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See the co is continuing with the unproven use of expending cash into share buy backs. For Low cap value listed cos like this …….it is an utter waste of time and cash, the market could not give too hoots ,as has been proven with all the previous share purchases having no positive impact at all…indeed from a market perception it seems to be negative….this is not Rio Tinto!!! definition of madness….keep repeating a failing policy!!!! Shows a fundamental lack of understanding of what drive the SP’s of co’s like this. The BOD need to have a vision for a more creative way to generate value, invest into new opportunities if they have cash to throw around. The BOD need to show a bit more vision than this and maybe that’s why although there is a fantastic financial position, the SP is stuck in a rut and seemingly going nowhere. I expect the usual defenders of the board ‘doing a great job’ to rear their heads of how unreasonable this is to say such a thing, but proof of the pudding is in the SP and at the moment with such brilliant financials….why is this not so much higher??? Change of approach and vision required….
This has just come out, well worth a read and gives some comfort to the medium term prospects, confirms insurance is covering most of the blowout costs. Confirms fully funded for paradox with the growing revenue stream from Williston basin, so should be no risk of dilution. Notwithstanding the 36-2 delay which after the blowout should be no surprise, the prospects look very interesting if they can control and get into production the bucking bronco that is 36-2. Of course do your own research…gla
Giving up……the market may well think that, fearing a further drop on this……bugger…..
This share has had 3 major price spikes in the past yr, but on every occasion has not long after spiked back down……just thought some might want to be aware of that……very much a traders share judging by past performance …..normally returning below from where it has started from. A commercially viable oil find would clearly change this…….good luck to the brave & best wishes all
Sounds like Erdogan is going to win in 2 weeks time, will be surprised if anything happens whilst he is fighting for political survival….. so regrettably it seems a bit longer to wait before the Turkish side of any deal will be ready to resolve/ do a deal !
Answer, with great cashflow…………clear the debt, over time let the hedge unwind and BOD now deliver credible plans and reporting as the cash arrives. Over next few months the picture will change and SP should gradually move to reflect that as pennies drop ! I am a medium term holder here…..and the real turbo to all this will be if gas prices increase from current levels….great stuff
Enjoying my Sunday seeing this……great stuff…
Looking to sit back over the weekend and enjoy the daily output data….just to cement the credibility of the compressor/s and well/s performance. I imagine an RNS sometime next week and let the £ cashflow journey begin….great stuff.
£27m……& current market cap is £55m……!!
Not sure how many people are yet aware…….re the latest production no’s. always expected the SP to be a long steady rise over several weeks and months….not sure if there will be instant gratification, so my rocket that’s just off the pad is probably several months before getting to orbit! Grateful to see any rise/s as word spreads and company proves consistent production performance….this should just be the start.
It will come in an RNS when all is good and ready, in meantime keep tracking the production numbers and draw own conclusions! If this gives some knowledge ahead of the wider market, make own decisions on how to use…..
Seems like the boosters fully ignited and this share has cleared the tower, starting to accelerate towards max g 🚀
Looks from the numbers like the second compressor has come on line….great stuff, now to let the tech kit and gas flows to settle down as things should still steadily ramp up with production output from here, with the odd downtime moments of maintenance, tweaking, permanent line in late summer etc… as the new well gently cleans up. Should be banging the numbers out and cash in late summer and into the winter heating season….fantastic
This is well worth a look, provides a DCF Val based solely on the smelters first phase of proposed commercial expansion and utilisation of the existing wholly owned plant which shows 2.5 times the current market cap……..nice one!
SP moving in anticipation clearly welcome, but no deal without the Turks and that is still silent/ unknown in terms of timescale and what they get….so still many unknowns here including how long……
Market cap £13m, if the rest of this yr goes to plan, may well become a TOT for those global entities hoovering up natural resources…..will look for any dips from here to top up
very much support the general direction here…company going operational….sp should begin to reflect that they are delivering and adapting, without any major **** ups……positive stuff
A few folk finally realising that this is not so much the previous tin play, as now a lithium play. If they had made the co renamed Andrade lithium mining, i suspect the price would already be 10p, but hey ho…..that’s AIM….looking forward to seeing what result’s now some sort of deal seems to be in play….massive potential…a little patience maybe required…gla
Great performance, not always that you see an oil co doing Exactly what they said……long May it continue…..
My hope/ heart… they are in some sort of discussion, my head……..rabbits frozen in headlights I am afraid. Either way they should be doing the SMD testing….to improve their negotiating position and create some value. The fact that they are not announcing they are doing that is an overriding negative indicator to me. I say this as a long suffering shareholder!