Member Info for Kamakiriad

In the unlikely event that that should happen, borrowings will be at such a low level that increased borrowing would be possible to explore new ventures.

The above figure is this company’s income.
Why such negativity and prediction of the well running out of oil in six months?
If it drops by 25% at current market rates for oil per barrel we are still quids in compared to last year.

They can only give sales information for orders received so far, I’m talking about orders that may come within the next 3 to 4 months

We are now headed into the busiest time of year for our products. Hopefully we can expect sales information which under the present CEO has been lacking at times. Recovery ahead in my opinion

I don’t see the reason for such a drop today, the figures aren’t that bad. I have been out for awhile, bought in at 20 and sold at 29 sometime ago but considering jumping back in.

Posters like that usually retreat

For those of you who were one of the above, today you see the fruits of your labours. Don’t shoot yourself in the foot!

Lots of people are now assuming that the well is going to run dry on the 31st of March 2022 lol. If the company is debt free by then it will have scope to invest in other fields which is what oil companies do annually. It’s hardly a sign of demise

You’re right schlemiel. We can see at least six months ahead of great projection figures, During which time the accumulation of cash will more or less make this a debt free company

I fail to see the negativity here.

Seems as though the board is awash with negativity again this morning. I usually find those are the people who sold out too soon. Probably going to take a dip because of this but a quick recovery and beyond will happen

I do wish people would stop spouting out the end of the world nonsense.

I agree, the negative profits of Doom are out again this morning.

C’mon guys, it’s not difficult.

It looks as though the market may have woken up to the potential here

I understand where you’re coming from with your post Daltry, but let’s not forget that the price of oil continuing to rise is a great part of the reason why this company may become debt free within a year. Then we are looking at a totally different animal. I tend to think that 3p could be a distant memory very soon as debt decreases.

If we can breach 4.25p this week Which has been somewhat of a stumbling block for a year, then we can see much further forward towards 8 and then 10p hopefully.
I don’t see a return to the 30s for years if at all but low to mid teens I think would be a comfortable achievement.

Apologies for adding that to the wrong stream

As far as I’m concerned Porky, you’ve been making 2+2 = 54 for far too long. The ridiculous speculation and incessant online searching for information which was irrelevant and spurious at the least has caused damage to a lot of investors.
Why anyone would trust a tweet from an unknown person and invest on that God alone knows. I’m not particularly pointing the finger at you for that one. I still own my full investment of 40,000 shares which are still in profit and I hope by the end of the day that is still the case.

Still an excellent buy at this price, I’m sure by the Time the next batch of oil is sold during October it will be close to double this price, Having reduced its debt level even further especially with the price of oil heading towards $80 a barrel

I agree, not a time for negativity here. We’ve gone through the worst the world can throw at us, upward now!