Member Info for winalot

I understand that, i'm wanting the meteoric rise as much as the next guy. I've been here 12yrs so i've waited long enough!

It's not as simple as that.
So 10x for CHAR is ~£148M more (which is what CHAR value their find) to £165M now
If AEX added the same value to their SP is it going to be 7.5p?

Not to state the obvious but CHAR have only a fifth of the shares in issue that AEX have (827m vs 4,211m) so their 10x would only be 2x for AEX. But hey, i'll take it any day.

Today was the lowest trading day since Feb 10th.
Only 2.8 million shares, so only 1.4% of shares in issue changed hands today. Any share price movement on that volume should be ignored. When volume starts to pick up that's when to start paying attention in share price movement.

This is just being played by the mm's. Volume has been really low of late. For example in the 21 trading days of May only 2 days were over 10 million shares. The other 19 were towards the 5 million mark. Remember there are almost 2 billion shares in issue most of which are not in PI hands, these volumes don't mean anything in the grand scheme of things and I put it down to lack of information/ forward plan, whatever you want to call it. It's times like these where it's best to either top up if you can or switch off the screen until the agm. This will come good.

I'm not going to worry too much and await news, hopefully good news at that!

I think the company has 30 days to find a replacement before being suspended

This bit on the formal AGM notice made me laugh!

Recommendations by Wolfe
"The directors consider that the passing of all resolutions will enable the Company to promote the success
of the Company for the benefit of all its shareholders. The directors will be voting their shareholdings in
favour of the resolutions and unanimously recommend that you do so as well"

ehhh.....I think not!

Just filter your less popular posters, you get a sea of green boxes but better than reading that drivel! Needless to say, over the last few days it's all but Green boxes on my screen

As long as this board are in charge I think its safe to say there is no plan, they are possibly waiting to see if they still have a job post agm, if they do then they kind of need to plan something. I think they know the answer hence why no interest. I would of liked to of thought that the bonds would be paid off before the agm and some sort of plan in place to give them something to shout about, any decent board would!

Roll on the agm agenda and voting. I got about 1.5million reasons to vote!

Further still, if the well continues to behave and we achieve a further 4 offloads in 2022 then we could easily have $200m unrestricted by end of the year. Thats 10p a share alone not including any value for assets and tax relief. By the end of the we must surely be +15p

Some fag packet sums;
As of 30th April we had $92m unrestricted cash, this offload, which will now probably be more than the usual 535,000bbls, should net us about $45m profit (using slightly higher offload x $78 ($108 - $30 lift cost)).

This gives hur $137M less the cost of outstanding bonds ($78m) = $59m unrestricted. By the end of the next offload ~ end of July they'll near as damn it have $100M in the bank, unrestricted!

Not all doom and gloom! And the sooner the share price realises it the better!

I see the Petroatlantic is 0.5nm away from AM

That's what I thought you meant, lol

And what underlying factors exactly have us shareholders noticed??

There is definitely a demand for shares. I got my buy order filled yesterday for 240k shares eventually. Same problem today, can only get a live quote for 10 shares!

But yet, a dummy sell and they'll take 500k shares in one go!

Someone wants my shares, that's all I'm saying!

The net cash can clear all the bonds, hur have no other liabilities (that I know of) other than operational costs. Its just a comment in every operational update.

The Foinaven FPSO has retired, hence why they are selling.

https://www.energyvoice.com/oilandgas/north-sea/decom/379536/bp-decommissioning-foinaven-fpso/

Yeah, my 32 million was GBP. $42 million USD

530,000 bbls @ $110 Brent - $30 lift cost = ~£32 million profit.

Wallopers rather