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I think the market is telling the BOD to get their costs more in line with revenues, and as you say put some contracts on the table....the opportunities are not translating into revenues, as a level that any investor would feel confident with. Still very hit and miss and unfortunately and they have to work bl**dy hard to get the contract, due to their competitive nature... Having Stella's money is one thing, doing anything successful with it is quite another.. Investors are still waiting to be convinced..they want evidence, not glossy brochures or souped up RNS expectations
Thought these were quite positive despite the expected revenue slowdown - any views? My view was that the cost reductions are going the right way and business development opportunities sound promising. Still feel that they need to prove that they can win a contract, onboard it quickly and start generating revenue, then grow that revenue to satisfy investors that the business model is scalable. At the moment it still feels like they have a way to go before they have adapted fully to the change in their revenue generation model. Although, I'm amazed this has stayed sub 20p given the medium term funding secured from Sella that buys them the time needed to onboard their contract wins and ramp up revenues.
Good potential with this, steady she goes.
Stop looking for something that isn't there. This is a DEAD DUCK!
A huge buy late on!
25% rise with no news means somebody has an inside line maybe...?
enthusiastic buying this morning. Any reason for this? News on the way perhaps? Recent fall was expected after rally as day traders move on, unlikely to be solid and stable rise until more news and proven revenue. Long termers just have to keep on and on waiting........
looks like the shorters are taking the profit. this will fall some more I think, settle for a while then maybe gain ground towards the end of the year depending on results of new contracts. wouldn't like to call how low it will go. I was hoping 5.5p but we may see 3p...
Mate it won't drop. Too much anticipation and buying. Institutional investors having to buy on the open market and this location being drilled is surrounded by SHELL who already offered £50m just for the license. My guesstimates are that this will be bought out by SHELL very soon and u will be laughing all the way to the bank mate. Especially if they have loads of gas down there. As for this Dog of a share has the Duncan's p1ssed off yet?
Thanks for the tip. done a spread bet on it. and waiting for it to drop a bit.
Gel well played sir. Stay in and don't sell there is so much more to come. 56p just now. I called it when it was sitting at 33p on here that it would hit 40p and now up to 56p. Good luck Gel
I am brilliant And topped up on cloud
Hope use are involved in there guys. News tomorrow hopefully ;)££££
Lots of short term investors involved I feel. This needs to normalise before it gains again.14p by Christmas I hope 😀
A bit quiet here today....how about 10p by Friday ???
Nahh The buying has Only just started clear skys to 11p
shorters will take profits soon, maybe 5.5p by Friday.... or hopefully big news as you say :-)
big news be in early
Thing it is something to do with the latest tweet from CBuy. More jam tomorrow
Lots of buys !! 9p this afternoon!!!👍👍👍👍👍
If we have another one bag from here I may even show a profit, here's hoping.
The broker rating has been at 100 for over a year now, and it was top of the leader board most of the day yesterday, as we know if this becomes what is expected of it then it will exceed 100, it all about risk, it's already had a one bag in the last week, gla.
Top of the leader board
This share was tipped last year to do really well just waiting game
Be careful, it could be a pump to let a big holder out. Not advice just have an open mind. It could also be somone catching hold of some inside information. Who knows eh