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I think that’s a fair assumption, Dicko! Questions are, why and when can we expect this, as dangling a carrot end of September that this was very close and only a few clauses to iron out etc is not acceptable shareholder expectations management! He is not doing much for his own credibility or that of the company. Lots of words, no action. The wait continues
*Expecting 10 bag in short to medium term
I am very bullish here and I am 10 bag in short to medium term, 100 bag in long term if not taken out beforehand. This report is an update and
Nice to see an upward valuation on current mc but this is based on securing rig. They are ready for a rig, and have been for some time, but the facts remain, they have not signed a rig yet, and therefore finance via farm in or other, and license extension, is also outstanding. Need to temper enthusiasm here. I am hoping all this news will drop soon (expecting any day now since September !) and then BOOM. Until then, we will bob along at these levels unless a pre-news leak and then volume will be telling
They’ve been “ready” to sign a rig for quite some time I would say. Nothing has changed as far as I can see after reading that report. I hope this “imminent” news materialises soon!! GLA
Lies or ignorance, Jemgeee. Tell me, how many “hundreds of billions of shares in issuance”? To the nearest 100 billion will be fine, thanks. LOL
Only the market cap matters.
Thanks Looed. It's hope that kills you, but I am hoping BIG TIME. Great to tune in and see all the old names . If we get through this then we need to have a big p!55 up so we can have a big hug and cry. best wishes to all and thanks for keeping the board going. Some proper resilient heroes on this board!!
Interesting! Thanks for sharing, Looed. For a while I had completely forgotten about the £**,****s of money I have lost here. It would be nice to see a comeback here but not holding my breath!
98% down in 5 years. 87% down this year. I am holding after massively averaging down but the longer we go following his very positive words at the end of September, the more I have the feeling I am having my pants pulled down. Time to deliver, JA. You are on borrowed time and have been for quite some time!!
I can't disagree with you, Passiton. If no solid developments by the end of the year, I will probably sell up and move on. His interviews are quite convincing and I am holding hope for a serious rerate. As in 10-30 bagger in the short-medium term. This is a completely binary gamble. That's the poorly regulated AIM market for you. Full of conmen and ripped-off PIs. Bring it home, Jeremy!!
Yep the interview a month ago is definitely worth a view. It makes sense for the license renewal to coincide with the rig contract and as close to the spud as possible. Who knows, it might land tomorrow 🤔
Hi Dicko, and what is the "belief" and "understanding" based on? 'Word on the street'? I really hope this is the case! Cheers
Hi Dicko, yes I know he stated the below 6 weeks ago. I assume this is what you are basing that on, on not any other information. I continue to wait and hold after averaging down to 0.04 but this is frustrating
I had hoped we would already be able to announce the rig contract for NJOM-3 by the end of this quarter, however, we are currently at a very advanced stage of negotiations on the rig contract and so we hope this will be concluded soon.
What’s going on? What value are you bringing to shareholders? How long can we expect to wait? Can you provide some realistic timescales here? Ive not been invested as long as many but I’ve seen 4-5 years of soon, very advanced stage etc!!
29 Sep RNS - "I had hoped we would already be able to announce the rig contract for NJOM-3 by the end of this quarter, however, we are currently at a very advanced stage of negotiations on the rig contract and so we hope this will be concluded soon." He certainly implies imminent! JA's definition of soon could be measured in months and years based on previous communications. Alas, I continue to hold!
We just HAVE to be!
Bought another 6m. Total gamble based on JA's word. Don't be a liar JA, although it wouldn't be the first time on AIM!
Making out on previous RNS that news is so imminent he was hoping to announce on that day. Where is it then?? Back to Expectations Management School, JA! Time to deliver!
Tick up rather
Gap up coming then imo
So… in summary, in Cameroon, rig contract is at very advanced stage but is dependent on license extension. Farm out talks are at advanced stage and dependent on rig contract. Spud in H1 24. Hopefully we get about license extension asap and then everything else will fall into place reasonably quickly after. After all, JA has had an age to line up all his ducks!!