Member Info for Ash78

Again, tick tock Helge and cronies...

Despite the lack of progress over the years and that I'd bottom drawered these, I'm thinking top up on this sudden movement in sp.

This is after me thinking I'm not putting a penny more in lbe 🤷‍♂️🤷‍♂️🤷‍♂️

Potential is great i agree but thats all the BOD have delivered to date, potential

Forgot to add... so what's the best plan of action for the private investor to achieve this aim?

For me now it's just, what is the best route to ending his reign and ending that ridiculous salary and lifestyle. I've got over my huge personal loss. What an absolute crook

Absolutely agree PaulD.

Personally i simply want cash flow and they haven't delivered.

Painfully slow burn Deeko. We've been through various oil price/demand/supply cycles with still no meaningful production and therefore constant erosion of cash. Very poor showing...

Oooh, "buying volume going through the roof" "cant buy any" "market makers hoovering them up" and the like is really, really positive eh.

Good news but another on the wage bill with little cash coming through the doors. Get a move on Helge...

We may as well sell that kit we purchased for horse hill instead of hiring it. It didn't really do us much good

Yeh we're really, really close to a paradigm shift :(

Zilch. Disgruntled to say the least. It's now one of those shares i have to let ride in hope...

5 years+, that's all i have to add :(

At what point does the company become absolutely worthless, i know we're almost there...

Gatwick gusher... like shooting fish in a barrel eh :(

Zengas, i agree that noone saw japex jv coming or the production purchase but they've been 5 years in the making so one would have expected there to be more if the company is to deliver its initial corporate strategy.

I would like to have seen 'meaningful or material' cash generation by now.

Exactly my thoughts Stanaccy!

In the meantime ongoing corporate costs continue

Well let's hope they execute soon

Helge states, "We are now focused on adding further assets to our portfolio to build a full cycle E&P company with material production interests".

Same old. This has been their focus for nearly 5 years now!! Outrageous stuff...

Whirlaw - "Longboat's original "blue chip" investors turned out to be a disaster, very damaging, destroying the share price when they bailed. Who is to blame for that though? Longboat not bringing them the right deals, or the fickleness of the likes of Blackrock?"

I'd argue it very much rests with LBE. They failed to deliver their original strategy upon which blue chip and private investors made investment decisions. That failure, at present, continues...