If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
Chris. Oh my you can’t be serious.
1. The oil price is in the tank and sentiment is low
2. The world is shut down with the Covid,
3. The investment community are still working from home.
4. The BOD have not given any indication of a pending deal.
That is why the price hasn’t moved. No assets, no plan, no money, no economy.
FB
Video is a sham. The felon and his lady. Don’t post anything from this mob. Ever.
No question the new mob have control of the board, but who really cares. It is obvious from their presentation that they want us to think they have been working and have targets. I don’t buy that spin
The oil price has cratered and no asset they can find to make money at these levels. They will meander along, have an update or two giving false hopes to investors. Then raise working capital with another spin. And they will wait for the oil price to rebound. Let’s have the same discussion this time next year
Doubles comment in rinse and repeat is spot on. DDSS.
Double.
Don’t keep us in suspense. What are you referring to? FB.
Interesting presentation. Looks to me they have to get $150 m for capes that doesn’t include the acquisition costs. That is a huge amount of money to raise in a market that has dried up. COS of there plan less than zero. Sorry all, I have seen this type of presentation before. The project pipeline is more of s pipe dream.
Hi Double. Bit has been sometime since you posted. How are you coping? The world has changed in a blink of an eye. It is so weird. At these prices virtually nothing is commercial. The shale industry in the US is so debt ridden it may not survive, which IMHO is not a bad thing as they have produced in typical US fashion , out of control and everyone out only for themselves.
The irony of all this is that 80+% of what we consume or use on a daily basis is directly linked to fossil fuels. Can’t live with it and can’t live without it.
Go figure. FB
Have a look at Coro Energy as an indicator of how difficult the sector is now. James Menzies is a sharp fellow, built a successful company and his share price is down 400% over the last few months.
Jury is out on the new mgmt team as they have given us a glimpse of the new strategy. No shortage of assets now. The problem is raising funds to acquire as the capital market is dead like disco. Time will tell FB
Share. Wondering if your chats with them was before the price meltdown. If it was then I can accept your views, if it was after the crash then I would questions the mgmt. suspect it was before. The low oil price is going to hang around for longer then we think. A lot longer. FB
Yes of course. Each investor makes their own decisions. This is not the time for hype or pumping as the external factors are so material in any informed decision. I wanted the rest of the board to understand that regardless of how confident you may be of this mgmt team, there is so much that is outside of their control.
You guys are dreaming The share price is down, the oil price is in the tank, huge number of lay offs happening. There is nothing that is going to happen in this stock in a year
Appreciate your optimism, we all need that. The practicality of the situation is that the oil price has crashed and regardless of what slide rule they use, there is not a project that will meet the commercial test. They have bills to pay and are paying themselves a bit so the 500k won’t last as long as you may expect.
I suspect a number of AIM companies will be at risk of FCA closing them down as they will be trading while insolvent. This of course is the Armageddon scenario but becoming more realistic these days.
Hello to all. Figure we are all hunkering down and doing what we are told, boring for sure. Have been given a long list of to do items that have been ignored for years. How about you all?
Could not be worse timing for the new mgmt of the company. Oil price has crashed, those goofy Saudi’s picked the worst time or the best time to create a supply glut. Arrogant crew.
No asset deals to be closed and now way to raise fresh capital. This is the perfect storm of bad timing. This is not going to recover soon nor is it going to bounce back as that idiot Trump has been suggesting. Hard to find a ray of sunshine in all this except that we are healthy at this end. Hope the same goes for you all.
FB
Hello to the LSE family. I hope you are all coping well. Being safe and sensible. It is our new paradigm for a while. Thank god we have Netflix for binge watching.
I have noticed that everyone I pass, at a social distance of course, looks at me as if I am a threat. That is so sad so have adored a new policy SAE. Smile At Everyone. Give it a try, the responses are amazing.
FB
Unfortunately it will take a couple of years. They won’t be able to bring any assets to the table before the end of the year. Money has run to the hills for protection. The old ADL experienced the same think in 2015 when the oil crashed killing all their acquisition projects. They never recovered.
Hold on to that dream and a dream it is. The virus has hit the demand side and the bun fight between the Russians and then Saudis impact the supply side. This is the perfect storm for a massive clusterf&$k. Demand may come back but not so quickly as the virus worries will continue to make people ultra cautious. And who knows what is going to happen on the supply side. If the price stays down for 6 months the shale oil industry will go under as they have been spending money like drunken sailors on drilling wells but have been doing it in massive debt. FB
Sorry I am not buying it. BRENT is less than $30. The lowest it has been in a decade. No one is thinking oil and gas. You are living in La La land. FB
Share. The down turn in oil price and the virus serious issues, guarantee there are no investor meetings, no roadshows and no new strategy. Everyone is hunkered down waiting for the sun to shine and it most likely won’t for another 6 months. Don’t expect any news for months. FB
Not enough cash in the bank to buy anything of value even at today’s oil price. It is what ADL did when they farmed into the North Sea, attempt to chase the market. FN
Well friends. Here we go again. Largest one day drop in oil price since 1991. What a kick in the sack for the new team and investors. The oil demand is hit by the terrible virus and the Saudis and Putin get in a bun fight over supply and the real culprit is the US shale oil. This is complicated and serious. Barren down the hatches , this is not going to resolve itself quickly. Months if not years. Ouch. FB