Member Info for roxy2020

What good is the cash reserved and sitting for a purpose that you have no control over???

This is long overdue.

The point i am making is nothing changes until the boots are on the ground.

Let me put it slightly a different way.

If he were to say something totally positive and give us a very good Update in the rear future I would say many would remain sceptical

Thor I hate to disagree with you but the reality is this man has had 5 years in which to produce a piece of paper to confirm something which was only perceived as a done deal.

Surely the investors are not taking him seriously anymore

In a normal situation no news is good news.

NOT HERE . On this ride if MB think mum is the word its definitely bad news

Thats exactly my sentiments Master.

I have been saying several times before that the management didn't either grasp the problem they were dealing with or didn't have any idea what to do once they knew the tasks in getting the LP and the Mongols on their side.

A pity really as this is still a potential investment if we have the right people at the top.

GLA

For my part I would like the board to confirm that the LP issues are resolved and drilling is on its way for income generation and that is the only reason funding is required.

They have to spell this out in clear terms with total transparency. None of this cane kicking and waiting for further approval as these excuses have been made too many times.

Totally agree Investor.

@Investor.

The show's not over. This will turn around if we can afford to wait another few months but a cash raise is something that is definitely on the cards. IMHO there have been a few occasions in the past when I was just waiting for the announcement that we are all in for a 5-6 million fund raise. The 64000 dollar question is how many will jump if the simply have had enough and are willing to cut their losses and quit or just leave their existing investments diluted .

Let's all focus on the subject matter and not on personalities.

There is serious money at stake here for I would say nearly 95% of us.

What you wil get is some mischievous posts.

Just not worth getting involved.

The business side of this debate is more relevant to most

GLA

You could be right cyber but many have pointed out that the board would have to inform the shareholders at least 2-3 months in advance of a cash raise and some including myself think this is a very valid point.

There is a very good possibility this is on the cards tomorrow.

My suspicion is that many important issues haven't been resolved and judging by the amount this is taking we will see a drop in the SP but not by too much as there are many waiting in the wings to dive in to scrap a few quid in case it falls below 2.2-2.5. So unless you are totally convinced there will be good news all round ref production starting July or around that time Manx you have called this right.

GLA

Folks .

AGM Tomorrow. Which direction is this heading.??

Any guesses ??

Everyone seems to think its someone else's fault they are in red here and not theirs.

I agree to some extent with that but seriously that is not in the slightest a factual argument.

This is how AIM stocks are and their movements are unpredictable to say the least.

The rewards are great too when it all goes to plan

We all knew when we invested our hard earned money that this has many hurdles to overcome so although we can fill dissatisfied with the progress we shouldn't blame it all on the company although the board has messed it up a bit.

This will now take a lot more time to come back in fruition but it will.

GLA

I have listened to too many conspiracy theories and one thing that is not mentioned is who has the b**** to overule the provincial guvnor.

This is the core problem Because until this is done and sorted we are all going to stand exactly where we are

Fund raise fever is catching up here.

I think master is right IMHO no more money as investors are sick and tired of lack of progress.

Once LP IS DEFINITELY CONFIRMED than the game changes

You will be lucky if this falls below 2.5 now

Too many waiting as already witnessed this morning to dive in .

Everybody throwing in something to scrap a few quid

The shows not over by any means .

IMHO this RNS was just a catalyst for some more sombre news.

We shall find out on Tuesday

No chance DOC . MB isn't revealing anything.

Won't be getting anything useful or of substance from him.

There are two components required for a good investment.

A good product and we all know oil is an excellent commodity and secondly a good and efficient management team.

We have one but not the other

Those who sold part of their holdings or jumped the ride did so due to this board telling the investors time and time again the same old BS.

This is a good investment if the board can get their act together and really get tough and show progress with transparency and clarity.

That I am afraid is not happening here.