The dilution will come when money is required to cover the cost of the new well the reasoning behind it is to cut off o/p from la106 that cuts out the 40% payment to grim if it is drilled as I suspect it will be outside of the agreement parameters or don't any body get that?
The share price should be in in the region if 4p to 7p per share it is not ~ or after consolidation 160p to 280p it is not and won't be
There has to be a reason for that .
The company is cashed,resourced has a product delivered to a captive market what more could any shareholder want for a safe invest??
So tell me why the sp is where it is,
Some 10k to 15 k investors interested ;- should have got the sp moving a long time ago it has not moved.
So clear cut explanation why apart from total lack of trust in the BOD due solely to its track record of incompetent management which is well documented.what is the answer?
Every time a rise seems imminent, the very well organised shorters smash it down. This is what we are up against, and to be fair to the shorters who are just human beings like us, trying to make money with the tools they have, are playing this very well as frustrating as it is for the current losers (us).
The ONLY person who can take the fight to the shorters is RT. His current campaign of talking is not working, neither is NED buy's.
RT needs to take serious action now as he has been called out. He told is via RNS that he would fight but he is nowhere to be seen and yet again I see my life savings diminishing by the minute it seems.
I take responsibility for that and RT must take responsibility for these accusations and flailing share price and take action to defend it/us/the company.
Like I said, waiting is not an option, neither is staying silent, neither is waiting until Q4 results.....we need action now.
The shorters are organised, professional and committed. Where is RT?
I really do not understand why some posters are getting so worked up about consolidation. The present share structure is a joke and will not encourage proper long term investment either from individuals or institutions. It is the first move in trying to take the company away from being a speculative energy explorer to serious player in the gas industry in West Africa. I believe that it is the first of many moves that will improve the image of the company over the coming months.
The restructure of the company by consolidation of billions of shares we can assume will help refund the companies progression.With this the true value of our shares will be hidden from us in terms of value.4..6 Billion shares is huge the investments the loans over years the interest rates the breakeven loss of 4.5 million has to be cushioned at the share holders expense it seems.I hope I dont end up like my sterling energy stocks I have had for years.In latter times its been qpp which I sadly still own.Well lets hope they get this right for share holders long term .
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