Booms comment the other day about weighted average going un-noticed. Feels like tension between not letting the SP go north just yet and news that the BOD have, but need to keep stum right now. Interesting. If and tis and if, I am right this will explode in the next 2 weeks. IMHO
Wee observations: we paid £125 at end of April for 14.75% and we've now paid £125K more for 10.25% (forget the deferred share etc:red herring for calcs purposes.) So someone knows something when we're paying a significant premium over Aprils price.
On that second model, if PERT bought into ADL and there was a specific resource identified for development by ADL, the SP would got nuts, and PERT would in effect be able to self fund development from profits.
From last director interview, ADL want business model where cash burn is down and revenue increased ASAP. Crit of last board was "too ambitious" for a small cap.....strategy takes too long. BOD want model where regular news maintains SP and investor interest.
Another possible is ADL partner with PERT on a larger resource, where PERT provide staged payments for progress. If that is the case, then its a 2-4 year plan. Otherwise we are looking at dilution to fund exploration and development which I think the BOD will avoid. Possible then PERT buy into ADL as a funding method. Who knows.....but think we'll find out soon.
Wee worry is that we put the current BOD off by giving them heat properly belonging to the past incumbents. Give them a chance and some respect for taking on a lame donkey.
Maybe ADL, but more likely Siemens PT, Sinar or PP Energi, our strategic partners, will be out shopping, which could put ADL in a fantastic position. Getting interesting.
Think we are losing that bit that these next few months are about well testing, that is different flow rates will be maintained deliberately to test for pressured drop etc to assess the resource, its nature, extent and volume of oil available.. These few months are not about turning the taps on full pelt for max production.IMHO
Same as December 2017......if you want to know where GGP are at, then watch this share. As soon as there is uplift in price, hammered by sale. By whom? Guesses on a postcard!
RE: Current beneficial ownership HHDL5 Jul 2018 00:02
On the Trump model of gun ownership......my good lady has a book in mind entitled "Lady's under 50 should not be allowed guns" Hormonal imbalance you see......dangerous. Red.....you need help!!!