Just a modest amount but used profits from UKOG so if it does go tits up no real loss but any good news will create a spike so its a wild punt, wish I had listened to the knockers a few months ago as it would have saved me quite abit but sadly one also believes they know best so though I'm not expecting anything as a wild gamble it might pay back alot.
For anyone still in here like myself. Not pleased to see the decline, but at this stage im not pulling out. Either i'll take it on the chin or hang around to see the workings of this company. This is a gamble for me now. But dont we all make choices and sometimes believe in our decisions rightly or wrongly. 75
If i was honest not good. If they can raise some money then it will probably spike a little. Not sure why but this is AIM and traders will try and make some money.
Darwin are the problem, if they didn't have any outstanding loan notes then i guess FTE would be able to get more cash out of them. But they need some good news to make it happen. As Jonno says have they done any work in Australia as they promised. They normally announce if drilling has started.
There is an assumption that the information we do not know i.e. the sampling at Olympic Domain was either not completed or has been and the results are being compiled/withheld.
I have not sold, have others? Just wondering whether the sp is being pushed down by PI's or Darwin. Darwin of course would benefit from a very low sp and a bounce.
Not suggesting any of that is happening, merely that the last piece of news told us that they were in advance talks with parties which would sort out their financing, but if these talks failed they would be in financial strife.
Assuming they are in advanced talks they could well be a positive outcome here, and the drop int he SP if it is down to Darwin, will cost them initially but the return should the talks be successful could be many multiples of their conversion rate.
They have bills to pay and licences to maintain. If they can't raise money to pay them they will lose them so better to go into voluntary administration at least then it may be possible to sell them first.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.