Agree with RB40, more balanced. Hence you'll get more readers. My view, as you know, is that the CLNs are not an issue - as I said before, nobody (not even the CLN holders) want their debt to be converted to shares (again). It benefits nobody and won't happen. The RPNs however ... that's a different story.
My current view of how this will pan out .... Over the next 2 weeks, there will be 2 significant ops updates (Verang, and Well34 probably). The sp will rise to over a penny. The vote will be close but fail. We'll then get another RNS explaining how it's in our best interest to agree it. It will then be passed. The fraccing, varang & MK ops turn us into profitable within a year (by Aug 2016). And a deep MK farmout will be announced. Later this year, the $11m RPNs will be converted to shares (using the headroom from this resolution) The CLN debt will be part paid and part rolled, and fully paid off by late 2017. By which time we're making a nice profit, market cap is in the hundred of millions. And even with 4.3 billion shares, the sp is 5p or so.
Reasons, one of which is getting almost the same price as a major investor who bought many more shares than I did today. I also assume (rightly or wrongly) that the company gave a little more info to those that bought these shares and the the investor obviously liked what they heard and or the presentation made to them...
it was more balanced because it has to be. What he says needs to have an effect he was no longer being taken seriously so he has pulled back as far as he can so that he is taken seriously. His post is as negative as he can possibly make it to have maximum effect.
I think Nobull's post was more balanced than usual. Things are improving but there is still a risk come Aug '16 which is why SN has requested all those additional shares in case he needs to dilute further come Aug '16. I for one hope we have some good news before 22 May, a week before and it goes through and we hit milestones and increase capacity quickly. Time will tell.
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