Member Info for Walkley

From The results RNS: 11. Commitments and contingencies

........ As at 31 December 2024 the group had a contingent liability related to an ongoing FCA investigation, no liability has been recorded as at 31 December 2024 due to the uncertainty surrounding the investigation.......

Must Alien sell the 14million shares at the placing price?? The shares are now worth much more than that. Why not sell them gradually over the next few months, or agree to sell only part.

Or as they said in the RNS: "Bookings to continue to be back-end weighted with a similar quarterly profile to FY24" so why would anyone expect anything in Q1, or even Q2 or Q3 for that matter?

Going on Pearls posts he has already lost £’000s on Cirata. A long established unprofitable company with bookings (not sales) of under £6m in 2024 and only 9months cash left at current burn rates. Add the one new contact announcement of $50,000 and a market cap of £5m (a fifth of the current share price) would be optimistic.

As Pearls posted last June:

“ Am really interested in the way the share price rose recently to the mid 80s just on the whiff that deals were being done.

When the company actually confirms these are in place, it looks to me like everything is in place for an explosive growth in the share price. I wonder how many on here will sell out once it hits 100p for example? A couple of good announcements or a decent trading update and we could be trading at multiples of this price.”

Computer, write me a CV that will cause Cykel AI's Lucy to pick me from a pile of applicants

$50,000!!!

Who holds the other 45% interest in Kon-16? why would Corcel get another 5%? When are Corcel likely to drill there? Have Corcel now got enough cash to pay for a well in Kon-16 which I think is a condition of the licence.

Corcel Plc is pleased to announce the successful completion and initial results of the EI-1 well workover as reported by the operator, Petroborn Óleo e Gás S.A. , in the IRAI field, where the Company holds an Option to acquire an initial 20% interest, as previously announced on 18th November 2024.

Highlights:

· EI-1 well workover in the IRAI field, Brazil, confirms sustained gas production at 20,000m³/day (120 BOEPD / 706 Mscf), aligning with historical production rates

· The well is set to be brought online within the next 7 days, reinforcing Corcel's strategy of acquiring cash-generating assets

· Corcel's first production milestone in Brazil (should it decide to exercise the Option), just three months after securing the IRAI opportunity, demonstrates the company's rapid execution capability and disciplined capital strategy

Guardian Metal Resources plc a strategic mineral exploration and development company focused on tungsten in Nevada, USA, is pleased to announce trenching results that confirm and extend high-grade gold (Au) mineralisation at the 100%-owned Golconda Summit Project located in the Walker Lane Mineral Belt in northern Nevada, USA .

Will they give January production figures? They gave a figure for December but that may have been due to it being the start of production. If they are going to give monthly figures would be due next week!

The problem seems to be that there are quite a number of firms offering data transfer solutions . If search on Google one that comes up is IBM® Aspera® FASP® (Fast, Adaptive and Secure Protocol) - which is owned by IBM not a mention of Cirata on the IBM site that I can find. What does Cirata offer that is different or better than the competition?

In last RNS it was stated: "Bookings to continue to be back-end weighted with a similar quarterly profile to FY24" - 2024 Bookings (not turnover ) were: Q1 $0.7m; Q2 $1.7m; Q3 $1.7m; Q4 $3.0m $1.0m excluding $2m booking.

£25m ($30m) market cap on thiese figures is still high!

The FCA is investigating the misleading announcements by Wandisco -now renamed Cirata and hopefully will be announcing their findings soon. You don't need negative posts -just look at the share price - down 70% in the last 12 months (53% down in the last six months). I think we should be sorry for those who bought in then.

Results last year were out on 4th April - don't expect much as $2m of bookings lin 2024 were on the last day of the year and may be classed as revenue in 2025.

Bookings FY 24: $7.1m (FY23 $7.2m) (FY22: $11.5m)

Revenue for the year TBC (FY23 $6.7m) (FY22: $9.7m)

Next years income depends on oil price (and Trump) but if 2024 revenue is repeated (Oil Sales: 2.27 million barrels sold at $82/bbl average price, generating $186.7 million revenue) then $54m cap ex on existing operations doesn't seem unreasonable

On the other hand -from the latest RNS:

"Bookings to continue to be back-end weighted with a similar quarterly profile to FY24"

So don't expect much in Q1-3

When share price was 84p (before the fund raise at 50p) the guidance for bookings was $13-$15m for the year. In fact bookings (not invoiced sales) were $7.1m actually down on the previous year. The market cap. is £27m ($33m) a significant multiple of current sales.

I do not understand why a well-established business (over 10 yeas old) with 2024 bookings of $7.1m (down 1% on the previous year) – which was about half the bookings forecast up to 16th December; with cash resources of $9.7m spending $6.4m cash in the last six months should be worth £28m ($34m). The market must be expecting a dramatic change in 2025!

In Q3 there were 16 contacts (not 8 as Spratt says) but one was for $983k so the other 15 averaged $47,800 each. So if do 14-18 as Spratt hopes (seems pessimistic to me) including one of $2m then total bookings (bookings not cash ) for the year would be nearer $7m - $8m with cash receipts well below the ~$20m overhead. Though probably best to wait and see next week's trading update brings.