RE: I wander what would be the reaction?23 Apr 2020 03:50
Wizard,
Death spiral finance is 'kahunas'
That video SS released told me that he reads social media and possibly this , it was all over social media that morning after the RNS that UKOG entered into a 'death spiral finance ' agreement.
Later in the day SS is on his video saying its kahunas and yet here we are year later at .3 on the SP so he lied. Or imo he never understood the implications on the SP this agreement would have.
Also the water issue RNS described as a' routine fix'
Then once repaired it was described as 'a no guarantee ' that this would work so he gambled. But at to what cost with flow rates?
DHC and Heid bailed from this got money back and i know DHC is currently earning on PMO. Yet those who have continued to hold have been told of patience by SS , more great stuck in the mud advice.
The cherished RBL may not happen with what has happened to the economy and if it does at what price per barrel??
To many delays , bad leadership and gambling has fudged this the bounce in the SP may never get over a penny