RR3 Aug 2018 22:39
I applaud your enthusiasm for this company and share, to be as positive as you are day after day with a declining SP is worthy of a shout out!
I too was very positive up until a couple of months ago, the SP declining told us all was not well at UD2 but I think most thought it was a banker, me included for a time. I could of sold out yes at a small loss, but didn’t.. more in hope that my gut feeling was wrong, well we know the rest there. I still hold all my shares and have topped up on occasion to lower my average. The trouble is we are in that same situation now with T45 and Dino. We still have no flow rates for them and now the company are beating the drum about great success at zone 19 T39, well why have they gone after zone 19? Have 14 & 15 declined substantial at T45 & Dino? The SP again appears to be telling us so! I hope the market is wrong and Zaza issues a stonking RNS on flows for the 2. If not and now Zone 19 is going to be our saviour then Zaza will need to back that up with a work program for 2019 that includes non dilutive funding, certainly to move the SP in a northerly direction. I have put these in the bottom drawer and feel much better for it, I am of on hols for a couple of weeks now and hope to return to a much better looking SP but if not then so be it, I have already made my decision to sell when I return. The world is big and time is short, I wish you all the very best