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Professional it would be fair to say that some very fundamental progress has been made today . So in that sense I would agree with some here who are excited and feel we are getting there at last.
The SP hasn't gone north without a good valid reason. What we now need to see is if we have any further hurdles to overcome before we can actually get the black stuff out of the ground.
That's a debate for another day.
GLA
Well let's look at it logically.
If this RNS is clearly implying that drilling has no further hurdles than this SP is way too low and the stock is undervalued .
There is a possibility that something is not crystal clear and one or more hurdles need to be overcome
GLA
Well folks we have waited and waited.
A few more hours or a day or two will clarify the situation.
I see progress has been made but this doesn't somehow mean we are all ready and dressed up to start drilling .
The shows not over
I honestly and truly believe this can turn around and all we LTH deserve a lot more after what we have been through but it will take a long long time. There are no quick fixes here . Greater things will come but we may need to put in a little more in terms of a time and even cash to get those long awaited rewards.
GLA
@doc
Yes I agree that I was bullish about the investment prospects here and it seemed at the time that WOS was a good poster and his analysis were accepted by many.
However every decent investor who has an ounce of a brain reviews his investment strategy and starts to look at the picture within a given time frame. And I have done exactly that.
To me personally it doesn't matter if Wos is right or wrong or something else.
I am posting ALWAYS about how I personally feel this ride is going.
GLA
Anybody now of the opinion that this somehow is going to shoot to the stars is deluded.
Unless we have a very good RNS in the next week or so there is a chance this may stop the demise of this ride.
Relying on some here with a crystal ball ramping time and time again isn't going to or get anyone anywhere.
I agree in principle with what you are saying Investor. But its a bit like comparing Tesco to a corner shop.
One is a billion pound international company and has almost a monopoly in the manufacturing of aero engines. Our lot here are minnows and will be asking for more cash (hope not) if there is no clear indicators in a couple of months.Having said that RR have turned around to profitability because there is a direct correation between airline flying hours and engine servicing.
Just hoping (and I mean literally hoping) that we get a tailwind in the form of some positive news and this would push it north and at least get it to 5-6 p. If nothing for 2 weeks and this will go south to 2p
Its a great shame. Its a good investment product.
GLA
@master
Agreed he is not CEO material.
Problem is we are stuck with him for the immediate future and secondly there is no guarantee somebody else can do any better.
And with regard WOS.
He has posted some interesting and excellent analysis here on this board but I dont think even he can be certain of which direction this is heading. Its a wait and see ride from now on .
Just my opinion folks.
GLA
The its coming brigade is at it again.
Folks!
We all know its coming but there's no logic or it doesn't explain anything what is going on now.
Until there is transparency about what the board are doing to achieve their aims it doesn't mean anything