Member Info for caddy1

True but it would appear that the market would have expected something within 2 months.

If only NVS was more careful with what he says. To me, stating that he would inform us of progress over the coming months meant 3/4 months max. If he had said I expect to report on our progress within the next 6 months this would, most likely, be well over 3p still but I expect us to drift now until positive news is given. Hope he co-ordinates our good news with something positive from AA as nobody takes his word for anything now. Hope the news is good enough to take us well beyond 5p immediately,as that is the minimum that one should be expecting

"I look forward to updating shareholders on progress over the coming months."

This is from the RNS in April so what progress has been made.

No progress reported and the SP has fallen 40%.

I emailed NVS and all he replied was that he was a little frustrated.

Well I am bloody fuming.

Certainly agree that what is said on here has very little effect on the SP. Unfortunately when a CEO says that he looks forward to giving positive news on the progress being made over the coming months and then says nothing for over 3 months, all will presume something is wrong. NVS is playing a terrible game here and we need a positive RNS now to stop the rot, even if it is to confirm that our relationship with AA is still very positive.

Would have been nice if our BOD had bought back all of those shares at 380p rather than 410 - 420p. Wonder how much that has lost the company. Still the CEO will probably get a huge bonus for completing a simple task.

I know someone who works for Aviva and when it went below £4 (again) they said it was a good time to buy. Just shows what the workers know about their own company. Never mind, they will still get their ridiculous bonuses so why should they care.

When I invested here well over 10 years ago I thought I was investing with the experts. How wrong I was. All I have seen is CEO after CEO making mistakes, leaving and being given a massive pay off. The bonuses schemes the workforce get here are ridiculous. I thought you got a bonus for working beyond expectations and achieving targets. Well if our target for the last 10 years was to achieve nothing ( in fact losing value) then I suppose bonuses have been well earned. Dividends have just about kept my head above water but no more.

'The Board of Synergia Energy Limited (Synergia or the Company) is very pleased to announce that it has arranged the funding required for the completion of the Cambay 77H well workover.'

Wouldn't it be more accurate to say that we are sorry to inform you that due to delays and low production rates we have had to raise extra funds by giving a discounted placement. We apologise to our long term holders for our poor performance over the last couple of years and hope that we will be able to offer you a dividend to make up for it in the future.

Yet another RNS that says little and has had no effect on SP and not even stimulated a single purchase. Same old progress is being made. Is it?

Everything always progressing and never being achieved. Looks like Aminex have played this quite well and we have played it with total incompetence. And to think a few years ago we were helping them out somewhat. Our BOD are a disgrace.

Whiley, I got almost exactly the same answer. Have to admit I was pleasantly surprised to get an answer. Makes you want to invest more as it would seem that it can't get any worse but I thought that when we went down to 3.4p.

Heartbreaking. I have had shares here for well over 10 years and have been in profit for about 3weeks. 2 months ago I thought that all was now a bed of roses and NV was just going to inform us of how well we were doing, or at least that was the impression he gave us. We are now about 40% down from then and that to me is unacceptable without him coming out and telling us what the hell is going on. Are we going bust or about to boom. Information stinks.

Still not given up hope here but if any of my other investments in my portfolio fell by 35% in 2 months, I would think they were in crisis. What the hell is going on. This should be at least 5p now if all was well.

This share goes up and down (usually down) by 5-10% on no news at all and for no apparent reason. You would have thought that if this was such good news we should be up at least 20%.

When I first started looking at this company it's shares were over 8p. I invested at 1.6p after many promises seemed to be being made about the future success of the company. All I have seen is fund raise, dilution, fund raise dilution and nothing achieved. Just wonder how a company can get away with it. And all the time the bod must be receiving extortionate salaries for being complete failures. Makes you feel sick at times.

Have held shares here since the Ortac days and thought the JV signature had seen me home at last for decent profit. This is now becoming heartbreaking. Will hold on until the end but it has now become get my money back rather than make a profit. Just can't understand the fall when there has been no really bad news, but losing 35% in 2 months after being told by the CEO that he was looking forward to informing us of good progress is quite sickening.

"I look forward to updating shareholders on progress over the coming months."

Well 2 months (over) gone and no news on progress just a fall in SP of 30% or so.

Very depressing.

I'm just looking forward to getting some money back. (Hopefully).

Quite right Steve, not the correct term. More like 'Give us what you promised'. Just feel very frustrated that without a signature we were at 8p and expecting 12p plus when something was signed. Now we have a signature of sorts and we are down to approx. 3p. Big difference in expectations and achievements.

"I look forward to updating shareholders on progress over the coming months."

From the last RNS.

So what progress has been made - certainly not by the SP, which has fallen 30% since this statement was made.

Come out of hiding and give us some positive news.

just wish i could come on here one day and not have to read all these *****y posts. all i want to read is an rns stating that a deal has been signed, and until then i will regard pc as a person not up to the task. i would be very happy to eat my words but in order to do that he needs to raise the sp by 200% (minimum). i still hold out hope but sympathise with sheldrake as this should have been completed months, if not years, ago.