Member Info for wakeyinvestor

Looks like 2 large buys at £17k and £18k earlier today, can’t see these being sales looking at the transaction price of 0.4p. Maybe news due shortly (we can hope)!!!

The proceeds from the sale of their wells in South and West Texas (expected this year) will be used to pay down the debt as well as increased revenues from opening more wells at Pine Mills - it’s not rocket science. This is a recovery story which IMO will be successful

Steven49 is an eyeore, this should now take off at long last. Product already being produced and stockpiled so already preparing. Just need to get past the final inspection later this month, hopefully that is nothing more than a formality now the permit has been received. Well done Dennis Edmonds and the board

If I understand correctly these should be on the market from tomorrow as all resolutions passed at the GM today. Hopefully the company now has the cash needed as sufficient working capital to move forward for at least the next 18 months and shareholder value should quickly accrue now that the company is in much better financial health

Agreed, but everything seems to hinge on KZG obtaining that NNR permit. Oak Bloke’s summary is excellent but is based upon the permit being given. If you’re prepared to take a punt IMO there is a lot of upside from here of several 100% versus a downside of a single 100%. I’m too heavily invested and underwater (average 1.05p) to add, but no way am I selling.

Is the true MCap really £10m which is what the current SP suggests? I had thought that when we got GOI approval that was it in terms of approvals needed, hence Roland stating in the interview with Zak that we are now derisked. As such the SP should have gone up, or held (if the news was already priced in) but down? Come on, what the bleep is going on?

I take it you’re either (1) not invested in Evraz, in which case what are you doing here? Or (2) you are invested, in which case donate your Evraz shares to an Ukraine cause rather than hold on to them. Don’t be two faced

Must be very confident of securing the permit as money being paid to Tectonic in advance (13 Aug) hopefully it won’t turn out as cart before horse. Big uplift in SP (me thinks) when the permit is granted.

Nothing to stop you buying too

Could the 85m shares have been forward sold hence creating a drag on the recent SP? Anyway, money coming in is good and hopefully upwards from here.

We need to introduce him to MPeople - movin on up

The cynic in me thinks this RNS has the purpose of putting a positive spin on things to pump the SP as a prelude to a placing.

Interview on Proactive Investors this morning is very encouraging and there should be a lot of upside potential from here

He went in May and the strategy has changed. Cash raise via placing and more to come when south and west Texas assets sold. Focus on Pine Mills to increase production. Not fooked, a company in transition and good potential recovery. I appreciate existing shareholders are fed up but the turnaround plans have begun.

In my post at 8.27am today, should be 0.05p and topped up at 0.034p. - out bay factor of 10! Yes, hopefully will bounce to 0.1p which should be when they reported increased production and sale of surplus assets

It is unfortunate for existing shareholders that the company needed to do a heavily discounted placing to generate needed cash in advance of being able to sell its south and west Texas assets; hopefully this will follow and more cash will be generated in the near to mid term. They can now focus on increasing production of the Pines Mills asset. Based on the numbers, the SP should bounce to at least 0.5p and with increased production surpass this over the next few weeks. A blow for existing shareholders who may average down but a great opportunity for new investors given change of strategy and some encouraging board changes. Topped up this morning at 0.34p. DYOR and IMO

Advfn comment suggests the sale of 5m shares after 4.30pm is placee forward selling. The placings have taken place annually in May so I don’t think he (or she) is right. Even if there is a placing it cannot be at less than 0.2p (the nominal value of the shares) unless there is a share reorganisation first, which I believe would need a resolution to be passed at a GM. Thoughts?

Ilovesushi, what makes you say that?

Does he hold any shares in GPL? If not, perhaps the collaboration is not as bad as it first appears?

David Ian Jones, you are either an investor genius seeing what no one else can see, or you are a bigger mug than the rest of us. Best of luck