RE: My view26 May 2023 13:58
massive pay rise justification - answered, no (if a suitable jv comes along in the next month he will deserve the pay rise)
massive drop in sp - answered no (he obviously feels the like of you and shorter gang have driven the price down. he also knows the bonds are holding us back, i don't think he had a choice at the time as he needed money, but he wants rid of them asp)
why no rbl but bond only - why no placing earlier or a rights issue - answered, no (no rbl because it is incredibly difficult to raise money through the banks due to biden who literally told the banks to stop lending money to oil and gas companies.)
why was the rs report withheld - answered, no (he has already told you that he felt it was too complicated for the average pi to understand in full, judging by the panic shown here when rns come out i fully understand his reasoning)
what are the contingencies to reserves from the resources, answered, no
why did they say 1700 bopd in the flaring meeting when in fact production has been nothing like that - answered, no (because they are operating an oilfield that daily flow rates will change daily as maintenance/weather etc.)
why is the comms so poor - answered, no (because he is ****ed off with the likes of you and has had death threats, i would not be overly keen to be front and centre with pi's if that is their response.)
why have they not confirmed to the market that we are a going concern - answered, no (he has no need to because we are a going concern)
what has he done, is given more of the same fluff, you still don't know who the jv is, when it might be delivered, or indeed anything of actual investable nature and you have come away with only trust me's, well experience has shown me whether than has been a wise move. (what don't you understand about jv talks that are confidential, he cannot tell you the name of the company, he cannot give you timelines because he is not in control the major oil company is. apparently you don't have the brain power to recognise that a jv with a large oil company is a very investable situation.)