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I hate to say it cobrakai but a lot of people have been played here and it’s still going on via twitter etc. I, myself, was contacted on twitter by someone I “befriended” at the AGM urging me to buy more days before the recent placing. I had no interest in doing so and well the rest is history. Sadly it’s a case of trust no one on here, not even those you actually meet.
I really don't think you can make too many assumptions about what will or won't happen as a result of the recent RNS.
It was preliminary observations, experts and relevant personnel from all parties will be pouring over the data and deciding what is best to do next. The WP is still in place although why is currently unclear. We haven't been told the well has been plugged and abandoned, yet.
After the first failed exploration well, JOG specifically said they were considering the possibility (along with the joint parties) of a sidetrack but that it was unlikely. They then went on to decide to do a sidetrack and well we know what happened next.
Perhaps this time they have been deliberately vague and I'm certain whatever they do the data they've collected thus far will be used for future drilling purposes. They certainly wouldn't want to make the same mistake again, would they?
In any event, it's all speculation at present but there is still hope. We're down but not out - good luck all holders!
That's far too rational an explanation, LONGWAIT ;)
Characters like Dave do very much amuse me when they pop up, like vultures feasting on a carcass. Although it's very uncertain times here I'd much rather knowing the extent of my losses being long rather than holding a short that could be obliterated in an instant on the news of a sidetrack or similar.
Trigger you seem to have issues mate. The constant reference to city spivvs masterminding campaigns to relieve PI’s of their money when what happened here is the appraisal well didn’t pan out as the company hoped. You’re not trying to save anyone other than your own short and that’s obvious due to the condescending and vexatious tone of your posts. Most liked a broker led poster yourself.
Never has so little been achieved with so much money. We’ve all been mugged and I’ve more self respect (and more sense than to over invest myself) than to pander to the ego of a perennial loser (Minty) by issuing grovelling accolades to his creative (some might say confidence trickster) abilities.
Just another example of the sheer ineptitude and financial mismanagement by this BOD if you ask me, SBP.
Guys come on. Irrespective of whether rigs are available or not it can only be a good thing that the WP is still in place since Tuesday when they would have already known the preliminary results. I really do hope we get an RNS tomorrow explaining Lee of what’s going on. I simply can’t believe that they will not do whatever they can to gather as much information as possible including side drill if need be whilst they are still in situ. The stakes are high here for sure but I am finding the levels of negativity quite disturbing.
Hear, hear, Cobrakai. Although if I were to put money on it I think the company have been playing PI’s and also playing PI’s against each other for the best part of 3 years.