Member Info for shamI89

Are we talking about if refinancing gets done and they release good quarterly production rate.

Reminds me of premier oil in 2015/16/17, market was not willing to trust the company and company got punished severely.

Think, I am familiar with story here, so kind of know the potential.Things really got tough in December 2018.Lets see what happens but production wise company is in best ever position and outlook looks good.I was surprised when refinancing was not sorted in December but may be lenders want to see a consistent quarterly production rate.

25k is a magical number here but if they can hit 20k it would do wonders.

Was mine, I have traded it in the past. I first invested in 2016 and at that point company was running a pilot project. After that company encountered multiple problems.New management has been increasing production since it took over and I think that was stopping company from getting refinancing done.

think this update would affect shreprice that much. Right now there are some people who bought yesterday thought they would get a good profit if there is positive update , they would try to exit today.There are some traders who are looking for a quick trade if share price falls. There is nothing new in this update and everything has been priced in.

I thought ugandan deal would be concluded by now, but it can come at anytime.Nothing seems to be moving this share , oil hit 70 and it went down.

to see company concluding ugandan farm in deal. I still think that these lot have some attractive assets which could be sold to pay off debt or big chunk of it.

What sort of revenue are we talking about, if you dont mind me asking.

Wait another 7 hours and we will find out. 40% up or down.

It is not about what price they sell this holding at but it is about integrity.How can you invest in a company which came under short attack and said everything is fine and then two of its biggest shareholders are selling a big chunk of their holdings.They fully know the impact it would have on sp and still went ahead with it.

Sorry £10 or 1000 but let tomorrow come.

Let us see.I wish you good luck, I hope I am wrong but I can see company trading well below 10p.

Aa hell a lot of confusion, right now market would think that MW report was right and company is in big trouble. Now if BOD has been misleading us , what is actual value of this company? Can we trust anything BOD has to say?

of this today and sold them at a minimum loss.I wanted to get back in the morning.But I cant digest the timing of this "sell off" by directors and given company is under short attack. It would knock the investors confidence out. It would be really volatile tomorrow.

How can I base my projection on RTO, when has not happened yet.Right now it is all about cash and I still dont know what is their monthly cash burn.

0.02/0.03 should be a fair value based on cash reserves righ now in my opinion.

Well, that is the whole point of this bb, you have to have both views.Right now there could be some value attached to RTO but that RTO is not gauranteed

What is risk vrs reward ratio, Share can get suspended and delisted if RTO does not occur within 6 months.

Well, these are logical questions. It is better to keep your emotions away while investing, otherwise it can cost you hell a lot of money. Company only has 250k cash and it can be less than that .If "RTO" does not go ahead then company can get suspended and delisted eventually.