My guess only is that we are cash positive more or less but just not enough at this moment in time to cover debt and ongoing development costs. Now this one is out the way I can only see positive news flow in the short term...whenever it comes. This is big stuff and we are but mere pawns and immaterial in this game...until they require our votes maybe !!! Time to update us Stevie!
I thought that the suppression of newsflow was down to something that would ultimately be good for us but now I'm seriously doubting that assertion. We should b paying down the debts with revenue by now not more ****ty dilution. Starting to get royally **ssed off with the way the company is run now. The SP performance and bod Comms are just unforgivable. I'd sell if I wasn't so much in the red.
Everybody is entitled to their opinion positive or negative as nobody really knows what is going to happen with this Company and as we all know this is AIM and many things happen , so you have to expect the unexpected. This is a very frustrating share to be in and many have been here a long time. The increased share capital was done for this type of cash raise and would expect more to come..unless we of course get cash positive soon , very soon as I believe we have 38m to repay some time next year (Aug?) There is a big plan here I am sure of that in my own mind but when its going to be unveiled and detailed is anybody's guess. GLA
Ivy that's exactly the point get the business cash generative. To be slightly balanced the oil price drop will have caused a fair problem with the original cash flow plans for his year. The main complaint remains the continued failure to engage or release positive news in a way designed at supporting the share price which leads to the not unreasonable assumption that the board don't care about the share price or the value it represents. Personally I don't think that is true but the way they handle the next 2 to 3 weeks will be key in showing how believable they are.
I don't necessarily like seeing more shares with YA, but it looks like we're just paying them back money that we owed them anyway.
I seem to recall this happening before, and there was speculation that YA may have actually requested payment in shares. Whether or not that's true, I have no idea.
I think at the very least it could be a sign that the gas upgrades haven't yet been completed, and/or Niko hasn't been flowing for any significant length of time (if the flow tests have even started yet). Hopefully these things will be happening soon. I think we should at least give them until the end of the year on this.
Anyway, it's a relatively small amount, and basically is just 'noise'.
the mms never wrong in my opinion they know whats happening all the time. How many more shares is this company going to create. We will never feel benefit of of any good news as too many shares for anything good to have an effect.
Codefred had cheek to slate me for being pessimistic about this company but bloody hell nothing this company releases ever has a positive impact on the share price. 135TCF, no moment on share price, 46m extra shares down 4% just about sums this up. The great and wonderful SN doesnt even have decency to add a little paragraph at the end to say sorry boys about this but things will get better.
Im off Ill look back in when the bbc news has an item about the gas price coming down due to a new producer in the caucasus
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