Member Info for zebbo

If we are talking about needle moving events, LBEs prospect is bigger and with a 10m mcap...go figure that one out

CEOs last tenure, Hmmm I dont want to influence anything here but...........

If SQZ dont get a decent deal done they are dead in the water, particularly if G&O prices start dropping. Tough call TBH

Did some DD this weekend. The result being I just had to buy a few

If and it is an if at this point, expectations are proven this will bag. How many bags Im not sure but looks very promising

You wait until we see some movement here, Q4 / Q1 25 will make Norway look like a side show.

I expect the SP to be nearer 40-50m as that firms up.

That said buying production assets has been slow, with no real excuses. Now H has moved he can fully focus on spending some of the Japex budget

Notice the tech director did not take any, that on its own tells me something. Also 50k is small beer, the CEO & chair had to buy for credibility reasons. With cash available I cannot see them building and getting paying clients on a new regulated platform in the timeframe. They will also have cost pressures. This has turned from a company with potential to high risk punt

Sort of get the feeling nothing is going to happen

Until A& B complete

A - funding is in place

B - Mine built

C - Material is being processed

There was some big buys back end of Friday, back to the 40s is very realistic ST target

Av123 - The Inst placing has been done at 45p, there will be no reduction. Do you read the RNSs or just spout drivel

I believe they have to do this as part of the e2e process.

If they go to 50p today, I may take up the offer :-)

Yeah, lets hope we get some more detail re the plan and execution. Hopefully we will get better comms, maybe a slow road to full recovery

They are a quality outfit and have a good rep, so lets see

Not to bad, based on todays action. Less dilution and maybe use some of the cash on the balance sheet or slow down expansion a little. Expect retail price will remain at 45

Got to be honest I am 50k down, but have been buying a few more. Having done some due diligence and having parked emotion at the door, I think the odds are in favour of a turn around. So aspects of the strategy I like. Moving away from transactional to a subscription based service, is the way to go

If you read the full results you will understand what the funding is for :-)

For me this is a solid reset. If anyone has done any research you will see Jim's got a good track record of realising value. In addition the move away from transactional work is a good news IMO

I stand corrected divi scrapped

Little bit of fwd selling, hence the stake reduction the other week. Can now buy back at 45. Nice if you get the inside track

Results are slightly ahead

Funding to accelerate growth

Divi remains

I like the new focus, the SP is washed out anyway at this level. I see this as the start of the recovery

Having a business insight into how the Japanese like to conduct business, I think this is how it plays out

1. H now gone to head up Japex/LBE partnership.

2. Japex buy out LBEs stake (they have H to do the Norwegian deals, which is what they wanted all along)

3. Stake money will then be used to progress Asia opportunities and the big beast :-)

We will also have production $$ coming in at 51%. I'm sure some will be used for running costs before paying down the JAPEX loan