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Hi Ttl1, ive wrote it off now unfortunately, I've bought over about 7 years and the SP and performance has just got worse since early 2021.
I get the feeling PI's are now thinking "If we go down then so does the charlatan"
We need a minor miracle now IMO....
Placing not going ahead by looks of it … is there any hope of us shareholders surviving this ?
"The adjournment has been called to enable the Company to engage with shareholders"
He can engage all he likes, nobody trusts him, he has zero integrity and I think it's beyond all hope sadly.
He is only interested in inflating his ego and lining his own pockets IMO.
This company had such promise 5 or so years ago and he has made bad decisions time and time again, single handedly sending it down the chute....
Gave the shares away cheap in the placing diluting / killing shareholder value and now threaten that if resolutions not passed they may not be able to take things forward. B s…shareholders shafted - voting against
BRV Capricorn
Ninetails, what was your biggest? I'm just glad I sold out (at a loss) at the back end of last year.
This has got to be, the second biggest turd I ever invested in…
Just seen presentation pdf on website and is pretty poor in itself.
Blaming economic climate for their bad judgement on Egyptian assets.
Still haven't paid off debt, presumably bp.
No word on the outcome of the default notice, once again not keeping shareholders in the dark, aim rule 11! do they have a nomad?
Obviously desperate for the placing to go ahead to continue doing nothing but take a handsome salary every month.
Selling ahead of placing looks obvious.
Shareholders between a rock and a hard place.
I'm still scratching my head as to why anyone who has not been interested in the last few years of desperately trying to farm this down, would all of a sudden show interest. There are no new, data, insights that change the offer today from a year or two ago.
I hope they get a partner, but the reasons no one was interested before are still present. If anyone wanted it, they could have got the whole lot from Jamaica for a pittance. They only awarded the extension because no one else was interested. People on this forum seem to think that the super majors are queuing up for this. I was laughing during the presentation when there was a question about BP'S potential conflict of interest if they came on board .... why would BP all of a sudden be interested. This prospect has been around for a decade with Tullow and now United failing to generate any real interest. Why now?
Vista, so nothing on the data room and any interested parties?
Chinch, there were no difficult questions put to Brian in my opinion, he just blathered for the hour without providing really any additional information. Promised to do a better job of keeping shareholders informed and tried to make
"piston core sampling" and a little "seismic reprocessing" sound like really impotant future newsflow! All tailored IMO to try and make sure shareholders approve the recent raise at next weeks GM. Even tried to suggest the 4:15pm RNS announcing the bookbuild was to enable PIs to participate in the raise!
What happened at the presentation anyone?
Hey kala kutta
I think by bubble he means slide into the 0.1's Oily
Bonkers post from a ramper.
1.4m is the rough market cap at these levels. Just way too low. Plenty of space to move on up. Will mr or mrs 10 million buyer pop back up today?
The investor presentation is purely because they are worried about the raise being voted down. They're looking to reassure worried investors deeply in the red that the raise is absolutely necessary.
Calling an IP seems a little bit strange atm with the sp and mc at an all time low. Surely they know to expect a good rollicking from the angry mob. Just maybe and hopefully they'll have something good up their sleeve! Would soften the blow for them a bit if they do! GLAH
Trolleyman I’ve thought the same and hoped the same but make no mistake the ire won’t phase him as he’ll just bluster his way through it with delusional optimism and jibber
I so hope I’m wrong but have had my fill with this man
Jono,
They are fair remarks you have made and I do hope that you will air them on march 6th when the opportunity is here. There are also many long term investors on here who are much more knowledgeable than I am and are deeply in the red atm. It's likely BL will face anger and frustration from holders and rightly so!
Therefore it wouldn't surprise me if he pulled a rabbit out of the hat before or during the presentation!
Typo
Jono put those questions to him at the pesentation
They need the placing to go ahead, hence the ramping, new employee gets 's rns'd which shouldn't have , presentation to keep the bluff going.
No rns's on what's really happening, keep pi's in the dark,dyor.
They can't afford for pi's to vote against the placing, got to pay the wages every month and dont forget the tea bags, that's why Greg is here, new employee, presentation.
I still can't believe that the new employee warranted an rns but they kept shareholders in the dark for months about the fact they were trying to get out of their egyptian assets and stopped paying their share of costs to KEE.
Anyone know the outcome of the default notice, now that should be rns'd !
wouldn’t count on it trolleyman, larkin has no problem facing an audience and making promises even though he’s left them in a pile of ****
How come nobody is listening to the resident deramper
I was more interested when the 100k buy went through. That's what caught my attention so i decided to buy in.
Follow the money