Member Info for luckyman2

Is your target still 1.25p?
Cant see that happening just yet maybe 1.50p

Looks like we are heading in that direction
Coronavirus knocking the oil price diwn again

Someone getting fed up of waiting.

SP will slowly drift down to 7p as no news due for at least a Month. imo
AIM shares are news driven so the longer we go without news then the SP will lose its strength.
News required asap.

Sp now in the .14p range which concerns me.
Without some good news we could end up even lower.
Jam tomorrow nothing has changed since our very desperate fund raise back in November.
Looking back i still can't figure out why we were so desperate to raise funds at such a low price.
Now it looks like April at least before we see any action on WN site.
What a shambles and its not any getter over on RBD either.
Best way for oil exploration companys to make money is raise lots of capital at heavily discounted price then leave the money in the back and earn interest.

15p getting closer by the day.
At this rate next thursday. imo
Unless we get a positive RNS of course.

SP will drift further without any news.
Nothing to do with the company or our assets its just the way AIM is.
How low will we go ?
If we close below 8p then 7p will be our next support.imo

We still might have to raise funds via a placing at some stage but the SP would have to be higher than it is now.
Boil had to give a 58% discount to the SP in order for them to raise funds.
Money for investing in the oil industry is tight at the moment so got to heavily discount.

0.6p is certainly a possibility.
But if it goes that low then there will be a lot of worried investors here, me included.

I think we will have to be lucky to start drilling WN B 1 well by June
The roadworks and drill pad alone will take 13 weeks to construct once they get approval.
Mire like Q3 for the WN B wells to commence drilling.

They did not say that there would not be a placing in the future.
This is what they said
“This is being done for administrative reasons related to the company's Loan Notes issued 31st May 2019 and i3 wishes to make clear that this is not being done in preparation for an imminent equity placing as is indicated by market rumour,” it added

We had 2.8 million in the bank as of 20th September 2019
We raised 5 million in November
Now we only have 6.5 million left.
Seems to be dwindling away pretty fast . imo
We have not sven started any of our work programmes yet either.
A bit of a worry as far as i am concerned.

Capital seems to be disappearing as well.
7.5 MIL after capital raise down to 6.5 million now.
Now that worries me.

Nothing to get excited about. imo
Just got to wait a bit longer.

Nothing to get excited about. imo
Just got to wait a bit longer.

small rise today suitable for our day traders.

Looks like we will slowly drift back down to 7p without any news.
Not what i was expecting after last weeks gain.

SP made a slight recovery yesterday but can we hold onto it till the end of the week?
If so then we would have reached the bottom. imo
Onwards and upwards

As long as its good news.
Don't want any delays do we?

Will be required to drill WN B1 and B2 if we don't start drilling by June.
Not much time left as we have not even started construction of the road yet.
13 weeks for civil works alone.
Getting to ba a close call.