Emotionally Attached14 Sep 2023 20:06
They say never fall in love with a share...i tend to do it alot..even if i have doubts i put them aside...and somehow believe all is going to be well
After promoting this share for weeks....mondays rns was a downer for me...i never sold a bean on the up...or on the way down if anything i bought more on the way down at 0.205..still hold all..i had my doubts re-placing...but i kept believing like many others that it wont happen.....i try not to trade...rather INVEST...its hard to let go
after mondays rns....i did email the company ( larry ) and shared my frustration see below
"Morning Larry Bottomley,
I would like to express how disappointed i am along with many other shareholders high stake retail shareholders. SCHB2 drilled started on June 19th we was told it was going to be 25 day drill + 12 days for testing = 37 days.
Delays can be expected its normal, my concern is why you didnt carry out 12 day testing straight after, you guys didnt even have the audacity to state in rns on 18th of Aug that there will be no 12 day testing, you kept us retail investors believing 12 day testing was still on, in that rns on 18th of Aug you said we will be going in production within a month, yet you havent even cleaned the well in almost 4 weeks since. Like i have said delays us investors can live with, but being mislead is unforgivable. Now many on social media are saying you have ran out of funds and that you will be doing a fund raise, i normally dont care what is said on social media or what rumours are spread but in this instance the way the Bod has acted ( dishonestly ) it seems like something is going on in the background, you guys have been saying we will be self-funded in many interviews/rns's i hope you stick by this and dont go and backstab loyal shareholders again and do discounted placing, if you do i believe this will kill this share trust will be lost and then no matter how good beacon energy becomes in the future you will have lost many decent high stake retail investors for good which might mean beacon energy never recovers to its full potential on shareprice front, faith in bod will have been lost forever, i will be one of those who will desert beacon energy for good.
You could have easily stated in last rns that we are fully funded until full production starts in few weeks time, you could still easily put a tweet out stating we are fully funded, atleast this way all doubts will be squashed and retail investors will stop panicking if you dont let us know then that will only mean drift in shareprice as many leave with doubts in their heads.
If nothing else i genuinely hope you reply to this email and lay my concerns to rest.
Thank you "
even though i had my doubts i was hoping in back of my mind..i get an email back from larry rubbishing these claims re-placing/funds..which never came ( red flag )
Going fwd i think this is a GREAT opportunity/company at current levels
BUT question is can the Bod be trusts
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