Member Info for itsgambling

You two keep kidding yourself. I'm not even close to considering buying as I disagree with your wildly optimistic views. The company will have to raise significant funds and I expect the sp to fall much further. I can buy at 9.5p - all time low. I'm not interested as I think it is a crazy high price and don't want to buy and then see the sp fall 25% or more. Best of luck with your 'investing' IG

Sounding off. EB claimed we currently have £3.25 million in the bank. According to rns they had under £3million on 25 September. I think every can see who's lying and burying their head in the sand. IG

50% of the mcap in cash? Think you need to recheck your maths. Is under 25% and dropping. A long way to fall from here. IG

Wait & hope. Cross fingers. Won't help. The reality is that they current mcap of £6.5mill is wildly high for a company with no rig, no income, no economical licence & maybe £1.5mill in the bank. At 9.5p this is way to high IMO and I can see it dropping much more, due to dilution, before any potential recovery. Hence im not even close to buying any. IG

Well said Ivy, I want to hear every bear arguement please. I'd rather hear the -ves than the +ves. I want to know and evaluate the risks in my investments. A balanced forum with both angles articulated is what we need. This forum is great IMO. IG PS: And my current conclusion is that I'm very happy I'm invested here and wish I could buy more :-)

"thats the only think that stinks here." Really Rob? The lies, missed targets, lack of activity, wasted funds and lack of information from the BOD are all rosey in your opinion? IG

is that 2 RNS due? :-) :-) Haha IG

Scratch that - you sound very desperate! You need to accept the fact that this is a huge gamble. With no rig, no income, no licence and no cash this will continue to drift down. It is uninvestable. A massively over priced punt. Youve choosen to hold all the way down so far, so you must know that the only thing going to stop the slide is news, First news IMO has to be a placement - as the government is unlikely to award a licence to a company without the means to drill. If they manage to raise the funds, then you might see some positivity return. IG

You sound pretty desperate mate. Understandably so, The situation here stinks. "Oleg Schkoda has stepped down from the board of the Company and resigned from his position as Director of Operations." "Alex MacDonald, Country Manager, Congo, has resigned from the Board with immediate effect and has submitted his resignation as an employee." Given the incentives on success, you have to quiestion these two key people jumping ship - not a good sign! IG

Ouch ! Please can you let Mr Sheltie back on ;-) PS: I'm that confident, I will promise no more Motif news guesses in 2018, if we don't see an RNS explaining this by 8am Wednesday! IG

The 10.6m share rise on this indicator has yet to be explained. I'd be very surprised to reach 8am tomorrow without information. I am aware that it is not concrete and includes plenty of smaller holders - however, it has been accurate and in line with TR01s & warrants being exercised to date, so I'm expecting some news in the next 24hrs. 10.6mill is over the reportable limit on it's own! IG

Of the bod burning cash and providing nothing for shareholders. The drift down continues. Goodness knows what price they will have to drop it to for the placement. Without a licence, a rig or income I can't see anyone buying into a placement - at any price. Incompetent management showing distain for investors. No wonder the bod opted not to commit any of their own money here! IG

Sadly this looks to have a lot further to fall. They are basically out of cash and the market knows they're going to come cap in hand any day asking for millions. Given the fact they have squandered the money they raised last time, I can't see that it will be easy to raise more. The current mcap is madly optimistic and only represents the fact that pis really hate to accept a loss - hence the slow drip south. IG Ps. I notice that Sefton's side kick has gone very quiet. Have you sold out Sonny boy?

Draft you pessimistic old git! ;-)

Bye Bye Catscan - thanks for dropping by. Your sparkling personality has lifted the board immeasurably. See you again when you re-buy in in the 40s (again).... Not sure you understand the objective of this trading lark :-) IG

Back to 225k Motif shares. The last 99k are still in SRSP. Along with my 'profit' from the trip. Productive holiday - on paper it has made me over �7k. I wanted to wait until SRSP rig news but got nervous about being out of old Motif and decided to bank some profit. Surprised we've not heard anything about the huge increase in ii holding here (as per reuters). IG PS: I brought you all some of that horrid rock from my holiday - I'll bring it along to the �1 party

IMO the best result here would be to get rid of Sefton. The lack of comms is plain insulting. No wonder people are bailing. Everyone apparently now accepts there is a placement coming and the whole "licence news by end of Dec" followed by no update for 6+ weeks - stinks! 1 year on from IPO - and now no ecconomical licence, no rig, no income, no cash !! Someone switch off the lights on the way out. IG

Not sure what there is to NOT be confident about.... nothing !!! Funding - check. [�7m raised at 1p. $12m loan agreemnet in place] Rig - check. [Strategic partnership with COSL] Prepayment offtake agreement - check. [Strategic partnership with BP] Field Dev Plan & Technical Data - check. [Strategic partnership with Schlumberger] Operational support - check. [Strategic partnership with AddEnergy] Future pipeline - next round of licences news soon. Multi well drill planned. $100 funding facility TBC Whoop whoop IG

Exciting times here. Rig news nailed on for next week. Drill team all now in place. Building interest from the twatterarti. Expecting 1p broken today. #BP #COSL #SCHLUMBERGER IG

small steps but right direction. Almost hope we don't get rig news tomorrow and can be sat above 1p when it lands. Going to be a very exciting drill - with $100m dev plan and additional licences all likely to drop over the next couple of months. Transformational. IG