Our intrepid hero Tom has made the back page of the Sunday Times Business section with the story that a member of the Quindell activists group has threatened on Twitter to put a dagger through his neck. Police informed.
I agree and feel that the catalyst could be confirmation from RSR that we are indeed making progress towards our year end target of 1,000 BOPD We are also due an update for reserves on CTR shortly too which will also help.
I am relaxed about all the other news as we are now in a position where we don't need to sell Texas or Georgia to the first offer on the table but can negotiate the best offer we can get for those assets. The future looks good. GL!
Oh, and we don't need any letters - definitely no letters at all. What would be nice is occasional confirmation that we will hit and exceed target of 1,000 bopd. As new BOD have hit (almost) every target quite easily so far in only 6 months, there seems no likleihood of a big problem with that very key target. There is almost a complete lack of that agricultural smell that used to eminate from Boardroom.
BG. Nice you missed me even though only 2 have not filtered me yet.:-)
Had a lovely week, thanks. Granddaughter worship and the Eisteddfod in Llanelli, and forgot (thankfully) to take my phone. And probably the least interested shareholder now BOD is doing a fantastic job and we will slowly and haltingly get to Cantor's 3.7p and well beyond - possibly within 4 months from now. Just relaxing and enjoying buying and selling and fairly wild sp fluctuations.
Looking at last week's chart it is interesting to see that despite our retrace we stayed above the 200 MA and have now settled above then 23.6 Fib (1.64) We have tested the 38.2% Fib (1.84) and even taken a look at the 50% Fib (2.0). Next week I can see us back at the 61.8% Fib (2.16)
MACD is rising towards the zero line once again and it is clear that we bounced off the RSI at 30 on overselling. There was a lot of BOT activity towards the end of the week. We are primed for news which could come from so many quarters at any time but for me it is confirmation that TT production is now at least in the high 600 BOPD that will push us upwards.
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