Member Info for testpack3

Utilty man. You posed a question - did The Failure know the price would plummet.? Er I believe so - you do not sell shares, especially as CEO if you believe the sp is stable and believe in your own argument of Golden Tickets, no-one will lose money, gas everywhere, etc. etc.
As for The Deal, the Jury is obviously out, but does it fall less than you expected?

An admission by the 'brown noser' that The Failure was probably naive. Def. Naive. Showing lack of Experience, Wisdom, Judgement. This is the CEO of a listed company. Not some bottle washer working in the NHS. All of those negatives now attributed to The Failure have been the back bone of my complaints, and others, about him over the years. And we were cast as de-rampers, nay-sayers by crude and his fellow failure apologists. Now we have it from the No 1 fan that his buddy was probably Inexperienced, lacked wisdom and judgement. I know we all deserve an apology from those discredited mega-rampers ( who were probably instrumental in some of the more gullible investors investing more than they could afford, and crude offering 'sympathy'to one such lady whose hubby was a victim - hypocrite), but will we get one. lol. Not from crude, who will be infesting other BB's where the incompetent Failure strives to extract more cash from the unwary, with his lies of how 'brilliant' a man his mentor is.

Ongoing research with the possibility of 'game changing' H2 transportation is in the field of metal anhydrides'. I first came across this with a listed company ILIKA, although, it appears not to mention the subject anymore. The H2 gas is ab(d)sorbed onto a solid, and then released as and when required as a gas. In a car eg. with a H2FC ( or generator etc), The gas pack could be purchased at local stations, inserted into the vehicle, and the old one returned for re-use, Time is same, or less than 'filling up with petrol'. There are major technical issues, but this, as often is the case, is the will of Govt,s Worldwide to solve ecological problems. ( put aside GW, think more of no more vehicle pollution as a health risk, or is that 'fake news' lol.). We can put men on the Moon, we can solve this technical issue.

Bluepalace - Thnx. I have written to Co., awaiting reply. Will inform if any different.

As a target date been given for 1st Potash production?

Part deux ( no obligation to read)
..cretin), and major Govt backed research is done on production techniques of H2, the price can drastically be reduced. remember, it is the most common element in The Universe. It's a chicken and egg situation with car buyers and infrastructure. Do you lash out mega bucks to be green and find yourself stranded with no charging station., We have all been in 2,3 4 hr traffic jams, and in Winter, with engine off to conserve battery, H2, and no heater, it's not a viable option.
If there was a will amongst Govts to reduce C emissions well below the Paris Accord Agreements, which are laughable with India n China burning coal at millions of tons pd, and accept that the only real, viable alternative to reduce C emissions drastically, in a few years, not decades, is to commit to Electric transportation for all transport modes , both Battery and H2 FC ( or others). Of course , the big obstacles, and these are political, are ME countries, OPEC, Big Oil ( has a big say in USA politics with both Rep, and Dem,, but more so the former), However, if oil companies accept that they will be smaller enterprises, and there is still , I would imagine, a demand of 15mbpd, for the thousands of other products which have oil as its starting point, then we may get somewhere. And lets not forget, supply and demand prices. If oil requirement is slashed, and prices slashed, there will always be entities that will change its green option, for a much more attractive priced oil option, and increase profits. The raison d'etre of everything on this Planet. All IMO naturally, and if you read it, thnx. **********s easily brushed off, no worries. lol. Good luck all in the year ahead. And btw, finally, a word on Brexit. I was not a supporter, but the vox populi have had the say. If you want Brexit to succeed ( The Eu do no not), then we have to act more like our Ger, Fre, and Ita colleagues. They do not buy Britsish - anything, only in small niche markets. Our streets are full of Mercs, beemers, Audis, Renault, Citreon , Fiat etc, etc., You rarely see British made cars in Eu, only the one you may be driving, and that is probably doubtful. Aldi, Lidl have done well in Uk, Tesco did disastrously in Eu. BoJo aint the answer to our problems, but give him a chance at least.

I have posted on various companies on this subject. There are major problems with EV's. I am a fully on conversion guy for transport from fossil fuels to EV for both local carcinogenic pollution, and global warming pollution in reducing C oxides emissions. Unfortunately for battery EV's, I see the pollution problem being removed from the street to the Power Station (PS), which does however, stop the very important Carcinogenic pollutants at street level. I am a big H2 Fuel Cell supporter, which has major drawbacks.
1) For both Battery and H2FC EV's, the cost is the biggest drawback to global sales game changer, especially for my preferred option of H2FC. However, there is major interest, and orders, for H2FC Local Authority Buses, refuse vehicles, trains, trams, LCV in UK, but more so in Germany and China. There are ships being built now which will use H2FC, and H2 will be produced on ship by electrolysis of sea water. Zero pollutants. Anyone who has knowledge of PHE and its plants to convert plastic to H2, already successfully demonstrated, it's not unrealistic that future H2FC ships will remove plastic from sea and produce H2. Remember, you heard it here first. lol. Some Scandinavian Airlines are looking atH2 FC planes for local commuting. Back to cars, this is where the biggest impact on pollution and greenhouse gases can be felt. 70% of all oil production goes to the transport market, about 22mbopd. The largest consumer is private transport, not ships or planes or HGV's but cars. But with 4x4s in either mode ( Batt or H2) costing in excess of £130K, and 4d saloon or equivilants costing min £30K with no xtras, it is not mass market. I see Toyota has just released an EV in India for under £6K with an alleged 180 mile range ( DYOR), It's obviously small, probably under powered, but a game changer for singles and small families on low income. Why of the reasons I believe that both modes are expensive is that the Mfrs sre fron loading the profit onto the sales price. With both modes, Mfrs will not have the cash generating spare part and servicing agents that we all know generate most of the income for car mfrs. At the moment, they will not accept that the new generation of vehicles will make the smaller, less profitable cos. Unless of course, they decide to help the planet and mass produce a family saloon selling for under £20K, That will be a game changer and take the smile off the face of the ******* , obnoxious Elon Musk.
2) Good news for batt EV's is the price of H2. Presently major production is from Steam Reforming Methane ( RDS Worlds major producer), which produces C oxides, and is somewhat self defeating for global warming. And is expensive. More expensive still is Hydrolysis of water, although I am sure when Govts get serious about pollution and GW, and the Oil friendly moron in The White House is removed, (preferably , forcibly, by armed Militia, and taken to jail for being a morally, intellectually, financially corrupt creti

Those of a certain age living in Uk, and other N countries I guess, will remember the 50's, 60's, 70's as bitterly cold Winters, often with 2 mtr snow drifts in lower parts of UK never mind the far N. There can be no doubt that the climate has, is, changing, with more frequent outlier, extreme events. I would also concur with posters who say that the planet is an extremely complex energy system, which has undergone changes over eons, to include a molten surface, to a completely snowball Earth. The evidence to date, from ice records, and recorded information over the past centuries has undeniably shown an increase in planet warming gases. What the effect of these will be, as we head to another Ice Age, the nay-sayers argue it's all a hoax.
This therefore is the simple question,
What about if you are wrong?
If Greta is wrong, then we pay more for our energy and cars, but the planet is a cleaner place, and we and our kids aren't breathing in carcinogenic material when we have an Al fresco wine, and meal.
If Trump is wrong, we have a hellish World future.
What does common sense say you do?

Part deux ( no obligation to read)
..cretin), and major Govt backed research is done on production techniques of H2, the price can drastically be reduced. remember, it is the most common element in The Universe. It's a chicken and egg situation with car buyers and infrastructure. Do you lash out mega bucks to be green and find yourself stranded with no charging station., We have all been in 2,3 4 hr traffic jams, and in Winter, with engine off to conserve battery, H2, and no heater, it's not a viable option.
If there was a will amongst Govts to reduce C emissions well below the Paris Accord Agreements, which are laughable with India n China burning coal at millions of tons pd, and accept that the only real, viable alternative to reduce C emissions drastically, in a few years, not decades, is to commit to Electric transportation for all transport modes , both Battery and H2 FC ( or others). Of course , the big obstacles, and these are political, are ME countries, OPEC, Big Oil ( has a big say in USA politics with both Rep, and Dem,, but more so the former), However, if oil companies accept that they will be smaller enterprises, and there is still , I would imagine, a demand of 15mbpd, for the thousands of other products which have oil as its starting point, then we may get somewhere. And lets not forget, supply and demand prices. If oil requirement is slashed, and prices slashed, there will always be entities that will change its green option, for a much more attractive priced oil option, and increase profits. The raison d'etre of everything on this Planet. All IMO naturally, and if you read it, thnx. *******ings easily brushed off, no worries. lol. Good luck all in the year ahead. And btw, finally, a word on Brexit. I was not a supporter, but the vox populi have had the say. If you want Brexit to succeed ( The Eu do no not), then we have to act more like our Ger, Fre, and Ita colleagues. They do not buy Britsish - anything, only in small niche markets. Our streets are full of Mercs, beemers, Audis, Renault, Citreon , Fiat etc, etc., You rarely see British made cars in Eu, only the one you may be driving, and that is probably doubtful. Aldi, Lidl have done well in Uk, Tesco did disastrously in Eu. BoJo aint the answer to our problems, but give him a chance at least.

I have posted on various companies on this subject. There are major problems with EV's. I am a fully on conversion guy for transport from fossil fuels to EV for both local carcinogenic pollution, and global warming pollution in reducing C oxides emissions. Unfortunately for battery EV's, I see the pollution problem being removed from the street to the Power Station (PS), which does however, stop the very important Carcinogenic pollutants at street level. I am a big H2 Fuel Cell supporter, which has major drawbacks.
1) For both Battery and H2FC EV's, the cost is the biggest drawback to global sales game changer, especially for my preferred option of H2FC. However, there is major interest, and orders, for H2FC Local Authority Buses, refuse vehicles, trains, trams, LCV in UK, but more so in Germany and China. There are ships being built now which will use H2FC, and H2 will be produced on ship by electrolysis of sea water. Zero pollutants. Anyone who has knowledge of PHE and its plants to convert plastic to H2, already successfully demonstrated, it's not unrealistic that future H2FC ships will remove plastic from sea and produce H2. Remember, you heard it here first. lol. Some Scandinavian Airlines are looking atH2 FC planes for local commuting. Back to cars, this is where the biggest impact on pollution and greenhouse gases can be felt. 70% of all oil production goes to the transport market, about 22mbopd. The largest consumer is private transport, not ships or planes or HGV's but cars. But with 4x4s in either mode ( Batt or H2) costing in excess of £130K, and 4d saloon or equivilants costing min £30K with no xtras, it is not mass market. I see Toyota has just released an EV in India for under £6K with an alleged 180 mile range ( DYOR), It's obviously small, probably under powered, but a game changer for singles and small families on low income. Why of the reasons I believe that both modes are expensive is that the Mfrs sre fron loading the profit onto the sales price. With both modes, Mfrs will not have the cash generating spare part and servicing agents that we all know generate most of the income for car mfrs. At the moment, they will not accept that the new generation of vehicles will make the smaller, less profitable cos. Unless of course, they decide to help the planet and mass produce a family saloon selling for under £20K, That will be a game changer and take the smile off the face of the ******* , obnoxious Elon Musk.
2) Good news for batt EV's is the price of H2. Presently major production is from Steam Reforming Methane ( RDS Worlds major producer), which produces C oxides, and is somewhat self defeating for global warming. And is expensive. More expensive still is Hydrolysis of water, although I am sure when Govts get serious about pollution and GW, and the Oil friendly moron in The White House is removed, (preferably , forcibly, by armed Militia, and taken to jail for being a morally, intellectually, financially corrupt creti

The problem with your reasoning Tableleg in that you are going nowhere, as are the critics of this companies PDMR's and MO, and you, kttf, crude, et al are unashamedly supporters of said same, is that the critics have facts on their side ( KTTF take note), and you lot have hopes and aspirations.. I have been a critic of The Failure for many years, but believed in the Moroccan model. I am underwater with this share, and not viable to sell at these prices, so have written the money off, and anything that comes along will be a bonus. I am sure many of us are in the 'trap'. The question was posed a week or so ago, 'Why Did We Fail'. It has a remarkably simple answer. An inept Management, led by an incompetent CEO. A bean counter in charge of a fledgling OnG exploration company, when it required an experiences , highly qualified Geologist with experience in exploration. I was aware of this Red Flag, but I knew ( or at least hoped) he would not be choosing drilling sites ,( OMG he probably was), and that his 'Highly Qualified' team he had built would still deliver. As it happened, we have an inept Exploration Director, a discard from BG following their T/O by RDS. ie RDS didn't want him. The Failure was 'persuaded' to 'set up camp' in Italy because of CIP. He did not do DD and was painfully unaware of the major stumbling block in Italy for any company, of Govt, Bureaucracy.. Lara, 'The Hidden Gem', never even looked like being attacked with a spade, never mind a drill bit. Shameful the ineptitude. Morocco was to be the Game Changer, and after initial success at previously drilled wells, and known locations, when it came time to 'define' the programme going forward to maximise investor returns, The Failure went on a 'wildcat' drilling spree, when he could have maximised the known reserves in The Horst, and had a plan to 1st gas, which probably would have been attractive to Production Companies. Before anyone says hindsight is a wonderful thing, remember, The Failutre is The CEO of the company with a team he had built, and he was paid to think these things through. I would also suggest that employing a highly qualified Geologist with necessary experience would have cost less in wages and bonuses than The Failure. I allege that his ego is approaching that of POTUS, as also is his ability to lie and deceive. My Lawyer is ready for any claim of defamation, and I can produce several hundred witnesses, and written and verbal statements given by The Failure in support of my testimony. lol

Thnx yr messages VIG n SaP. As we all know, the SBB if calculated as monies returned to SH has significant effect on Divi return, which is cash in our pockets. We have gone down from 114m to 109m shares in issue, and as pointed out, these treasury shares can be re-admitted as Director awards or whatever, and SH have suffered 20p cash ps loss. I take your point ViG about Treasury shares being defence against predators, but I do not believe £40m worth of TS will deter any serious bids. On your point that the cash pile is better used to buy undervalued shares, I would argue that give the cash to SH and that will put the sp on a realistic market valuation cf to competitors divi policy.

I am confident all investors here at some time have had losses with fledgling companies, in any field, with 'this time next year Rodders' statements.
Pasted below is from the last co rns by CEO
'KEY WORK STREAMS FOR 2020

The Company will be focussed on delivering the following key workstreams in 2020:

1) Delivery of Feasibility Study in the first half of 2020

2) Completion of Environmental and Social Impact Assessment to IFC standards

3) Commencement of mine permitting process

4) Commencement of debt financing process

5) Continuation of other strategic financing discussions

6) Commencement of negotiating key supply partnerships in Morocco

7) Commencement of detailed design and engineering in preparation for commencement of construction

8) Engagement with potential EPC / EPCM and contract mining partners'

I'm willing to forget the misspelling of focused, since I'm not perfect. lol. But there again, I'm not a CEO of a listed Company.

To the matter in hand, What of the below are the sp drivers.?
What makes a sp is cash flow, profits and dividends. My history at SOU was, at least diverse, with at one time sitting on a profit of at least a £1/3M, and all I had to do was the very difficult thing of hitting the 'sell'button. Greed is a terrible vice. However, there were significant gas finds that propelled SOU's sp to a quid, with further, bigger finds, almost guaranteed.

There are targets, but not a mention of a date which the co expects to get the first shipment of potash from site. It's not rocket science. It has a plan, as above, and part of that plan should be well defined targeted dates to achieve all of the above objectives. If not, how the Hell do you proceed with work, by letting the other party contact you and dictate timelines? It's a big project, and it needs a big plan, and big thinking by the right people in the right job. I'm posting this as a newbie here, who likes the product, the prices, and a vast expanding market, with, at present, no viable alternatives, and looking for the comments why I'm spouting rubbish. I'll hopefully 'get in' at a good price, which may be 20p. I will keep a close watch on both the sp and rns's. Good luck all here.

The group is committed ( to date) of releasing 60% of Nett Profit to shareholders. From historical figure ( as opposed to hysterical figures), I assume NP to be 80% of EBITDA, Thus NP = $152m. I was under the impression from past rns that the Nett distribution would include the share buyback (SBB). However, the Half Year results included a statement that the total distribution as divis. would be at least 50% of 'core distribution', which I take to mean as 50% of 60%.. In those 1/2 YR the divi was 60% of NP and did not include the SBB, thus the total return to SH was in excess of 60%, but the $2m+ SBB to date at 1/2 year may be deducted in FY returns? So, the following figures are very much 'back of fag packet' and are a guidance, primarily for me, which I thought I would share with fellow investors here.
SBB from 18/8/19 to YE. $40m. ( total no of shares sold x av price ( calculated by me to be c£7.70.).
1) Final divi if SBB included.
NP = $152m. Distribution 60% = $92m. Less $31 interim divi = $61M , less $40m SBB = $21m.
However, from above, HYR included stmnt that at least 50% of available would be delivered as divi.
Hence , $92m X 50% = $46m., less HY divi $31M =$15m
From this, clearly seen that $21m is optimum payout, and equates to a divi of 21m/109m =19c/s approx 15p /share . Total for year = 23 +15 = 38p. At 5% return sp = £7.60.
2) Final divi not incl SBB
152 x 60% = $92m. less $31m interim = $61m /109m = 56c or 43p, giving total to year of 43 +23 = 66p. At 5% return sp =£13.20. ( figures do not include 25% payable in tax to Israel Govt,. but can be refunded if registered and domiciled in eligible Countries.
If no SBB and still 114M shares in issues, divi would have been in case 2) 61/114 = 53.5c or 41p. Total for year 41p +31 = 64p
and at 5%return + £12.80sp.
IMO, it is extremely unlikely Co will pay divi without deducting some SBB.
This confirms a post of last year of mine, when I condemned SBB programmes, especially when shares are not cancelled, and put in Treasury as with PLUS, and can always be re-admitted, as say Director purchases.
I now have decision to make on hold or sell, since I believe if case 1) is proven at Final Results and a final divi of 15p is paid ( £=$1.3? after deal or no deal Brexit), then present sp is not sustainable.
These figures may be well off actual and should be read with your own instincts and calculations. If u got thru it, thnx.

The problem with InJameswetrust argument that tobacco returned 2200% from '94 -'12 is that it is an addictive drug, with no viable alternative. There are still 100's of millions of people smoking, even though the evidence is indisputable that it can
cause death or other grave diseases. With the largest proportion of refined oil going to transport (70%), there are now viable alternatives with EV's, either powered by battery, Air Battery, or H2 FC. All of the 'upbeat' forecasts on oil dependence over the next 20, 30 years are produced by the Oil Industry. The only reason why 'liberal elite mates' are still buying ICE 4x4 is that they cannot afford the £120k + for an EV alternative, Therein lies the problem, the price. All of the current reduction in CO2 emissions could be met and exceeded with 25% new sales of EV's. But with the cheapest at about £20k+, and Teslas £30K+, out of the reach of most of the population. One of the fundamental reasons why the EV mfrs have high prices is because they have a severe drop in income stream after sale. No expensive servicing or spare parts. They want to grow their income stream, and are not ready yet to admit that mfrs will be 'smaller' companies. If a mfr takes a redundant car shell , eg, Fiat 500, and puts in a H2FC , and sells it under £10k, it will dominate car sales in UK in 2 years.

Since you are a new poster, you have a lot to learn about this disgraced Management team. They are not in for us PI's - Very obvious for some time, and confirmed by the dialogue, or lack of it, with Trellis.

WRT SM, you obviously do not know that The Failure ( Parsons) stated over 2 years ago that there were at least 10 interested parties in a Farmin of SM. Nothing transpired. In various e-mails I had with The Failure at the time, he stated that 'negotiations' were ongoing, and that he had a 'clever plan' for SM. You are also probably unaware that our 75% WI in SM has a bond of some £22M payable to Marco Fumagalli. In the event of a default, Marco would, I believe, have first claim on this asset. This is probably the lying, cheating Failures ' Clever Plan'. If you are not a SH, suggest if you want to know how the vast majority feel on here - buy a large amount.

Ducati - from earlier;
Jack lots of unlisted entitys got deep pockets, just have a look at some of the North Sea assets that have done deals with unlisted companies.......you would be shocked at the money they have to invest...

only one big problem with that statement - it stated that the 'deal' is subject to it raising funds - so it is obviously not one of the companies you refer to. sorry.

You are trully an idiot. You are also def. a Trumpist . You accuse others of the things that you are. You don't answer the facts, but accuse me of being a conspiracist.? Oh dear crude, been on the sauce again, suggestion is drink plenty of water during and after your sessions. A conspiracy, by definition needs rather more than one or two people espousing it, It may have only one source, but many followers. You do me great honour by saying that my comments re; your obnoxious posts and behaviour have a following. I see that my post received 3 reco's, hardly a conspiracy, and your pathetic riposte received 'nil point, zilch, zero, sweet FA'. Ah never mind, but you have lost Ericnat now as a supporter. Ah, didums. Now piste off, there's a good chappie.

Re yr comment stating that Marco can make SOU insolvent with the Bond he owns. I believe this bond is on the asset of SM. So, in a default situation, I believe he could only have SOU's 75% interest in that Asset, and not the 14% we would own if the 'deal' goes through as planned. However, I have already posted my thoughts on the improbability of that now happening, and people we all have known will soon take charge with a cash offer, probably including Marco BTW Erincat, welcome to the real World now that you have seen reason with the shower of ****e management - present and past. Only leave The Failures paid stooges still on board.

Whilst I was posting, crude posted ' If I thought the deal was a synch to be signed' - well that confirms it, that is straight from The Failure, this deal is as 'dead as The Dodo'. And since crude has still decided not to buy, after saying only a few days ago, that 'these little beauties' were cheap at 3p, and would wait a little longer to see how things panned out. ( knowing full well that The Failure was crusading around The City with the begging bowl), The Failure I believe, thinks the cash offer may not be as generous as my suggested 3p, and crude is keeping his powder dry - again. He doesn't own any shares, do you, 'old boy'.lol.