RE: Wonder if there's a dismayed bell?30 Oct 2018 19:03
So it is possible a 10p placing is coming as it feels like the cap is going around the city seeing the best price the bucket shops will offer. May be the odd MM knows and refusing to accept sells like they have done for months. My buy in price I have several options but will set once the funding RNS is announced but considerably much much lower than here. I have been consistent with my views and to date, clearly better than many currently invested or they would have sold ages ago.
HD keeps going on about 2019 revenue when I have pointed out the cash will run out this year before Christmas. They do not have enough cash for working capital this year to progress their projects and cover their administrative expenses. Yes he doesn’t agree - that’s fine but if the placing comes, he will be looking silly and so will those that follow his advice.
On top of that, £100k revenue so far has already been lost in ED. The next 6 wells which in theory was $600k for the first month, has already been reduced to $570k due to the drop in wti. Can see this being around $500k as I see wti possibly going to $55 if it breaks $63 by the time production starts.
Yes many laugh about my charts but they give you an idea what can happen, nothing is written in stone and timing is impossible to point out. Now my support level at 17.3p acted as support, then it bounced off my next support at 14p and see where it goes next?
I feel like a fundraise will happen, yes I am the only one as 95+% think it will not, especially the odd few messiahs here that many seem to worship and any views against the majority are tried to push off this board with misusing LSEs posting regulations. But as you all know, I have thick skin. But pleased a few message me directly and a few agree in full but mostly partly.
I have pointed out the multiple red faces I expect to see here but there currently is no egg of my face yet. Time will tell.
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