Member Info for izstar

well said sir, totally agree with all you say

can only guess but I would imagine that many like me had intended to sell a proportion of their shares on spud or shortly thereafter expecting a rise, that has not happen so I would imagine there is a degree of anxiety which is driving people to sell their holdings even for a loss. I have not done so and now with everything crossed am waiting for the drill result

Here, here - well said

The board deserve a great deal of credit. Since SO took the reins he has stabilised the company (including reduction in salary for a period of time, supported the operator through to success on Wressle and now secured an a potential company maker. I have held shares here for many years and seen nothing but decline and bad luck - so despite a cheap as chips fund raise I feel SO and his team have done a great job - it is a gamble of course but so are most things in life

It has to be plugged when they finish successful or not.

I don't for one moment think that 10% of wressle is at risk nor do I think they have anything other then a healthy cash balance. They took out the loan on a just in case we need it basis for a side track drill - sensible. Who really knows what plans they have but I am quite sure our cash position is improving by the day and that will be shown when results are out next month. Totally agree with some on this board that this is mainly PIs selling given the SP has not surged and they are making smaller profits then they hoped for but profits none the less. Everything crossed for the drill

My opinion but mms take their cut from numbers of trades - I think this is a shake out - all those expecting a rise selling as the sp declines. In my view things will settle and the SP will rise again and then the result of the spud will take it from there

It is an aim oiler of course it is a risk, POO is also a risk - if you invest in AIM then you are to an extent gambling. Having said that I like the way this company has been run since our new team took over and although the money raise was grossly dilutive this is a really well thought through drill and for once the use of the term company maker is not exaggerated. We know there is oil there and having been to SO's recent presentation in London it was clear how confident he was that this will be successful - not a man prone to hyperbole so for better or worse I am in. Invested in EOG many years ago, lost a fair amount of money - this is easily the best position they have been in - good luck to the team and all those invested

Me included - you are right it is a facility - it was more the interest rate but I reacted too quickly - amateurish
Markets confirm sense of this

It is a poorly drafted RNS - clearly something is afoot here as they will have a healthy cash reserve - there must be something else afoot as GP suggests. It is totally bizarre and not the RNS I was expecting this morning. A bit like our ceo not knowing the SP at the recent London presentation - SP seems to be the least of their worries when many have bought in at much higher levels. Wressle alone would have us on 4 or 5p if they had resisted the temptation to gamble.

I believe it is a max of 6 months

I agree - an exorbitant interest rate. I am hoping that such is their confidence in the upcoming drill this is merely a short term solution to an 'expected' additional cost should the drill prove to be successful - they clearly want to be in a position to move quickly. £1m will then be fairly small fry. But 11% - what a deal for ujo

Much happier with their style then some of the whizzy, sharp suited execs that promise the world and deliver little. I thought they were quietly impressive - on top of the detail - just hope the future pans out as described

Goodness - I had 390k shares all bought at much higher price and thought that was a lot - maybe a chance to hit 26% if those who believed in the future here all vote against this - happens over and over again on AIM - as ever thought this group were different

well done, I had thought of doing the same thing as so undervalued - pleased for you - brave move

Love the Tuesday am positive energy Razor!

yep, disgraceful - invested in good faith and was in for the long term, lost a packet - directors will come out of it swimmingly.
Has so much going for it

superb interview thank you for going to the trouble of posting it

Not my memory. EOG’s SP was increasing healthily for the first time in many years and was over 3.5p and heading upwards when the serenity deal was announced alongside a massively diluting rights issue at 1.8p - personally too much of a gamble after years of eog pain.

I agree, this share is definitely a long term hold. A few traders may sell but the prospects for TRX are bright and the Company undervalued. SP has suffered over the years and fingers crossed in my opinion we have years ahead of recovery and growth and who knows I may even use their product when I have my knee done!
A company that does what it says it will do - rare on aim