Member Info for steve58

If the price of gas is going to rise this much let’s get this deal done and dusted before they want more money for it.

I agree that Ruvuma is the jewel in the crowd. However, with the delay in the licence it is losing its sparkle imo. I’m hoping that good news comes soon hopefully on all three fronts.

Seems helium one could be drilling before the Ruvuma licence drops.

As far as the acquisition is concerned maybe they should just take over helium one instead.

If our current deal does not materialise maybe they should just rto into helium one.

The longer we wait for the deal the more problems there must be. It certainly isn’t just the monetary cost of the acquisition. Reserves may have been overstated or depletion is happening at a faster rate then first thought. Why they can’t just buy a smaller part of it and at least get some income and end the share suspension.

Some news on anything next week would certainly be welcome.

Probably a good thing we are.

Hope psa drops soon.

When that eventually drops I think everything will fall into place.

Once this deal is sorted and shares are tradable again the skys the limit.

Helium one ipo very soon.

Plenty to look forward to eventually.

Mid cap company within 32 months if strategy is implemented.

Mc in excess of a billion pounds if mid cap valuations are anything to go by.

Although not a shareholder here I follow the news here very closely.

IMO the deal stinks something rotten. The treatment of the shareholders here is awful.

Another option is why can’t the work continue with workers being paid in shares thereby getting more in the medium tern through the increase in the sp dividends etc. Of course shares won’t pay their bills at first but then at least future funding needs will be much lower. It seems that AAL want their bread buttered on both sides so to speak. They are basically getting a multi billion pound profitable business for a very low price. I sincerely hope some other company can see the great potential here. Maybe the government will guarantee the loan. They would earn a tidy sum out of it whilst the tens of thousands of private investors would recoup their money back albeit in a few years. Anything’s possible.

A trust so probably not applicable as far as time frame is concerned.

Sdcl. Not sure what the acquisition was.

I know the board have to get the deal right.

Another companies Rns this morning closed a $110 million dollar deal in 5 weeks.

Our board must know the reasons for the delay. They seem to have all the information in early October if not before. The Rns yesterday did little to give me any confidence that the deal will happen although I want it to.

Just one impatient investor.

I suppose the good thing is they haven't called it off.
They must be doing a lot of talking.

They mention other investment options so probably trying their best.

IMO not very encouraging.

Seems that are having to renegotiate the complete transaction. if it were something simple to rectify it would have been done and dusted within a short time of the rns announcement.

I hope this is sorted as it is becomimg embarrassing to say the least.

Last October when announced lots of interviews talking smiling. Since then virtually nothing. Also no news regading any other potential deals. If this one is not happening for some reason at least bring another one into the frame.

This deal gave me lots of confidence in the new board and their strategy going forward. This is evaporating fast.

As I have recently said all this talking and deal making is of no use unless income is derived from it. As of the last two years talking and promises is about all we have had. income pays the bills and builds shareholder value talking does not.
Costs and fees are being incurred on a daily basis. Im not sure how much cash we have left but it must be getting to the stage where a possible share issue is required to raise funds. if the deal doesn't happen imo it will not be if but when it happens.

On nxt website they are now getting involved regarding temporary accommodation for the bushfire victims in Australia. Nice well written article. They are very good at pr. Although at the end of the day they are a business who want any avenue of income open to them.

Looking forward to ipo.

Priced at about $1.90 about 6 times our investment.

Even with a little dilution given the price our investment should be worth at least $1.5 million about a £1 million. IMO potential to multibag from initial ipo price.

Had a further e mail from company. I queried about directors share options which expire in April.

Apparently they will lapse. Regarding relisting no plans at the moment although not ruled out.

I’m still hoping nxt will reverse into Leed a ready made company with about 4 million pounds of available tax losses. Worth nearly a million in Corporation Tax savings,

Good evening Chris.

I honestly thought we would have heard something on at least one front this week.

On to February then. To think that the Ruvuma licence was applied for in September 2017.

Is their any reason why the gas production hasn’t been restarted. I thought all the relative licences were in place.

Have a good weekend. Still wet in the garden so not much going on there.

IMO the longer with no news the worse it is getting.

We have a company that has had no income for over two years.

Doesn’t make for good reading or investor confidence.

Some news soon please.

Now they know what it feels like to be a long term holder here.

Should read concern me.

Should read least nr.

The silence does concern.

At least one gave more interviews waffling on about our seed investment in Morocco.

Any news would be welcome.

Maybe the delay has something to do with Brexit.

Well it’s nearly eleven months since new strategy was announced and as of today we have have no income. January 2018 was the last. I know the board want to do things big time but given the delays maybe they should have set their sights at smaller acquisitions maybe a few hundred barrels a day equivalent and build that way. I just hope the current deal happens as they will have a lot of explaining to do for all the months wasted.