focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
It takes a few months for you to get a rig. They have to do this now in order to be able to start in June. The contract most likely allows for the cancellation if need be for some kind of financial compensation. Origin knows plans need to in place for 2019 season. It a forced step forward.
161 thousand shares traded in London out of a billion shares out, at or near yearly low share price. If you can't find interest here nothing is going on. I'm buying these cheap shares and hope POQ keeps up the good job of making my purchases even cheaper. LOL
Raise funds one way or the other , confidence builder, he believes, who dumped the options on the market? He doesn't want interest in stock ; if you have interest in a stock and people buying you set a floor under it. Everything you said in my humble opinion is to deflect piss poor management ! I would feel better with interest in the stock, a rising stock price,plus knowing we had enough money to not have to raise funds one way or another. Also a firm commitment that drilling will absolutely begin in 2019. Can you send me your rose collared glasses because everything you said sounds like a negative to me. I'm buying though.
I thought it would double within days of end of frack ban and rebought , as we all know it didn't, and I sold. So I believe we would get a small pop but I believe results will be the next driver upward or a stock buyout but with options being redeemed that's probably not happening.
New to slow said he had many opportunities to sell above a Dollar, and you want to listen to a loser, many times over. Think his golf game is hitting it into a clowns mouth and shouting out, I WON !
Funny you funny too! But I'm right. I told everyone to sell with huge profits those who did like myself can just sit back and cherry pick a company in dire straits soon. 1 song quote and 1 band in this post. At least someone to occupy your mind.
No permits to drill or frac, minimum requirements 6 months water well monitoring plus evaluation and independent enquiry. Drilling just can't start at end of so called rainy season in the desert. Funny the can drill water test wells . Buy and accumulate slowly and cheaper. Please RS this stock POQ !
Not this year but soon, also look 20 million from Origin and 3.7 from NIS all since mid 2014 all most gone; so down to 7 million now , means reverse split ! Take 24 million divide it by 4 years = 6 million a year; they have been spending . Look at long term expenses , do you see it ? well I keep asking what are the reclamation costs in Hungary, renewing leases in OZ and SA ? POQ will never answer hard questions. This 7 million won't last till July of 2019. No one seems to think regs will be in place by April 2019 when dry season starts. Do you think Origin can pull a rig out of there azz then ? Accumalate slowly you can still lose .
I forgot to comment on the 7 million plus ,Do you know the last well came in at 24.5 million so Falcon's 30 % on just one well wipes that out. Also Origin gave 20 million in mid 2014 plus what other cash we had on hand and NIS when they left Hungary gave 3.7 million to Falcon . So since mid 2014 Falcon has spent about 17 million and for what ? Now how does that cash hoard look ? Again buy slowly don't believe the hyperbole . And once the gas is found then we have to get a pipeline to the site. That's 6 months of permitting. Best bet is to find some liquids to offset some costs. Liquids easily trucked.
Still slowly accumulating, no hurry, cause there are no plans. Sticking to my original plans that have made me money. Will sell if Reversed Split announced, which is what really needs to happen. 100 to 1 minimum!
Why is anyone thinking Origin is going to get drilling? No rules, no regulations, no plans , no permits, contractors, no housing, infrastructure, no rigs under lease, ect. Lots of hoops to jump through! No answers. Origin answers nothing.