Member Info for Wannabeloaded

At 12m market cap, I would buy a huge chunk of PAT if I were the Indian Government.

@Gallnart

The treaty is between the Indian and Australian Governments. We have no business with the buyer. The buyer should do their Due Diligence and that should reveal the potential risks and how much they should agree to pay for it.

The Indian Government may want more from the buyer because it knows it has to settle PAT at some point. The uncertainty is how much they will be paying PAT and not IF they will be paying.

DYOR and GLA

For this to 30 BAG we only need to settle for 2% of the current valuation by the Indian Government. Just 2%!!!

There is more there and Faskens will be not be settling for anything less than fair value. Folks, this is a no brainer. I will wait for as long as this takes. If only for the excitement

Remember once again that the very WORST case scenario is we get our costs back, That itself is a 2-5 bagger from where we are today but Faskens ain't having that ;)

DUOR and GLA

@Gallmart..

Not 1 trade, but when the right news lands, there will be a massive scramble but it will be too late for many then. At mcap less than £10m,thank your stars that you are here NOW. Many will kick themselves when this flies.

I am not even sure Faskens want to negotiate:) They probably want Arbitration where they will get more! Otherwise why throw £13m at something you are not sure about? These guys are not fools

DYOR and GLA

@oldbutnotwisa

You took your losses here ages ago but you are still here ;)

Listen, the worst case scenario here is PAT gets compensated for the expenditures incurred up to date which in present value terms is way more than the current market cap of the company. Even the Indian Government in the revised law agrees to this.

Why would anyone crystallise any losses . Patience is the key here buddy. We have a great case

DYOR and GLA

Highlights

· Issue of Funding Confirmation Notice for INCREASED unconditional funding Facility of US$13.6 million.

· All monies advanced through the AFA are non‐recourse and ONLY RECOVERABLE in the event of a successful recovery.

· Appointment of several INDUSTRY LEADING ADVISORS AND EXPERTS in support of IGPL's claims against India.

One day, the market will REVERBERATE and many will cry their eyes out for missing a great opportunity

DYOR and GLA

Pk, To be honest this is not about 7 resistance. It can move between 4 and 7 for as long as it likes. In the end, It is going to be fly or no fly situation for the share price when the expected NEWS lands. More like 70 resistance for starters. With Faskens contracted to spend up to $13m? What's my £10k investment?

People should just chill out. This will fly

DYOR and GLA

Not sure how much can be done it 12 months but all investors were fed up with the annual " Drill" which has an annual cost of over £20m. Looks like the narrative has changed and about bloody time! Money Money Monetise and at a current market cap of £43m I believe things can only improve for 88E. Really hope so. 500 million Barrels of light oil in the ground in the USA must be worth a hell of a lot more than £43m. And that is just one asset. Surely the directors can convert this (Hickory 1) into great shareholder value and enough cash for the company, can't they?

And hopefully stop this incessant quest of raising cash to drill more holes when nothing has come off the many many holes already drilled :) except to tell us of how promising the assets are :

DYOR and GLA

On AIM, it is a bit of both really.

No dividend in sight and now no capital appreciation. Where is the shareholder value coming from? That is the question the directors cannot answer clearly because I am not sure they know. At PANR they have told shareholders what they have got and what they think it is worth or may be worth in 4-5 years time. $5 to $10 per barrel and they have 1.2m barrels at least!

My advice, prove up and sell off Hickory1. Give the suffering shareholders a long overdue break by way of Dividends and use the extra cash for exploration in Alaska and in Southern Africa. Simple!

Is this not an Exploration company anymore?

DYOR and GLA

On AIM, it is a bit of both really.

No dividend in sight and now no capital appreciation. Where is the shareholder value coming from? That is the question the directors cannot answer clearly because I am not sure they know. At PANR they have told shareholders what they have got and what they think it is worth or may be worth in 4-5 years time. $5 to $10 per barrel and they have 1.2m barrels at least!

My advice, prove up and sell off Hickory1. Give the suffering shareholders a long overdue break by way of Dividends and use the extra cash for exploration in Alastair and in Southern Africa. Simple!

Is this not an Exploration company anymore?

DYOR and GLA

Any valuation of this company less than £150m is a bargain and the Chinese will snap it up in no time. They will easily pay for the development and receive payback from future cashflows once production starts. It is a no brainer!

No point diluting the shareholding any further or raising any loan shark finance. Hope the Board have learnt their lessons from the recent give away of shares!

DYOR and GLA

@Mystic, Really? And how long will that take? As long as it takes :) ;) 88E is an annual cycle company. So maybe next year spring ;)

DYOR and GLA

A successful flow test appears to have been built into the share price, otherwise why no serious upward movement. Quantifying and selling off Hickory 1 will reward shareholders AND bring in much needed funds for exploring other projects. That's a clear plan. We are not sure what 88E's CLEAR plans are. Are we still a pure exploration company or are we going to be a producer? What is the timescale to commercialisation?

These are the ONLY things that will add great value to the company. Everything else is Annual speculation and gambling .

See you next winter/ spring for the same old....

DYOR and GLA

Hi Folks

https://www.youtube.com/watch?v=OZVsagpquy4

Watch till the end......:)

Fingers crossed for next week!

DYOR and GLA

Placing of 2.4 billions shares @ .25p raised £6m for the company. It gave a hefty profit of approx £52m to those "Investors" within a couple of months! If they had sold at 2.4p this morning.

Not good financial strategy by the company AT ALL! Existing investors were short changed BIG TIME. Glad I averaged down but nevertheless my potential profit pre placing had been taken by those investors. But one could argue that they saved the company from going bust.

And why would anyone not sell out and risk losing that sort of money? The lrofit taking of the size in an AIM company had to happen soon.

DYOR and GLA

Tree shakes etc and private Investors are geeting scared and selling cheap! :) :)

Serious mugging going on :) :) :)

DYOR and GLA

@ news

You should be comparing the MARKET CAP when the share price was at .9p with the market cap after the placing. You should not be looking at the share price.

For example if at 9p a company has 100 shares, its mcap is 900p. If it simply increases its number of shares by 900 by issuing new ones at 1p it will have 1000 shares and a MCAP of 1800p. The new share price will be 1.8p. The only way to get back to its previous price of 9p is to add value to the company.

DYOR and GLA

The market cap was £80m in July 2023 and it has dropped to £10.5m right now at a share price of .30p. It means that to get to July 2023 MCAP, we need a 7 to 8 fold increase from here.....30p x 7 = 2.10p

If we are really on to something here (Itumbula), I really do not see 2.10p difficult to reach very quickly. A discovery? and the share price will be much higher.

DYOR and GLA

@ Oldwasp, Worry not about the price. What matters is the value (MCAP) of the company.

The highest value achieved by this company was in Feb 2021 and the market cap was £26.429m

Today the market cap is £14.955m and if it only rises to the all time high of Feb 2021, the share price will be .684p

Now, what value do you place on this company with BCM now involved in only 2 of the potentially many licences? And, If the funded drill results start coming in good, the value of the company will rise very quickly. As you know, the only way to value many AIM companies is by valuing their assets (or potential assets) because there is no income stream from holding the shares. 1 year, 5 years, 10 years??? All depends on how quickly we drill and prove up those assets. Simple

DYOR and GLA

The SP will reflect what the company is worth potentially. A company's value depends on its expected income stream or the value of its assets. AIM companies, especially exploration companies have no steady income stream to shareholders in the form of dividends so we cannot value a company on this basis. So we are left with net assets basis. If a company makes a discovery and the share price has not already built in the discovery into its value, the share price will rise to reflect this. What value will depend on the value of the discovered asset. How will you value x quantity of discovered Helium today if the company were to sell it to a production company?

MMs are able to play around with AIM share price because there is no income stream and we all depend on the value of the discovered asset or potential discovery and sale. So I will not sell a share that gives me an annual dividend of £2 for less than £20 because that is a guaranteed 10% annual return for the risk.

If HE1 makes a discovery that another company is willing to pay £250m for today, the market cap will be £250m and the sp will simply rise to reflect this. No MM can control that

DYOR and GLA