RE: AGM10 Jul 2025 10:19
Isnt it interesting how Miles Newman, Reach, is making David pay the vast majority for these drills.
As kim_clay said on ADVFN:
Why 60%? When you've already committed over $5mm and commercial returns on those investment are looking like they're way way more than the 6 months you hoped for, then you have to increase your stake and invest even more in the hope of finding the game changer result to recover the past US investments. What other course of action is available when any rational analysis of the well results and revenues to date are self evidently unlikely to give risk adjusted returns.
I agree with you JOkingU that someone/group has this share price being played, no different to the leaked placings. Anyone that buys here is almost immediately on a loss.
The problem also lies with David an his extensive team who have absolutely shattered any confidence an trust in this company. That was evident on the AGM vote. Now David has disappeared to bank hundreds an thousands of pounds at shareholders' expense. The saving grace would be Reabold mobilising West Newton to spark some interest here in the near term. Personally, I can NOT see that happening this year.