RE: Likely Buyout Date and SP?4 Apr 2021 19:10
And could possibly be the explanation why Duster Dave who many believe what they believe, ensured that new leases were purchased with separate companies owned by 88e. For the great unwashed, who do not know or have posted without DYOR. Do not realise that this is what oil exploration companies do. They HAVE! to raise funds because of the obvious! But it can get to a point where they can progress the company forward by farming out the asset for a lump some plus a percentage of the oil produced
This finances further proving up another lease. We are still an oil exploration company at this point. This obviously does not fit well with the day traders and get rich quick shareholders. However in reality this is a questionable approach, as logically this approach is yes a slow burn, but having worn the tee shirt, it eventually vbrings on board institutional investors, which realistically is the only way to progress this share to £' s not pence. And to conclude boring myself as well as others seen a penny share which was obviously consolidated to bring on board institutional investors, but reach £34+ per share still being an oil exploration company, with its last annual financial report showing £1:23 per share profit. So eat your heart out Duster Dave believers. He's a smarter cookie than most think, and to newbies on board DYOR an enlighten me who has negotiated a 60/40 farm out dea