focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Hey I have enough money to buy 100, 000 at the end of July when a fracking permit isn't issued ! Been cautious ,all my shares under 20 pennies and will get a bunch soon under 15 cents ! Nothing going to happen this year as I told you last year. Buy cheap sell high ! Man it feels good to be right for the last 3 years !!!
What ? I doubt the time frame never ever said never, or I wouldn't own shares!I just correctly said drilling maybe not this year. Also have preached buy below 20 cents. I said buy and hold was a bas strategy. All those things happened and drilling keeps moving closer to the rainy season. Go back reread
I guess the big question is when will the bit hit the ground ? I knew May was a joke and June was improbable and July a maybe, but now I see August is ? Of course I always thought that drilling this year was only a probability . Don't buy yet share price is weak and more shares may soon hit the market. Drilling date needs to be confirmed soon! Otherwise new lows will be the opportunity to buy; 16 cents will be the new buying point if bit doesn't hit ground in July. JMO
I believe David Close said about 5 million over run. Trying to find it for you, also I don't think the rig hold down would be free, maybe POQ can shed some light on both issues. Plus Santos permit timeline will give us a better view of just how long till drilling. Again buying below 20 cents still working well, I know a lot of people said it wouldn't happen, but we are at 19 cents and IF drilling doesn't start in July ,then we will be even lower. Good field, big risk, possible big win, accumulate slow and cheap.
Nice job, but what about cost over runs, first off last wells ran over projected costs, a rig on standby costs, and that is 1 or 2 months behind. Costs for the toughest regulations in the world most likely not adequately factored in.
I believe you, can't raise enough money on a 19 cent stock, to cover expenses. With drilling delayed , results will be put off into next year and then Falcon will owe big money. Can't have a billion shares out and raise cash to drill 28 million dollar wells , at 30 percent next years wells will cost well over 30 plus million to Falcon.
POQ has been now hinting at July, officially said mid year. 10 days since comment period over for Santos. No decision yet. Sure looks like a reverse split needed by beginning of next year. 100 to one would make me happy.
No money needed, fully carried, no debt ,well financed. Need 10 million dollars at 19 cents US equals 5 plus shares per dollar times 10 million, wow that can't be right, plus Petro Hunter shares need absorbed, chit! Let's give some more cheap performance options to our Board of directors. Lol
If drilling was going to happen this year POQ said we were fine, great financial position and debt free. What a liar ! We all ready have a billion shares out. I've said we don't have enough money. Also been saying drilling iffey. What do you think of our CEO NOW! I will be losing money now . And I bought cheap.
Idiot my all in price is under 20.5. I've triply investment and a f stick like you, won't see even for years! So what have you been right about? Absolutely nothing. Drilling will not start in June, like I said in December. Still not sure this year. But you buy and hold idiots for 15 years think you know it all ,I have cash you have schitt in one hand and hope in the other guess which hand I'd fuller. FO
Been watching volume and share price, don't know if we are going to see a lot dumped on the market or not, couldn't pick up more below 20 cents yet. I think the thing to look at now is how long after the comment period closing does it take for Santos to get the Ok to drill , if they even get an OK. We will be into June before the comment period is up then we wait for an ok .