So why did you not sell the assets before taking the loan? Or do they sell their assets and then take a loan? How do they repay the loan?
Funny, the paid promoter scammer does not explain why they sold assets rather than dealing with loan sharks.
He also previously he was updated about buybacks and dividends. You all see a pattern in this scammer.
gorgon brown5 Jul '24 - 20:09 - 257 of 257
Why are they going to sell assets? Are the assets not bringing money to pay loans? Bonuses and directors' salaries?
Let me guess: the promoter is saying the sale of assets will go to shareholders by dividend.
So why did they take a loan, then?
ashkv5 Jul '24 - 14:20 - 248 of 257
Hopefully some sizeable Director Buys / Buyback announcements / Sale of O&G assets / Labour administration announcement re Geothermal etc in the near term!! |
Funny, the paid promoter scammer does not explain why they sold assets rather than dealing with loan sharks.
He also previously he was updated about buybacks and dividends. You all see a pattern in this scammer.
So why did you not sell the assets before taking the loan? Or do they sell their assets and then take a loan? How do they repay the loan?
gorgon brown5 Jul '24 - 20:09 - 257 of 257
Why are they going to sell assets? Are the assets not bringing money to pay loans? Bonuses and directors' salaries?
Let me guess: the promoter is saying the sale of assets will go to shareholders by dividend.
So why did they take a loan, then?
ashkv5 Jul '24 - 14:20 - 248 of 257
Hopefully some sizeable Director Buys / Buyback announcements / Sale of O&G assets / Labour administration announcement re Geothermal etc in the near term!! |
Why are they going to sell assets? Are the assets not bringing money to pay loans? Bonuses and directors' salaries?
Let me guess: the promoter is saying the sale of assets will go to shareholders by dividend.
So why did they take a loan, then? |
They did not borrow for O&G but for GEO projects, for which they will not make money for years.
It is scam if a paid promoter claiming the company has updated him about buybacks and dividend |
You are wrong. The company is a scam not because it has no money but because it has revenue and it is using it to take big loans.
True, it's €25m. Any banker will find companies that can pay it back at 9.5%. None of you will see any money in the form of a dividend.
In that case, it's a 100% scam; they take out loans to fund their lifestyles, bonuses, and salaries.
Tell me exactly how any of you expect to see any money here. They have told all of us they want to kill off the O&G.
Why would the bank not offer to loan 25m, when the company can use all its profit to pay them high rate? |
yep deffo kibes |
It is almost impossible for small oil companies to raise money at the moment. So why would someone be willing to lend Star 25 million euros (which is a lot more than their market capitalisation)? The answer of course is that the lender thinks Star's assets are worth a lot more than 25 million euros. |
When the troll is so desperate - one must appreciate the bottom is in or close ;) :) |
A scam company that is just net 1.75mn or so in debt and likely cash
Has a target price of 66p from Cannacord and similar high TP from other analysts
Also sizeable tax assets
And its oil assets even with high taxation have a NPV10 of $235million
SITTING DUCK FOR A TAKEOVER!!!
*Oil price assumption of c.$72/bbl for 5 years, then inflated at 2-3% p.a. from 2028 to 2050
· 1P NPV10 of $143 million(2021: $144 million)
· 2P NPV10 of $235 million (2021: $215 million) |
Careful of the scammer Ash.
They need money for other GEO development, so why would they buy back shares?
Look at his lies; one minute he posted, he got updated about buybacks and dividends.
Companies rarely do both; not even 1% of AIM companies pay dividends.
They have just remortgaged the company.
Next year, they need to pay $7m at 9.5% APR.
This is a scam company with no vision, jumping from one gimmick to the next one. |
They need money for other GEO development, so why would they buy back shares?
Careful of the scammer Ash.
Look at his lies; one minute he posted, he got updated about buybacks and dividends.
Companies rarely do both; not even 1% of AIM companies pay dividends.
They have just remortgaged the company.
Next year, they need to pay $7m at 9.5% APR.
This is a scam company with no vision, jumping from one gimmick to the next one. |
Hopefully some sizeable Director Buys / Buyback announcements / Sale of O&G assets / Labour administration announcement re Geothermal etc in the near term!! |
*Oil price assumption of c.$72/bbl for 5 years, then inflated at 2-3% p.a. from 2028 to 2050
· 1P NPV10 of $143 million(2021: $144 million)
· 2P NPV10 of $235 million (2021: $215 million) |
24 Apr 24
66p new target Cannacord Equity Research ->
"Valuation, target price and rating We take account for our new commodity assumptions and make a number of adjustments to our model, taken together we increase our risked NPV10 based target price to 66p (from 55p) and maintain our Buy rating on Star Energy" |
 I suppose the third party expert CPR 2P NPV10 of $235 million (2021: $215 million) is just made up along with Canncord 66p target price!!!
The Firestorm scamster - who is a well known pumper dumper on the case of STAR!!!
Net Debt is GBP 1.6mn as of last update - and that is when in 2023 average Brent prices have been lower than in H1 2024!!
Repayment of debt not an issue - and I expect STAR to update they are net cash as per next operations update RNS
Also expect Labour to encourage Geothermal energy - would expect Grants to increase!!
Buyback and/or dividends should be announced by STAR
STAR Share Price-> 7.31p
Brent-> $87.50
STAR Current Share Price vs 52 Week low of 7p on 27 Jun 24-> 4.43%
STAR Current Share Price vs 52 Week High of 14.98p on 4 Jul 23-> -51.20%
Total Voting Rights-> 129,306,506
Market Cap GBP-> £9,452,306
GBPUSD-> 1.280
Market Cap USD-> $12,098,951
Net Debt-GBP (31 Dec 23)-> £1,600,000
Net Debt-USD (31 Dec 23)-> $2,048,000
Enterprise Value (USD)-> $14,146,951
STAR Actual Production Average Full Year 2023 Boe/d)-> 2,100
STAR 2024 Production Guidance (Boe/d)-> 2,000
STAR/IGAS Actual Average Production 2022-> 1,898
EV/BARREL- Actual 2023 Average Production-> $6,737
EV/BARREL-USD FY 2024 Guidance-> $7,073
Decommissioning Provision FY 2023 Results (GBP)-> £62,411,000
Decommissioning Provision FY 2023 Results (USD)-> $79,886,080
EV/BARREL-USD FY 2024 Guidance with Decommissioning-> $47,017
IGAS 2P Reserves Year End 2023 Boe-> 17,470,000
EV/2P-> $0.81 |
https://newatlas.com/energy/fervo-geothermal-purchase-agreement/ |
They need money for other GEO development, so why would they buy back shares?
Careful of the scammer Ash.
Look at his lies; one minute he posted, he got updated about buybacks and dividends.
Companies rarely do both; not even 1% of AIM companies pay dividends.
They have just remortgaged the company.
Next year, they need to pay $7m at 9.5% APR.
This is a scam company with no vision, jumping from one gimmick to the next one. |
This dead duck is a scam.
Liebour comes in tomorrow, 40% tax levy.
and this dead duck goes kaput. |
Hopefully news on Buybacks soon!! Could easily finance GBP 1.5-2mn!! |
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