RE: RNS11 Nov 2025 12:58
exactly stas.
it'a also why i was crusading against a raise being done at these levels, and if pursued by calamity baay, then we should call an egm. instead we get even more bad news - 11p raise with more cash being required just to finish casc 4/5, central and buy the processor, casc 4 busted with timings to 2026 (with no timeframe given), casc 5 further slippage, debt up, and the 'legal' actions being written off. i probably even missed something here. all facts. and most recent disappointments.
and amongst it all, we have john27, who is the most influential poster on discord stating that he'll only hold calamity baay to account if he f@cks casc 5, delays central spud to december 31st, and doesn't even want to include central and casc 4 flow-rates. literally will send his 'first class letter' if his mate baay busts the company.
johno, think about the post you put here afre your chat with baay on the possibility of a raise, just days before he announced it. you spoke of non-dilutive options still being considered (but not confident), ii involvement, and if there's a raise you believe it will be in december post casc 5 and central spud.
instead we get 11p, for more than the funding gap, largely under-written by a group that appear to be more like loan shark with interests in some of the dodgiest parts of africa. oh, and he even let the fox in the henhouse by giving them a seat on the board.
but yeah, let's look forward and forgive him for even these most recent lies and deceptions. the sp is 11p. and we still don't have a date for casc 5, but as folks have pointed out, if calamity baay is true to form, he'll try to bury any bad news in a longer rns, but also make some statement around 'we've choked back flow-rates for optimisation' and 'the compressor in q2 will make a huge difference'. more promises, and likely more b@ll****.
if casc 5 is disappointing, central spud is pushed to december, and there are more dog ate my homework excuses, then we need to band together. even if unsuccessful, i want the pr!ck shamed and the board made aware of the complete lack of value that he provides.
so has lyin paul committed to a date for q3 and casc 5 results? or do we need to wait another few weeks for them as well?