Colin Bird commented in the last RNS " We expect that 2017 will be a very busy and productive year." However without a JV or Finance next year will not be active at all. Given the SP the already massive dilution and the heavy discounts this really has nowhere to go. No investor who has done their homework would invest in this without a JV or financial arrangements in place to cover the cost of the drilling next year. The last lot of investor has seen their heavy discount amount to nothing and the 0.0249 ers have lost 38% of their investment in only a few days. That said, reasonable results and sill open ended. With a JV or finance in place this share would be a different story.
Hi Liam. Good to hear from you. Yep, this has been a stinker for six years, particularly the last three. Glad you managed to get out before things got worse for you. A real shame this one, because looks like a different management team could have done something with the projects much quicker and with less dilution. Even if that meant finding out sooner if they were worth pursuing or not.
There we are.
Not sure I remember Ed. Langyy is a good lad though, he isn't a bad egg at all. I would say he can't be this Ed character. However, I feel we were all guilty of what now turns out to be misplaced optimism when Deli Jovan was being drilled. It seemed extremely promising.
Management led us to believe that too of course, before discovering it was too complex a vein system. For them!
The personnel here has experience, but is severely lacking in actual expertise. Hence we are where we are. Absolutely rubbish to date!
Anyway, best wishes matey. Good luck with your other investments.
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