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Entirely possible, it seems unlikely that after so much going wrong that it will suddenly go well.
My thoughts are that SNCP stopped paying because they felt the drill of 103c was a right pigs ear. They probably hold the view of why should they pay full price for a faulty job.
The licence will now not be renewed until this financial mess is sorted. The only option AAOG have now is to do a conventional placing at a major discount and join the billion share club.
I think the asset was good, the plan was good, but the chosen partner was not good. Dodgy rig. SNCP have not paid their share. This has caused the dilution and the subsequent funding arrangements. We have taken all the risk as a result. A different partner could have painted a very different picture. I’m genuinely torn now whether to take what I have left here or wait and see if the unlikely event that SNPC can be held to account materialises next year.
Lots of people throwing their shares away. I expect everything will come good next year. Too much panicking. Long term hold. Wait for next news.
Miton must be ****ed.
Feels like we have all been mugged. No wonder Berwick had no skin in the game here.
However, if there is any prospect of this being fixed the upside is meteoric.
Little option but to sit and wait for me I think.
Inept BOD, bunch of tw4ts.
It can go down far enough for you and anybody who has there money invested to lose all of it !
I genuinely hope investors have learnt a lot here in particular when the board’s reputation was being questioned for a long while. Those taking a justifiable critical look were unfairly criticised. It was all about optimism and hope and averaging down. Well naybe now the truth is out and lessons have been learnt for all those continuing to glorify the share for no reason
Cant drill and they loose the license, company no more
If SNPC dont pay the company cannot drill and they loose the license. Simple
No recovery until middle of next year is it right?
Will this share drop further ? how far down can it go