no one knows what progress has been made, so you cant say we need to make faster progress. When the rns finally drops we will know exactly where we are and then such things can be discussed. I have a feeling however, when that day comes you'll be long gone. jmo
I will refer you to DAN there. Went up 900% just because a CEO from another company bought shares. Share prices on AIM do not necessarily reflect the worth or debt finance of a company. Looking at a longer timescale perhaps more so but not really on AIM. Yes SP needs to be high, but SP worth is far more important. No one will invest otherwise. Proven reserves are just as important as production rates.
Georgia has storage facilities for both Oil and Gas and all the pipelines through Georgia are complete this share should be worth north of 50p however if the London Cabbies are buying then we may well be bought out very soon hence my previous post ref Varang being a none starter .. all speculation on my part ...
"It needs to be worth 8p. Very different meanings there which was pointed out in different context by 1db" That is nonsense. The share price is, among many things, in our case an indicator of the likely price of debt finance. The price of debt finance is not unconnected with the price of other types of finance, including equity finance. The share price does need to be high to stop any prospect of the CLNs having their conversion terms adjusted downwards to enrich our BOD at our expense. So an 8p share price target should be achievable by November if they do all the right things (get on track for annualised gas sales revenue of $21m) and if we get lucky with Niko-1 coming good. If all that happens our BOD may be able to buy in the CLNs at a discount to par and have some additional one-off "debt forgivenes" profits as well as stop the CLNs from diluting us even at the 16p conversion price. JMV.
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