Member Info for steve58

We need that sale soon.
So without the helium one share sale they would have been up schitt creek so to speak

Good morning Chris.

Where the millions have gone from the helium one share sales in a few months is very concerning.

The deals done regarding the new strategy can hardly justify millions in costs.

As you say everything hinges on a Ruvuma sale for a good price.

Evening Chris.

Another bad day as far as the share price has fallen again.

It is currently valuing Ruvuma and Kiliwani at almost nothing.

I think a bit more commitment and clarity as to what the board are doing and where the cash had gone would go a long way to restoring some confidence here.

I think the two main problems are the fees situation and the new strategy imo will just take too long to generate a decent return for shareholders.

Still think we were fobbed off on the aborted deal but that is in the past so nothing can be done now.

The weather doesn’t look too bad in Tanzanier at the moment so maybe more seismic can be complete Whether we get a partial update or have to wait another six months I’m not sure.

Don't forget the £500k on the name change and £300k on DM redundancy package and tax payment on options.

They need to get out of bed a bit earlier and not let someone else do the work.

Although taking it further may be more lucrative in the medium term I think an offer of $50 million or more would be accepted by directors and shareholders alike.

I think everyone is fed up with all the years of waiting.

Seem to remember cove being bought out for a billion plus for gas assets about 7 years ago.
Still not producing as far as I know.

I’m sure the board would accept $50 million plus.

As I say anything possible here.

Thanks.

I do my best.

Holding 20 million shares so enough reasons to want us to carry on.

I have had a few e mails from Natasha at Nxt tec.

Seems confident enough to me.

Website has been updated recently showing some very large projects.

Have e mailed Charles at Leed regarding being a cash shell with a few million in losses which could be used should another company buy us out.

Imo we are not finished yet.

Does really hinge on an ipo at NXT Tec.

Looks as if we could be taken out on the cheap given our constantly falling share price.

Must be fees.
A JF termination package.
Anyone's guess.
They are certainly not doing the job they are being paid to do.

Good to hear from you.

Hope all well at your end.

Imo the Leed board could have done the accounts with an estimated value. Written down by 50% as it is. Incurred a few thousand in late filing penalties.

Got a personal e mail reply from the chairman.

Hopefully the projects on the website have been started.

Seems accounts are held up due to availability of audit staff. Probably to do with the virus.

Hope it gets sorted and our company can continue.

Have a good Christmas.

ATB

Steve

I have had a reply from the nxt chairman. They are working with their auditors hoping to have their 2020 accounts finalised before Christmas. They have informed the Leed board.Hopefully a good outcome.

Thanks for letting me know.

I still hang on in hope.

Still can’t believe it is all a scam.

Keep well and have a good Xmas.

Any news I’m always looking in here.

You forgot to mention the nose picking and what looked like a we dram.

Good afternoon to you.

Seems strange their website shows many high value projects.

Three out of three dud investments.

Either bad luck or the company haven't done due diligence. Maybe they should have stayed closer to home. Only a few thousand a year to keep company going. Imo they should wait a bit longer.
They have waited over five years.

Issue shares at .1p each.
Raise a few hundred thousand and start again if need be.

Why have the directors hung on this long just to liquidate. Maybe someone will buy the shares.

Morning Chris.
Thought the meeting was reasonably good.
Regarding relinquishing the asset no chance.
As a final option the directors probably have enough personal funds to lend the company.
Doesn't look like any special dividend.
Couldn't believe it got answered.

Not the outcome I expected given the nxt projects and website.

Seems our board invested in not one not two but three scams.

The board should be held accountable for lack of due diligence.

£3 million or more.

Interesting how a company doing so little can spend so much in such a short time.

I wonder if JF got a golden goodbye.

As for the money for the seismic.
It's been a couple of months since your phone in.
Maybe more fees have eaten into our cash in that time. Thought Alastair looked a bit rough. Looked like a scotch he drank.

To be honest the new strategy is years too late imo and will take at least 5 years to even generate a profit.

May as well see ruvuma through to production.