RE: RNS24 Jun 2026 18:09
"If your [sic] not a shareholder why are you posting here, trying to convince people to sell is pointless, most people here can see right through posters like you, go troll another company"
Let me re-state why I am here, and why I am on any board I post on.
I have a significant pension fund that needs to keep me in the style to which I have become accustomed over my working life. I am overweight FTSE350 stocks, weighted slightly more towards the 250 than the 100 through various fund holdings and some direct investments.
Put simply, I believe that clean and efficient markets have benefits for all. I do not have a view whether we need more regulation or less, but I would like strong regulation to enforce the rules we do have, so we can judge whether rules should be tighter or looser. At the moment we have hardly any regulation at all. Anything goes. Are you a wrong’un? London Markets need you!
I strongly believe that the London authorities need to get a grip on some of the shenanigans down the stagnant small cap end of the London pond, and throw a few of the worst offenders in chokey for 12 ‘pour encourager les autres’. Then we might see fewer PIs getting shafted on an almost daily basis, and a return to strong flows of inward investment of patient capital from the world’s investors, which again has benefits for all London market participants including me.
So I like to ask straight questions and get straight answers. I like companies and management teams who say what they are going to do, then execute.
In this particular case, if you say “we are fully funded to drill in December 2024" but put out a balance sheet that shows you as technically insolvent and are not drilling 18 months later, I'm going to call that out loud and often. IMHO this is a lifestyle grift for the managers and advisers, nothing more nothing less. If you continue to enable that you are a mug, nothing more nothing less.
I am not here to get a lower entry price. I am not a buyer of where this is going at any price. But if it turns out to be a clean, honest, profitable success story that makes you all rich, I’m happy too.
Peace be with you.