RE: RE: Looking forward16 Dec 2020 13:55
Challenge me as to whether I'm invested here tells us more about you than me. I'm a LTH who's averaged down to hold a decent chunk of shares. I do think things will turn here, and that's why I'm here. But I don't believe in the excitable stuff oozing out of the posts.
We haven't completed the bond restructuring I don't think. I'm hopeful of that - but someone correct me if I'm wrong. Our VAT streamlining is good in theory - but I want to see material amounts returned. The actual amount returned that they quoted in an earlier RNS (I think RNS) was insignificant relative to the large amount we are expecting. Campo Limite information has been sparse, but that's how this company has behaved with every turkey/duster it drilled and tested for the last few years.
Volume may be up, and if it's up for a month or 2 from here, then I'd say great, let's start trying to apply our algorithmic analysis of the trading patterns that allow us to get excited about a 4% rise even when it's within the spread. That being said, if the volume is up for that period, the spread would have narrowed.
Martin Hull has a lot of work still to do to build credibility in company management. He can start by showing he is committed and believes in the company by buying a truckload of shares. Real, personal money at risk would make me sit up. Oh...and video footage of them burning the painting of Fiona that was commissioned post one of their prior fund raises.