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Having a large holding here makes sense here NOW at this point in time (thou last three years have been turbulent to say the least) with six wells coming online and the their 50% success in drilling, the FTSE 250 not a distant reality and 200 other sites to drill. For me the share is stable to keep adding and Kraken being the monster it could be, than even the offshore wells as hinted by XM. If this was to happen, then trying to buy this share in quantity, impossible.
Under, no, drowning yes.
John is right it was a UT trade. I believe Trek picked up the point and trade yesterday, but not shown here or deleted or on Discord. UT have a habit of misleading trading prices on opening and closing.
Cannot show post as LSE on computer as DIscord on phone. I hope this helps Aligator, we are all here to learn.
In that YouTube video you can see and hear he is reluctant to give any formation or even speculate or hint at what they have or found, other than minimal basic information. Deffo not the man who started this journey. It would appear that management relise the damage caused to the share price, so we go from best thing sliced sliced bread to nothing. The rest is down to the shareholders to speculate or extrapolate what we have or have not. At least shareholders have Discord to put a sense of reasoning to information obtained or deduced.
Without JM and Dicord share would probably be more lost.
so how many investors did he pull in, fxck all.
every time he opens his gob, **** happens. any investor with spare money gone to safe havens.
so much going on and changes, put the news to the market to show what we have. seven directors on this board and still in destruction mode.
New investors, he can,t even keep the ones he has got. Two bloody trades, so he may get three after his speech.
Tell me this is making sense and why new investors, we are not explorers any more but producers, the company is self supportive with a wall of cash. What are these fxcking morons doing.
The market wants to believe, we can see it, yet it would appear management want the opposite.
Talk about feeking things up with bad RNs or badley timed one,s. Now we have no RN,s and a question/answer session later. I assume he will talk about the weather because he can't talk about fxck all else. Beyond stupidity.
Well Canada liked the news, not,!!!!!.
RNs ass about face, tell about why production not meeting expectations, what happened to the 500 boe being tanked from Royston 1???. Increasing the credit line should have been the last bit of news to match forward investment on capital expenditure for increased production.
CW two third of the country are herders but the entertainment value is in the posts. I know 10k boe did not inspire the market in the other share but it will need more than that here to get beyond one well here, will keep watching.
Just putting an idea into the melting pot. Before when news leaked out Canada roughly rows 15%?, then we had 35% last night, maybe something special. Could it be Royston for the following reason, on drilling Royston had a high pressures but never flowed well due to porosity of the rock. But with the addition of a pump the result has exceeded the initial 1K boe that was expected and additional 10 wells being considered. Just a daft idea or not.