RSR can NOT withhold material information. There are rules against that. However, what RSR and Cantor may deem as "material" news could allow them to string the market along for maximum effect.
One interesting point of note, Buchanan's have appeared (to me at least) shut up shop when I asked them some very direct questions that required either an answer (as they are "apparently in the public domain" - Malcy) or a "this is price sensitive information response. Up to this point they have been very amicable but fairly vague. Now I sought proper answers they have declined to bother to respond. It suggests to me that they could not give a response for fear of giving the game away.
Anyhows, still here, still intend to be here. LGO seems to be doing well and fair play to those invested but as others have said there is a board for that.
Just out of interest do you know what is the progress of legal notice issued by PL to BMD? He said something similar to him, and also requested him to sue him so he could rake in some more money like he did in SEFTON's case
RSR will announce news when the market is fully functioning, releasing news during such low volume days would be a waste and play into the hands of the short term traders who would simply drag the sp back down again. Nice wriggle on the previous posting but your meaning was clear by linking the two people.
Thank you for your friendly advice, however saying DL is not a thief isn't exactly the same as saying some other person which you referred is a thief :). I am trying to play by rules like some others played in past. Anyway do you have any idea when RSR would deliver something of substance for which he is being paid handsomely for quite few months now, or he will also be a misfired rocket like other managers in past.
JD thanks for the comments. One of the May 14th photos looked like a water injection well head overlooking the ocean. Would this have been at Beach Marcele. One of the presentation slides said something about trial and low risk and the 175 shallow wells planned said using Waterflood - so it could be in the organisational stages. The ohotos didnt have any captions so it was difficult to identify what was going on except you could see clear differences in the rigs and there seemed to be live operations. Storage tanks seemed to be miniscule so dramatic increases in production simply cant happen immediately if the photos are representative of the scale of operations.
I see a figure quoted of Company-wide oil sales (not just TT), net to LGO's interest, totalled 111,774 barrels oil (2012: 58,450 barrels) an increase year on year of over 190%. Great increase over 2012 but do the maths this does not equate to 600BOPD or anything like it for TT
You need not worry about DL for his holding in LGO....Just look at EVO to see waht he is upto.....he is altogether different man...earlier I was of the opinion that he is master of dilution like PL ( however he is not thief). He has too many things to do, and it seems market has started rewarding his efforts as all his companies SP is smashing the roof, unlike idiot Landau who turns everything into ****.
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