Member Info for Sturm

It's up 15 % with less than 800 shares traded today. I don't know what that proves... & less than 400 shares yesterday.

Down 37% YTD?

Do any of you (still) read G_G_G's posts? Just wondering.

Agree 100% Scott. What we might hope for is a major holder (should not take many % to get to that point here) who's able to provide a Chairman that's more hands-on and who's able to keep the board and PB on a tight leash.

DT, it's not a scam, it's just too small. Outstanding shares:

Oct. 5 2023: 917.185.561

Oct. 7 2024: 913.232.696

Oct. 5 2025: 913.314.676

So at least they're more or less keeping LTH's free of dilution via buybacks and cancellation of the shares (vs. management warrants/PU's), which I guess is the main purpose.

If they wanted to increase SP or EPS, they'd go big on buybacks (and get some TO protection as well).

Well, as I wrote 2 months ago:

"Volume here is honestly pathetic. They should either delist from AIM or at least commence a 1.000 shares/day buyback."

So far, that has aged well. They either delist or start buying back shares, forcing some trade to the platform. Right now it's just a waste of money (and they've got plenty to spend it on). There's no point in having the share listed on AIM as far as I'm concerned. I've got a stamp here, bought in Canada.

Aligator, is it just me or are some Brites just whiners?

I guess the cool Canadians isn't going to let the SP go down as much as the whining community in London might like it to, today.

Anyways, if PB has any balls and has a good read on Cas5 from logs, it would be stupid not to wait with the last bit of equity till we've had flush production from Cas 4 & 5.

Nice presentation. Great for viewing declines; would have been nice if they'd marked new wells in the graphics.

If any other company had 2 wells coming online directly at a pipeline able to handle NGL and gas in big amounts, I wonder if the British audience would have started by sending the SP 8+ % down? We have very fine logs from 1 well and at least can produce from the other.

At least the canadians were not so keen to judge a book by its cover. Had the news hit Canada first after AIM closing, I wonder what we would have seen today.

At the present rate it'll take them 160 years to buy back all shares... that's close to worthless.

Also the mentioned investor warrants vested years ago; now it's just management warrants.

They could have reduced the number of shares to 500 million now, if they had wanted to do so with some of the money from the bond and some of the dividend money, basically doubling dividend per share going forward.

I did suggest that - what a stellar investment it would have been. Instead they ended up with a bond and bond costs to no avail. It was partly supposed to be used for aquisition, but they failed and we ended up with pretty much nothing (when they could have used some of the money to buy shares either for the vault or for cancellation.

I think GGG in generel believe that all investors are short/medium term traders, including the institutional.

So he expects them to trade like him. That's the reason behind all the "thin air numbers" we get in every post.

I expect to be around at least untill they poke at the deeper targets. Not much trading here.

(I'm e.g. sitting on Valeura shares up around 1.000% in a few years; I wonder how much of that growth GGG would have endured).

I wonder why MM's begin the day with 14.00 - 14.75 in spread when it closed @ 15 yesterday and TXP traded 14.5 - 15 yesterday.

They can't be looking for sellers.

Major shareholder doesn't care about the SP, else they would allocate differently. And right now they're hardly earning what they need to pay out dividend - maybe it'll change in a couple of years when they're done pouring dollars in the river or if brent goes up in the 80 's. Idk if that will happen with Mr. Orange in the White House though.

Honestly, the market is pretty forgiving. 2 - 3 good quarters and most will be forgotten. 2 good years and nobody remembers or cares IMO.

Still a long way to go to get back to ATH market cap; even when dilution is taken into acount (the asset base is ofc. much bigger).

Let's hope we get a solid hook up with Cas 4 & 5 and fine flush production; then sentiment will change, maybe even faster than the SP.

@ TheNavigator: Have you had a look at what the BoD and managment owns?

What share of their fortune do you estimate they've placed (at the time of purchase) in TXP since it's "no skin" - and what amount should it be?

Happy to see number of trades being higher than number of posts here today :)

To give some idea of the long term flip flop approach by Aligator (who's btw a rational and fact-driven huge holder of TXP), this is nice for context and it's easy to be sympathetic:

""I have steadily built my holding in TXP into the high 6 figures, with an average price of just under 60p. Thus, at 173p ( I am still buying) and heading towards who knows where, I am now realising that, for me, this company is fast becoming life changing and will massively enhance my retirement (13 years ago). What will add cream to this cake is the fact that I have substantial capital gains losses which will absorb a very large portion of the tax liability when I sell. That said, if I have to pay CGT on the balance, I am not exactly going to complain. Why write this? Simply because I get the impression that most, if not all other posters here, are in the same position re their TXP holdings and to say good luck to all investors, including those just discovering TXP. This truly is a once in a lifetime share and I am delighted that it appears that private investors, rather than II's will make serious gains here""

Let's hope we're back above 60p soon. That should help sentiment flip flop.

A very decent chunk goes to employees - probably a very, very good idea.

Ofc. Baay and CFO should only receive warrants vesting above ATH price, adjusted for dilution. LTH's would applaud that.

Lol, you’re trying to “educate” people with what reads like AI boilerplate. Not sure if that’s funny or just sad. You’re not able to answer the simplest question I could come up with without being condescending.

So tell me, why is inflation relevant, when it's equity and net profit will follow inflation. There's a multitude of variables that are more decisive. Maybe ask CHATGPT to handle that next time.

So, Aligator, what's the market cap going to be for a company in O&G, that earns 4 million in a quarter?

Aligator, it's absolutely nonsense to talk about what increase in NAV they need to prove to increase the SP X or Y %.

Try making an estimate based on 4 million £ in net result in Q4 eg.