Member Info for vanheldan

Had a couple of large sells yeaterday, £16k & £25k - maybe holding us back. Regardless, a little buying this AM and we're up

Make that 3v1 with 200k buy. Looking good for a strong finish. Should het on more peoples radar tonight

For those in for a trade on the cash position, L2 has firmed at 2v1. Ticking up nicely, strugglwd to break 1.50 but should be on our way now with a little more buying

They will be presenting at the UK investor show this saturday. Anyone planning on going?

I wouldn't pay much attention to the advertised spread. I bought at 0.1694 when the spread was 0.16-0.20. Unfortunately, the advertised spread does put people off. In terms of why, there just isn't enough volume in the share at present. Once we get more volume, the advertised spread should narrow as MMs percieve less risk

1.95m at 0.1694. Looking forward to the summer and beyond. It was a good interview with Greg on Tip Tv, came across really well, and gave me that last push to buy. Not concerned if this drifts abit as expect it to do a KRS type rise in the near future.

Report all his posts as I have done. LSE take a dim view of posters ramping shares on other boards and he will be on for a ban

http://www.irishexaminer.com/business/fastnet-equity-considering-exploration-asset-spin-out-350959.html

I'm in both Fast and 88e and happy to be. You talk about disappointing SP movement but that was when we were a completely different entity being effected by the oil price. We're now essentially a cash shell with nearly £10m in the bank entering a new more bullish sector. I think i'll leave my investment in here, thanks! And as i have mentioned, most shells trade at a premium to cash which spells a rise here imo given the info we already know

Short-term: - Limited downside to our SP of ~2.7p by year end as we slash expenses and rid ourselves of our O&G assets & license options - 80% of cash shells trade at a premium and we have entered a red hot sector so should trade at a premium to our 2.8p (adjusted for $0.6m liabilities) Long-term: We hold 3D data for celtic sea assets which we may sell off or spin into a new company. We may continue to benefit from our legacy assets in the future.

Positives & Limited Downside - Cash Balance: $15.9m (as at 31st July 2015) - Reduced Cash burn to $0.6m from $1.9m per annum - The disposal of interest in our Moroccan assets to be likely no more than $150,000 - The disposal of our licensing options to cost no more than $150,000 - SP currently trading at cash balance of 2.8p (adjusted for current liabilities of $0.6m. 3p on just cash balance) - Accounting for $300,000 expenses relating to our disposal of oil assets and options and cash burn of $50,000 per month our downside by year end is an SP of ~2.7p (dependant on exchange rates) - 80% of cash shells trade at a premium to cash balance (based on figures from May 2013), so potential for a rise here prior to any RTO announcement - Horizon medical technologies set up by our non-exec chairman lends to rumours that we will be reverse into them

Where are you hearing these rumours of a deal? Thanks

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and patience is where the real money is to be made in my opinion/experience. not sure about 10p, but we are likely to see a strong and sustained rise given the small amount of shares in circulation. The farm out is not priced in even in the slightest, so a sniff of it materialising will see this rocket.

FRI is waking up! Biggest move in a month.

Just sitting and waiting, jstor. I fully expect a farm out of Oman and given the illiquid nature of the share when news comes we should be on for a nice move. I'm happy to hold and wait until that time as many positive factors are at play here, least of all management who have put substantial amounts of money into this company. Happy to accumulate, just need to be patient (but hopefully not for too much longer)

Good news overall! While ofcourse we would all like the farm in completed for namibia, the possibility of drilling without further seismic work is very encouraging and also likely to be a selling point to suitors. In addition,we save on the cost of the seismic study. Little more patience needed perhaps but will be worth the wait - small number of shares in circulation, ridiculiusly low market cap and a proven board who put their money where there mouth is

Regarding the oil price, we won't be going into production tomorrow, this year or next. WTI is trading around $75, the Saudis can't afford for this price to continue for a prolonged period. 'Big players' will be forecasting prices well into the future which will make this more than economically viable.

Great appointment, funding sorted for immediate future and holdings of the board inspire confidence, along with beaufort accepting shares as payment. Now we need a farm out of Oman prior to year end and we might just get our 7p :-)

You have indeed, lemon :) That 248,913 purchase was mine. The potential asset value compared to MC is ridiculous in this share. Funding maybe an issue but where the CEO owns such a large chunk of the company and doesn't take a salary, you have to presume he will do whatever he can to avoid diluting his holding. GLA