Dont post very often but read daily. A while ago i put my main concerns as the impending CLNs. I think safe to say no one saw that coming! But lets say they are wiped off. Are the senior debt holders then the RPNs? SN and Zaza potentially still take the bulk of company given we are looking like life support at the moment. I felt better when i thought the CLNs needed paying via increased revenue and operational cashflow and directors lost out with equity holders. I stay in as not much left and not worth selling but how long have we been months away from proper revenue that never materialises. In hindsight i think the PIs lost out when the increased headroom to circa 4bn was approved last year as this allowed us to be diluted far enough so no real say anymore.
Fair enough and at least you're honest. I'd do the same as am suffering almighty paper losses at the mo but surely an ops update in the next two weeks. Even an RNS stating the CLN holders have confirmed they do not have a case would be positive although until off the balance sheet may not move the share price. The only thing that will is revenue on the up, a decent ops update with fraccing producing good results. SN would have eroded the patience of a Saint and the Saint would now be on death row having tried knocking sense into him which would take some doing.
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