WHY THE BANK ARE HAPPY TO FUND 25m. TO NTOG. They will have seen all the workings and the future stuff we know nothing about and as each week passes we get to know the results. So the future is certain to be Pennies!
Yes you are right he has generally played it cautiously in the past but this AIM seems to misinterpret everything (very often badly) and a poor drill could be the demise of the company. It is after all a tiddler on a tight budget but that is where the growth often is. However, cashflow is always a worry and I for one am becoming tired of the pump and dump, HF trading, and day trading that seems normal for AIM shares these days and also concerned about share placings etc and the dilution that follows.
Whilst updating and newsflow is welcome its always a temptation for companies to 'overegg' the pudding and use the optimism generated as an excuse for a placing. Hopefully ML is not of that ilk.
Nevertheless I am mildly optimistic with the potential of High Plains just so long as we don't end up with the usual roller coaster SP ride.
A promising update. We now have a mixture of 'low' risk wells (CT) and 'high' risk wells (HP) with decent WI% to look forward to/keep us interested/give us something to moan about when the updates take too long :)
It should keep this BB ticking along nicely for the next few months. Happy days.
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