The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Yes I thought the same, a lot of negative vibes coming through. Even reasserting there will be no dividend until end of December 2020. Some positives ref no bonuses being issued, more a pull together angle. The devil will be in the detail though and there is a lot to get through. Market might react positively with Fact not as bad as they thought. But this is a very difficult one to call.
Good results and agree this will climb now. Thing that stood out for me was
" FSP concluded on 4 March 2020 with no acceptable or firm offers being presented to the Board"
This could have been worded better as it implies that "no firm offers" were offered. It also implies the FPS has finished.
But that doesnt stop offers coming in and of course any offers forthcoming would need still need to be disclosed, even if the board don't want any offers :-)
Yeah I tried to top up again just £500 but wouldn’t let you buy any during last 5 minutes. Should have executed it this morning when I had it at 24 but no of course five minutes before Close Trying frantically to buy at 27 was a better idea! Here’s to a great set of results tomorrow.
So changed their mind again and dropped buffalo a week before renewal due after touting it as being such a great opportunity. Did they spend the £200k exploration testing on this?
Now we are in another random African deal which will be their new carrot they’ll be trying to dangle. Wonder which one of Birds mates this one belongs to?
Think this has got to at least be good for a cheeky 50% in May. Still undervalued currently and hasn't recovered properly yet. Fair value at least 40p.
Yes there’s no way this share will benefit from the same uplift in the oil price as proper oilys. I don’t think they’d have the audacity to do another placing, but they have had the audacity to still keep creaming even though it’s 50% less creaming - how nice of them. Don’t think I’ve ever felt so resentful towards a share I’ve bought as I do to these guys. Just another great example of how you can rinse a company and it’s shareholders.
It’s because this company doesn’t own anything so they can’t control their operators. That’s the difference. They say we are stopping drilling MSMN can’t do anything as they have no control. Their basically just a two man band poor estate agent renting flats and then subletting the rooms and skimming the bit of profit on top calling it revenue.
Completely agree mate. This share is an absolute t*rd and has been completely rinsed by the directors.
The blatant ramping but we all know who and crew. I won’t mention names as he does get very sensitive and reports you to admin if you disagree with his BS view.
Obviously feel sorry for people everywhere losing money as I’m in the red too on a few others (including here). But difference is other shares will recover whilst this is going nowhere.
Letstry - Thanks and yes I agree, message is there but its all about proving up the share price now and stopping this slide further.
Farhantair - I think you know what I mean. And remember Aubrey isn't just getting a salary from Proactis and there are many other "benefits"
Pay cut means nothing. If anything sends the wrong message as says we still need you but can’t pay you as much. They need to go or they prove to us in end of April financials. Nothing less, nothing more otherwise this will slide further and if there is a raise at 25p due do debt then this could easily drift to 10p. At same time if they work for the good of the company rather than themselves It could go up to a £1. That’s why share price is where it’s at. 2 very different potential scenarios and none of us know anything until end April.
The director “buys” I consider quite insulting actually top bod only bought about £40k worth no doubt thinking this will settle us peasants from revolting.
But of course there’s no real “faith” added to the company as who wouldn’t buy £40k worth of shares to maintain their million pound excessive salary package per year. It’s a no brainer isn’t it.
They’d stand better to report how they are going to sort this mess out.
Even still I’m not selling at 33p that’s taking the mick
I don’t like the fact they Mentioned 0 offers were made that were decent. Doesn’t exactly overwhelm you with confidence.
Yes looks like they are getting their papers in response to interest
Pop
Typically a share will follow the dilution price, coupled with the lack of news (not interested in Zambia) and pre Christmas sell off if stick my neck out at settling around the 0.14. Worth a punt at that price certainly. Wouldn’t buy again at these levels though, from the buying frenzy today I think others agree!
I can’t see it myself. There won’t be much news short term which will act as catalysts for the share price to motor. Yesterday’s was the main one and it settled at 0.20.
All we have left now are some of the tasks being ticked off mentioned in the RNS which are already priced in.
Unless you mean when we start drilling Mankayan which could take years?