Member Info for trawl

Robert Lyne was ceo of arix when rtw acquired it

Nov 2023 hopefully some corporate action will shake things up here

It looks like Stephen ball picked up another 2 mil shares

There may be circumstances where the lock in is no longer in place

Shareholders with a substantial holding felt strong enough to vote against resolution 7 and 8

Some body bought half a mil shares late today

Interesting

It's probably just in case

The last ac didn't show a lot of cash

Unless there's a sale of something

The interview relates to year end

In Feb the balance was up to 22 mil

Then in April up to 25 Mill

It's probably still increasing

There should be an update soon

I wonder has the fmi business been sold its over a year since this was mentioned

Also 1 month after they stated enough cash for 3 years cobenfy was approved

they received 29 mil from bms

Considering they did a tender offer at 2.50

It would be nice to get that but this will surely be an opportunitisic bid if it arrives

It's trading at close to cash

This would be the perfect time for the co to be buying its own shares

Between the hedge and fixed price for gas

The downside should be limited

I think aktara gas is a fixed price of 5.6 dollars per mmbtu which seems good as international price is about 4 dollars

In June 2023 the company said it was required to hedge 50 % of forecast production

About 5 mil barrels through till qtr 3 2025

At approx 70.5 dollars a barrel

There was talk of another drill after sk11

And a gas field sitting on top

Also possible tax allowance

So maybe extending the life has other benefits

The whole biotech sector is similar

The rtw biotech opp nav was 1.79 on 14th Mar

The share price is 1.23 even though Rob wong has purchased 20 mil shares in the last year

I believe it was 365 mil dollars as they always quote dollars

That's about 281 mil gbp

If year end cash was 365 mil dollars that is about 87% of current mkt cap

Seems like huge under valuation

In Aug they said they had cash for at least 3 years

Since then cobenfy has been approved so there should be no problems with cash

I took the opportunity this morning to reduce my average price

If year end cash is 360 mil dlrs

That's 1.20 gbp per share