Member Info for Shagged

08:00 'the drill equipment may not represent the latest kit'.

Yes, that is a concern. If the drill string breaks again (or already has) this could ultimately lead to the postponement of the whole drill at this location if it is concluded the drill is not up to the task.

What does David do then? A few options:

1) Announce a complete halt to drilling until a more suitable drill is found. (Lengthy delay ensues)

2) Start the whole drill again from another close by location trying different methods?

3) Abandon drilling here for now and go to a completely new location?

None of these are ideal solutions and would result in a serious collapse of the share price.

The radio silence since his last interview in which he stated he would keep us informed on the drills progress led me to reduce my holdings by 50%.
Today I intend to reduce by a further 25% and await the next announcement.

I fear it will be more drilling issues.

Quite Seahawk. He did say he would be updating the market as the drill progressed only last week.
At this time he'd also confirmed the sidetrack had been successfully completed, so all being well we should be way past the previously announced zone of interest and yet no update.

I smell further drill issues which would be concerning, particularly with the many negative consequences that could arise in such s scenario.

David said words to the effect of he would keep the market informed as drilling progressed.

High time for an update then on exactly what helium shows they were going through when they ran into difficulties? Depth of shows and percentage would be nice. Let's go David!

Stay, without a shadow of doubt!

10:41 Wow do you really think it could go that low?
That would mean the Bitcoin they hold would be a little short of half the entire market cap!

A slight delay but more positive helium shows which were also increasing at the time of the setback and at a depth they weren't expecting much.
Bodes well for main prospects.

This is a very positive update all in all and any attempt by MM to lower the price will most likely be quickly brought into.

Mervv you tool. The banks wouldn't touch these people. Is that too difficult a fact to grasp?

'while the Amigo shareholders were to be allowed to retain their stake.'

The Amigo shareholders are not a constant unlike the lying, deceitful borrower's you KOK!

Have to ask yourself why on earth should the board concern themselves with this any more when they can now legitimately walk away after paying off the bond holders?

After the judges ridiculous decision it should come as no surprise if they do decide to throw in the towel and fold the company.

I've folded at a loss.

GLA

Can't afford to sit here at 5p for months. May revisit at the end of this year.

PRD drilling on land in Morocco next month and much better short term prospects than this shower.