it is always the same when people have lost a lot of money.
Am not sure there is much/any confidence in this share and BOD.
Am personally waiting for the Genel and PVR news as being the two main catalysts for near term SP improvement. NOt sure even the drilling of the wells will have much impact given the size and the lack of faith.
Thought the update was interesting and quite useful in setting out markers.
I don't understand the point of these boards. Nobody bases an investment on what a bunch of strangers have to say from behind their keyboard do they?!? I used to read this board because information was shared around. Now it just seems to be descending into a slanging match.
How come this RNS hasn't yet been shown on LSE .....Not as there is much to show. Look's like the £2b multi multi bagging pipe dream with an 80p share is well and truly over. The only billions wev'e got is the 2.5 billion shares in issue dragging the Co: down like led wieghts. As we all said at the time, except for the one who denied it would ever happen, how sad.
I know our strat is get assets do the 3D shout about how good they are in the hope of getting a free carry/farm in as we cant afford to really drill ourselves and don't have the expertise, but that start has failed badly over the years with know one really biting. Assets still have some value but not as long as OF is in charge.
for a company with rev of 0.4m euro having that many corporate hangers on is a joke, it must cost more than that to employ them. Why on earth do we need so many. We need to get shot of OF, all him and his cronies do is bleed the firm dry with overinflated wages.
The financials are a bit grim and the Palomar cash came just in time. That said, there are plenty of irons in the fire with quite a bit of encouraging corporate activity and a number of wells being drilled which will provide steady news flow and, hopefully, a bit more cash!
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