The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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I don’t suppose they do get a kick out of it Marty, they just try to get to the surface on the back of other punters. It’s been shocking on this board for months by the rose tints giving advice to punters to filter everyone who doesn’t tow the line.
Amtech,
Most boards on SLE (and especially those for O&G coys) have their rampers who denigrate anyone with a contrary view - the denigrators on AAOG will simply move on to another share and start all over again with a similar approach. And true to form, after years (....) of putting down alternative opinion, their response here to the price collapse is basically a flippant " Well yeah so what, sh*t happens". However I doubt they actually influence anyone with their arrogance as you imply - they simply shut down the conversation, destroy balanced discussion and drive away investors.
Hard to see what kicks they get out of it, TBH.
Its certain posters that for months on end who try to discredit anyone or anything posted negative that have cost people money today. Yes, the company have issued many vague rns’s and have really messed this up for investors, yet these posters always spin it into a positives at every turn within their little gangs. Ignore the trolls they shout, filter them they know nothing, they want your shares, the list goes on and on. These rose tints make out they are here to help fellow investors when in reality they are the trolls. Hopefully lesson learnt for those that listened to them and not to much of a painful one, next time they’ll be easier to spot.
I think it's fair to say most of us were concerned about the funding issue. SNPC are the main reason we are in trouble. I hope karma bites them all in the arse and justice will be done. We can only hope the talks in January will be successful. We are down but not out.
You stated in a earlier post that I listened to Tiburn and was in someway mislead by him ,I did not listen to him and was not mislead by him !
As I have stated My Mistake , and I do not blame anybody else for it was backing a board who lack the confidence to invest in a company by buying shares in it themselves !
Curious99 Thanks for your input , but Contrary to what you might believe , we are not all a load of sheep and just do what anyone might advise us , I can assure you I did not just listen to what Tiburn had to say , or what you had to say , I think you are far to obsessed by the man , my problem was listening to the board !
It’s true that there were warning signs that we chose to ignore , but we can only go by what information the board chose to give us !
Looking back at the information that was made available to us l believe we wore deliberately mislead by the board !
Lesson learnt here never invest in a company where the board have no skin in the game !
Barking don't kick yourself. We all at some point asked the same questions in our heads. Yet that little voice just kept coming back and saying "WHAT IF". As it does throughout life and we will continue to ignore that logic little voice. Thats life. You know what. No regrets, stand by your convictions and F*** IT.
Barking,
At the time of the RNS, I warned that the rig was just an 'option' to book... I was slated as being a troll. Seems some people can't understand the nuances of English. As it stands, AAOG haven't actually lied in their previous RNS, just worded it in a way that gives them wriggle room either way.
As stated by me earlier... the last bit of today's RNS talks about the licence renewal and that it is 'almost there', just one or two things that AAOG are not happy with and need resolving:
1. AAOG are not in the driving seat, so they cannot make demands.
2. What it probably means is that to be given the renewal, AAOG are being asked to fulfil some things that they are no longer in a position to be able to do.
Total p*55 poor management. Either they have known and therefore taken people for a ride for a while, or they really are incompetent
So we should have seen this coming and to an extent I did. I could kick myself for not following my gut feeling that all was not as it should be.
The red flags have been flying for ages from the CPR non event to the recent lack of rig news. The recent RNS announcements should have been a bigger clue as the rig had not been booked merely "at our call" and the RBL will no doubt evaporate as well now. The next big question is that of the licence, i have a feeling this will not be renewed without AAOG having to write off the $5m owed to them form our partners.
So in short were screwed without some form of fundraise or farm out and I despair that some folk still think this is just a delay and all will be OK in June.