I like coggys and vws take on things and enjoy reading their posts and seriously hope they make a mint out of these share but some other posts on here are just way too deep for me. Interesting reading but havent a clue what they are on about
I'm in here for the same reasons as you. Although paying a fair whack on interest on debt, FRR are sitting on huge assets, the infrastructure in Georgia is improving (new pipeline in Sept), they've signed an agreement with the EU etc etc. Clearly we need the Varang deal signed off which is possibly why the BoD are dragging their heels on issuing further RNSs, hopefully whatever is holding the sign off up will be resolved and we can get motoring. Once RNSs come out outlining what revenue is being generated things will quickly turn round and we'll have broker notes etc come out. No idea what the hold up is re the Varang sign off, could come at any minute and I guess we'll have a flurry of RNSs thereafter.
I've looked into Cayman registered cos and they don't have to hold an AGM. Hopefully once our ducks are all lined up the BoD will actually want to hold one and will want to be more transparent with RNSs etc. Here's hoping.
Some people seem to be too clever when it comes to investing in shares. They get way to deep in to trying to understand all the fundamentals. It makes for interesting reading on here but seriously is it really worth looking so deep in to a share,its not rocket science as some people like to make out. I don't know much about picking shares based on fundamentals and don't spend any time at all digging deep in to a share but im in the share along with others that seem to be real boffins. I m in this share because with loads of oil and gas in the ground and a ridiculously low share price only a seriously bad board of directors could mess this one up. Unfortunately we may have just that.
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