RE: we are now down at alltime lows5 Dec 2018 18:06
There were a few things that started the slide, some of which I have forgotten. Perhaps the main thing, for which I cannot hold NR responsible for, was the crash in oil price from $109 to less than $40. Made some places too inefficient to even bother about getting the oil out of the ground as there was no profit to be made. Main thing for me that has ruined this company has been the timings of dilution, always when the company was desperate, meaning that many more shares came onto the market. I remember when there was a little spike at one time to 1.2p this would be a good time to raise some funds but nothing was done until the share price had dropped to .24p meaning that 5 times the number of shares had to be issued. Just poor management in my opinion.