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Https://youtu.be/E6zaD6oXI68?si=cqvdT3u3Y6uJfMKh
I particularly like the bit where he gets asked about the share price.. he clearly thinks it’s laughable!
Share Price 8.40p then RNS and interview - SP went 9.97 and now a few days later 9.18p.
Interview - " Is that vision of having a truly transitional energy business still intact" AP asks himself, then he answers himself "We believe it is" - that sounds encouraging but I would have preferred "it most definitely is" !
I'm sure AP would prefer to see the sp moving higher, but when you own around 10% of a business which you expect to see have a great future, I guess it matters not to him whether the sp is 30 pence now or in 12 months.
"I guess it matters not to him whether the sp is 30 pence now or in 12 months."| Ian, I don't think it would be unreasonable to suggest that many of us thought we would be closer to 30p now, never mind 12 months from now🤷♂️
Let's just hope the old adage "good things come to those who wait" is correct😉as many of us have been waiting a long, long time.....
So he does not know why the SP has dropped?
Would have been nice (read: essential) to hear assurance about financing or reintroduced risk (onshore) with the very limited free carry, as another poster commented they gave a heck of a lot away (45%) for 10million and a protected 15million (there is a concern for offshore) ...so when he says he does not know....man speak with forked tongue, by not even encroaching any where near the elephants.
They never talk about funding, this is why it's still about 85% owned by PI and not ii's
Not shifting anywhere untill a successful onshore drilling, that on its own may not get us back to 14p let alone 18p..how much 28million to get onshore to production...Will that be Q1 25? What are the monthly outgoings!? If AP put it out there he would earn some trust!
And YES I have started to transfer some out else where.
You may be wrong about the ii's Surfit -
My post a while ago --
"Listen to Ed Croft at about 31 minutes (and all the rest of the 1 hour video) but at 31 minutes he states that Institutions give low coverage to small companies. It's a very informative video and worth an hour and 17 mins of anyone's time."
https://www.youtube.com/watch?v=DLR15dWGhos
This could be the reason the price isn't moving up; Plus you are joining others in selling.
You say - "they gave a heck of a lot away (45%) for 10million and a protected 15million" ... plus their dosh, many times that, going into production costs. and they have the expertise.
Hey ianfer,
The proactive interview helps reinforce my thoughts on AP and their attitude, although the muppet interviewing him did not ask any serious questions.
I guess if you ask the hard ones they do not come back and you do not have any interview (not that was one).
I will have a watch of your one, cheers.
Yes Char are on the road again but only after several step back, and I have said the reasons for too many. That video on Proactive really just reinforces man with forked tongue.
GLA
rgds Sft
Hi surfit,
perhaps you prefer an AIM snake oiler ceo who promises the world , hypes that up and then delivers on nothing.
Do let us know when you have fully sold up so we can establish if you did or did not make the right call. cheerio…
Hey FNG TB,
That's my point and for clarity I said transferring "some"
TTFN
Rgds Sft
SP supports your views Surfit.
Sorry for repeating myself, but those who are looking at the Share Price as the reason (or even one of the main reasons) for selling, are being extremely short sighted imo.
Good luck with your ‘move’ Surfit. I hope it works out, but suspect you might regret it.
Whimax...... I hope it doesn't "work out" and Surfit you don't sell too many.
I'd love to know why someone would sell 10 shares for a quid, or even one share for 10p ???? Most deals are so trifling why do they bother?
Why everytime a positive RNS is released this falls?
I can't understand the logic.
Hi Inafer/Whimax
It's a gamble for sure, in that I feel that for the time being there are other opportunities "potentially" available within time frames.
I held on for the farm in news and it was not what I was expecting.
I did correctly belive that the onshore was going to be outside of any farm in deal as it was a good move to provide seperate and MUCH needed income to CHAR in a faster time frame, especially when BoDs knew what the farm in deal was going to be and how long it would take offshore to production income.
I, as ever, remain just as cautious on the finance vs cash runway.
Char remains my largest investment BUT feel I must speculate (not with out risk, I am fully aware) to try and recoup (i do not have enough to invest further and average down...again) following the sp fall, which I think will remain around 10p for some time.
In a way i hope I am massively wrong, not in my part transfer in to two other investments but that the char sp regains back to 18p "and beyond"
I may pull more out but will wait and see, the two other investments are almost as speculative but sit in closer return periods ( I hope!).
Then I would return my investments back in.
Could all go Pete Tong and some times it is best to sit it out and be patient, and not get swayed by such movements....its the finances that worry me.
Again I stress its just my take as ever DYOR.
Sincerely GLA.
Rgds Sft
Surfit ... It's been a huge long wait but things are starting to happen and although sp in doldrums surely not long now b4 it improves.
Ian. What do you think will give the SP a boost?
Every RNS has been progress but as we speak we are now. @ 878 to sell.
I agree with Surfit in that we won't be moving anywhere fast We can't even hold in the 9's.
The SP is very relevant today as it tells us the market's appetite. No buying no rising.
When we know the money is coming out of the ground. The first quarter now sounds like April - ¼ of 12 is probably 4. It's like my wife going shopping - 2.00pm "I'll be ½ hour" 7.00pm she returns