RE: Arthur Millholland - Infamous quote19 Sep 2023 13:19
So true fatsuperman….. re the issuing of shares at a higher share price, from my experience this often happens on the back of hype and directors selling shares on the spikes….
They then seem to squander the extra cash raised, which is never enough! then the shareholders get a reality Check for the finance needed, or farm in and not so great terms provided due to the unproven resources…. Even when they have good P1’s and 2’s This then often leads to the mass sell out and the company unable to raise money leading to parasite bondholder lending..! Which as in hurricane case virtually broke the company! And excite took it due to lack of farm in or financing on a billion barrel reserve ….so l would put there chances of going to full production at 20 to 30% it’s a very long road to travel and possibly 2/3 years before any results…. Too many so called investors can’t be bothered to wait that long six month is a lifetime for the I want it all now and on a plate brigade! God it makes us look good! Just need the market to catch on which it will :) I’m excited for events over the next 6 months… Things can only get better…