Captain, you should be Keel hauled for mutiny with comments like that...hold on can the captain be guilty of mutiny ?, I get more confused as time goes on and I am one of the most sensible one on here,well that is what the voices in my head tell me, so who am I to disagree.
I sold out last week for a better short term deal elsewhere which should be done deal by the summer, I keep getting drawn back to aex as I think for a 2yr return this will be massive, great prospects and huge potential. I might bang in 10k next week if it hits 4.50 ish as I think that's gunna be the low point on this. Regarding consolidation, always more attractive having less shares in circulation, certainly to the novice trader. I believe the oil play is gunna play out next year.
I totally agree Webmoor, and hope your feeling well today.
In my opinion we have only been given a snippet of the O&G find, perhaps for good business reasons. I joined the dots some time ago and realised that NT2 was drilled with the intention of intersecting Likonde for its gas and oil potential.
Remember prior to drilling Likonde-1, the RNS that stated:
"The Likonde prospect is a robust faulted rollover structure with the potential for 500 million barrels of oil in place and estimated P10 recoverable reserves in excess of 150 million barrels of oil, risked by Aminex at a 1 in 4 chance of success."
on this BB have been trying to understand the lack of movement of the sp given our long wait which actually turned out to be a fantastic result - yet there was the opposite reaction, or at leat a very short lived one in the market - hence the logical attempt to try to understand this. I think some more good news and seeing us back on trend will ease most posters nerves and frustrations(including my own). We might even get some news of a possible joint partner for some of the bigger prospects. The company has a lot of positives going for it and maybe it's a case of the market not yet catching up - so as some have said a possible buying opportunity - but please as always - DYOR. All the best, Northern
I hope to be @ the agm Northern and that's a question I'd like to get an answer to as well. I expect we are going to flimflammed by the top table with talk of the sp bobbing along @5p because the IIs are put off by the volatility of penny shares and that's why we need the consolidation. Just playing devil's advocate therevbut a well prepared CEO and BOD will have anticipated the awkward questions coming from the floor. If they haven't then we'll get off the cuff answers which may tell us more than the prepared ones.We'LL know on the 19th. Maybe I'm over optimistic but I expect some news on the licence /EPS / basin update before the agm. Its 3 weeks away. If not we're going to be a very grumpy gang on the 19th.
We are all tired in fact fed up with being treated like mushrooms; so how about these two thoughts!
Just SUPPOSE the company has discovered OIL but is reluctant to reveal the information to the shareholders with the exception of the ZUBS who by the nature of their situation having OLA FYELD as a director must be aware of the hypothetical OIL find? this means the ZUBS become insiders therefore loosing the right to act on that information!
By the time the information is promulgated generally the price will have risen considerably, there the ZUBS starting price for a take over would have to be very realistic.
Second thought once again from discussions with my Son; if one really wants to send ripples of concern then vote NO when asked to support OLA re-instatement to the BOD, on the basis of his continuing to supply inside knowledge to the ZUBS!
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