RE: Sp6 Nov 2025 22:03
ss, i'm glad you've come around to what i've been saying, and not the way i've been saying it.
dbh, you and others need to stop talking about dd being done by new investors at historical lows. it means absolutely nothing to lths with averages in the 20's, 30's and 40's, even after they have averaged down, like me. of course, the new investors would have done it. and they would have been laughing their @sses off at calamity baay coming to them with a begging bowl to pay for all his f@ck ups and conning the market, which is how they have not only picked up 20% of the company for peanuts, but he has even thrown in a ned role just to make sure they'll give him the cash. all done 2.5 months early, before casc 5 and central spud. the dd has been done by them to ensure they more than double their money in 2 years when the pricing contracts change, whilst lth's will still be waiting to break even or get out with a loss in the mid 20's. why the hell should people 'look forward' and let the charlatan off the hook? i want the pr!ck crucified for what he has done. and we're still not out of the woods as casc 5 flowing at a good rate is the only well that has a better than even chance of giving us a good result. casc 4 is f@cked. he just isn't saying it because he's a d@dgy b@ll****artist. the fact they're still working on it, and he hasn't committed to a hook-up date, says everything you need to know if you assume he is full of ****. and then central success relies on a circus full of clowns finishing a well and hitting economical gas in an area where shell didn't bother drilling all these years. these guys are meant to know casc and have made a mess of things. they have even drilled a well for gas and hit oil. so i'm not holding my breath on them discovering anything at central.
calamity baay has cost us 2 x wells in fees alone on the failed trin deal, failed raise with d@dgy brothers, debenture @ 16p conversion, and new raise at 11p. absolutely extraordinary when you combine that with $7-8m on casc 4 (f@cked up twice) with costs still climbing. and worse still, the raise + casc 4 f@ck ups meant that we couldn't afford to fix or drill any more wells, so the real cost needs to include all the lost production from 3 wells not flowing from q1 to q3. just think about that. the real costs in casc 4 f@ck ups, fees, and lost production, and you're getting to $25-30m. all completely wasted due to the extraordinary incompetence and deceit of one man. instead, we have central, alongside a **** ton more shares at 11p, 16p, 20.5p and $65m in debt.
this is why he needs to be held to account for everything moving forward being on time and target. if casc 5, casc 4 and central are all a success, then great, we can 'all look forward'. but if just two of them are late and/or poor, then he needs to go, and someone competent needs to take his place.