Member Info for Ddraig

07.40 - can always be worse. 88e have been partnering in a drill in Namibia, exploration drill and that’s been ongoing since July! There CEO you rarely see doing any form of public presentations from one year to the next….you get an RNS and PowerPoint presentation when they are raising funds…that’s about it

Always a bigger fish out there

Depends if that’s a hedge or outright position.

Either way…everyone can only focus on their own strategy and position…keeps you sane 😁

18.52 not sure all those options are likely/preferred.

Think you’re also missing those numbers are to self sustainability with the lower taking into consideration the gas (which if dry and low CO2) can be compressed and sold with limited/no processing so they should have some oil, NLGs and gas income to offset.

Best option is project finance ie debt, that’s likely achievable and cheaper than equity in my experience. I hope that’s their first option

12.10 bit selective on the dilution numbers. If they get good flow rates then you may need to balance your equation with the fact we’ll have proven productivity of the field.

Suggest that outweighs the dilution of the last 3 years…but might be wrong

11.18. You also asking the BBC for an unbiased opinion 😁

13.57 - no idea who was in the other side of the 200k sells…and neither do you, unless you have something that confirms that

12.32…of course…longs who believe good results in the medium to long term future will remain, shorts maybe be negative or they are short to hedge a position and if happy will also hold their position.

Day to day the share price is just a data point of what buyers and selling an are happy to move stock between themselves.

Far too much conversation in this. Each day is merely a guessing. Pick your position, hold, don’t hold, buy, sell…makes no odds to most.

If good news lands the price will move considerably higher with greater buys and some of those will then sell quite quickly and pocket a quick profit…many strategies and targets available…again none of which I can control or indeed care about

12.19….to be clear, the RNS has done nothing to help shorts close out if they so choose…the only thing that has allowed that is a share price decrease and that is substantially caused by buying and selling volumes…ie market activity. More people have decided to sell and willing to accept lower prices and if that how they’ve interpreted the RNS then that’s their prerogative.

12.03

It sure how a lip service but not negative RNS helps shorts close? If you’re short and you want to close that equals buying pressure…not the case here

07.23

Agreed, this prospect has been vertically flowed in 3 wells, megrez was the first attempt, didn’t work, move on and focus on known flowing targets

Hopefully this will calm the ‘update brigade’, nothing wrong, process progressing as expected…good things come to those who are patient

Not sure this is productive for anyone

16.18 :-)

I hear you

Always makes me a bit jittery given past experience when the market dips 5% for limited reasons…I know hope there isn’t an RNS tomorrow ;-)

But I remain confident it doesn’t mean anything this time and just the pre news ebb and flow

15.20 - I read that as aligned.

Board communicates to the market (of which shareholders are part of that) when it’s a reg requirement / it’s in the interests of the company (of which shareholders are a stakeholder)

I understand the thoughts but the facts are the board ultimately have a responsibility to the company and then the exchanges…mostly signed to the shareholders but not when they could conflict (ie early news that with further testing drives a change in original message)

Shareholders

The board doesn’t work for the shareholders….shareholders have the power to invest or divest…not god given right to information flow on their terms

Exactly…theoretically it could be end of dec but doubt gheyll be nothing till then…can you imagine the board ;-)

14.12 - read the previous RNS, states 30-90 days.

This isn’t just a flow test it’s a product test so not just about getting a flow rate, there’s also decline metrics to assess….takes longer in my understanding.

What will be will be. Whether good or bad the company has to ensure whatever information is put out is accurate.

Seen it before with oilers, great RNS is issued only to be reversed out when they have a more data….that doesn’t help anyone.

Leave them to it…as long as they have got it right I’m not worried whether it’s tomorrow or in a month