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I don’t see any evidence of paid de rampers on this board. A paid de ramper would would post relatively positive comments to build trust before posting the negative comments they want to be digested. It would be very difficult to identify who is actually doing it- it’s a real skill. What they wouldn’t do is post endlessly negative comments in a loop endlessly repeating the same views. They would be quickly identified and no one would take anything they seriously again. They would quickly leave the board as they would be viewed at best with suspicion and at worst as ridiculous. Who would want to pay someone viewed as ridiculous and whose comments aren’t considered by those who may read the board and be open to influence?
Agreed. I’d be quite concerned if my life savings were invested here. I suspect everyone on this board understands that there is risk involved certainly in the short term exacerbated by inflation in particular. In fairness to stroll when he took the company on it was a basket case and might not even be still operational if he hadn’t intervened. Everyone knew this was a 5 year project. It’s not like he s taken on a brilliantly run profitable business and run it into the ground. 2 years of Moers has resulted in a more efficient operation and now we change direction to an ex Ferrari leadership team. My gut feel is that stroll is here for the long term and credit conditions will improve and that in a couple of years we ll be in a much better place. I think we re clear that others have no faith in stroll and on that basis I wouldn’t blame them for feeling very negative.
It really is a miserable time for most assets. Equities crypto and most possibly house prices to follow. Rising inflation, and interest rates driven by Covid and war. But anyone who has been invested in equities for the long term will understand that things turn- the war will end as will Covid lockdowns and inflation and interest rates will stabilise and in time fall. Borrowing costs will reduce resultingly. It is all fairly grim in the short term and is does make life difficult for companies with hight debt but there will be a bounce back as after all global financial difficulties. It’s very easy to be terribly negative in times like this.
I’m not sure I’d be quite so quick to write off the Chinese market. Of course there are several very negative factors, some self imposed such as excessive regulation and some not such as the worsening Covid situation. However Xi has recently stated a desire to relax regulation and given that it is shortly the National party congress where Xi will be looking to be elected for a 3rd term it’s inevitable that there will be a significant program of stimulus. I don’t think I’d be predicting an actual Chinese recession and I wouldn’t be so quick to assume the Chinese marker will diminish in the medium term.
Moers has spent the best part of 2 years driving efficiency savings which was desperately needed and rarely popular internally. I suspect he d implemented the majority of the cost savings he set out to particularly in regard to production. In Felisa and Fedeli there is a great deal of leadership and technical expertise that seems a good fit and logical choice.
Almost a month since the last official update I suspect this will be the week we get the news we ve been waiting for re the rig. The 3 possibilities appear to be shallow drilling with a water rig, a deep drilling program with a containerised rig or a delay to ‘23. Could be a big week.
I suspect the t the worst case scenario will be a shallow drilling program as the rigs needed are much more transportable and available. Obviously this wouldn’t be ideal as you couldn’t go down to the motherload but to have even a limited proven discovery would be a massive step forward. No drilling program at all this year would be a real blow.
It does seem a little strange that this court development wasn’t circulated more widely and more publicly. One would think Nebula would be keen to broadcast this success rather than rely on people individually contacting the company concerned or having friends in the press to keep them updated. I’m not sure that’s how court cases like this usually work.
Whilst it’s obviously frustrating that we ve not had the news we re all waiting for re the rig confirmation we ve actually had a good 6 months- all the planned testing is complete, probably more than was initially planned and we have finance in place for this years drilling campaign. They are now in a much better place than this time last year. The RNS states that there are advanced negotiations ongoing with various rigs as options. I’d be very surprised if we don’t have a drilling campaign ongoing in Q3 it’s just very easy to feel worried and impatient.
Using a containerised rig sounds great in terms of mobility and ease of transportation which should give the opportunity to complete more drills with flexilibility over locations that a traditional O&G rig perhaps wouldn’t give you. I’m not sure I’ve ever heard this suggested as a possibility before however which makes me wonder if there are any disadvantages. After last years washout it’s so important the rig choice is correct.
I really can’t imagine that the type of person taking delivery of one of the first Valkyries would be in a rush to film themselves bevving around in it so they can stick it on social media to impress their friends. It just doesn’t seem very likely. Maybe if it was some sporty BMW or wotnot but this would be a different type of customer I suspect.
We re waiting for various updates re seismic and ERT findings and conclusions and the more detailed plans for drilling locations and numbers of drills. Of course the Drilling contract is another vital update due any time. I’m confident that most of this information is ready and I’m sure getting the drill rig in place in plenty of time is an absolute priority. With this all being most likely a great news update perhaps the horrendous market conditions is delaying the update although I’m sure they ll be an update prior to the AGM.
It’s a pretty horrendous market at the moment generally regardless of where and what your invested in. Companies with high debt will be affected worst due to high inflation. However crisis pass and inflation will fall in time and the real question remains as before the crisis - do you believe in the fundamentals and direction of the company. Some will do and will have invested because they do and others won’t and won’t have invested because they don’t. It is what it Is but personally I believe that stroll has implemented a plan that is working but was always going to take time to play out.
Clearly heading in right direction. Stroll was always clear this would take 4/5 years to turn around and 2 years in I suspect we re more or less where he expected. Nice commentary from Moers who still seems very much part of the project despite rumours.
Such a lot of speculation on the status of Valkyrie deliveries and recalls. Hopefully we ll get the facts this week re current number of deliveries made up to now. As I recall around 10 had been delivered in the last update in mid December. Perhaps once we know there can be a more informed estimate as to when all the cars will have been delivered.
My understanding was that 10 Valkyries were delivered in December. I would think they ve made further deliveries since although I’m sure we ll get an update with the next couple of weeks with the financials. I think these will be delivered gradually rather than the majority in any particular quarter.
I wasn’t aware that anyone else had been offered Moers job. Who did he ask that turned the job offer down? I’m not sure senior and respected industry recognised figures like Moers stay in positions just because other people are turning down t he chance to replace them. I’m not sure it works like that.