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Everything is now out in the open. The production issues are being solved one by one. Things HAVE turned. From now on the incline is upwards.
Why this farce then?
Either iis are loading up or we are being set up for a cheap Takeover.
The company needs to make a statement
Forward selling was last week and we had the notification yesterday that’s apparently how it rolls that ‘explains’ the SP action last week. THIS week we have institutional investors loading up from private investors hands as majority are held by us post confirmation report that we said we had does exist and some! That’s what’s happening they ii can name a price and Mr Market obliges by endless sl*t drop fishing trips against a sea of blue buying this morning. If there was any stock left that was churned over last two weeks prior to report then they wouldn’t be rummaging around at this level to try to prise them from our hands.
BUY BUY BUY BUY BUY BUY and HOLD HOLD HOLD HOLD HOLD you’re being actually mugged off left, right and centre. I would indeed implore the BOD to issue an RNS saying we know no reason for the drop. If Mr Market has taken us here well below what we are trading at before we made discovery of billions of barrels then that is reason enough to issue and stop this charade mugging in its tracks. This is not providing a fair or orderly market, our market cap can’t be priced at this level this is criminally insane and we ALL know it.
IMHO DYOR GLA BUYTHEDIP
I got out yesterday at 17p. As soon as CLNs start being converted in a share it's time to bail as you can assume the whole lot will be converted one tranche after the other until the company pays off the debt with better finance.
I agree even my 12p looks far too high I must have to re-rate this Nine or 10pCould go lower of course
Trapped here now as the company is still a strong play to make good returns but now feels like we are moving it back six months.
Going to switch off now until Christmas when RBL should be resolved and production improved somewhat.
Gutted really.
Order filling with all the warrants being sold... Yeah for sure
get real...this is classic drop to fill large order.
Wouldn't be surprised if AR has loaned out his shares to be shorted. Such a garbage company. Ramped from the 30s. Single figures look possible today if not tomorrow
I agree we would’ve had a German manager
This is worst as 88E! They least can do super hype. Ukog Copl style. O.... :(
Clowns to the left of you jokers to the right you have no other choice just sit tight
If Art was a premier league manager he’d be a gonner.
Bounce will come from 15 load up now
It's the lowest it's ever been, oh no it was 5p 2 years back. It couldn't go that low could it. Yes it can
I felt from the presentation, and generally, that the risk/problem level has gone up - field issues, associated cash costs, low sp if/when there are further placings, and no change in the hubristic approach. There are obvious potential drivers to a big rise in sp (production increase, better financing), but so far they have not been delivered. Not the fault of the unsophisticated investor.
Clowns to the left of me Jokers to the right, here I am stuck in the middle with you
Stick around it will get more interesting when it gets down to 7 or 8p
last top up again,topped up yesterday and piad the days highest i think at 17.095,today paid 15.30,got to be a bargain ,
I'm beginning to think I have wasted my time investing here
Can see 10p before we see 20p again. What a shambles. Even the warrants have not been quantified.
· Low Estimate: This is considered to be a conservative estimate of the quantity that will actually be recovered. It is likely that the actual remaining quantities recovered will exceed the low estimate. If probabilistic methods are used, there should be at least a 90 percent probability (P90) that the quantities actually recovered will equal or exceed the low estimate.
· Best Estimate: This is considered to be the best estimate of the quantity that will actually be recovered. It is equally likely that the actual remaining quantities recovered will be greater than or less than the best estimate. If probabilistic methods are used, there should be at least a 50 percent probability (P50) that the quantities actually recovered will equal or exceed the low estimate.
· High Estimate: This is considered to be an optimistic estimate of the quantity that will actually be recovered. It is unlikely that the actual remaining quantities recovered will exceed the high estimate. If probabilistic methods are used, there should be at least a 10 percent probability (P10) that the quantities actually recovered will equal or exceed the high estimate.
My thoughts are a modest £4 a share after costs, at the low end of the deep light crude find, including the other revenue streams..
You might have to wait too years.
Once pension managers see the free cash flow and dividend announcement, that’s when the real money comes in.
Seen it many many times.
I agree Gregeroo this has 120p written all over it
Convertible loans to shares.
That can only be viewed as a good thing, unless they are selling them.
I agree this has 12p written all over it
@LargeGin
Good comparison. JOG has 40M shares with a market cap of £83M, isn't dual listed, and has a decent management team.
Maybe this takes off long term (or Art retires and a new team turn it around), I certainly hope it does but its stinks that all the convertible loans are being dumped on PIs when they didn't get invited to fund the development.