Member Info for Latino

This is silly talk isn’t it. Let’s leave it to the experts!

It’s specialist equipment fella..so it want be bought unless tested and calibrated.

To many here very quick to jump on the bashing bandwagon...just read RNS property before posting!

In these times isn’t cash king?

Not under 0.22p!

Remember this in the 30 June RNS:

‘ In addition, we raised GBP4.2 million to provide funding for the above and other key activities, to include the forthcoming HH-1 reperforation and preparations for work at Loxley and follow-up of the Arreton planning application.

I acknowledge the concerns of private investors about 'dilution' of shares in the Company. However, it is our view that, particularly in these financially uncertain times, raising funds from equity remains the most prudent and only feasible way to fund projects that can add substantive growth in the asset value of the company.

Had oil prices remained at their healthy pre-Covid levels, this would have been a different story, as with our current low $13/bbl operating costs, the Company would have been able to consolidate a heathy cash position, plus debt funding would be a reality. I trust you understand that, at present, we do not live in such a world. We hope and plan for a better Brent price in the not too distant future.

I believe that it is also a sign of confidence in the underlying strength of the company, together with the resultant liquidity of our stock, that has enabled us to raise significant funds during such troubled times. This liquidity is a valuable tool, but rest assured that we will only use this route when it is the best or only way to implement our strategy to grow the value of the company.’

Don’t understand your angle on this...if the kits essential then you need to buy the kit! They can’t sit idle can they? If so it’s up PIs who’d be first to bash the bod on progress!

The staggered deal with part cash and part shares works best in the current climate for the company and allows them to preserve cash. What’s there to complain about?

Watch and learn day tomorrow it appears..this is a good deal in anyone’s book. Saving cash and it’s staggered by 6 months and can be paid in shares.

If it’s finished why they purchasing kit for over £1/2m...lol

It’s great news, shows confidence to be taking shares at 15% premium of today’s price. Should be in 20s tomorrow.

Randox - faulty tests.

https://mobile.twitter.com/NHSWirralCCG/status/1283749020628901888

Lol - get in now because all indicators point to this going north..

Well said, things could change in a blink here..once approvals come in.

Ridiculously cheap

Problem is in your analogy, the bod have made mistakes but that does not mean they’ll make the same ones again!

Absolute bargain basement...approval and PIs not be seeing these levels again.

No they don’t (approval in India), this is pending and what company is waiting for...

10th July RNS states: ‘- Indian approval was applied for in mid-June and the process is ongoing. The Company remains very confident that rapid commercial roll out could be achieved in India through both existing distribution partners and DIVOC Health, a new COVID focussed partner in India.’

The question is is he going to play ball with authorities and hand back the cash or is he going to act like a fugitive?

If so he is decimating his reputation built over many decades into bits never to be restored...son being arrested if true has to be a hugh wake up call!

Yep needs to pay back - some 17 properties in India + money to family...so it appears the money has not vanished but circulating is in the Shetty family?

https://www.thenational.ae/business/leak-reveals-new-nmc-payments-for-shetty-family-food-business-1.1048677

https://www.google.com/amp/s/m.economictimes.com/news/international/business/bavaguthu-raghuram-shetty-whats-in-a-name-banks-count-cost-of-loans-in-nmc-collapse/amp_articleshow/76918055.cms

Bouncing..should be heading north shortly?

Coming in..it looks like seller is gone?