Yep your post pretty much sums it up. No way out of this now possible rise to 6p ish may be on cards with some nice rumours but I’d get out now before the big boys start selling heavily
Join Morgan will be a bit more nervy now but if agreement had been made it’s still legally in place but meaningless as they can’t get the 500 mil required from any source at all this is nit good as these boys who lend that sort of money do actually kniw what they are doing and if they won’t lend at any cost then there’s a problem with the company plan and forecasts
Oh dear double yiu really are missing so many issues in your post. It went to 2p on open because that’s all anyone would pay , a few have gambled and bought in at sub 5p but this will erode once shorters appear and bigger investors sell once they’ve established a reasonable exit price . The company cannot get funding it’s not an if or a maybe they cannot get it , This won’t change in 6 months that’s fir sure so they will run out of money , likely scenario then is a sale to BHP or similar miner at about 3 to 5p , bankruptcy, or a dilution at a ludicrous price probably sub 2p , or some kind of lash up of financing via warrants, bonds, dilution etc all of which mean SP of sub 5p . This will only give them another 6 months operating funds and then what? Added to this is falling demand for fertiliser, no proven price of product, an untried product in large scale farming, brexit, currency problems, etc. I’m afraid chances of sxx getting this finished have gone. BOD just prolonging things to keep them andcemployees in a job fir as long as possible
Oh please invest the 90k so I can laugh my pants off when it gets sold for 3p a share to BHP or similar
I would panic. It’s a bloody disaster no hope of sp ever going above 10p ever again. Will be sold fir 3p a share . Government will never help as totally against its principles of private finance didn’t even help carillon and they had government contracts ffs. Stop dreaming and sell and move on
Iis and mm picked up huge chunks at. Sub 3p. These will be sold back into
Market later today or tomorrow and so will plummet again before stabilising please don’t caught by this as it happens every time a share drops like this one
Too advanced fir government to to help. Lol. Like they helped Carrollion and I Interserve. They will not help it’s down to private companies
I’ve never seen such flapping and nonsense on a BB like last few days on here. It’s hilarious . All these experts on Lombard and COS and oil drilling and talks to the BOD etc. And yet none seemed to have seen the SP halving. Any new investors please don’t take any notice of anything on here it’s 90% rubbish by bored stupid people with about 500 quid invested at most
Why do some of you waste time working out and worrying about cos % and all these other parameters of drills . You lot must have wasted thousands of hours doing it for first drill as well and look what happened there . Time to do it is once they have done drill. Just relax I lace your bets and wait or don’t bet and invest elsewhere ,
I’m out after initially thinking this is just appraisal and we have more drills to come the finance side is too risky I can see dilution etc coming to finance more drills . Hope I’m wrong am keeping couple grand just in case it ever multi bags but this share isn’t worth the stress anymore I ve just lost faith in the BOD