Member Info for wakeyinvestor

The revenues have significantly dropped but so have the losses. (makes no sense to increase production just to lose more money). We can only hope that going forward the historic parcel settlement concludes, that revenues increase as stated but with a lower cost base so meaning profitability, and that the refinancing is completed. It does test the faith but if it comes off there is a great recovery ahead. AP loaning 500,000 Euros is a positive sign.

The RNS of 31 Dec and 15 Jan refer to “intend to delist” with the delist expected to be 31 Jan. We have not had a confirmation it will delist and I would have expected an RNS this morning to confirm today as the last day of trading, but we’ve heard nothing. I guess we will know in the morning, but if it’s still trading then either the delisting is delayed or they’ve changed their intention. Shouldn’t really be pondering this, we should be informed. Glad I exited today as I’m not impressed with the lack of communication and yes, sour grapes too.

In Kefi’s case I think the worry is that if they can’t sell their 15% interest in the Saudi JV they’ll have to make the forthcoming capital contribution and the source of funds for that would mean a further placing. Harry has wanted to avoid this which is why the 15% interest is up for sale. The potential dilution of such a placing would be significant even at a low discount to the current SP. We need to get past this hurdle and we should be OK. In fact, the sale of the 15% interest and the resulting cash injection should significantly change sentiment IMO and the recent share decline should reverse and more. Squeaky bum time

Well TruthFactory, there hasn’t been a buying surge as I’d hoped and predicted and I’ve sold out and taken a hit - you were right to tell me to be careful - don’t have the stomach to hold unlisted shares. I’ll be truly p*ssed if they issue an RNS this pm stating they’ve got the funding.

Re funding, even if nothing happens, AN recently confirmed there is sufficient cash until 2026 so no need for anyone to get their knickers in a twist about funding. However, something may happen as Illumina don’t give up the entirety of their webinar for fun, I’m sure they’ve got many other important agenda items to discuss, so the fact they are parking them to the side suggests AGL is a serious matter to them.

Agreed, this should be back up to 0.1p a share in next few weeks if phase 2 goes as planned. Also, with extended facility no need for any more placings; it’s cash flow positive now anyway. Oh, and not forgetting that there are other wells up for sale which will generate even more cash. Bought another 5m shares on the bell this morning.

Let’s be honest, this company started to go down the pan the day they decided to get rid of Nicola Foulston. Political correctness has ruined a good business and cost jobs and livelihoods and yet it appears Nicola has climbed back on the horse and is once again doing very well. Oh, and just to note, another fine tip from Simon Thompson at IC - not!! I ditched my shares in this company when they were around 55p or so.

The cynic in me thinks he put his own money in because he couldn’t do a placing (the SP was sub 0.1p), this then raised the SP to above 0.1p, so that now he can do the placing at 0.1p and get his 500,000 Euros back. Bet I’m not the only one thinking this!!! Hopefully I’m wrong and good news is imminent

Thank you TruthFactory, that’s sounds advice. It is a punt for sure but with an average of 0.022p if I go down all other existing shareholders go down with me; but this scenario would go against the company’s stated objective that they are committed to building value for all shareholders. The January 2025 70%+ drop in the SP is a consequence of announcing the intention to delist. Mmm, we will see.

Less than a week now before the company delists and I've been topping up at circa 0.020p - IMO this is absolute bargain basement bearing in mind the recent JV and production news and if they can get the finance sorted next month (hopefully as debt finance with no equity dilution who knows where this can go. It wouldn't surprise me if there is a dash to buy next week whilst the share is still liquid and before the door closes at the end of trading next Thursday. Still no confirmation of a Mached Bargain Facility as far as I'm aware. As far as joining the TG is concerned, given I hold y shares via a broker, how do I prove I'm an existing shareholder?

Gogadget, that would be wonderful but 0.1p is probably more realistic.

PM scaling up - very positive as they’ve added since the last placing.

Just watched the Stockbox Interview which appears to be the first of more to come. These are meant to promote the company and stimulate investor interest. Roland isn’t very good at this and needs to substitute himself for someone who can articulate what the company is about with more zest and enthusiasm. A wasted opportunity I’m afraid

Bizarrely undervalued - I think the discount to NAV is even higher than before the RNS yesterday - will add once this has settled as placing is recent and the SVV fund we are in is approaching a realisations phase. IMO and DYOR

The current SP is not much above yesterday’s closing SP, but given the Transformational News (2 off take agreements) this doesn’t make sense. The news cannot have already been priced in surely and the market cap is less than £10m. I read a great RNS this morning so I must either be really thick and don’t understand it or there is something else going on. This is a hold for me and I even added this morning at 0.057p but wondering what I’ve not got. Answers on a postcard please

Don’t know why this is a Reach document rather than a RNS, given the contract size. Hopefully it gets the wider attention it deserves.

For me the key is that this gives confidence that the company is going to be cash flow positive (hopefully the next TU confirms this) and the SP will now get into double figures and be reflective of this company’s true value

And yet they’ve recently entered into their first production JV with EVage (a key Indian partner) so really it is the delisting that has killed the SP, but once funding is secured this company should begin to generate meaningful revenue. It’s not all doom and gloom; massively oversold, IMO this will rebound in the next few days as those in the know sniff a great buying opportunity

SV has just done a placing but it appears Mindflair has not participated in it, which is puzzling as they’ve just done a placing themselves to raise more cash. Hopefully I’m wrong and a RNS to follow.

Just be patient, the fact they have completed the Early Works means it’s moving forward albeit at a snails pace. This share is more tortoise than hare, but remember who won that race. Top up time if this dips further.

Another funding update, they’re OK until March 2025 but then what? The money runs out, the credit facility is exhausted so it’s another placing but at what price? Unless the company is starting to generate significant revenues I fear this won’t make it.