Member Info for Hailstorm

Has to be the CLN conversion, friday after hours. Been working it all week.

with the added of Alumni having a short in!

Has to be another CLN conversation on route, no other reason for it to be dropping so hard

Nail on the head, stance suddenly changed. Why would he not have said earlier with all his ‘inside’ knowledge?

RE: FinanceToday 15:29

You posted this , September 28th

“ Separately and not from conference - I understand DD is ongoing with a few parties re a farmnout. I’ve made my views clear on this in that they would likely be keft with 10-15pc. However I also understand that a farmnout on similar terms couples with an interest bearing loan note with the state oil company to be repaid post appraisal on a refinancing is also a possibility.”

Can I just ask you Eddie when do we have your permission to run out of patience? as all I’ve been told is to have patience since Aug while awaiting a drill date.

That’s not all start spouting how long we’ve been here as I’ve been here many a year like most. But it is getting a bit tedious when we’re told one thing another happens.

Enjoy your day

Leaving it to the last possible minute again!

It’s worse than failure, it’s blatant lying!

Pushing it to the absolute limit with the 10m MCap conversation clause.

10m MCap at current share levels is 0.0349.

Ian you are correct AB doesn’t have any director buys in SNDA……….

It would be like me stating the fact SNDA has never done a placing.

Finance is approved, rig booked and a drill date should see us around the 50m MCAP surely….?

Probably not, my opinion is that the financiers are stalling for shares so they can reduce exposure on the drill.

AB will post an RNS at the very last minute stating drill has been pushed back to Q3/Q4 or even Q1 2026 with the excuse about the complexity of the deal, others over running drill time slots or regional politics.

The faithful will back will him with the usual one liners. But in reality all AB has provided shareholders since being appointed is a near 60% drop in the share price.

So ‘if’ the finance agreement isn’t dependent on the GS study ( as stated by AB) we should have it before the study is finalised.

My opinion is the finance is now dependant on the GS study but AB can’t state that for obvious reasons.

Filthy is the finance agreement dependent on the GS study?

Straight question with a yes or no answer…..

When you see a company going in the same direction, doing the same things and giving the same reasons why they haven’t met their targets, PI’s will start to assume said company is going down the same path as others before them.

Everyone is entitled to their opinion, just because it doesn’t match the glass half full that many have doesn't mean it’s a bash.

Many are understandably worried that this could end up not the way AB has been alluding to.

Fear of losing makes you either bury your head or start to face facts!

AB has stated that finance isn’t tied to the GS study, he has either lied or something has stalled the process that he’s not willing to convey.

If he has lied, he’s that same as every other AIM CEO, if it’s something else it has to be something big as he’s not forthcoming with it.

Months ago many on here were calling for patience’s, I think it’s starting to wear thin.

It isn’t damned, if you do damned if you don’t, it’s about managing expectations! He stated that funding is not dependent on GS Yeah, it’s clearly looking that way. Some have stated he’s extended because he wants a good deal, regardless he has a deadline of June .

I just hope this isn’t going the way of other companies have with having to apply for an extension and then go down the CLN route for funding!!

“Whilst there is no certainty of any of the discussions reaching a completed transaction, the level of interest is encouraging, and the Board are confident that there will be no impediment to drilling the Chuditch well on the planned schedule.” (RNS 28th May 2024)

Finance and drilling go hand in hand without one the other won’t happen.

Planned drill schedule is Q1 2025 so we are 3 months away from when they planned to drill with no finance in place to pay for or book the drill.

“The schedule of activities planned by other operators for the target rig means that the Company now believes the most likely commencement date for drilling operations is Q1 2025 rather than late 2024 as previously indicated.“ (RNS 28th May 2024)

So as I’ve said previously they expected to have the finance completed by end of Q2 2024, it’s slipped, by a full quarter now, which is going to cause the market to speculate that the drill will slip.

This is what’s causing PI frustration to which they just get told to be ‘patient’

Always the wise cracks, simple minds taking it literally! next your’ll be saying I should sell if I’m not happy or shouldn’t invest what I can’t afford to lose.

The point still stands, they gave a times scale it’s gone way way over and all that keeps getting said is ‘very soon we should have something to tell you’

To give a time scale means they had planned course to follow…. If the time scale has slipped(by a lot now) it would signify that it’s not gone to plan which then cast doubt to the market.

I think there’s a few more with this opinion.

I’m just fearful the next RNS will say that the RIG slot in fine and it’s now end of Q1/early Q2.

Those saying patience ask yourself if a company had given you a timescale to do something….. say fit your kitchen and it still wasn’t done nearly 3 months after they said it would be, Would you accept them saying ‘oh just have a little patience!’

Frustration is going to creep in as PI’s start to worry things are going to sh*t and money will be lost.

Brilliant a placing at a premium…….

If you’re going to fear monger at least get your figures right!