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IF, and that's a big IF, there is a potential FO partner looking at us, the way DW and 88e has performed over the last month or so wont have impressed them. I get that the FO was being discussed prior to Winx, but a company will not only look at what they're negotiating for (ie pre Winx) but the way it conducts itself. And the recent RNS's will not be looked on favourably.
Wouldn't surprise me if we get zero positive news on an FO. And it also wouldn't surprise me if DW asks for another CR. After all he still needs to be paid for his sterling efforts!!
If there's an ANN first thing on Monday in OZ saying commercially viable oil located in zone 4 there will carnage!!! Whilst OZ have been in suspension the UK Sp has dropped 20% only to then hear that. There would be a few peeps here who'd have been fleeced by that drop. That's why I dont think we'll hear anything Monday. They'll open up on ASX, let the 2 markets align, and then release that - if it's true. Unfair platimg field if they dont.
Jiddy...if alot of the sells are actually buys where does that leave 88e with regards to needing to shift the placement shares?
A lot of people are saying we need them shifted in order to move up, but if what you're saying is true then where does that leave us?
Can't have it both ways. (Also, I never hear anyone saying a lot of the buys could be sells.)
Apologies if already discussed but....
Is anyone concerned about the need for a CR (that's essentially what this is) when according to some on here we're in an strong position for a farm in/out??? Seems to me like we're having to raise cash because that ain't happening anytime soon!!
Chartman - excellent point. Sometimes I wonder if DW even knows. After all he releases what he thinks is a good RNS and we go down. He releases a not so positive RNS and we go down. Dammed if you do, dammed if you don't. However, let's not vote for his pay rise at the next time of asking. Not until the majority are getting some return on their investment. (I know some already are, but lets spread the wealth a bit further).
Guys, I think it's also important to state that the share price is adjusted by the MM's to a degree when they receive that ANN/RNS. For example: sp closes at 1.15. Good RNS hits at 07.00. MM's open the market with an sp of 1.50. Meaning that anyone wanting to take advantage of the good RNS is already to late unless they were already holders (and vice versa for bad).
Jiddy, like you I am disappointed yet optimistic. (I have to go otherwise I'll go insane with worry!!) I think the only 2 things I'd point out is - 1) It states we're in the PROCESS OF engaging with an experienced service provider. That could mean we've yet to engage with one. 2) The comparison of the OSH deal to ours could mean we've either got the biggest deal of the century OR what we've bought into is nowhere near as compelling or positive as the OSH deal. Not being negative....just grounded I guess. GLA.
WA....clinging the possibility of some good news. There's certainly several avenues within what we're working on where it can come from. Just have to keep those fingers crossed a little longer. The minute we see a shaved DW is when we know something good is being announced as I reckon he's kept the beard as a bet!!
Haven't seen anything from it. And as yet neither has anyone else otherwise we'd have our door banged down by people wanting what it shows. And yes, I know, we're working on potential JV's as we speak. But if it was all that lucrative.....