Would be seeing the price double now the IIs have finally knobbed off with their greedy little bags of loot and left overhang town to rinse another company in need..It is really no different to being held to ransom by a corporate Wonga.com! Short term we needed the IIs, but long term they just bring pain. Time for FRR to man up and pay its own way. Slow and steady last few years then increasing drilling as revenues rise. High hopes for this share once deeper drilling commences as that's where the multibag value is to be found. Fingers crossed the management start to learn that publishing a timescale means you have to stick to it as it has been nil point so far on that front and another nil point on communication! sigh..RD.
Off to work in a minute - just watching these round 100,000 trades which have been going on for a while now and have carried on today. Agree not likely to be YA. Do we know who ELMAR are - they are the last II we know about? This .96 level where YA converted and Shard bought in for their clients seems to be a very good floor for the moment. Real shame they killed this rise (yet again). But these irritating II are now running out of stuff to sell so a bit of stability would be nice here while the management get on and deliver the interesting action. However, it does show that on top of the day to day running of FRR Cairn and the Board may have been busy with some of these other stakeholders who no doubt like to be treated with a "premium service" even when they are selling!
Just got in from the gym. Someone is still sellings a few. Maybe YA global to reduce their risk. But I think not. They didn't just take shares to sell almost straight away. I think they have more knowledge than the other 2 ii. They are definately not in for a long term investment just quick money. I think they will wait to later on in the year. ( all supposition of course ) for a larger profit. I personally think they was told to get shares ( as a thank you ) for services rendered. When all the selliing is finished. This could go to where it should be over 2.00p. I don't think that will be far away, Hopefully. Maybe it's just the over flow of the 2 ii . Should soon clear Imo. As poetic said, they was probably told or encouraged to sell up. For a possible takeover (part or all of b12) Sounds about right. Maybe just the mk complex with ALL that gas. Time will tell.
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