Member Info for trx_01

Anyone know what could be the reason for today’s fall?

Can't even get £500 worth lol. This is easily going to 11-13p today!!

Krok - As I mentioned in my first post, very little given away with regards to cash utilisation (barring the few remarks regarding actively monitoring acquisition potentials and the share buyback question put forward by attendees). Drilling - from what I remember, they mentioned Mex-120 and also development of VAS field (I presume this will be funded via ops c/f) Also, referring to your previous post, I don’t think a t/o will be happening. We were told that SMART are very supporting of the Board. I’m not sure of the exact AIM rules regarding t/o (30% triggers auto t/o?) not sure if SMART were obligated to make a move. Anyhow, doesn’t seem to be in the plans. I’m not too concerned about current SP, my only concern is what is the strategy? What are RPT aiming to achieve? Unfortunately, it’s still unclear so I hope the Board will improve IR very soon and provide clear guidance and understanding of the story.

Just to clarify; 1. Share buyback will not be to the level which will be a detriment to liquidity in the stock. Board get this 2. Will Novinsky rather hold 82% of Mcap £111m or a lower % of a Mcap upwards of £200m+? I think we all agree that he would like more bang for his buck 3. Buyback will need to be discussed with Novinsky. I’m not suggesting it is a done deal BUT I believe the Board are aware and it is a possibility. Personally, I think this strategy should be explored further to provide real capital growth to all S/Hs

Below are my thoughts from the AGM which I attended; 1. Board understand there needs to be better IR, working on making improvements in this area (one example given was to improve the website) 2. Impressive cash flow but very little given away regarding what they intend to do with the cash. Some hints around possible acq and share buyback 3. Board pushed heavily to work with Novinsky to ultimately enable share buyback resulting in capital growth for all S/Hs. Think we all agree that Novinsky would rather hold less shares of higher total value than vice versa 4. Any acquisition is likely to be in and around the same region where their expertise reside 5. Seemed comfortable with things going their way with regards to the VAS license suspension a few months back. Waiting on court proceedings/dates 6. Now that there is only 1 majority S/H, it makes things a lot less complex. This should help RPT massively going forwards 7. Overall feeling from fellow AGM attendees is to continue to hold. The scope for major upward movement in SP is inevitable 8. If I recall correctly, I don’t believe any dividend is on the cards. I think a share buyback is a distinct possibility. Whilst speaking to BaronDayTrading after the AGM, he stated that he had a direct one to one with the Senior board members and they get the message now. Hope this helps. I for one am still holding. Some prominent S/Hs at the AGM are of the belief that the SP should be around the 80-100p mark right now. So a lot of value at the current price.