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Ah ok Antony thanks for clarification.
The share price doesn't surprise me but does of course disappoint me.
Unless Ireland comes off or (far more unlikely) Morocco, this is now a busted flush, imho.
Damage all done by Hughie plus respective support of BOD at that time, again all imho.
Can only see further dilution or stagnation unless BOD manage some form of miracle asset acquisition, like rre, jse or sqz and really cannae see that occurring again imho. Respective mgt team universes apart.
As above all imho and everyone dyor!!
Best of luck all.
Supposed to read , both NOT being NED positions
3/19 was still not signed of in late July. Lets hope its close now or could even be completed but surely that would warrant an RNS announcement . Lets all hope that this could be the link to quote, " continuation to plan the launch of a formal farm-out process for our Irish gas exploration assets in the Corrib area "
Now that Kinsale Head has closed and Corrrib is the only gas producer, perhaps with substantial financial input we can finally seal a deal with whoever. I keep coming back to RBD who have recently acquired new capital. What we have is what they work with.
Is it really as simple as that I wonder.
We've certainly trimmed up on the Director front, or will have when Phil goes next month, especially as Allison Fuller steps in as Financial Controller and Murray Johnson steps up as Company Secretary, both being NED positions..
The silence is deafening.
Not since May when I emailed regarding the site survey approval...... they said they hoped it would be signed off that month.
Antony you still in contact with the bod?
Could there be a marriage in the offing, what other Companies do we know that have a similar MC , a similar SP , a similar amount of shares in issue. investors with similar company interests, similar joint interests in producing and prospective wells, similar financial expectations of increased incomes from shared prospects.
Let me think. Still trying to unravel this to its conclusion, It can't lumber on as it is. A IMHO.
@Anthony - great summary!
Still here pal, not sold anything but let’s be honest the world has gone to sh#t this last 6 months and that has included EOG.
Wressle will hopefully gives us a boost and I remain optimistic about something happening with our Inishkea assests. Just taking a lot longer than I originally thought, but world events have played there part in that. I am 50/50 on the share options, on one hand I think great it gives the incentive to drive value, however the price of the options is a slap in the face!
I'm glad you post, always very realistic in my view. We've lost a few good posters over the years.
Where's Anthony gone? would like to see more from Crush too.
Tac. I dont get involved with the daily chat. I am in exactly the same position as you. In heavy and stuck.
I was in well before Hugh and his crew.
All I will say to you - we once had this enthusiasm. Thats why we participated in placings etc.....
Let's face it we all want the same ... its just we suffer from the draining rinse / repeat changes. Lets hope the starter for ten occurs without a glitch so we have a base to build from.
You could be right Tac, but there is nothing any of us can do about it until something emerges, so I’ve decided to check in a bit less at present for my own sanity! I notice that both edr and Eog are pretty dead at present and I wouldn’t be surprised if they aren’t both strapped for cash and sitting fingers crossed waiting for Wressle. So can’t see anything happening until then (end Oct?) unless ujo splash their new cash!
Perhaps slightly more positive I noticed that the Minister at DCCAE had started to sign off approvals for survey work, although so far this seems to be limited to decommissioning and repair work.
Why do I suddenly feel like I'm cannon fodder here , why if the optimistic posters here assume that this SP as going to 3p on Wressle start up, are so many PI's selling, apart from the very large share dumping of an obviously large investor. Surely with Wressle coming on line in a matter of days, the opportunity to make large gains suddenly becomes totally negative.
For fear of repeating myself, something is going on in the background that I can't see, just what are the BOD up to. and again, what is the real reason Stephen Williams is on our Board, Why haven't the Board members loaded up on shares in their own company.
I'm becoming more paranoid by the day, conspiracy theories whizzing round in my head.. One thing is for sure. and I repeat again, I'm here to the end . whatever that may be. My holding is so financially depleted that I have little left to lose. The upside is that I will be able to tell my grandchildren, stay away from investing in AIM listed companies.
I sincerely wish GLA long termers and hopeful new investors.
Down 20% over the last 10 days. No sign of activity, almost October. WTF are they doing??
One thing I'm sure of, nothing is priced in at the moment, so any material news should create a massive SP uplift. We may yet be surprised!