Member Info for Seawolf

I feel for you, being in both! I saw a news item concerning lithium in cornwall, perhaps Wolfe would have been better looking for that instead! You’ve got to smile in spite of what is going on here, it’s only money.......

Farmout agreed, but not yet done! In respect of the free carry It is a pittance compared to the true value, we sold the family silver because we were skint.

The thing is that Solo have little money and in distressing times they may have to take far less than they think it is worth, similar boat to AEX imho!

GIT, valid points and well made, I suppose that I am frustrated with MM more than anything else. I think it will come good in the longer term, but will have to take everything MM says with a very large pinch of salt!

Of course they agreed, it’s easy money for them and they are laughing all the way to the bank while PI’s are wallowing in dilution and a pitiful share price. Meanwhile MM has kicked the can down the road to a cash generative point of H2 next year, this is such a long way from the hype he has spouted for so long. Very disappointed now and a long way from break even!

Instead of this continual extension mode, what proactive measures are they taking with the Government to get this done? As far as I can tell, sweet fanny Adams!!!

That AEX took this to court, the government have caused this company considerable financial distress, delays beyond reason. Let’s have this sorted once and for all!!!
Mighty hacked off with this now......let the court decide.

Dreamy, I concur with the majority of your statement and MM always trips himself up with contradictory statements and lack of clarity. What we need is the run rate to be at the required rate and similarly the extraction rate. We could also do with facts surrounding plant operation which includes outlining exactly what has been done, what still needs doing and the timeframe.

I’m sure Gilead are pushing all the buttons at Sierra after NG’s departure.

For me this is interesting in as much as, when Tim answered a question on SRA737 this morning he said that he was happy to let this one ride for the time being. I think that Sierra may have finally got it’s finger out (pressed by Gilead I’m sure). We may see some kind of update before the next financial results ( Oct I think).

It will be good to see the written up responses to questions asked. A positive step forward on the comms front!

Assuming we get a farm out signed by the end of the month, and the licence extension, what should this be worth?
I can’t really get a feeling of it’s worth after all of this time and confusion, 2p, 4p or anything up to 10p post drilling. I know what I would like to see but who knows!
Still too many questions so I will have to wait for the small print.....yawn

BH, I too fear that this will now drift lower as those that recently brought on the hype, will exit. LTH’s will remain. The good news from the RNS is the application for Covid grant which I suspect will be approved, only a short wait until October!

Guys, for me it isn’t the timing or frequency of communication fro MM, it is the lack of clarity and contradiction. MM writes one thing and then says something completely different. It is this contradiction and lack of clarity that spooks the market, which in turn causes loss or lack of trust.
I dearly want Wres to succeed and in time I am sure it will, once we get through this period. I do hate Blackrock though!

CB, Anil may be off piste, or he has been given free reign in India, as his title suggests. In my experience, Indians like to business with other Indians, rather than with JC et al..... they also want everything at bargain basement prices, they want a deal. It is sometimes the case that by telling them to go away if they can’t afford it, spurs them into action. Time will tell!

That's a good summary CB but i feel you could have added a few more years! LOL

Belhus, entirely agree with your statement, buckle up Gilead are the front runners!

Nothing accrued for milestone payments, no mention of progress on the farm out of sra737, and no mention of CRT taking it back either. Looks like currently SRA 737 has come of the rails and hit a wall. Very annoying to say the least!

It’s OK being a mediocre CEO, if you are surrounded by clever and competent people. Sadly JC is neither competent or clever and I’m not so sure about others in the company. If Carlsberg made CEO’s we surely would need one!

Is the problem with this company, not the tech or the product. Everything is tangled up in so much bull.... that nobody knows where we are. This misinformation and confusion is deliberate, and why the SP will gradually decline again. If you are in profit, get out guys, otherwise you will be stuck (like me!). The only way to win with this dog is trade it.