Member Info for Hu11

Morning BB32, I know the company would have to come back to shareholders for a significant cash raise, my point is that with no farm out then for ongoing operations a CR would be needed, and a hefty one at that. As for farm out what’s shortly? A day, a week, a month? Who knows.

Some seem to think that if/when a farm out deal is done then it’s going to propel the share price to 3p 4p etc etc, It won’t. Yes we may well get a spike, perhaps 50% plus, but that only takes us to around the 1.2- 1.3 mark,We were at that and more during the Winx drill. The reality is as it’s always been the successful drilling and extracting oil at a commercial rate will be the point where the share price increases significantly.For what it’s worth I think we will get a farm out eventually, but we will have to give up a hell of a lot, if we don’t manage a deal then the reality is another CR and probably another 2.5 to 3 billion more shares at around 0.5p. These are my thoughts and more than happy to be proved wrong, just trying to keep it real.

Why has there got to be an announcement? It’s an AGM not an official cut off date for a deal.The company have already stated they have a preferred bidder and talks are continuing, they will RNS any details, good or bad when the talks conclude, until then its wait and see.

Just a quick look at SK4 posting history tells you all you need to know, he/she has a habit of making wild share price predictions that never materialise, only turned up here around the Winx drill so probably under water and trying to recover their losses.

Sorry to hear of your sad news, as you can see from the posts on here you are held in high regard, even from people like myself who do not know you.

From memory, David Greece was a particularly argumentative ramper on CTAG along with a few others, as you say it’s your own responsibility to press the buy and sell buttons.

If only topofoz.

Could do with the spread narrowing though.

Hope it comes good for you mark, and everyone else, lucky to be mortgage free now so any profit from here is going in the retirement pot,managed to average down to just a shade over 1.5p so could be sitting pretty in a few weeks time,fingers crossed.

A little disappointed that we are not around the 2p plus mark after the latest news, Having said that the company appears to be going in the right direction even without Ruyi,Once the deal is done then anyone who has bought or is buying around these prices can look forward to some serious profit. GLA.

Yes, It would be really daft to mention a farm out???? Are you for real, do you think this is some kind of game?

Oh well, maybe next week.

Good to see we are making progress, shame they couldn’t have posted results earlier and stoppped the decline in share price, bring on the Ruyi deal now.

Hope a farm out deal is in the bag before any corporate or investor presentation, look what happened after the last 2.. 20-2-2017 investor presentation.. 02-03-2017 Placing.. 18-04-2018 corporate presentation.. 30-04-18 Placing...Lets hope this pattern doesn’t continue!!

Got it in one minime77, all his posts and price forecasts are utter tosh.

Zzzzzzzzzzzzzzzzz

“We know they have a high quality interested party” Errr no we don’t, you appear incapable of reading a RNS, they have a preferred bidder, could be anyone, I know it’s hard for you but try sticking to facts.

Sorry, missed the big news is being “dropped at the agm” in the last RNS.. Perhaps I should read it again? Or perhaps you will post something factual once in your lifetime instead of rubbish.

S4K Sat10:31 “We know it’s a large company that’s highly interested” ? Sorry must have missed that announcement or is it more of your ramptastic rubbish?

Dividends? Really? We are a minor AIM company, as for news being really good I think that’s a long shot to be honest, if it was really good reading they would have announced by now, the fact the results still haven’t been published and an ever decreasing share price says a lot to me. Just my opinion and happy to be proved wrong