I think this drop is over done and presents a reasonable opportunity to top up, this latest increase in output/revenue was not factored in, is this correct and if so, 45k additional funds, more results to come and more wells planned, this is why we love AIm so much, unpredictable
hey chaps, so production up 25% not what some expected and the mms gapped up to drop it quickly. seen this before. Buys coming in on the value now. Couple of big buys hidden in the sells this morning just cos somebody coloured it red doesn't mean it is a sell folks. anyway good to see progress.
And there it is ladies and gentlemen the SP is at .28 which is exactly as I predicted it would be on the day of the 30% rise. Been here far too long and seen it all before. How ML can say that everything is going to plan is beyond me.
I had sold out on the last pump and dump. Sitting here with an average of .40 holding a sizeable holding (for me ). As I continue to read the posts here something is just not adding up. Many long term ears are selling out. I will hold with the hope that at some stage "soon" I can eradicate myself from here too. There have been many disappointing oilies over the past couple of years some are beginning to recover now. I lost faith here as soon as we heard ML was involved in shorting his own stock for his own selfish gain and to add to it his rather generous pay rises. If I were him I would be perhaps be making a point about NOT accepting his pay rise until such time as the share price reached a certain level. It would install confidence and place us all n the same boat. But this share appears to be all about Matt and what's in it for him and blow those that have supported him. We are today in a better place in terms of bopd than we were yesterday yet the SP goes down. I posted similar on twatter a couple of days ago. The market does not like this news and perhaps it does not like ML. A lot of hot air to feather his own nest. Rant over . Bring on 0.40 I am out of here. Share of 2013 my posterior !
there is a group of long term holders whose concerns are simply brushed aside as they are known to be "permanent derampers", by those who think are doing a favour "decorating ntog with highest accolades" Why would the likes of BTC sell probably at a loss, why has DD lost enthusiasm, gesseppe banned "reported to LSE by one of us" iceclimber, ukinvestor etc keep up the good work to expose the weakness so the BOD can take corrective measures.
The business model does not work unless we can bring in a larger number of wells and they all perform. The RNS today gives evidence that the turnover of wells is slowing and that some will not perform... hence the SP fall... L2 looks glum.
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