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Novicehunter, off course it is, exploration can take years, yes it was hyped up a lot to hit a discovery on the first drill, but we all knew it was very unlikely to happen, they’ve obviously got a lot of data from these drills to review over the coming months, and go again next year,
So many negative posts here, these first drills were always just explority, very little chance of a discovery if any, just data collecting and understanding the geology, ready for next year, you don’t just hit the big money on the first drill, Sad to hear Peter is so upset about this, the best thing to do is to buy back in today you may lose a few shares, but you’ll get the chance next year to take your money back out, we’ve all lost money and I for one have lost a lot more than you on these exploration companies, but be greatful for what you have, and never worry about money it’s only paper, atleast you gave it a go it didn’t work out, try again!!
Can you not read, or just a bit on the slow side
I’m waiting for CA update and production update, but I think I’m going to cut my losses and try recoup my losses elsewhere, I can’t see any future for this share at all, the management has destroyed all confidence, they have nothing on the table that deserves anyone’s hard earned money, ran by a bunch of bandits!
I just can’t see what this Bod brings to the table, there is no positivity at all, no guidance no FWP no communication with shareholders, they just throw a bomb in every few months to remind us how useless they are, I will let this one ride until Crystal amber updates and go from there, cut my losses and invest elsewhere, there is no reason that this will ever see increase in value, the bod are just going to run this into the ground for aslong as possible whilst taking the big salaries keep the money they have for decommissioning and close up shop, the only reason we could see any rise in share price is a low takeover bid, I hope I am wrong and I hope we do see some value back in our hard earned cash but I just cannot see it!
Sounds like they’ve found Trices billions and are double checking, no news next week is good news IMO, if this is the case I’m positive a takeover is on its way, my only explanation on why a company goes completely mute and trashes the share price!
Yes I feel the new CPR will definitely be a upgrade from the current kitchen sinked prediction, I think maybe Anthony Maris wanted his own CPR produced rather than relying on Dr T’s. I just don’t understand the reason for the massive reduction in reserves, I’m sure it will all become clear in the near future, the only explanation is a low ball takeover hence the lack of communication and not going forward this year with the FWP and spending anymore money, GLA and I’m hoping we all see a return on our hard earned cash!
https://youtu.be/CUuS-PT2qbgJust been watching the trice interview, I’m amazed to find out we’re all these billions of barrels have disappeared too! I don’t trust this bod at all it stinks of corruption at its finest, maybe the only saving grace is having crystal amber on the same side, the only thing I can come up with is a low ball takeover, that’s the only reason they have to demolish the share price RNS after RNS!
Guranteed takeover happening here! It’s just a matter of time!