This subsidary was first refered to in an rns about 4 years ago and is occasionally refered to today, but does anyone know what is it's purpose or who actually own's it ???
Some of the new issues that have crashed since listing just last year, Revb,, Polb, Parsley Box, Procook, Ciz, Polb, Thg, Deliveroo, all made their existing owners very rich and new investors very poor indeed.
They may not be in any rush to get this out of suspension until some progress is able to be reported at the same time to reverse the decline in the s.p.
Should see a proper xd drop in the coming days which for some reason did not happen for more than a few minutes at the time, I think most were expecting 76/78p, which should be a good entry price imo.
Happy days not, they should have sold up after proving oil flow at the Paradox or raised less and drilled once more to prove up further, not spent a fortune on nodding donkeys, investors are going to need a lot of patience with this strategy imo.
RE: Must admit I'm a bit surprised that the3 Nov 2021 17:56
It won't in all probability move before the test results unless there is a leak of information which there should not be, plenty of confidence from the company but undeniably at a risky stage now for investors imo.
The listing price was 20p, yes the usual first day spike never a good time to chase it so not doing too bad considering. We have had in just two months an important executive appointment, detailed interim results, a progress report and a fairly significant director share buy. This is a real company, patience required imo.
This company is something of a rare beast oiler as it has never as yet issued even a whiff of bad news, unheard of in this sector almost too good to be true, makes me cautious.