A fine post sir.! And Cookie etc add me to the list of hardcore long termers in this until the hopefully not so bitter end. Sold these at nearly £4 not too long ago. Been a roller coaster ride since then but still up overall even at these levels and hoping for better things here in the next couple of years. GLA.
it is no wonder there is so little appetite for future investment in any aim share these days when the lions share of money is taken by poor management, board of directors fees, the big short and algo's running for a penny here or there - not to mention the p&d or any insider trading that happens daily. I have witnessed companies with massive potential just getting gobbled up by the bond holders or management fees not justified by their performance but suck them dry until there is nothing left. I have seen xel, afr, des, fogl, gkp, bpc, vic, rkh, ukog to mention a few all following the same destructive path regardless of the resource or potential. All possible future investors have been bitten once, maybe twice and have thrown in the towel and don't wish to be bitten a third time. The uk is open for business philosphy only favours the few and does not apply to the ordinary 'man in the street'. The once golden goose is killed before it even starts resulting in smaller margins for each and every trade and will thus lead to the algos grabbing 0.01p for thousands of shares traded taking the SP down and down until there is nothing left. leading to a smarter algo that bests a lesser one.
Not now took a small profit as could see which way it was going. Too much flim flam from management. All the fluids/liquids bunk. Of course there are liquids without those you can't get shale. But if you put them there you know what they are and some people say oil .if they don't get it going by 2018 they've missed the boat but they won't say that anymore than admit Alaska will be cut off from the major US pipeline. Have a good think !!
I only ever said 2p which it went to then the herd arrived. At present there are some interesting shells about. Noticed one went in six weeks 0.6p to 6.5p.But that's luck as they do nothing or something. Must have been lucky myself with 2500 shareholders not one complaint. They knew there was tea coffee biscuits for them and they got their 5% first year dividend. If meeting asked for made sure they got it. May be involved myself again so perhaps my cover blown. I'm not MI5 so what the hell but managed to keep out of if with Desire. Colin was relieved.
Cheers cookiecrew...I've been involved with RKH since the long past Desire days...even before Phipps senior passed away, I've always had in mind once the fist oil flows he will be looking down smiling thinking..... finally!!
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