Member Info for VisitTimor

Total tosh, the vast majority of rto's involve share issue and raising ongoing funds, been in 50-60 of them how about you.

as posted my GCG , rto still ongoing, gave a heads up, GCG will be valued at the higher of (a) £1m or (b) 15% of the new enlarged business value, the target company price yet to be fixed but expected to be between £6m and £8m to be paid for 100% in GCG SHARES

Saying no shares or funds will be raised as part of the process , is as bright as those that believe in the Santa Rally or the made to fit nonsense that is the 1 code.

Instead of guessing what they thunk is real, might try speaking to a Nomad, only 2 releases and no such thing as rns LOGGED, not all RNA messages (the document) are released or originated on the lse rns news wire but like all good little wires, it relays the rest with its own one up serial number, Reach, GNW , PRN, EQN , EQS, BUS just those off the top of my head, one is IMMEDIATE (market open out it pops / or until rns closes 18:30) anything arriving after or in the morning buffered for an 07:00 release.

The second type of release is EMBARGOED, which can be done earlier but has to be labelled at the top of the RNA as EMBARGOED and an explanation for the reason to do so. e.g. set for release 0700 a temporary suspension of trading from 07:30 today pending................on completion shares will resume trading today , or wef 0800 tomorrow......

Has to be good reason for an EMBARGOED release, or the Nomad or Market will reject origination.😉

Even better, first time in quite a while we have HELD a decent % rise come close, bodes well for the morning, plus it has to happen one day for poor old la JA, if no RNA over the rns news wire, could it be FOMOF to end the week ? 😉

Fear Of Missing Out Friday

A rarely spotted beast, often seen in the last 30-45 minutes , once had one trade more in the last 25 mins, that it did the rest of the entire week, blew more than the bloody doors off Monday RNA x2 😅

As earlier post, have been in a few that have traded up Aim to one of the Main segments , never been in one that went the other way, hoping icon does not break that mould. 🤔

Shares in Issue 11.16m

Market Capitalisation £599.93k

As it stands suspended, so based on previous, when settling on a price and share allocation, we should be valued at at least £1m , or around Brad's much ref to comment, he still sees after the share consolidation our base camp being 10p

Hopefully higher but as said then all depends how many 10p shares (other price determined) we have to trade for the inclusion of In the Style in a new enlarged company, probably with a new name as part of the rto. GLALTH

One of my other PPP is main and only floated last year at 2.2p, its currently heading for a half price sale and only has a MC of just over £1m , do not think they have a set bottom figure , although it use to be said , if you floated on the main market , your listing itself was worth £1m and £500k for Aim ?

Hence anything falls below, has zero factored in, so anything I see that has dropped below and looks like not heading to the exit, I always have at least a punt on it, little downside, multi bags upside in many cases, just to get a fraction of the companies true value (if managed by other than monkey's or var operators) 😉😂

Can answer that one, been in several that have returned with much lower than £30m MC

Metinaro will happen, its part of the Islands SDP 2011-2030 strategic plan and upholds several Gov's over the years promises for stable affordable electricity for all Timorese ASAP.

Be pretty stupid of them to go and buy it off others, when Chuditch can provide them with their own cheaper local gas.

PM Rauk 2021 set the ball rolling , removing the Imports fac from Beaco to Metinaro near the capital Dili and two of the three Island power stations, studies completed Sept 2023 and Feed commenced ...........

That news , if true to their latest promise to the people, should come this Month (in q1 2024 at latest) GLALTH

Always has been, until Chuditch gas is ever given some value, like Woodside Sunrise on its books at $0.00c (5+tcf) all know without , local progress BY OTHERS, that provides a route to market , ACCEPTED by TL Gov, nothing changes.

Suspicion and lack of perceived gas value will remain, along with the pump and dump spikes, vice a re rate the company and size of asset warrants.........GLALTH.

Metinaro FID close (by end of 2023 or in Q1 2024 at latest TL's words not mine) single string Gas/LNG Imports fac/3 Power station feed and 90-120 day tank farm.

Sunrise JV parties all saying a resolution soon, path to market Darwin OR onshore TL Sunrise HUB to Beaco Gas/LNG Multi string Exports fac's

Either of those happening give our Chuditch an acceptable to the Government route to market, in the case of Metinaro our FPSO plan could feed it from 2025/26 (tl plan) long before Sunrise flows anything , Beaco tenders 2030/31.

With the appropriate operator, Chuditch could easily meet that deadline, forget Yeo ho ho's snail paced 2028 plan. 🤔

88e has many times soared to £250 - £475m market caps, on the hopes and dreams, this one could be it, the one that flows, in an area saturated in Oil...........

So now imagine, the RNA Message over the rns news wire, in a few short weeks, states IT IS !!! 😲🤑🤑🤑🤑🤑

Oil found , Oil flows, bank balance GLOWS ! 😉

Breaking news JA , stealing a movie line screaming at his merchant bankers, SHOW ME THE MONEY !!!!

https://media1.tenor.com/m/TnYvncQM69gAAAAC/slug-scream.gif

Buy him a new easy read calculator, ten bags from here is 0.60p 😂🤣😂

Ceo last year had Chuditch worth 1.7p - 3.7p to Boil market value, depending on various operational factors, even after the recent kick in the nuts pathetic speed dial confetti placing, that still comes out at 1p - 2p and throw in a bit for the long lost and forgotten by many Dunrobin (200mbo+ 66mb to boil)

It more than covers our current market value. 🙄

He should be comfortable, he's been spoon feeding them , to develop their own industry since 2016, long before being rewarded with the NON TENDER award of Chuditch , SG floated on Singapore exchange just prior to announcement, then invited Boil for an immediate rto (related Dr Butlers on the two bod's) Nov/Jan 2020, rto failed, failed to raise finance , so took 1/3 initially, the rest over the next two years.

As said for a long time, its Andy Butler and SG who hold all the cards to success, not bedroom presenter Yeo ho ho and co

🙄😂

After multiple statements since 2022 that Bayu would stop production during 2023 and contracts given to commence dismantle and rebuild platform already in play, this last December .........

https://www.upstreamonline.com/lng/major-lng-field-in-the-timor-sea-breathes-its-last-gasps-but-reincarnation-awaits/2-1-1566704?zephr_sso_ott=8w5eX4

The final LNG cargo from Bayu-Undan departed Darwin last month, according to field operator Santos. The field has supplied the Darwin LNG facility — the first in northern Australia — since 2006, and Santos has long been preparing for its end

Would be far from the first time the TL side of the house has come out with ballocks to outright porkies........

East of us

Bayu stopped production and platform being dismantled and rebuilt for the carbon capture development, he should know that , at least two local firms involved in the rebuild , one being Timor Gap.

The pipe itself being made ready to be the carbon and waste exits from Darwin to Bayu, with JV partners

Santos/ENi/Koreans new input pipeline (dual pipeline project) from east pf is in OZ Waters, Barossa (Santos) and Evan's Shoal (ENI)

Main Bayu reservoir tapped out 2 years ago, 3 drill program on offset reserves, with production end announced.

Who knows Wazaaa, as previous, depends on structure of the deal, how many shares etc but at a low say 100-200m shares would not rule it out completely down the road, if that new business thrives and has real II's INVESTORS, not mis labelled false ii's / pump and dump forward selling investing wonga's in tow, to assist in organic growth and benefit from growth and dividends , not quick buck spike exits. GLALTH........

As said lets hope Brad's comments of still seeing 10p as a minimum base (before market pulled the plug looked well on its way to crash that figure)

At 10p icon valued at just over £1m, say target valued at 9m, would result in around 100m shares in issue at around 10p

a very low base, for a Main Market listed company, now with revenues and prospects.

Until we know more, its all guesswork but lets hope for one like crtm recently , suspended 5p , came back 15p and roared to 35p initially.

Doubt it will be as crazy as WRN , suspended 3.25p, came back same and in 3-4 sessions roared to £3.30p before overheating and the Market stepped in and resuspended as the knife fell quickly to 89p😲

Shares in Issue 11.16m

Market Capitalisation £599.93k

Our current status, all now depends on how much value they place on In the Style and at what denomination they structure the deal, Brad mentioned he still sees 10p as the baseline , after the share restructure, hope that's true.

Valuation will not be based on revenues in most cases, would you pay say £50m for a company with revenues of £50m but a turnover of only £500k EBITDA after costs/wages etc removed.

It will be down to the two bod's to determine a fair level of expectation at this stage of the enterprise value combined.

As previously said this is why often the return results in a big hike in market cap, as the market sets its own opening level, most rise but for balance, I have been in a couple that have also fallen on return initially.

Hoping we get a clear picture pre return, see earlier post on how GCG configured its current ongoing rto, it determined the target company would be £6-£8m , with GCG valued at the greater £1m or 15% of the total value of the combined company , the target fully paid in GCG shares.

As with previous years, if he don't get it in gear soon , no drill will happen as will lose the slot, no drilling company worth its salt, will hold until the window is reached. They will want confirmation, or move on to someone else who can pay. 😲🙄

At least on the upside this year , we have an expired license returned , so can now drill😲🙄

We have a WIDE drill slot available, if this year he finally gets some other than confetti finance , to do it.🤔

He don't give a rats, he gets his shares from paying himself via his company with is Towers Advisor, cost him zip. 😉

rest all facts, link to rns list for all the issues, the facts also that we have been imminent finance and drilling for 3 - 4 years , so what's made up , snail paced ja vice lard **** ?????????? 🙄

two septembers ago , rna message over the rns news wire on finance , ja , if not today then in the next few days !!

fact, the drivel and white ones have dripped off his lips with ease for years, not just recently.