Member Info for Syste

Good news leaking, or just natural re-rate? Envious of folk who bought at 12.5p. Get those pumps going BOD.

Is it others' understanding that the $100 revenue target for end of phase 2 does not include any standalone lithium, only the by-product?

Agreed Antelope. Nothing Al has said or done so far gives me sufficient confidence that this isn't a straightforward stich up, which pretty much any outcome except what Rhodi suggests will be.

Presentation this afternoon will hopefully add more meat to the bone.

Great news. I would like to have more information about what their analysis showed. How large are these potential fields. Was the analysis above expectations. Maybe that's getting ahead of ourselves... Need to actually prove we can get gas to flow this time. I wonder if they'll RNS Sabria? They seemed strangely reluctant to on one of the last calls, but surely it is price sensitive info.

I'm not sure what people were expecting here.. We knew about 2021 results. In the RNS they state (and do not contradict) fincaps guidance of 4.7 million dollars revenue this year. That would be pretty decent.

rhodi how does it make sense for Tern shareholders? Like said on other board. If DA is worth 1 billion, why are we giving away 20% of Tern, equating to a loss of 100 million when we sell DA, for something worth possibly 10-20 million?

If DA is close to exit, why not wait for that and buy these without dilution? No, don't like this at the moment.

Last year it went to 30p. My gut feeling is we are pretty close to an exit somewhere. Al surely can't justify a placing lower than the last one. Time to start rewarding LTH's

On the face of it there's no reason to delist. However poor operationally the last 12 months have been, the fact remains they have 45% of an outstanding asset in Tunisia, plus 100% of a very good area in Romania, and other areas in Tunisia with excellent potential. There's no reason why they can't convert this to a highly profitable business, with the O&G prices I expect for many years. The SP will turn quickly if they get new wells online.

I think Auld may get his 6p if Tunisia fails.

Last meaningful output increase was very start of last year. Smacks of terrible planning. Compressers a waste of money it seems. 600 bpd from 4 wells. Would have been better off re-trying Sancrai. Or better yet do the seismic analysis last year and optimized targets. Instead we got rapidly shrinking reserves at a time of record O&G prices. Really great jobs. I pray these next wells work in both countries. Tunisia pump due Q4 last year. Q2 now and waiting. Frankly a joke.

Fair enough, it would be 10x for me as well, though not a large holding.

I would have thought any takeover would have to be at a premium to 25p. Why should shareholders accept that when commodity prices are forecast as they are?

Where is this from please?

'The 10:1 consolidation planned for 13th May, so day after AGM and resolution approved. ' Where are you getting this info please?

Thanks for the summary, but I think they're answers are quite poor, and it looks like someone's had enough. They are highly intelligent but don't understand about the process of releasing news -> gaining higher SP -> less dilutive funding? That seems pretty incredible. They're not telling a story and outside of a small loyal group, understandably nobody is buying into one that we have to construct ourselves.

Feelin quite gloomy with my 14p average. Sounds like the company is doing well, but sentiment is in the gutter due to poor managment. I would accept a T/O at 16p. Is that too hopeful?

Just shows again you can't rely on anything said privately to PI's. I don't doubt you were told that Obelix. Do you feel somewhat let-down? I'm invested here for the long-term, but I think we all have to admit that RNS is effectively a can-kicker with a predictable reaction.

Production was meant to start this year. Will that happen now?