Member Info for Wolfman79

Wow, what a dog of a share, only large income will increase this!

I think this is simply a reversal (correction) from all the government nonsense and potential tax and the II's wanting more stock and the mm's were needing PI's to sell to get for them. I think this is setup for a T/O from a cash rich giant who could clear the debt or reduce and make a monster betting company

The gambling firms will be licking their lips at the new rules around £5 spins and the levy. Evoke will lilely pay around the same in levy as they currently play. They will make more profit from the £5 spins as most people who play above are problem gamblers chasing losses. They will extract the same or more money with these limit and they wont pay out so much. I had a friend win 2x50K on £50 spins and they tried to get out of paying and he got 25k from one company and 29.5k having to threaten court action so the industry will keep profiteering. FOTBS are making more than ever in the shops with the £2 stake limit

Love the name? As if Shay the CEO of DAZN would comment on here!

I thought the same, my hope is someone is aquiring for a takeover! Perhaps the market dont believe the turnaround is on the way yet and it will need another 1 or 2 positive quarters to move the SP. We all know momentum is key in these stocks just look at flutter SP 60% up year on year. I think the debt is always going to worry the market here however if a merger or aquistion was to happen with the debt cleared this would be 1 billion value immediately, with a sp around £1.8-£2 hence why Playtech bid £1-56 Does that mean it will happen in the short term, i am not sure, but there is definately value to be had here IMHO.

Just looking back at the history of Selan's SP on 14 Feb (when JV announced) their SP was 486.80 INR, today it is trading at 839 INR (72-73% increase) whereas our was 0.14 and is now 0.05. From how i understand it this Cambay project will add around 40% to their business when it is operational so I still cant get my head round our low SP and the fact we have all backed the wrong horse! This might not age well but here is hoping to a 0.25 SP when we get production figures and my guess is that Selan is over valued and will drop eve on production figures. GLA

I think the only thing that will move this SP is income, which will start in the next couple of months, this maybe dragged lower and i think there will be a few who make a lot of money out of SYN. I think what it is clear to see is how little sell outs move the SP down quickly (not including the raise) and this should be the same on the way up. As a LTH my hope is there is no need for further dilution and the income starts hitting the balance sheet from the work overs and then when we drill the vertical and horizontal wells and the real cash is generated we all prosper. I still cant get my head around the value of this company and in terms of other shares on AIM i think it is potentially bigger than HE1 and look what happened there. The lack of trades (interest) in SYN and that is what needs to change and i can only see income driving this. Not sure how low it will go but think this still has a big upside. GLA

Is anyone else watching the Level 2 on this daily? The buy depth seems to always be outweighing the sell depth but not too much movement on SP. The same was happening prior to Amertis doubling their stake, is there another II building a bigger stake in this? As much as a Takeover has been talked about I cant see this happening just yet as I think it would have to be a bid north of the £1.56 from Playtech and i think it would need to be closer to £2-50. Not ramping just interested on peoples thoughts?

The only hope is that he is working to get us bought out by Selen. Look at the Getech SP and its decline in his time, looks like lots of further raises! Probably do a 10:1 SP almagamation to the rinse the shareholders back down to this level again

Maybe i am missing something but the share price is declining quicky when there has only been £10000 traded. Can someone enlighten me on there thoughts if RW does produce an RNS that the market likes, surely the small amount of trades would move the price very quickly. Think i may have to restrict access to my HL Share Account as it shows depressing reading at this share price. Awaiting the quick pump and dump in January with the potential raise. Averaged a lot higher and starting to accept i may have to cut my losses on next rise as RW continually fails to deliver!

Would be good for sure, but at what price??? Some chunky buys going through, still trimming at 59.99?

Good review Gordon, and using the phrase 'low hanging fruit' displays you have spoken to RW as he uses this alot. I think there are several factors around the II's. Firstly this is India and alot are put off about this, Secondly this is O&G which is not really green enough for some of the them and lastly as said not enough is known about CCS yet. We are all in this share to make money however this is AIM and it works on a lot of sentiment. If they update us with great figures this could easily hit Panmure's target and I think it would be a sitting duck for a takeover like what happened to Star Energy under RW management. If the figures are as estimated why wouldn't Selan take us out in the 0.5-0.6 range and have all of the pie of Cambay fo circa 50 -75 million. The way i see it is Selan and Synergia start bringing in big revenues from this first programme of work and the rest will follow including an uplift in the SP lets say this sits around 0.17-0.25 after this first round of work (with proof of income being received) the market looks at us as a totally different animal, II's jump on board because they believe, we have a new base share price to trade from but it is still AIM and still a risk. The SP where it is is cheap and i believe derisked but only time will tell. Keep the faith and patience and hopefully we will all be rewarded. GLA

Anybody got a research tree account for the Panmure document they can share?

Is it just me or has nothing changed in the last 24 hours, we just know a little more. I know communucation from RW doesn't always seem the best but he has updated us with further information which is what the posters on here want. I know it is AIM but not all RNS's will spike the SP and realistically as LTH's is that what people want. IMHO Patience is the key here, and this is how i see it.

1. We know what reserves we are sat on

2. We have a $20 mil work programme to monitise what we are sat on from probably the best JV partner we could have asked for.

3. We are derisked as we have cash in the bank

4. WP timeframe is 18 months

I know SYN and prior to that OEX got a lot wrong but surely as soon as we start producing and more importantly selling then any buyers at this price will have been rewarded hansomly. Yesterdays actions did seem a bit leaky but I also reckon as time moves on people will want a piece of this and 0.1 will be long gone. I for one dont want to be on the herd train again but it seems a lot on this board want a spike to get out (which i do understand). To me the value in this is producing because if the numbers add up the the MCAP follows quickly.

I also thin RW wants to get information out but Selan dont, if you look at their website there are not a lot of updates, they have also had a SP increase of 80% in the last 6 months and this can only increase further from sales.

The way i see it when the numbers are released it will rerate, my prediction is to the 0.25 to 0.35 range, I have also been told that Selan see this WP to increase their current business by a third so i dont think it is just us SYN shareholders and RW who believe we are on to something i believe the Selan lot do.

GLA and Gordon when you do sell out at a profit give me a shout as i believe we live quite close for a beer in the Sussex countryside!

AGM for Selan is 30 Sept so doubt we will here much before then

MM's obviously want shares as you can sell 42million at once (£40000)! Not like this in a rising market

I honestly think the market has got this one wrong, and think at the moment the the derampers are winning. PR may not be the companies strong point but I also think we have one of the shrewdest CEO's on the AIM. IMO this share is fully derisked and i was expecting this share to be trading around the 0.18 -0.22 now GOI approval is complete. If someone offered10 million for the company there is no way it would be taken however I think patience will be rewarded here with where we are. Selan do not want this to fail and their BOD likely dont currently want any further increase to their share price because they want this later due to the increase they have just had from the trading update. We have a 20 million WP with no debt and Roland has said several times he doesn't plan to raise , so a lot that is spouted on here is BS. Surely we all want a sustained rise and when cash flow is generated (which i believe will be Q3/Q4) we will be rewarded here and i believe the herd will arrive but they may miss the rerate. Others may disagree but GLA

Another week and we are down to this with 18 trades! I do think people and maybe the market has lost faith in this share as i still cant workout this share price? Maybe the MM's are trying to accumulate lots of shares for II Investors (i do doubt this) but i cant believe you can buy at this price after the best piece of news in the companies history. It is now feeling like all other AIM complanies (jam tomorrow) and we have gone from Feb news to Aug news to drilling and flow rates (whenever they maybe over the nex 18 months) and it will only be income received from sales that will increase this share price. Surely at this price it may even look attactive for Selen to buy the whole business!

I dont post much on here, but here is my view for what it is worth! Is SYN undervalued? The simple answer is yes, I would though we would be sitting between 0.25 - 0.30 now, however there seems such low confidence in every single RNS released on this share and this is indicative of the number of daily trades on this share. The company is fully funded now with a $20 million dollar work program with no debt and working capital. The $20 million work programme should vlaue the company at a minumum of $45 million ( what selen are paying times 2 including the cash payment ) which is around the £35 million. This is without any of CCS stuff. Once the work gets going and we are producing cash flow month on month this will fly. I think it would help if Selen's website had an update with what is going on would alos help the SP massively

Told you Gordon