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Still waiting and will continue, whether we get the full news we want in the annuals I dont know, but I am expecting confirmation that the mood music is very different to previous years in terms of a farm in, if not now then never.
.....just to back up my point, taken directly from the half year results 30th Sept 2021..........it is likely that additional funds will be sought before the end of January 2022 in order to meet licence and working capital needs and in order to meet the "going concern" tests of the 2021 year end audit.
In reality as we now know that cash raise was not completed until early April it is therefore difficult to see how the going concern test could have been applied much before that date.
Im not concerned about the delay in the results, they were always going to be delayed because the cash raise was not completed until 9th April, as I have said before one responsibility of the auditors is to apply the going concern test, they could not complete that until after the cash raise or the company would have failed it. I am not necessarily expecting news of a done and dusted deal with the annuals, although it is possible, what I am expecting at the very least, and bearing in mind our canadian friend has been stake building, is confirmation that they have re engaged in serious farm in discussions with at least one or two interested parties. As I have said before if there is no appetite for this now, there never will be, and remember there was interest in the dim distant past pre 2014 crash. Just my opinion.
The fun and games Friday preceding the holding RNS showing Mr Brimacombe still increasing shows MMs want shares, I think more people will be wise to their games now, so they will have to move the price up significantly to get the sells they need. Just my opinion.
Cant imagine there are more that two market makers for this share.....probably makes it much easier to collude, particularly if they are trying to encourage sells. Also, unless it has changed from when I worked for a brokers, ours is a quote driven system rather than a trade driven one, so they can change the price for any reason and at any time, they run the book.
Falky, this is where you do yourself a disservice, you should not use other boards to ramp another share, if you want to post that, post it on the Argos board, I would imagine most investing in Falklands oil companies are well aware of the other two anyway.