Longboat Energy Share Discussion Threads

[hamid1970] 03/5/2023 07:39

LBE are good at burning through cash, this pile wont last long and we will be back to square 1

[ohisay] 03/5/2023 02:03

Updated presentation ...

[riskyinvestor] 02/5/2023 19:24

Tower Resources (TRP) also looking for Farmout

Hope Japex does one there

[the donald] 02/5/2023 16:54

This will carry on tomorrow. Market cap should he nearer double imo.

[the donald] 02/5/2023 16:53

Excellent interview just out.

[genierub] 02/5/2023 12:24

Amazing upside here. Both LBE and SYME both rallying :)

[bbm_144] 02/5/2023 11:09

Certainly wasn't expecting this RNS this morning. Potential huge upside here. GLA

[ohisay] 02/5/2023 11:05

Cenkos again ..

JAPEX was established in 1955 and is engaged in exploration, development and production as well as power generation in Japan. JAPEX was listed on the Tokyo Stock Exchange in 2003 and has a market cap of US$1.8bn.
Proved reserves at the end of 2022 were 159mboe and FY22 production was 58,500boepd. JAPEX’s major shareholder in the Ministry of Economy, Trade and Industry of Japan (35%).
This backing by the Japanese government is a key differentiator and could help to unlock transactions.

[g2theary] 02/5/2023 09:55

Look who call it wrong again :D

[someuwin] 02/5/2023 09:51

Huge upside here.

[zxie] 02/5/2023 09:47

Termite101 is number one idiot in advfn

[bensdad2] 02/5/2023 09:36

We are coming up to 10% of the shares being traded already this morning. Obviously, there will be lots of holders who are in the red, and taking the chance to sell out on this rise. I feel there is further to go, possibly up to about 28-30p today. If the selling dies, it will move up further.

[ohisay] 02/5/2023 09:32

Cenkos note just out has closing cash end 2023 of £25.7m and then £22.6m end 2024.

They also say ...

Follow On Financing Commitment to Pursue Growth - As part of the investment, JAPEX will provide the joint venture with a five-year, US$100m acquisition financing facility to finance acquisitions and associated development costs. As a result, Longboat will be able to pursue transactions from a position of strength, with counterparties knowing that Longboat has the sufficient funds with which to transact. The facility will be available for drawing for the first three years and will attract a market rate of interest on an increasing scale over its tenor with an initial rate of 6% in the first year and an all-in-cost over the term of less than 10%.
We believe the acquisition financing facility has been structured in such a way that the JV can bring in additional third part debt. Using the leverage generated by the facility, the JV will be able to unlock significantly more financing capacity, and therefor pursue much larger deals with meaningful growth.

[blackhorse23] 02/5/2023 08:48

Switched to GATC , excellent timing

[stockhunters] 02/5/2023 08:45

so over 40p in cash with $16million payment not including the other milestone payments

[sogoesit] 02/5/2023 08:21

Lots…. lots of laughter!

[ohisay] 02/5/2023 07:50

Auctus this morning ..

The transaction values Longboat Energy at US$16-50 mm (£0.22-0.68/sh or 2.2-6.8x the current share price).
Our new Core NAV incorporating the cash injection and the reduced WI in Longboat Energy’s various assets is £0.28/sh.
Our new RENAV stands at £0.88/sh.
Our new Unrisked NAV for Velocette is £0.76/sh.

[ohisay] 02/5/2023 07:25

As I said before like money in the bank investing in LBE at sub 15p ...There is a conference call out tomorrow at 11am.
As a recent shareholder holding just less than 1% of the company Im a very happy bunny this morning,

[ohisay] 02/5/2023 07:23

Absolutely stunning ..this the value of a good Management team and the Japanese have seen that .How on earth was it ever trading at sub 50% cash this last month??

[dunderheed] 02/5/2023 07:19

That came out of nowhere!
They are an excellent management team so hopefully will have a bit more "luck" now?!

[ohisay] 02/5/2023 07:15

That comment hasnt aged well !