Only so all information was released in one go for read and digest, as I said this morning good news with regards to PSC or JV would be needed alongside those results. As it happens some has now been released this afternoon, it gives me a much better feeling than the one I had this morning. Not that it was a bad feeling but more of a cautious one. Again I tried to point that out many times but because I wasn't all bells and whistles still got shot down.
I won't be fully satisfied until everything is signed sealed and in place and the well is drilled and producing. That is why reevaluating positions in stocks keeps you making money. I want this company to do as well as most other people on this board, I genuinely want every single person on here to make money from this stock, just constantly re evaluate where you're at and what you want from it.
All the best
That RNS is the reassuring piece of news that would have been beneficial to release this morning. Still a long way to go and be cautious but a derisking RNS nonetheless.
It's still only finalizing an application but another step closer to what we all hope will be a JV and PSC announcement in our favour.
That JV that we may or may not get. That's all I'm pointing out. No muddying the waters here, merely pointing out it isn't a sure thing as many are hoping people seem to think it's nailed on and it might be, but it might not.
Can't say anymore times that I hope this company gets what we want it to get. But as usual on this site anything other than rainbow spectacles and you get bashed for your view. I am positive about this company apart from one aspect and it could be a big one, then again it might not.
Who knows we live and hope
that's because it is a negative, can only raise so many times before shareholders get ****ed off.
don't get me wrong there are plenty positives and they out weigh the negatives by far.
just some people on here have a one track mind. it's healthy to question your investment at times
I'm not here for an argument, and quite Frankly don't care what your opinions of my opinions are. Most O&G companies aren't at risk of running out of money in the Next 12 months (not the good ones anyway, forget your HE1 ukogs boil etc etc). That's what the auditor is worried about and that's what I have half an eye on. That is why my exit strategy has been adjusted after these results etc.. All this company has at the minute is potential, that is why we are all here. My first purchase was 0.45 and I am happy where the company is heading, the potential is why I'm still here, but there is always a But.
We will see what the market think with regards to wether my worry about the finances is correct or not when we relist after suspension. In the time being let's hope for some good news on PSC or JV it is needed.
Only having enough money for another 12 months, either we win PSC/other contracts or it's another fund raise or go out of business. The burn rate of money is only going to get higher and higher. Whilst we are well positioned into Sarawak it seems to me like all the eggs are going into one basket, whilst they must have a certain degree of confidence to do so again it is healthy to keep one eye on the what if.
My view is the market won't like these results and we need something like a PSC announcement to keep the share price heading in the right direction otherwise it will have a considerable pull back.
Like I said I am hopeful this company have the confidence to succeed in the PSC and drill. Getting a hotel agreement on a drill is a good sign but until that contract is signed sealed and delivered anything can happen
I wouldn't call it negative I would call it realistic. It clearly states from the auditor the perils they face. I like most of you on here hope the next few months have significant good news, but it is also healthy to have half an eye on the WHAT IF, Which a select few on here seem to do. They are blinkered with hope and gold buckets. I hope there are plenty of gold buckets at the end of the rainbow.
Copperpot think what you like of my views, deft or daft but they are just that. Mine. I wish you all the best and that we both make plenty of money in this share. Stick to your plan and I will stick to mine.
You haven't read the financial report then? It doesn't make good reading but there is potential there once the II fund raise is complete. Just need a big 12months otherwise they could be out of business is what I took from that. Fingers crossed for PSC I'm guessing the market will struggle to like those results
If it gets valued at £1bn wouldn't that make the share price around 80-90pence? Personally can't see the share price ever getting above 50p but you never know. I know what my exit target is and based on potential it's still a fair way away.