Member Info for Rktech

I only look in here occasionally as I used to have high hopes for AST back in 2017 when the SP spiked to over 3p......but that was before the 100:1 consolidation so over £3 in todays money but got out completely when it became apparent that Slovenia didn't want us and INA was not going to take gas and the sp went into decline.
In July 2016 Sound Energy had a corporate rampathon when Parsons, aided and abetted by his old chum Malcy ( now a non exec here and drawing a salary ) spouted the most blatant pack of lies about the geology and prospects for SOU fuelled by free champagne at the Shard.
Malcy even gave a speech when he trashed AST along with a few other E&P sector companies, some of which he'd been ramping not long before.
Well AST 6 or 7 bagged from there less than a year later in 2017 whilst Sound went down the pan taking a lot of the gullible with it.
Colin H got out when he finally realised that Slovenia just didn't want AST and he was just wasting his time and the company has now become a lifestyle vehicle for Parsons and his chums.
Nothing has changed and everything else is just some more smoke and mirrors, which Parsons is an expert at.

Who cares......OJ usually gives an accurate assessment and is far more reliable than that fat bullsh_itter Malcy who is now a non exec at AST with his old chum and co conspirator parsons.......but I'm getting political now.
I'll just repeat that if JA has an ace then now would be a good time to play it.

There's no conspiracy.........it's just a statement of fact FFS.
OilR , Beluga and BGFI are failed projects unless JA has some Ace to play in the next few weeks.
Wait and we will see !!

I think it's really sad that this is the best opportunity Tower have had.......EVER. and we are constrained due to lack of finance that in terms of a major would be regarded as nickels and dimes.
I'm sure a deal could be done if Asher were to change the focus of wherever it is he is looking to somethig new//////
Just a thought.

I haven't ruled out the possibility of a JV........but maybe that's just wishful thinking !

If loan funding was available then of course it would be taken.
There may be partial bank funding applicable based on provisos but banks don't like open ended risk.
There is not enough in this placing to get the Thali project over the line.
Depends if JA has an Ace to play here.

Yes it does feel like it's being held back but when the buying pressure increases they'll just have to let it go and I'm looking for a rise with significant volume.

Certainly got some traction at the moment but funding issues still need to be resolved before we get a re rate.
Upside is that the market is no doubt pricing in a worst case placing. Need news to really get this moving.

JA is a polite man.
I just doubt his ability to get this moving.

My simplistic view is that if there is a rig contract then there must have been some agreement on payment.
I know we all have concerns about financing and placings and there has been a hope we can ride up on a PANR success which looks unlikely now although I have no doubt that PANR have hit a hydrocarbon resource that can be monetized.
The drastic SP collapse at PANR has had no effect on the 88e SP.
Just makes me think that the smart money knows something good..........or is that just wishful thinking.
In any event there seems to be a definite upward trend which gives me a lot of confidence that this just may be our day in the sun.

PANR have net debt right now.......that makes it bad if that's not statin' the bleedin' obvious.

it's a discovery not a prospect and anyone invested should have satisfied themselves that they were happy with it long ago.
I was !!
Without finance for the drill it will not happen and that is our problem.
Statin' the bleedin' obvious really but there you go.

As a neutral comment on OJ's Blog it was an honest history of 88E and it's funding vs SP.
I was surprised to realize that PANR appear to be broke and a cash call from them he implies will be difficult.
Goes some way to explaining their SP.
Maybe they overcooked their ramp last year but also if they were broke then why not capitalise on the rising SP at that time.
Overall very interesting.

When the company delisted there was a general consensus that it would be a good idea to get a share certificate mainly on the grounds that you might be able to sell your shares on any grey market that developed.
CTAG then stopped that ie prevented you from getting a certificate by delisting from Crest.
So you either have a share certificate or your shares are still registered with your broker at the time. Mot shares are still in the nominee accounts of brokers.
In the normal scheme of things then either of these situations should not be a problem but a lack of communication is certainly a red flag. However in the unlikely event that anyone gets paid out then it should not be a problem to get your share value paid to you.
If as has been suggested that there will be another cash call in some form........c'mon guys......just a bit more, we're nearly there then I think that will be the ultimate red flag and confirmation that this is just another ploy to get more funds out of gullible PI's.
No point in discussing it further, just wait and see what happens but don't hold your breath.

buzzcoin......you sound like a Pump and dump merchant talking his book.
BEWARE FOLKS !!!!

07:22 Ecuagold .......you ask me to say how dumb I am which would I couldn't answer because it is subjective and you require an objective answer from an intellectual giant like yourself.
How much dilution do I want ??........OK I don't want any but it looks inevitable and riding on the coat tails of PANR was a brief spike before any of the more current declines had started and which have not impacted the 88E SP at all as far as I can see.
This leads me to believe, rightly or wrongly that a placing is largely priced in.
I'm hoping for a JV but who knows........certainly not me.

Nobody's crowing about the PANR SP.....just commenting.
You really don't do yourself any favours by coming over here to trash the investment of a lot of good genuine folk and spouting complete bo_llocks about not addressing the financing.
You have a pathological hatred of 88E and anyone invested and we all wish you would just fc--K off and leave us in peace.
We don't hate PANR and we don't want any favours from Alkaid .
I wish all genuine PANR holders all the best ( apart from you SNOT ) just because you are complete ****.
Fill in the blanks yourself.

With respect Wolf I don't think JA is going to be replaced as TRP is effectively his company.
Out of interest ........who is A.R ??

My concerns are still the FCA donni and that won't go away.
Moreover, I think Jack Bai is a great serial entrepreneur but my view of Shane is that he is an arrogant bullsh_itter.
It could happen and everyone invested will become wealthy. Risk.reward and that's the choice of every PI.

Shane has been saying everything is rosy for years now.
The idea is great but my fear is that the FCA don't want us.
Regulators are not there for the individual but to support their masters which include the central bank.
It's a gamble whether this ever gets the opportunity to start operating a multi blockchain neo bank.
If it does then rewards will be considerably more than baa baa blacksheep's three bags full.