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The problem for Wcat is the forthcoming new rules on Standard List shells-the CEO is going to have to do something with it in the short term but the pipedream of oil in third world terror countries is over
Disappointing news, but at least he confirms that no need for funding for at least 12months...
Guess it's wait and see what happens in South Sudan now.
Really hope the conflict in Sudan gets sorted soon as well, it's atrocious what's happening there. Just hope peace comes to them soon.
It’s got some value as a shell but he and his chorus need to get out of the way
Massivily disapointing but not unexpected.
Well a few of us saw this coming-it’s worth nothing
It's the most overpriced company I can think of.
They have nothing in the way of assets, and are in a civil war zone, what's not to like??
Hardy any trades, even a few sells would cause the price to tank in my opinion.
SOUTH SUDAN
During the last quarter the Company passed a due diligence process conducted by the South Sudanese Ministry of Petroleum (MOP). The Company has been invited by the South Sudanese Ministry of Petroleum to visit them in Juba in order to discuss current oil production opportunities in the country. The Company is planning to arrange a meeting in mid-April once Ramadan is over.
We look forward to further developments.
Wildcat receives TOP LEVEL approval from the South Sudanese Ministry of Petroleum ("MOP")
Wildcat is pleased to announce that it has passed a due diligence process conducted by the South Sudanese Ministry of Petroleum (MOP). This process included the evaluation of the Company's technical competency as well as its financial capability to complete a major multi-million/billion dollar oil production purchase. This clearance is required from the MOP before Wildcat can undertake any petroleum deal in the country including the purchase of large scale oil production.
Financial backing for the potential purchase of any production in South Sudan is been provided by a number of industry investors, including The Waterford Group.
There may be nothing in it - but interesting how Savannah are still trying to get clearance in South Sudan to do a deal and yet wcat already have the clearance in place
Way Way Overpriced …..IMO
What a load of BS-and no commentary on the dwindling shelf life of the Standard List shell.That’s right guys-it’s a shell.
Mr Chairman, aren't we due a Catflap? Been around 4 months since application was submitted, surely there must be some feedback?
Be careful all-Standard List shells like this are being subject to regulatory change later this year to make them genuine full listed companies.
It’s likely that companies like this will move to the less onerous Aim market but still much more onerous capital wise than Standard list
In summary, they need to do a deal or this could fall into a vaccum.Someone should ask the CEO to comment
Not Good Imo ……
Appalling report on Sudan on R4 this morning.Largely forgotten about in the maelstrom of other news but the biggest humanitarian crisis in history is unfolding
Well it looks like the herd has moved as Boris would say.
If and it’s a big if, he pulls off a deal , then it may be worth a punt but as things stand just now, it’s all hope with very little if any currency
Cannot dispute that right now Truth Factory. Had to cash out over the last few weeks, revenue is being wasted here for the time being with no real movement. Made some profit, will be looking to buy back in providing traction is made but I suspect it is a few months away at least. I still have faith in MS - he just has a lot of factors against him right now. My decision to pull is not driven by the company, I just prefer to have my money making money as much as possible.
A useful summary of….nothing !
Market cap c£6m, asset value negligible
You heard it first here!
I’ve followed this company before it listed-may have something but nothing has happened in the last 4/5 years.If he lands something I will look to invest but market cap is £7m against neg NAV-all hope
Reality is that it comes down to two things, 1) you hold hope in MA and whatbhe says he is doing 2) you think his words are BS and has hyped a cash shell.
I am in the camp for 1), still holding belief that this war has thrown things off, war does, it makes things tough but honestly, cannot shame you for thinking 2) truthfactory.
The only thing I'd question is why are you invested and if you are not, how comes you post?
All hype-bucketloads of if but looking from the outside in, nothing has actually happened
Normal business resumes - holding well in mid 20s, RNS build up was hype, RNS lacked what the market needed and no real sign on when a SA will come. Great that there is something being worked on in South Sudan, but right now we need a SA.
Still a hold though, I believe it will come!
..2, around 11am. Fingers crossed for further good news
GLA
H
Easier to get hold of him through social media!!