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Been a follower and holder of this share for quite a while now. Not seen the share price this weak during that time. Does anyone have an overview of how house sales are going for this company at the moment? Is this just SP weakness due to a quiet news flow? Many thanks.
Sageman SS holds over 12 million shares that he bought using spare cash from the tea fund. They must have changed to a posher type of tea though because the share buying stopped last autumn. Just a token gesture, nothing more.
I wonder if this requirement was potentially expected and prepared for? If so, and I would expect nearby countries with an extensive E & P oil and gas industry such as Syria to be a potential source, how easy will it be to obtain the equipment quickly? The share price dropped I suggest not because folk think that there may be no hydrocarbons to produce (remember the high tech smelly vision logging!) but because of the perhaps unnecessary delay this is causing. I just hope the wait will be worth it!
Yes best not to put the cart before the horse. If I was a Sheik in Dubai I wouldn’t rush to build the worlds next tallest skyscraper using this new product just yet. Perhaps the mechanics of mass production to ensure an adequate supply and further evidence of other product qualities may be needed to demonstrate its durability etc. I do however welcome this important progress and would love to see a recovery in the share price.
Another director top up notification. Pleasing to see. I topped up early yesterday and feel comfortable having done that. If the directors see the share as good value who am I to argue. 🤷♂️. I hope we start to get an enhanced news flow over the next few weeks indicating how the production rates are ramping up post shut down.
I rather like this new technique of logging by smelly vision. Science know no limits and this new method is likely to revolutionise the oil and gas sector. Divining rods will be thrown on the scrap heap at last. Real progress.
A local BBC news item today stated that the company managing the Bilsdale site said the new mast will be back in use by the start of the summer. Job about done then. Well done to all concerned.
I’ve sent a direct email to DR concerning finding out about the cash raise via Twitter and not by a direct notification via their direct company email system. They used that to notify about the trading halt. Would have been sensible to give details of why the halt was needed the same way. I feel Calidus has lost its way slightly. I hope this gets them back on track.
Smithery, you hit the nail on the head. ‘………. around mid year.’ That would be roughly three months away? So what preparations are in place? Has the well site preparation been organised? Has a drilling contractor been signed up? It isn’t a question of phoning up the local drilling company guys and asking them to pop round before the end of the week. If the timing you indicate is to be met I would suggest that the planning would be quite advanced by now, materials on order (part of the critical timing path) and a detailed schedule in place. The other third party shareholders must be key players in this too. We will see. Whatever happens the outcome of that horizontal well will, I suggest, be very significant for the true value of the asset and the company. For that reason alone I would expect far more clarity and visibility if, as we are repeatedly told, they are going to unlock value for shareholders. Just my view. ATB.
Absolutely agree with that Optomistic! Nice chats don’t create value, just hot air. The CEO duo were taken to task last autumn over their painfully slow and uncommunicative style. They promised to up their game yet months later we are still in the dark as to the when they will progress our largest asset, West Newton. Now they have another unwanted problem to deal with. They need to show just how unrealistic such a takeover is by demonstrating, with the drill bit, the real value of our asset. Just get on with it!!
I can agree about the need to commercialise the products VRS now have. That will be key. The recent tweet from VRS of the suite of products they now hold was quite comprehensive if somewhat baffling in terms of the technology involved. It needs someone who can sell the tech to the right end users who can convert it into £. The recent news about cost implications for HS2 must surely be an opportunity.
Shocked and disappointed to see Neill stepping down. This is/ was his dream and I feel his departure is a huge loss to the business. I sincerely hope we shall see an appointment of a suitable successor made quickly. This is a key moment for the business and investors.
I’ve looked at Henry Boot on and off for a while. Your comment re Mr Gladman caught my eye when I returned for another look today. Thank you for that. Interesting.
The need for a further supply of cash from one source or another seems to be the underlying message doesn’t it. If they start to get some decent orders for Concretene etc. ie big volumes, then things could start to develop. IF!!! It’s a case of watch this space I think. I intend to increase my holding over the next few months in order to average down further (the last cash raise scuppered my very decent average) but this coming year or so could have all sorts of twists and turns. Nerves of steel required.