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Here is a thought - wasn’t the Company supposed to fail mengo too ? But it didn’t right !!

They were right with genl and they do purchase in companies they research and promote

Once again tip-top I doubt they will go to vanji and I sincerely hope they don’t. Hope djeno comes in bigger than what they thought and that’s it. They turn into a 100 to 150 mcap company as a minimum. Ds has not hinted at it and has said they don’t know what to do if djeno hits - it’s a nice to have problem

Genuinely don’t hope they go to vanji. Extra expenses probably more placing uncertainty. If they hit oil at vanji just stay and produce - enough of the drilling and start delivering

The interview might be a year ago but yesterday In the interview he did not mention vanji. He talked about a nice to have problem if they find oil in djeno. So I think they either don’t know, will need to wait for other issues, how much djeno holds etc. Personally I hope they find big at djeno more oil they think and ca handle and then call it a day and make money. If that’s it, then to ne sounds good

Don’t think they will head to vanji. From the interview he said if they hit oil at djeno, it’s a nice to have problem. So more like they will stop all drilling and figure out how to make money now. If they don’t find oil in djeno then mengo is the plan

Yeah I hope they don't head to Vanji after this- He did not explain what they would do if they hit oil - he said it's a nice to have problem. But hopefully they will see the need to stop drilling, figure out how much oil they have, carry out the tests and evaluations and thats it - hopefully with Berwick's experience, we will be able to see how much potential there is here

Big bench - we all take risks in investments right ??!! But it is about measuring the risks - assessing them and constantly checking how they can affect investments - from debt to management credentials to asset liabilities to external factors. But we invest because we believe in a product. So if that belief is there and the risks are minimal, sometimes it is just patience. Ignore the noise on the board, the words of gospel from twitter and any other interferences. Be your own decision-maker. I do feel this will come good for several reasons -
1. the sheer amount of time they have taken to sort this out- could cut both ways - I get it. But I do think they are aware that once they relist, this has to be good. If not it will get decimated.
2. The product they have,
3. Bigmj's involvement - if that does not inspire confidence then what does?

So, my advice , be patient and hold till u feel for rational reasons, it is right to sell. Dont rush and dont panic. It is your money and you can only know what is going on in that head of yours with all that money tied up- but when this does pick up pace, this has to at least 5 bag. I hope you make at least half a mill pal. I have no reason to wish you ill.

All the best and keep us posted when you sell. In theory, this should all work out well for u !!

If it drops to 8 pence, what’s that in %. But what if it goes up to 12 p. Then what ? U don’t know. So don’t predict Didn’t you see what eqt did over the last weeks. Was expected to drop to .6 wasn’t it? It’s up to 1.2 now. Don’t understand how some try and predict the unpredictable rather than look at fundamentals

bigbench - genuinely hope u make tenfold and make a mill - all the best

This all points to one thing: Measure a company not by the number of challenges it faces but how it deals with them!

1. David is not a conman. People are annoyed that they bought at 15 pence and it is now under 10 pence. So what do u do? Blame someone. 2. The company is not corrupt. People don’t read that fincap along with the company went with the placing at 10 pence. Not DS alone. 3. This is a gamble. Really. Doesn’t every investment involve risks? How can u not understand r1r2 and mengo have oil and we will be in production. Lastly notice how most of the rants are from those who have lost money, don’t understand what they have done, don’t make an effort to understand company fundamentals and cannot produce rational analysis. All the best. You are the guys dripfeeding the markets with yr money !

Tilburn, As always interesting analysis drawn from reliable evidence rather than the words of gospel on twitter. Much appreciated.

By the looks of it load up as much as you can before 25 jan. get that pay day in whatever you can borrow whatever you have before 25 jan - that’s what it looks to be before djeno. Then there should be no looking back

If they are taking advice from fincap and fincap is reviewing the target price, as they have done recently, then surely the placing is for good reason. Djeno not taken into account. If djeno comes in, then I’m sure fincap will review that target price once again !

yeah fincap may have reduced their target from 38 p to 32 p but have you not read the RNS properly. They are the ones along with the company that has recommended the placing at 10p. Do read the RNS properly. It is is there below. I am getting sick and tired of those who have just joined and think they have read everything about the company !!

I think the run up to the end of the month will be interesting.

just goes to show how ill-informed you are - with everything we know - the two reservoir targets have oil. We have found more than expected - the funding is 10- - no reason for it to drop below other than sentiment 0 so did 88e - dyor. and if next drill does not come in, then there are the two reservoirs we alredy have - read the rns before you post

sounds sensible unity two - I wish I had done the same for shares that plummeted based on sentiment and then rebounded above my buy price substantially after news of fundamentals !

Madchatter, I would not worry too much about those who doubt the potential. The vast majority here bought within the 14-16p range. They could have done so when news was out within the 6-8p range. So, now they are mad and need to take their frustration out on someone. Where were they when the R1/R2 news was out? Where were they when the mengo news came out. They all bought on a spike and thought they would get rich quick. This requires patience. I am going to continue to load and hold. This will definitely hit the 38p fincap mark at some point . When - who knows but that's investing !

I feel the lth share the same view !