Member Info for levistubbs

Their sheer arrogance led them to believe they could bite off more than they could chew. Furthermore they were that arrogant to think the financiers would trip over themselves to fund their indulgences because they were so called experts in their field and they took on this deal without obviously having assurances on finance in place. Sheer incompetence and flagrant contempt for shareholders.

What makes you think it is him Bignuggets?

Mr Spencer now has 12% so what is the end game for him. Well he is unlikely to sell them in the market higher up as that would be the mother of all overhangs and would probably cause the sp to tumble pretty swiftly. Neither is he going to bet that sort of money on the toss of a coin that is an exploration well. So the best way out for him is to put the company in to play. Does he already have a suitor?

Any good news would be nice but the continued silence on sarawak is the most frustrating.

BowlOfFruit well summed up. May be that transformational deal will turn up too at some stage.

At least Jamaica gets a mention this time:-

Jamaica
Interpretation of a 2,200 sq km 3D seismic survey recorded in 2018 continues as Tullow matures prospects that can compete for capital for drilling in 2020.

I hear ya 1750mk and share your frustration. What we need is the transformational deal because I think the Jamaica news will be sold in to just the same. God forbid if Colter is a bust.

But Wolf in the phone chat just before Xmas Brian said the European families were buyers and had not been selling. I would suggest the selling has been going on nearly 5 months and it is quite possible as it has been orderly they could still have many yet as with the lack of notifications we have no knowledge who it is. Very annoying and very frustrating.

BowlOfFruit yes it is disheartening but apparently moving to Aim is going to help us by improving liquidity? I am not convinced but that is what they say when you question the reason for the move. The continued selling is my main concern.

Bignuggets don't get me wrong I am bullish too and this makes up a large proportion of my portfolio but I am frustrated at the continued large selling with lack of any notifications. Getting to the stage where even the news from the Jamaica cpr will still see us failing to hold 5p.

And yet we are down again.

Yes Bignuggets if only to wonder why we are still languishing with the seller still selling :-/

Unfortunately this week we mark the one year anniversary since this was suspended pending a deal to secure the Minto Mine, pathetic. After the board of so-called arrogant experts proclaimed this to be done by April last year, we find ourselves with our funds tied up for a full year in this car crash of a share. Will they have the good grace to provide us with an update and may be thank shareholders for their patience or will they just continue to remain silent after saying in October they would update in the 'near future' which was just a laughable time line as any other they have given, in fact as laughable as any statement they have given since they have been in place. Shockingly poor performance by DeL boy and the rest of the Trotters. IF they manage to re-list it how could any shareholder actually believe anything they say going forward.

suffolk quite right. Happy to be wrong too but I think 5 to 7p fair value at the moment until we get more news and more on 2437.

MrBeaky we have a very determined but disciplined seller and unfortunately a problem with liquidity so all good news does is provide the liquidity to be sold in to and that is what we are seeing. One of the reasons the BoD give for the move to Aim is to increase liquidity. The annoying thing is we don't get any notifications, we don't know who it is and don't know how many they have left but it does keep this very undervalued. Once clear this has quite a bit of making up to do.

Fantastic news. It's taken some time but all come good with one of the best partners you could wish for. The 2437 is a pleasant surprise with upfront payment. Just want to say a special congratulations to Scooby. Called this right all along and had courage of convictions to buy more. Well done.

And there is the big sell that has held us back today.

Not Aim yet Bignuggets.

Rise sold in to again I see.

It certainly will stink if a farm in is not forthcoming here. But should we be surprised. How many times has this artificially been puffed up only for the hot air to escape just as quickly as those in the know sell out.

All going so well again I see. Will this frustrating wait never end :-/