Member Info for TroytoTiber

Share price cracking under the pressure of a few sells. Over 50k sold in the last week and in this kind of risk off market so I'm not surprised price has gapped down today finally. Suggests maybe that there is a bit more stock to come and the market maker is looking for the level that can bring a buyer of size in. Would have been nice if management had demonstrated a bit more on the delivery side in the last report as that might hAve been enough for a new shareholder or two. Instead we wait for news of progress!!

Looking for current sales gas run rate of around 14mcf per day with maybe an average over the half year of around 12mcf. Also be good to hear a timeline for the drilling out of test Wells on the shale gas prospect. Let's see but I'm optimistic of further good progress . Probably not enough news to move the share price much though at this stage

*Gove Damn predictive text

An almost accurate description of Government himself!

If we only take the 1U discounted revenue number for the shale gas, roughly £500m then the additional value of the share price move on the day of this announcement of £3.5m is virtually irrelevant. Obviously we need to look at the profits or cash flows on a discounted basis to put the share price move in context, so let's assume that these are worth £200m. This equates to a probability of commercial success of less than 2% on the most probable volumes of the shale gas opportunity implied by the share price move on the news. Combine this with the fact that we have current market cap of £95m and debt of c £70m , so an enterprise value of £165m for 1p reserves worth at least £200m at 10%;discount. All looks well underpinned to me valuation wide. Just need to buyers.

Definitely a tongue in cheek comment on peel there ctw. A day on and more time to reflect and still have some real issues with this update. Not much can be done though than wait this out. At least the management have another fw years to prove themselves. Need to get on and claim some tax rebate!

Sorry, haven't quite finished yet. Need to get this out of my system. To me the tax breaks mentioned are just a sop! An admission to shareholders that directors have made a mess of it. So we get a tax break to partly absorb huge capital losses. Aaarggghh! 1,600 assays sold.......that's it. Huge fanfare about Sysmex and they shift 1600 assays. It beggars belief. I'm truly shocked by how little progress these guys have made!

Maybe it's just different personalities ctw btw you and I. I'm just looking at this in disbelief! Massive dilution and more subStan tial delays. you must either be the most optimistic person on the board or working for peel hunt! Maybe both? :) Now it becomes clear why the shares were languishing. This fund raise was being priced in. So we may not have had the share price fall on the day but it was worked down over 3 months so instit investors could get the shares at a very low level in my opinion of course. Management now have over inflated salaries secured for the next 3 years. One crum of comfort is that the raise was completed so quickly but to me this tells us more about how much peel were able to walk the price down and get away with it. The investors behind the new money will make a 20% I'm sure and then sell out leaving the rest of us permanently under water. Personally I dnow don't think I'm ever making my money back here and my average is 45p. Budd statement is also bland and lacking in confidence to my mind. I also wish I had not read the going concern section of the results. Thank god I only read it after the confirmation of the raise otherwise I would have pooped myself. This is only a good day in that the company has been saved for a while by this capital raise. The rest of it sucks and to be honest I don't think budd now is high enough calibre to get the job done. Clearly I'm having a rant and a bad day so will revisit this over the weekend when I've calmed down. Border line criminal though and will be asking the fsa to look at appropriateness of statements made in previous updates concerning sufficiency of cash etc.

Great to hear you're on board isas. You've saved yourself a tedious long wait to date so well done for that. I also hope you are right!

Laughable share price reaction. Best estimate for new shale gas over doubles the 2.62 tcf of gas in the coal bed. Use existing footprint and land access to extract gas from shale and huge centres of demand like the city of kolkata being linked by a pipeline that will be complete in a years time. I guess there is uncertainty over exploration findings, amounts and ease of extraction etc but still a good entry point in my view. India committed to gas as the transition fossil fuel to a low carbon future. Coal has to be getting phased out to meet Paris climate agreements. Indian economy is forecast to grow above global average. Roll on 1 years time when we have pipeline complete and exploration findings!

More independent judges to come out in support of this company! I know it's aim and we get volatility but today's move on no news is eye watering. Some one taking any price to get out maybe? And what do they know??

No surprise ctw. I didn't get much from a request to provide more transparency about future growth prospects. On the plus side....had a dream about genedrive share price rising by over 100% in a day last night. Let's see what transpires from the next results. We can but dream!

Difficult time to be putting out results for AIM companies as this index is down 11%since the start of October. Very happy to see genedrive delay therefore for as long as possible. Looking around dthough there are other aim companies that are seeing market makers dropping prices significantly and there are the likes of genedrive where the price has remained steady. I'm trying to decide whether there is meaningful information in this marked difference in attitude to risk by market makers. Any thoughts from those on this board?

Large sell order being worked over day or several days??

Email sent. Also suggested that the board might want to make a meaningful purchase of stock to back their optimism. If they can't take this opportunity then maybe Mr bond is right!

30p+ to 6p bid in weeks. Suspect things can't be that bad. 2019 net income forecast to be £1m and the market cap is now £10m . Ie market has moved to zero growth expectations. I'd say that is reasonably strong downside protection from here. Not a clever update in this nervy risk averse market though. You've got to wonder at who is in charge of making these decisions. If I weremember on the board I would be pushing hard to get rid of this comms team. In fact I think I will send an email to them now telling them that.

You're not alone ctw! Only 1 of my 5 largest bets is above water right now. It's proving to be an emotional year. 2 of them reporting in next fortnight so maybe a slim chance of some respite!

You're not alone ctw! Only 1 of my 5 largest bets is above water right now. It's proving to be an emotional year. 2 of them reporting in next fortnight so maybe a slim chance of some respite!

I hope the volume of today's trade doesn't sum this stock up!

Agree. Although not sure how much they will tell us. Moderate progress on sales of hcv most likely and no outlook statement beyond board being confident of future progress. Excuse the sinicism but a bit fed up now with the total unwillingness to give more details around the market opportunities and mechanics of how they will commercialise hcv. Got a ridiculous fob off to my request for the board to give more details on how things are shaping up. I'd love to see some signs that things are moving fast and greater willigness to open up in these results but fear it won't happen!