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I've been in this once in a lifetime stock for almost 14 years now.
Have seen every possible issue thrown at it from isis to debatable legal claims on the field, each one has been overcome and despite still sitting on heavy losses are still here waiting.
The pipeline will reopen , the oil will flow again and the company's last obstacle with the oil and gas law should be finally resolved.
The longer it stays at these low prices the more I'll take and keep waiting for the day when the true value and size of the field is officially disclosed and we are sold.
Spot on victor nothings changed and having the issue finally come to a head will remove what has always been the issue with the oil and gas law.
The site will be mothballed so little worries of cash issues and sensible without payment to not pay the dividend.
Like you I'll be here till the end and take advantage of the drop/gift and keep adding.
I'm fine and have increased my holding on the drop and will continue to do so as they will eventually sort themselves out It's just a matter of when.
I might finally break even on the next rise which will be some achievement considering the wait I've had.
Pointless selling for me at these levels with the losses I'm on.
I will either lose the lot (which I accepted well before the RNS) or we will rise from the ashes.
I won't put another penny in though until we have some signed contracts or I get forced with a placing (which I doubt will happen at this late stage).
What will be will be , great tech and products run by the worst directors I've ever known.
Amazing isn't it how obvious the downgrade was and the predictable manipulated market crash.
Another smash and grab raid for cheap shares and the green shoots return, can't wait for the day they all get caught with margine calls.
Why would anyone want to put anymore money into this crooked outfit?
They've blown 5 million and generated 10k ?
Mothball all operations and try and sell the tech , what the hell has happened to voltz and the filters this should have been a huge revenue stream?
Would it not be more prudent to stop all research streams , cut staff and reduce costs whilst we try and get ourselves out of this mess ?
The constant spending of money on research and not marketing our products / technology has put us on the brink of collapse so before that happens all spending should be stopped.
So this is a mates rates RNS or the truth ?
Sad fact is this idiots couldn't even market a virus killing mask in the middle of a once in a lifetime global pandemic.
If this ever hits my break even point I will be gone and never look back here , its a shame / lifestyle company who have treated the shareholders with total distain.
That's as good as finished us what a complete mess they've made of this.
Another nothing RNS , no contracts signed , no revenue yet an expanded board of dirtectors bleeding us dry.
They should all be in front of a judge and charged with fraud.
You only have to look how they have messed our payments about over the years , taken licence blocks off us for breaking the PSC and then paying for that privilege where in reality we couldn't develop them as they didn't pay us !!!
In the early years I always thought it was Baghdad that was the cause of the issues however now the KRG have been found out for what they are and if this shutdown puts an end to all the pilfering of our oil and term change to the "KRG blend" than I'm more than happy to wait this drop out and remove the main problem with payments going to the KRG and not us for the oil we produce.
Which large shareholders are these as I'll be seriously adding at these levels , the inpass has to be resolved and will easily double from where we are now.
With what we're owed this is about our cash level.
What have we got 1 more day till we shut the field down what a complete and utter mess again.
We wonder why the region has no confidence then things like this happen and its clear for all to see.
For sure some of made a fortune here from us longer suffers and at least one is serving time for it now it's a shame that most won't.
I'm a stubborn old ox and won't be selling regardless of the price after waiting for so long.
GKP always gets hit hard with bad news , I always put this down to what a great asset we have and that others even at this late stage want in at cheap prices as the fundamentals are never reflected here, lth will not panic with this we have all seen it before.
It went as low as 46p when ISIS were are the door and my only mistake then was not adding at the very bottom and riding the bounce up to £3.30.
The pipeline shut in will be resolved sharpish as the last thing we want is to revert to trucks again, although based upon how stubborn the KRG are that again wouldn't shock me and allow them to pilfer even more of our money.
The krg have been playing silly games with us for years even recently with the new kurdish blend price.
With the pipeline off that kurdish blend isn't worth a lot so maybe this might get them to finally agree the oil and gas law we've waited over a decade for.
The short term hit will hopefully give us the long term gain , I don't need my investment here out and will continue to accumulate on any weakness.