Too true ColinMc1, I've been reading reminders on the Hotcopper board, that the penalties are severe for posting incorrect or incomplete information in their version of a RNS. Hence the caution being exercised, rather than an RNS stating they can smell the gas!
Just reading Hotcopper and nice to see several of the more thoughtful posts on this LSE board repeated there.
To return the favour, this is relevant - "It's 20,000 bbl of fracc fluid plus oil and gas flow so will take a little while. If it can flow 500 bbl of fracc fluid per day, still take 20 days to flow half of it. We are close."
Worth noting that there are some strict continuos disclosure requirements in force for ASX when making comparators to AIM only listed stocks, that if breached have severe punitive consequences for the firm and the officer in breach i.e. RM
In particular, specific reference what can't be disclosed including when:
- The information concerns an incomplete proposal or negotiation; - The information comprises matters of supposition or is insufficiently definite to warrant disclosure; - The information is generated for the internal management purposes of the entity;
none taken, just didn't understand it. just wanted to warn people, as to reasons why again I used filter..Read back through members for those you have any suspicions. This guy today spent 10 mins trying to buy less than 20,000 shares in rxp at 9.52 had them at peak. Then telling their board that he works in the business is on leave and on pay to post. Along with much other garbage and posting stuff here that I read months ago,in his attempt to look astute, yet missing the major points and calculations. He, then actually slated me for stating some facts, not to mention trying to keep the board fun , friendly and posing all possibilities as it was for so long. .The guy also stated, he had 200k of these puppies at 4.6p in 2012, whereby he states that he bought 100k options at 0.15p if he owned at that time, the rights were 2 for 5 held, at 4,6p, options were given to those that purchased their 2 for 5 rights. the options were/are to buy one share at 0.15 aus money, equating to 8.25p, the option being valid until sept 2015,. Now I dont particularly care if you trust me, but make sure you know who you can take with a pinch of salt. The guy also had the nervel to tell me I need to get a life and get out more whilst he is here morn till night daily, probably playing with his benefits gla
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