Member Info for Ilovesushi

Share price. 0.05

Decimal correction.

You ask what do I see the share price in a few weeks.

00.5 then suspension soon after when there are no asset sales. At this time an RNS informing all shareholders there is little value remaining for shareholders. The debt holder then calls in the administrators. The management having to comply and now work for debt holder. The personal shareholder is wiped out. Assets are not worth that much. Certainly production does not cover costs yet alone debt.

The business plan was already laid out. It is to get production of 2,000 bopd. Fact is it is not enough to pay off debt holders. So debt holders have elected not to pursue a winding up order for 1 month to give a chance to the management to sell assets and that means the company more or less. If assets or the company is not sold, administrators will be called by the management to protect the debt holder whom basically owns all the assets. The company will in the next 4 weeks issue an announcement warning all shareholder's that little value remains in the shares. Then the shares will be soon suspended. Sorry guys. No way out for the company. This discovery was never a billion barrels. People have been misled. Sack the competent persons who came up with these inflated figures. This company will not see past the first quarter.

Once 50 pence goes there is a gap up to 77.0p

Going up higher and higher daily. Large profits are pretty certain now with the high gold price.

This high Gold price goes straight to higher profits. Looking very good for a rising share price. 60-70p at least and perhaps more.

Definite breakout and race back to 40 pence. On USA news, 50 pence to 60 pence quite easy. The Americans will go crazy for out gel. For sure the biggest market, and out gel will fly off the shelf. Its coming.

I cannot see the asset sales covering the debt. In fact I do not see what asset they can sell unless it is the whole Chabang. Obviously the senior lender is having the same thoughts and wants out. There is going to be nothing left over for personal shareholders. Fails to find a buyer then the administrators will be called in. First the management will issue an RNS to formally announce there is little value left in shares, then you know it is over. Going to happen real quick as there is not real asset to sell in this market. Fire sales at best. Sorry to all concerned.

UP 9% and climbing. Good update coming on US distribution. Should hit 40 pence or 50 pence. Broken out now.

CLIMBING NOW...

What assets are going to be sold exactly? What will be left of the rump? Personal investors are wiped out in this scenario. What remains of the company? Little value will remain for shareholders thats for sure. The massive resource was never there.

Its got less than a month to sell assets. Or the deal is off. These bond holders got the company by the goodies. The administrators will be called in to protect bond holders. Damn. Its got no value for the ordinary shareholder. This keeps its listing for one reason only. And it is not for the shareholder. Its a delaying tactic. Bond holders have got this. Nothing will remain for the shareholder

Going up guys. Share of the year.

Looking good for a return back to 40 pence on a good update.

Looks like many of these shares being traded are not yet issued. Forward sold shares?

When this date comes the senior lending will demand the management call in the administrators to protect its investment. There is no longer any value in the shares. Its now just a play with bondholders. The keep the listing for a reason. For themselves. The time will come when the shares will be suspended and the administrators called in. The reserves are just not there neither is the production. Poor production and it is the end.

Share price is up 88%. Certainly broken out now. Heading back to 77 pence on the chart. Going higher and higher.

Up 11% now. Still got a lot further to go. With the worries in the world its not surprising people want gold and in this case the next best thing. A Gold mine. And certainly we have one.

Lovely Gold.

Next dilution 0.05 and it that does not take place the management has no choice to call in administrators to protect the debt holders. There is no protection directed to the personal shareholder. Avoid.