Member Info for Robsaunders99

Drooped 40% in 10 days

This can only add so much more value to the recoverable valuation that we have here.

We know its a monster and we know that we need funds.

We know that this will have debt financing attached to it, no dilution.

We know that once the first hole is monitised that the second, third and fourth will be self funded.

So why are we not racing away ?

Bondholders keeping this back ?

Very small share issuance /free float

The footnote of the RNS has a TLDR version of the process of reclassifying Contingent resources to reserves.

One discovery that has certainly taken the market off guard.

This values the company even on the worst case scenario with Oil at $70 a barrel at circa 80p per share on a non risked basis.

This is just on one section

Yes RECOVERABLE.... Not estimated, RECOVERABLE

They conducted an intensive review of the data that validates Pantheon's assessment of the scale of the resource. We remain on track to meet our strategic goal of delivering sustainable market recognition of $5 - $10 per barrel of recoverable resources.

This is the best bit

It is very rare to see certified resources of this size, particularly onshore and near to infrastruture

All for £100m MARKET CAP -

DIGEST THIS REPORT.

US retailers reported, wasn't rosy

Dick Sporting Goods big miss

First retailer to report soft sales

Lets see 1p or 7p first -

Too small to compete, need millions in marketing to monetise their products.

Market cap too high - Still

Trying to find loose stock... certainly short of stock and trying accumulate

Plenty of selling at the placing price. MM happy to get stock on board.

Patience with this, this will multi bag

Retail is still holding its own, strong across the board.

ASOS update will exceed

How long until Frasers makes an all out bid, he knows the longer he waits, the higher the premium

Strike whilst the fire is hot

Way oversold, cash in the bank, producing more than excepted and will rise as the months go on, increasing oil price and a JV on the horizon.

All this for £11m MCAP

Firework's in the next couple of weeks, once the placing stock has been washed thru.

We are not seeing any directors buying.

They say profits warnings come in 3's, so there are another two more to come.

Dumwhit - do you realise that they get given warrants, they have no monetary value until they exercise them, so its free money if the shares get up there, and have no risk

Or we are going down to the 88p level.

Shocked series of events.

???

Need 14, resistance is there, then we are off to 21p

But forget charts if we get an announcement

From the ministry.

Long time coming but we are there