Ive seen a video from Justin Waite this weekend on twitter highlight the investment case here: https://youtu.be/JFLVV-9WfEE
Does anyone know the forward forecasts?I think here: https://bit.ly/2Fb1yV2 it mentions a projected £8m turnover and resulting projected £2m EBITDA for this current year ended August 19 and projected cash balance of £5.5m.Has anyone on this BB got a link to this broker forecast breakdown?Chance of a dividend perhaps?Based on these forward forecasts this does look cheap/good value however they obviously have to meet them.
Licence is coming in January and will be scramble to buy shares.Aminex vote 4th Jan and the licence is awaiting that confirmation, final talks held following.GL
Looks like the board are getting to a position where they are fully in control of a large chunk of the company.Next I would like the ukog shares sold and the new cash position known.as was mentioned previously.
You cant argue with 2.25 times return on an asset that would otherwise just gather dust and be forgotten.Well done board.
Just waiting for the bottom to be in.
I researched over the weekend and concluded that this looks like a very good bet for a turnaround story from here
All the ramping of this permit that hasnt landed quite yet.. that was oh so nearly there 3 months ago
http://www.lse.co.uk/share-regulatory-news.asp?shareprice=GEO&ArticleCode=jep57w4b&ArticleHeadline=Exploration_Permit_Approval_Imminent
red flags galore
its simply not a business and not sustainable.Look at the accounts.
I see a share suspension coming here in all honesty.
Absolute disaster here.£5m loss reported for past 6 months, huge admin fees, with no cash.
The huge red flag though is the £44m of debt that has to get serviced.
Problem lies if they cant service the debt it goes in to liquidation.Can see why City Financial bailed at any cost!
be careful with this one folks
Why release that approval is imminent with something that is totally out of their hands?Why not wait until it actually happens then release it then?Odd to say the least surprised it got nomad sig off..Wouldnt surprise me to see a big placing land here shortly.
Remember who the rampers were as they have all sold for nearly 100% and now sailing off in to the sunset leaving the poor people who paid higher up to hold the baby.
COPL, CHAR etc all released dusters few weeks before TD was supposed to have been reached. Reality is TD timeline allows for associated testing as well. If there is nothing to test they announce early (providing no delays during the drill)
Early trading halt never a good sign.
huge buying over the pond last night, up 13% to 5.2c or 3.2p.
Im normally a bear and as such open short positions in stocks but this is one company I have come across where I have opened a long position.A good overview here:
https://t.co/m242XxMirq
One that there is very clear upside from this low market cap.Well done holders
Today is only condtional funds for the works following the drill.They still need funds for the actual drill.Wake up in another 18months following the next palcing.
yep brokers doing the rounds.Take note of who is ramping this.Always the same faces on each spike.Bladderman, Boom123,Mr Calm etc.
on Monday then
These three new drills will cost another £5m to drill.Put this on to other commitments and theyll be raising again pre drill.This company is going to be £40m mcap at 0.7p before they even spud anything.All tiny little drills,1 million barrels here and there.Really do not see the appeal.When they actually going to deliver a drill?