you follow their patterns of news etc....

What do you think the results will be Irene? All I can say is, from the updates and the information available, that it's definitely going in the right direction. With the share volume it's never going to be £1 a share but I'm happy that this could sit in the 5-10p range one day.

Activities up 16% from Q2, the SP per barrel has risen significantly. The contract awarded with Shell.....The lower cost price post acquisition. Indonesia....well that's the end of Q4/FY19 but it's a benefit. I'm liking what I see, I think you'll be pleasantly surprised. Once profitable they'll do a buyback or some sort of consolidation....they'll need to take the share volume down at some point.imo

50p-£1 would value GGP bigger than most banks.....sounds legit.

*** factory = actually *** bloody autocorrect.

Essentially it's good because what you'll see from now on is a set of realistic results from operations. Revenue, less cost of sales, less admin = profit or loss. No large asset revaluation, I can only imagine the owners are a bit annoyed that what they paid for isn't a factory what they received and the goodwill adjustment didn't cover the impairment. At least they've done the hard work and it's light at the end of the tunnel time.

Because they wrote off a lot assets in those years. It's an accounting adjustment to get some of the assets that are not of real value off their books.

I wouldn't of thought that Apple is paid To ramp, I think he's doing his best for investment.
The question about this fund raise remains imo. GH informs the Pi's on multiple occasions that the business is fully funded.....the dilutes the Pi's holding a week later.
If fantastic news was due then why not wait and do at 5-10p as that would be more justifiable. For me, over the year I'm yet to see anything other than a life style business. The BOD appear to be safeguarding their salaries, according to there accounts they transfer the funds to their private exploration entity in Australia (see their cash flow statements). As we don't see how that money is spent then it's just plain trust that's on genuine activities. It certainly
Isn't on capital investments as thet would show on the consolidated parent company balance sheet. All expenditure is fully expensed ......but a week ago the same people said this was fully funded. Questions need to be asked imo.

To be fair it'll be close to break even if it doesn't make an operating profit. Promising to say the least, I've invested here at 0.12 as a quick win but the more I research the more I like.....especially the finances!

He's not the messiah, he's just a very naughty boy......

Onice again the man known as Doc called it and once again he's right. I'm going to pay more attention to that guy.

lol.

Who cares?