RE: RNS27 May 2022 16:48
Seagulls Fan, fully agree ie we knew the risks apparent with any drill. I took some profit off the table but kept a massive position, which I still hold today, as I thought the reward would have greater than the risk. Maybe if Peter had not been so vocal about the positive outcome in his latest interviews I would have taken more off the table, but not sure as greed always distorts some of my decisions. They found oil, but it was not commercial, end of. If I didn't have such large amount of shares I would probably add a few today as you buy a shell where I remain convinced that they have a great chance to deliver on their revised strategy of getting a producing asset; clearly the upside will depend on the deal and how it will be funded. That deal could mark the start of another journey for ADV. Enough from me as the variables are such ie do they close a deal, what terms and dilutions etc, that there is no point in speculating, For me now it's back to waiting patiently.