Shame shame shame. Another duster.20 Feb 2024 09:36
The company had no choice but to do a consolidation. It was always on the cards. Of course the real reason the consolidated the shares is because they are goin to have to issue a lot more shares and the price is below nominal value. Every investor here now will be wiped out. The Gatwick gusher is basically non commercial. And with Turkey just giving another duster, the company has little room for manoeuvre. Now if it wants to get back to the UK and get hydrogen, and hydrogen storage in Dorset, you can guarantee that the company will be issuing more shares. History of failure does not seem to put off investors and their money and no doubt that will be buyers.
Lets be honest Turkey drill was always a duster. Bigger holes by the larger perforating gun still did not allow flow. So another non commercial play to add to the Gusher. Every investor in this company has been wiped out. Any future investor can only expect the same. Glad I sold out a while back when it was 1.5 pence.