Member Info for Appiamma

No idea bots, but his master plan to keep the share price low has worked very well over the past couple of years

Shez it's exhausting to watch happen too. Of course it's not deliberate, I don't think anyone has said it is. But it is naivety and ineptitude and the end result is the same for shareholders. I remain convinced that the asset is worthy of investment, it's just difficult to swallow the other nonsense, and clearly the wider market feels the same.

Yep, the reason is they need money us to drill the next well. They should have been raising @ 4p -5p minimum, but because he made a total pigs ear of announcing the only successful result they've had, we're being diluted at 3p. That is on AC - nobody else.

Mls- He has previous as far as that tactic is concerned

At the presentation the other night AC deflected a question about technical competency by effectively saying investors shouldn't preoccupy themselves with that aspect of performance an focus on SP and potential shareholder rewards. It is the lack of competency that has the market looking on with a cynical eye. With all the potential and bravado from AC, why the significant discount here? With his much quoted positive outlook rating where is the debt option mentioned recently?
They need cash to drill the next well, that was a given imo. However it always appears to be 1 step forward 2 steps back with this company. Back to 3p.

Ready to go? They haven't poured the concrete for the pad yet. maybe they can use Blue circle Postcrete - sets in 10 mins

Hopefully with C30 they'll manage to complete the pay zones properly which, alongside it's better location, could make a significant difference to production rates.

I think it's more likely he tried to be clever with his under promise and over deliver comment and it backfired on him. Now we'll probably just get back to where we were instead of pushing on. Still hopefully C30 can do the business and change our fortunes.

Operationally challenged without doubt - those of us who've been here a while understand that. It's never been a question of if there's oil, just whether they could get it out the ground. However, I don't believe an RNS that announces the one real success they've had since they've been in Azerbaijan reinforces that notion. The realists will generally view it as a significant improvement and a sign that progress is being made; glacial though it may be.

As mentioned on the day of the last RNS the raise was insignificant but I doubt those were sticky shares so placing price is irrelevant. It will have caused some weakness but what has done the damage was the lack lustre comments on contracts etc. With no significant sales developments to report and now with the anticipation of FDA approval gone the anticlimax was inevitable. An opportunity missed imo

To be honest I'm just happy they've completed something successfully. Maybe not what folk hoped for but realistically what I was expecting. They will have learned an enormous amount technically and geologically . C30 should be completed much more efficiently along with all future operations. Most importantly this can be put into production within weeks. No fireworks but certainly progress.

Also cynicism bult up from previous failures means this has not been heavily bought into pre drill, well not judging by the stagnant SP, so hopefully this result will be viewed positively. Gla

Was able to watch at first but not now. They appear to have changed the permissions on it

I note he says an RNS is due and with a smile that they must under promise and over deliver. He's been promising 1000b/d for two years or so - therefore who knows what C37 has to offer! Tentatively optimistic in a don't expect too much but hope for more kind of way - GLA

Certainly seems to have been an exercise in stock collection today. Would be nice to see some II interest maybe.

Placing is fine and expected for those who know TB's modus operandi. Trouble is it will be viewed in relation to the SP yesterday, not when is was instigated (Friday morning probably). In that context it was at a reasonable level.

Not bothered about the placing, standard mate's rates stuff. However the StoneChecker update is very disappointing compared to the bullishness of what we could expect in the FDA RNS. Where's all the preparedness we have been led to believe was in place? It's not like they haven't had time.

I've seen this stated elsewhere and asked myself why? StoneChecker uses the TexRad algorithm but I have no idea what the terms of that license are and what it means to Feedback; and judging by their RNS neither do FDBK. Nor do I know how much it cost/is costing IQAI. If someone has any more details please let me know, as I've come up with very little.

What I do know however is that StoneChecker took that algorithm, originally developed for oncology, and secured the exclusive rights to use it in the highly lucrative urolithiasis field. They have identified a large market, now secured worldwide approval, partnered with a large successful distributor and it supplements and enhances IBs existing suite of products. It's not clear to me how this benefits FDBK which, according to their prospectus, already has their algorithm 'featured in over 100 academic publications, won numerous awards and is currently used in over 50 prestigious institutions worldwide' - and is surely already recognised. I thought a good analogy was that many computer games have been developed on the Unreal Engine - some were very successful but loads weren't; this is a winner I think

All that said I wish all investors their well and if FDBK's board do find a contractual correlation that means they benefit from StoneChecker's future success I'll be more that happy to join them; they seemed unsure atm though GLA

Agreed Ezhik - even a relatively modest flow rate would at the very least demonstrate competency of the drill and technical teams, and would serve as a huge fillip to the company's - and of course our - fortunes. Let's hope we see some continued pressure building in the SP today

I remember his presentation at Oil Capital summer 2017 where he also had a target of 1000 barrels per day by March 2018. This is the reason for the muted reaction to today's promising news; they have to demonstrate they can get these wells to flow and realise those long awaited production predictions

Just got NT to buy for the first time in a while so stock certainly drying up a bit