Member Info for danawinner

for this one!

I don't think that there was anything contentious, just the good news about Wressle. Very puzzling to me.

How peculiar, all posts prior to last Wednesday seem to have 'gone missing'. Oh dear, we'll just have to reconfirm . Last ditch attempt, imho to rescue the Company is an Alaskan prospect, after losing our cash on dry drilling. We aren't drilling ours, we are watching the one next door, to see if it's any good. They are waiting for one or two consents. The Board issue regular up-beat RNS's to keep us all cheerful for a bit. Lost a lot of money on this one, sadly. A rebrand won't change anything. imho

Yes, but it does seem strange that Afren has had 60 million shares traded and 1,000 posts on its Board, whereas Seplat is like a morgue. Weird.

OK so, one share trade today and nothing on here. Seems a little strange.

Interesting investment strategy - let's see if we can get 100% of a big stream of losses.

like a ball bounces down a flight of stairs. Same as Afren.

call in the receivers? Or will they hope that Brent will recover to the point where Athena breaks even or possibly starts to make a small profit? Either way, there is still a pretty high rate of cash burn, and as I am no longer a Shareholder, I no longer have a right to view/inspect the Directors' Contracts at the Registered Office. I would guess that they are subject to a six month notice period and as these are treated as wages, in the event of a liquidation, these payments would rank very high on the priority list, together with other staff salaries. On that basis, I think that the future is very short-lived, but that is only my opinion. The direction of the Share Price is a much better indication of the future of the Company, IMO DYOR

Thanks Tenacious, I've never shorted a stock in my life, but this is very tempting. Correct me if I'm wrong, but I believe that if the Company goes under, you never have to repay the stock - is this correct?

mine's a Noilly Prat. Is that an anagram?

to get a short contract on this one, can anyone help please?

Bid/offer spread will munch any potential profit.

A punt is no good in choppy seas, you will need a Lifeboat.

We used to be the only posters on here. Having been a long-term investor in Parkmead I researched Athena like you wouldn't believe. Which is why I sold both. Parkmead will rise later in the year. Trap may last 6 months, depending on the point where the BoD decide that the company is no longer trading whilst insolvent to Wrongful Trading. Depends heavily on the price of Brent crude and at which point the Auditors cry foul. GLA

So glad I sold these at 1.9p a fortnight ago and bought Afren at 6pence.

would make interesting reading. If Trap were to be liquidated I imagine that all the cash would be soaked up by payouts, and these would have first call imo.

I believe that the average will be zero once the cash is all wasted.

Let's hope that you are right. It's a year since you posted this on the RDSA BBoard. There was another post in November 14. I suppose that reflects the excitement of a share like Shell.

No new news

and much more to come. GLA