Oh dear....23 Jul 2024 15:37
My word, what a day. so comical, but slightly disturbing seeing some of the comments on here, but let us get some actual facts.
yes, it MAY be a world class discovery, but so far they have failed miserably to get it out.
little bit here and there, but then stopped...again.
they got 1350 bpd out in oil, apparently, but if you keep having to stop and clear the mud,
that kinda skews your figures. dont forget how long it took to clean up in the first place.
and if it was a problem then, why start testing before you have sorted it. also they have hung the entire company on this hole,
which is why they deferred the other drill that was supposed to be taking place.
what really worries me is that they are chomping money at a pace (look at the figures).
it is a race to either clean up the production if at all possible, or the inevitable fund raise in whatever form it will take. again,
look at the burn rate, not my figures ....theirs.of course, also, if it fails....another 18 months of misery, maybe more
i feel for the genuine investors who bought at up to 7p a couple of years back...but that is why i sold with 47% profit last week. been there,
done that. it is now down the thick end of 30% from where i sold, and if i had to listen tho the ramping half wits i would be putting it all back in...
needless to say, not a chance with this state of affairs.
hopefully the rampers will stay here and not infect other boards,
better still get a life...or attend infintely better to the one you have.....you know who you are.
as ever, to the genuine investors. good luck. you may just need it.