Still feel a series of share buybacks or special dividends - say payable every 6 months for the next 18months would have a great effect on the shorters.we need some creative management on delivering shareholder value. if the share price is below cash value it must make sense.
Since the price started dropping - around 2 years ago, you name me one piece of news that would cause a re-rate. Shares do not tend to re-rate on permit approvals, or incomplete FO's. The FO with First Oil was for too little money, and KH has had his ability questioned when it comes to pulling deals and permits off.
Now is (or at least should be) his hour, complete the Farm Out, Drill Bonomo and make a commercial discovery, complete GSA and then we will have the kind of RNS's to re-rate the sp.
Other thing to consider is the drop occurred due to II's selling, and the re-rate will occur when II's buy back in, so it is the news that leads to this catalyst that I believe will re-rate the SP.
we need a number of good news stories to take out the shorters. once we start moving up things should accelerate. Lets hope KH delivers hitting milestones on projects on time this year- the potential for good news stories are stacking up lets see if he can prove the sceptics are wrong!!
For the last 18 months we been going to re rate, and after every single RNS we go up and come back down .then we fall further down.another RNS comes out. We go up then come down.then fall further until the next RNS over and over. And despite been at big loss here i Im very sceptical that any RNS will make this re rate to what its apparently worth. Even with 2 million quid in bank in cash.obviously means nowt.i have seen many companies trading at a share price less than cash in the bank. I will bet anyone on here that this is not 50p by Easter .i hope am wrong but simply can't see it
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