Member Info for Dan1605

There is not a single LT investor who isn't down by multiples Snip, we can all share the pain on that one. I can't and won't ever defend previous management for the position they've put us in, they've absolutely milked this over the years. The thought of David Tang still being on the board would probably see me doing a stretch if I thought about it too long but he's going nowhere so we have to live with it if we want to hang to see a return. The new boys have shown what can be done when you have a full time, committed team, they've managed to do what AH failed to do within 3 months, that's another subject. The next step is finding commercial gold, nothing less.

The word missing from my post was "significant" hit., so we're talking circa 13% (i'll round it down and give you the 0.5).

The cost of the rig was $400k or approx £320k - so no, they didn't take a hit.

"I am on fire with this share!! Lol Snip! Is that why you sold at a heavy loss, a shame you didn't have the same hindsight back then, eh?

Lol you took the bait there Notrex old chap... like a greedy Perch. Have a good day.

Something you eat, like sour grapes.

PMSL Tamer....

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Come on Notrex, you've sold out again hoping to buy back cheaper haven't you lol? Caught, yet again like a rat in a trap.

Two posts in one week...you'll give yourself heartburn.

" I at least can respect people for sticking with their views" BS, you only respect those peddling your narrative.

"you on the other hand support whatever teams are on the up" - But this stock only goes down?

"This is a bad investment, full stop." Yet here you are allegedly still holding, after 10 years.

"he truth is though you are lost, have no idea what's going on, and no idea what's going to happen" - I know that you'll be back on here next week with your one post before scurrying off with your tail between your legs.

good evening snip,

consistent as ever with your meaningless weekly post. at the end of the day, you hit the buy button, you hit the sell button and you lost money. ****ging off the company and try to convince us all what a bad investment this is won't get you that money back.

"been here, done that, lost a lot" - is this you trying to reassure us that you know what you're talking about?

Have you been on the Sherry Neil? 1p? Not a chance, the BOD need the mcap to increase and at 1p this would never recover. The Chairman has deep pockets and has the ability to fund this alone, not that he will. Between 1.5 - 1.7 is my guess.

They've made a mess of this and it's looking deliberate. They suspend on ASX but leave AIM to run knowing it will crash the price. The only saving grace here now will be the Chairman putting his hand in his pocket.

A good summary TS! I think there are a couple on here that were looking to trade this and buy back at 0.20, unfortunately it's not worked out. The MM are happy to collect shares at 0.22 and flog them back to the market at 0.23/0.24.

I'm not suggesting it is Notrex however it is 25% higher than what was being touted not so long ago.

They also said the sp would be back at 0.175.

It just needs buyer and it will move, these MM are sat on the Ask with less than 2k's worth of stock.

Peel and Berenberg clearly have a lot of stock to shift here. The company need to come and out and clarify funding plans.

RC I believe Tamer.

I agree with the contingency Notrex, generally companies will don't like any less than 3 months worth of working capital however i'm sure our sticky hands will be more than willing to throw in more cash when the time comes and so in theory they could put this a little further. I don't know how much the drill in VIC is costing, would anybody like to guess?

I don't recall them ever stating that only one campaign can be funded, unless I missed it. The fact is we can only guess how much cash they have left (500-600k is my guess) and we can only guess how much it will cost to drill VIC. Cash burn has been 80-80k per month for the last few years that has now been reduced. Another positive is that a pick up in activity should increase the chances of leasing that rig and IF this can cover the majority of the monthly cash burn (it has been stated before) we are laughing. I'm not expecting any fireworks just yet but progress is good so far.