RE: Cattlemen denied the sole use of the term meat?21 Sep 2021 15:14
A large chunk of the placing shares seemingly churned, brakes are slowly coming off here. Could be the most prolific growth sector of a generation - let’s hope Mellon has backed the right horses with the war chest and ANIC could be early retirement material. If this was listed in the US it would already be worth billions in my opinion.
This leaked placing debacle literally happens every single time with UJO, dodgy as they come. WN is clearly a duster otherwise there wouldn’t be a raise taking place at these levels if they had any confidence…
No cash raise for the rest of the year? Tick H2 revenues set to increase massively? Tick Extremely comfortable with £10m guidance? Tick Massive scale up of STC with Tier 1 partner? Tick Targeting Q4 tie up with China Resources? Tick
RE: Jesus Mary Joseph and the wee donkey15 Sep 2021 15:02
Very impressed with Gerry’s explanations in the presentation - the top and bottom of it is… they are building a great company and all the whiney moaners speculating about sellers can take a long walk off a short plank. Respect!
Now I see why this has been valued so low, the Egypt assets are garbage. They will never grow into a mid cap company when the largest wells are swimming in water and the Egyptian government take over 50% of the revenues. Seemingly nobody was aware of the water cut increasing until now though…. Lol
RE: There is clearly a surprise with the drill27 Aug 2021 11:58
Unfortunately the writing was on the wall after the last ‘placeholder’ RNS. Nothing but oily sludge, no meaningful figures, I recall a similar situation at IW2 for 88E. S&S comms have left a lot to be desired throughout the entire WN debacle. Also wonder whatever happened to the fantasy NPVs in Cali, the enormous Grizzly island well which disappeared, the above expectation appraisal at Parta, the ‘discovery’ at Colter. The list is endless - Oil man Jim called this from the outset.
It’s almost as if the market is realising that a circa £250m mcap is too high for a company with zero income, zero proven reserves and not enough cash remaining to drill another well without a substantial placing.