RE: Nice update...23 Oct 2018 01:32
@NSTAbz Oh god you're right, 1 active director and 2 lackeys. Big difference. Richard Jennings is calling all the shots, it's a one-man outfit.
The taking shares facade is horseszjit, stop being so gullible. You don't think he'll want 25k off the bat no questions asked for his 'research' note? The whole premise is you write rampy notes about dog stocks that can't afford to pay you in cash, so you get issued small amounts of confetti that don't impact the SP that much and immediately offload. Note there's no limitation clause on how long he has to wait to sell. Easy money, really, shares available in three days time, the mug punter pays not the cash strapped BOD.
The coming online of a mediocre asset which PANR can't afford to buy all the interest in 10 days, which is not yet proven cashflow breakeven, does not excite me. Going on previous results cashburn a placing was needed by year end. That may be the case still or if the increase in price commods with this well coming on line delays it by 1/2 months into the new year this still doesn't stop this from being a cash burning dog.
Yes, we all know, that over time flow rates decrease, otherwise you should not be invested. And the difference between testing flow rates and production is often the steepest drop when it comes to rampy AIM stocks.
Try to get real.
PLEASE!