These shares are pretty tightly held so I should think that this may well become a rerate not only based on a recognition of value but also shortage of supply, as demand from new investors exceeds the supply made available by existing holders. I for one ain’t selling any of my holding until the sp has risen substantially.
A meteorological event this week may herald another beast as we progress through January, so again highlighting the need for additional gas storage capacity and let’s hope a timely boost to the ML decision.
Agreed, if it gets to .2 before the next cash call I’m out. Will lick my wounds and move on. This will never be big enough to gain traction and is a lifestyle company for a bunch of guys parlaying the oil exploration game and getting paid for it on the back of a bunch of ever optimistic shareholders.
Not surprised more money needed to be raised, but shame it’s before there has been any substantive news. Increases dilution, if they are in such a good position why not fund through borrowing, very attractive rates about for safe and solid investments.
Perhaps somebody got an early heads up on the radio 4 PM news item, just broadcast. The item reported on a proposal to generate electricity from compressed air, air is pumped under great pressure into storage tanks using off-peak electricity. Under pressure the stored air liquefies and then released to turn turbines when the electricity is required. So perhaps another potential use for the caverns!
Trin must respond, start by paying a 1p dividend and a send a clear message to the tin pot regime that mew investment will not be forthcoming and the strategy will be to deplete existing wells and RETIRN PROFIT TO SHAREHOLDERS. Come on Bruce wake up to reality.