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Unfortunately all the new people here jumped the gun before the horse had it legs to run! I only say this because I don’t want people to get burnt actually make money and wait for the placing, if anyone has open position on the high of this recent rally it’s very dangerous atm!
Ocelot, you have been around a long time and get the impression your turning into a ramper, the placing is going to send the shares into free fall when it happens, initially people with any sense will wait or end up in the next round of blood bath
Be careful everyone I’m trying to help if you want to make big on this hold wait for the placing in coming days if not next week, it has to happen to pay for the rigs and equipment please ignore rampers! I know this stock been here years it will correct soon!
Honestly the only way to pay for this, is a dilution of shares ie placing of shares, all the newbies here are delirious about this hype, because the price is going to go down massively on placing which is volume of 2.2 billion shares for the several million pounds they need to commence of JOV imminently!
Ocelot you and I have been on these shares along time, a consolidation of shares dilute the company value, with 2.2 billion shares that have to be issued for the JOV in turkey will only result in price decline because there is no production in turkey to hold the price up so I disagree with your opinion at this time mate because there is nothing to hold it’s ground on price on SP support!
Everyone hopping this up it’s going to be another 88 mining blood bath, the placing is coming and it’s 2.2 billion shares! It’s going to slam this price in the nuts and Sanderson has to contractually do it now before the rigs commence, to pay for the JOV Turkey, not to mention the fact the annual accounts in 2 weeks time, there is no money in the bank and need to pay for everything or risk the entire contract with Aladdin ltd!
A word of warning to all the newbies Sanderson is a sneaky Ba#####, funding has to be in place before rig test and to complete work on platform, 2 October 2020 rns illustrates my facts and that if you all hang around at this price you will get burnt ?? on the placing, 2 years I have been here. I know what I’m talking about newbies!
I think the people trying to make this a smoke screen saying it’s crap is a joke, this could be transformational for the company, they have 9 wells in scope in turkey ????, I for one believe 2 p is realistic by year end 2021, thus being mitigated by portfolio oil flow production
Well the last thing I will say on this is I hold 13.5 million shares, which cost me just under £30 k! I am waiting on the next dilution to top up another 5 k on the drop then sit back and wait 6-7-8 months rolls the dice ?? on productions coming operational in this JOV will be a success and betting big on this Horse hill is a joke and Sanderson is turning his back on ???? U.K. to much red tape and councilman and women on the tree huggers side, I’m all for protect the earth ?? but progress on tech will come and evolve in time!
It’s just a sad place to watch because the same people always giving it loads on here, in which case I will just have to press mute button for the next 6 months, some peace and quite haha
After the next cash dilution it’s then full steam ahead, we all know it’s going to go down on the cash fund raising, so seriously **** up moaning accept it or sell! Just sick of people bit##ing! We have all been here a long time abs know it will come good this year! Once turkey ???? is operational soon! 2 d report done and rigs built Aladdin ltd will not hang around and neither will ukog!