Bloch I'm convinced They just want to be part of the skint LGO family ........ And not all there , as we say in Scotland . I got some verbal kickings on here just recently by some , I hate to say it but a lot I said was not far of the mark ..... The next 8 weeks are make or break
You know what I'm not even convinced you are invested in this stock or any stock for that matter. Your avatar was created on 18/05/2015. In that short space of time you have clocked up 4251 posts. That's about 12 posts every single day including weekends.
This appears to be your first post on the LGO thread.
freeasabird 17/03/2016 - "You have been spreading bull shi*e about this share so I have decided to invest"
If you invested on 17/03/2016 you would have paid 0.28p. Assumming you haven't been topping up you've lost 65% of your funds. If you have been topping up your percentage loss would be lower but your financial loss would be even greater.
For someone who's seen their funds decline by 64% in the space of six months you appear overly bullish and defensive of the BOD. You have witnessed six placings that have decimated your finances yet you seem unconcerned instead blaming shorters.
Yep I don't believe you are holding. Furthermore not that it matters but people are referring to you as a 'he' but I'm inclined to think you are a 'she'.
The aim at the moment is 'low cost oil production' and by drilling more wells with no capex, using the vat rebate is exactly that. Reallly key for me is keeping BNP happy and settling up the debt ASAP,
Goup - re your post offices 12:37 very well thanks - hope retirement is agreeing with you.
Re the Placing can't comment from personal experience but have read on bbs what goes on so it must be true!
Normally broker will contact usual suspects with the bare bones info during a tight window of 1/2 hrs - those keen give indication of take up. This communication period usually leads to leakage so that the SP usually falls prior to official announcement.
In this case it seems NR was approached by consortium who deduced LGO wouldn't say no to extra funding - if bigmj was putting up a large % with possibly 2 or 3 others the broker may not have bothered to contact usual suspects and possibly Wells not told - they are big boys and know the score! Pure speculation on my part !
If nothing much changes I forecast more Placings to cover shortfall over next 12 months - after that debt free.( of course the lower the debt the easier to refinance so may not have that log to wait?) I haven't seen anyone run the numbers on how LGO will look, debt free, producing say 700 bopd on the revised admin costs basis and hopefully the interims will assist such a calculation, particularly if the notes give us forward looking info.
Of course such projections won't suit those who are unable to focus on a time line 6/12 months ahead but that's their problem not mine or LGOs!
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