they have £19M in cash so this share price makes the licence area only worth £1M. a drilling campaign costs £100M so we need to raise the cash, board been dithering on this for a long long time now all the while the cost to drill rises and the availabilty of a rig (time slot) moves out further! They should grow some balls and copy Hicks and Gillett if two fat yanks can walk into the the RBS and ask for a loan of over £100M to buy a football club (liverpool) with no deposit whats stopping us doing the same?
Well winter looms in their Falkland s in July not long now, BODS what is going on?? We share holders need some INFO we've been starved of news for long enough DO THEORYDECENT THING and start to Iinform your shire holders on any news for goodness sake
Jammers. Thanks for keeping us informed, I had wondered if you had heard anything. I believe we are due an Annual Report within the next couple of weeks, its getting on for six months without so much as a squeak.
Howdy folks, just bought another 20,000 of these and my buy has shown as a sell! Dont be put off by this one I suspect there is far more buying going on here than is being disclosed. Got to be worth a go for this bargain price! GLA
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