RE: A fiery fate is coming!25 May 2024 07:10
A few disgruntled investors watching their hard earned go down the drain. It’s obvious to any novice investor this is in investable from the shares in issue, the spread and 19 years with not profit on the horizon. Eventually it will delist - I think it’s got about 22 to 16 months left. Shame people fantasize about some jam tomorrow glory day. Cost of extraction is $60 per barrel then you got the directors take in top. There’s nothing left in the pot for shareholders, he’ll there isn’t even a pot or remote sign of one (Retained profit, PAT profit after tax, EBITDA is BS for earnings of course (I = Interest on loans) etc. If one can’t see a BEP and cash positive coming SP has one way to go only & it ain’t northward bound. I recommended people got out at 3p and 2p - Fantasist said Troll however those same fools are now nursing losses that that will get worse when they could have switched to a share years ago and made money - Never mind