Member Info for Xenor

Interesting find. I wonder if we'll see contract upgrade news at some point. To be fair the original RNS did say 60-70m and then "base 61m" so definitely scope for extra work. I reckon we ultimately get 70m from this.

£1 in 12 months was always a ramp too far from traders looking for a quick profit. Most reasonable people were predicting 30-40p, but even that was so far off. It was justified however given where it got to in November 2022.

The main drag has been the never ending finance saga, the market doesn't like uncertainty. You'll be waiting for that to close before you see your 20s again. That will mark a huge turning point for the company in the same way the FSS contract did. The next milestone after that will be breaking even and once that is achieved this share will be very attractive.

Nice find. Looks like it will arrive next week.

Be nice if we can get more FPSO contracts as these are very juicy for 5 months of work.

Yeah silence on AIM often means a depressed share price as people get impatient. Then the news comes and the share bags like BMN and BOIL yesterday. Could well see the same here on a positive announcement. Or it could drop further before news arrives. But the risk reward seems good at this level.

If you believe the finance deal will close then the risk reward is very good at this price point.

I agree there's a lack of interest in the shares right now. It's almost as dull as it was pre FSS. People will still be watching it however for when finance drops.

What's going on with the sale and collapse in share price recently? I dipped in yesterday with a small amount after following for a while (I previously held some last summer). This looks dirt cheap right now.

Mary, people like Broomtree won't be happy until JW purchases a tardis so that he can tell us accurate figures of things that haven't yet happened. Like can we not have the 2024 results already? Might calm him a little!

Broomtree is becoming the new DogFather. Every thread he posts in turns to 💩

I rewatched part of the interview from September and JW stated that he expects the company to have a good idea of what they intend to with with IM by the end of the year (2023) or by the end of Q1. I suspect things are moving forward behind the scenes. Hopefully he has an announcement ready to go once the appeal is won.

Good find Kaeren.

One cavern at a time makes the most sense if we were to go it alone rather than as a minority stage in a JV. That way once the first cavern is built the rest would be self funding. Yes it takes longer to get them all done as you say Findingtheta but it is better than taking on extra debt or diluting shareholders.

It's just an offer to get bums on seats that would otherwise be left empty due to off peak travel time. Same as any other transport deals you see for trains, flights and ferries.

I'm surprised. I thought they'd drag it out until at least after the next election. Hopefully it brings more investment into NI.

I don't need to ask why. I know why we're down here.

Like clockwork... Share price hits a low it hasn't seen for months and Hebridean9 pops up. You'll be gone as soon as it reverses back to 12p.

Sound like a good plan that, reducing the debt pile. Would prefer a farm out and keep 30% stake however.

If we wait for interest rates to drop and keep dropping we'll be waiting for next year. Just like mortgage rates I expect future rate cuts to be factored in to any deal we sign.

Share price is dire. Lots clearly going on behind the scenes but other than some social media posts we're being kept in the dark. Communication needs to be better.

There's also no doubt still a lot of people worried about finances which is leading to more sells than buys. I thought we would have held 12p at least however.

How long is long? This is 84% down over 5 years.

It doesn't matter what people say about the finances, until the UKEF backed deal is closed there will be shorters banging the drum about the company imminently running out of cash. I accept that without a refinancing we won't have enough cash to get through this year, but with 2023's revenue being back loaded in H2 and probably 100m of revenue in H1 2024 it's not something I'm going to worry about before H2.

I accept that some are concerned about H2 with Sea Rose and M55 due to be finished by then, but we will likely win new contracts between now and then. If you'd asked what we'd be working on in H1 back in July no one would have said Sea Rose. So let's see where we are by Q2 on that.

Wait, so you sold for 5.53 and now buying for 5.5? Was it really worth scalping the 0.03p?