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@Chopsing - " bsc up 25% today so far and Argo down 28% over the last 6 months!!!"

BSC up 113% year to date, Argo up 165% year to date, what's your point?

@bessie "After watching the online presentation yesterday the "leadership" are not impressive at all"

I thought it was pretty good to be honest

So you didn't watch the hour long investor presentation he led yesterday then?

Machines info was all in the presentation yesterday, along with lots of other stuff, which you could watch.

If you're as concerned as you always sound then why not just sell the shares and do something else with the money while you decide whether to come back in?

I thought the presentation and question responses were excellent all round. Great numbers with strong plans. The medium term timescale for company strategy was also underlined repeatedly and gives investors a clear steer on planning for that timeframe, while hopefully discouraging the short term trading behaviour that has unsettled the SP recently.

Really good presentation

...

for goodness sake, it's not 'fiddled', it's just been sold off the back of yesterday's rise on news. It won't rise until there are buyers for it, they'll come

it varies, anytime during the first working week of the following month. It would be wasted to release it the same day as other news anyway.

we are not at mid Q4, that will be in the November monthly performance update in early December. I’m not expecting it necessarily in the October RNS, either, although it might be mentioned.

Could sure do with one

yes, quarterly or even monthly production updates would probably help the SP

very good, COO with oil and gas rig experience, CFO with African experience, excellent

Very positive, including CFO based in Tanzania, significant development

“If it can disrupt the industry” ?

Yeah, right, in what timescale with what capital? They’re practically bankrupt and have no basis yet on which to repay their loans or secure further capital. Presumably the current hype is an attempt to create some buzz for a share issue dilution.

Great trade last week but that boat has sailed.

So basically not as well developed or funded as Argo then?

It depends what you mean by those odds. It's an AIM exploration company wildcat drilling for an untapped resource in largely uncharted territory. So yes, chance of 'success' per drill (i.e. commercial discovery) was maybe 1 in 4 or 5? Hardly a secret. Each drill adds data though and de-risks the next. The analysts reports cover this quite well. If you want more certain returns buy BP or Shell shares instead.

Massively over promised and under-delivered this year, more like it. Still has potential but a lot of work to do to meet stated goals.

There is no comparison. ARB is a successful company that makes huge profits, has increasing assets and is rapidly growing its business. QBT is an early stage idea without proof of concept, patent or product that makes a loss and is about to run out of existing debt capital.

The estimated value of an underlying asset per share is not a share price prediction.