Highlands Natural Resour... Share Discussion Threads

[bobby1904] 13/12/2018 08:49

No. Wrong. The deal hasn't finished. It's ongoing. They have their 7.5% share of revenue from the wells included in the deal. We don't even have any flow rates from 75% of those wells yet! But despite this you are already judging it as if its finished when it is not! Also, this deal is only on the first 8 wells. There are dozens more to go after these.

[cotton4] 13/12/2018 08:42

Annualised revenue from 2 wells ~ £1m. That would £4m from 8 wells at current production. £12.5m from 24 wells, profit £8.5m .Current market cap £16 or a PE of 2.
Risk reward. No oil then no value. Simple.

[bobby1904] 13/12/2018 08:32

My point which you purposely ignore is that these results are for a period in which the deal they did hasn't yet been properly reflected! A judgment of the deal this time next year would be more fair but to judge it as you are when it hasn't even go going yet ie flowing is just picking out something from the accounts & putting a pair of blinkers on to interpret it. All done by you to suit your short position. However you are wrong. Full stop!!

[cotton4] 13/12/2018 08:28

If the oil is there, the potential upside, risk free is substantial. The presence of oil is always the risk in investing is this type of company.

[bobby1904] 13/12/2018 08:15

Irrelevant! It's in the past. It doesn't include any revenue for 6 out of 8 of the E Denver wells which are in process of coming on line in next few wks. Looking forwards these will bring significant multi $m's cash in. You have an agenda and twisting picture to suit your position.

[bobby1904] 13/12/2018 08:06

How do u arrive at E Denver being a loss when they haven't got all 8 Wells flowing yet? We're still waiting to hear about the flow by early 2019. You are just desperate to find a way to back up your failed short bet!!

[glenbo1] 13/12/2018 07:52

This is in the outlook statement. Highlands enters 2019 with revenue streams from three projects, placing us, for the first time, in a position of self-sustainability. The core value of the Company is represented by our East Denver Project, which itself is expected to cover all our overheads for next year. The potential expansion opportunities at the project would deliver further upside to Highlands at no cost to us.Jack please comment

[bobby1904] 13/12/2018 07:51

You sound very desperate. Worried about your short bet?

[glenbo1] 13/12/2018 07:49

Sorry £1.88m is the right off.Plus revenue stream is now increasing. Denver was not a great business decision but these things happenThey have many rabbits in the hat.

[glenbo1] 13/12/2018 07:48

Does it not say self sustaining from the beginning of 2019£1.88 is a right off from a disposal

[tidy 2] 13/12/2018 07:25

Sounds like panic coming from you jak whats up son?

[cotton4] 12/12/2018 03:47

A bit like buying an annuity. You give up your hard saved cash for a lifetime income.
The question for HNR and us as shareholders, is there a lifetime income and how much. If they have anywhere near £3m in cash, I would be delighted.