Member Info for SunZoo

Oh, that’s interesting …. non-exec Director and Chief Financial Officer have a history of running companies into the ground

the issue that I have is that Winx was identified as the target that would confirm the block (statement from GB). Now DW is saying of course they looked at other targets nearer to the other discoveries but opted against it because "the prize" was smaller. So slightly concerning that perhaps they didn't drill entirely based on the best chance of success. Anyway looks like a waiting game for us as 88 will most likely focus on their other projects

"We will also be undertaking a review of the oil and gas business" … that bit made me laugh in a gallows humour kinda way

I'm pretty sure the lack of a conventional road means we can only drill during the winter season, which ends in April. So being realistic the earliest another drill could take place is early 2020, unless something crazy happens. Therefore, no point rushing anything, and my honest opinion is that whilst the Alaska project isn't over yet it could be on the backburner for a while. Meaning the board will have to chase alternative projects with the current funds available (or raise more)

yeah, I get that Great Bear were short of cash but to complete the drill and then not test it? surely something could have been done with Halliburton to get this over the line? i'm just mulling this over and 88's Icewine Project - massive potential but nothing definitive in the immediate vicinity …. yet

Why didn't Great Bear test Alkaid? I get that they couldn't in 2015 due to bad weather but there must have been an opportunity to do so at some point after that

I've just watched back a presentation by Bandy, painful I know, but in the Q&A about 23mins in: there are other targets in the block but Winx is believed to be the best chance of success (which I assume means a commercial find) and its "probably unlikely" a follow up well will be drilled if this one proved unsuccessful (which it is). Perhaps their views might change following the analysis of the drill but for me at least, Winx was make or break for this block, until im told otherwise.

https://www.youtube.com/watch?v=C0sju7Cr37g&feature=youtu.be

so this joke of a company has run out of money again …

I think everyone needs to calm down a bit - in my opinion a near term market cap of £25-30m is on the upper end of optimistic. Given that we haven't exactly smashed the UK market in terms of sales, I'm dialling down my expectations from the expansion into Europe. I just don't get our products - light switches and dimmers, really? the big ticket is smart energy monitors (yes, the stuff people actually want) but players like Hive already dominate this market

Half yearly results were predictably unimpressive. quite frankly the numbers are awful - one of the distribution channels needs to start doing some sizeable business soon or, in my opinion this will go bust. Last funding round raised �4.9m in Dec-17; 3 months later cash at bank �2.46m!! this company has and presumably always will burn through cash at an alarming rate. shocking

to be honest, i'm struggling to see the positives. yeah, ok revenues went up a bit but still loss making, then again its little wonder if your administrative costs are over 50% of revenue for the last 2 years - seriously?? if anything the current share price looks generous to me - with cash in the bank at 300k this needs some big contract wins soon .... here's hoping

So it's finally dawned on this company that sales and revenue are required, could that be because they wouldn't dare to attempt another placing??? i still have my reservations - this stuff isn't exactly flying off the shelves: who actually needs a light dimmer? anyway, lets see what the new guy can do. good luck all

looks like big Ron found a spare 100k down the back of his sofa and decided to pile it in here ... nice

jeez, this isn't fun anymore. have the board overstretched it a little with the Trax deal (and the other possible acquisition?) following the purchases of Intelligent Finance and Bell Finance earlier this year? A lot needs to go very well very quickly in order to get the share price back to recent levels. Hardly make or break at the territory but this does feel like a bit of a watershed moment. Good luck all

Hmmm, news is out. from what i can tell: selling (or giving away) the existing "business", ridiculously large share issue for peanuts followed by capital reorg then the board are off shopping for natural resource opportunities to invest in. where is this all going to end one wonders ......

News update has to be Final results for 2012??? i'm just hoping its not "ongoing negotiations with an eastern european post office" tbh. surely this has to be a cash shell for someone at this stage of the game

Pleasantly surprised to see yesterday's announcement being reported in today’s Daily Mail. the suggestion is that Richards might have brought into the company via yesterday's placing and that 1Spatial is attracting the interest of WANdisco's backers - Hargreave Hale gets mentioned. well worth a read if you get the chance.

Still disappointed with the market reaction to yesterday's news, however maybe it was to be expected. despite the company being profitable and well run, i fear the share price could bounce around these levels unless there is a transformational deal out there to substantially increase the loan book. "Possible portfolio accquisitions" was mentioned in the update but it didnt give me great confidence that this was a major strategic aim at the moment.

Can see WH Ireland have 1pm as a Buy with a target of 0.20 - feels like a long way away at the moment