I got out with 10X bagger the day the PMO farm in was released. I had never heard of them, when I looked at them they didn't appear to have the money. I was immediately shouted down for saying so. Even as the market reacted by dumping RKH, the rampers were rife. I left a few in and bought at 92p, thinking it would still go ahead at some point. I wasn't too bothered when it got to 50p, again thinking positive and the magic RNS would come. But things just are against this now, I regret not bailing out ~45p a while back. It was luck I sold at a profit, if I had listened to the rampers I would be sitting on a huge loss now. I was tempted to keep faith by all the ramping. Glad the niggle about PMOs debt didn't leave my mind.
Some major signals that the BOD knew this was toast years ago was several directors leaving and then Fiona, RKH BOD knew then the writing was was on the wall and this was in deep $hit. Ever since I feel Sam has been thinking of his pay packet and paying his mortgage off. There hasn't been any decent director buys for many many years and when they fail the "incentive plan" they just launch a new one, keep spouting the same **** at the AGM and then get another years wage from the dwindling bank balance. BOD should be in jail imho.
Gozzie - Thats why I go after people like Nigoil, his ilk have been here for the whole 10 years. A board full of secret knowledge and positivity will affect people, even if they don't realise it. They always advise "average down" and "thanks MM" and "tree shake" etc. They were doing it through .COM crash too.
Sad state of affairs for a company that hit 1billion barrels in their 1st drill. But its looking more like this should never have gone ahead, hope I'm wrong, but its $500 million spend by RKH so far. Reminds more and more XEL everyday .
Lets hope the Italy thing does come through, I cant see funding happening now. What ever we get, mothball the company and give the money to share holders.
Totally inappropriate to be banging on about ARG being 50p+ on RHEA success. NIgoil and his 3 usernames are gone, makes me laugh that you 2 accuse this board of being a boiler room etc. You 2 are dishonest, deluded dreamers that are very dangerous. ARG 0p is more likely !
OMG, you are just as deluded as Nigoil. I will say again, THERE IS NO BOILER ROOM. We are long term and ****ed off investors! There should literally be 1000s on here! Yet you accuse 4 or 5 of being scam artists ? So, after the last 10 years of failure, do you expect us to be here blowing sun shine up the BODS ar$e?? 10 years and Sam has collected millions of £ and delivered nothing but loses!