The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
We keep Sidi and go again. Quite happy with that.
Time for a further top up.
FWIW I don't think they have completely given up on TE10. Could Shlum do anything different to get the flow? Could anybody else apart from Shlum get a better flow?
I would be astonished if there isn't a RNS tomorrow morning updating on strategy and announcing the resignation of Brian.
JP did well restructuring Echo recently and that seems to have left them on a more even keel. Let us hope he does something as good, if not much better, here.
We are not cash strapped. The fact that they are cutting back on salaries is good of course. To me it indicates that they are going to push ahead with TE11 and then sell immediately after. The fortunate (?) thing this time around is that the remaining cash does not afford them the luxury of dicking around for another 12 to 18 months.
Well I am keeping my counsel until Parsons has had a chance to explain the next steps. But today has amply demonstrated the magnitude of Fez's personality disorders. The greatest disaster from the results today is that we will have to endure him for much longer.
Inspirational from Jez about TE10: "it could go one of two ways" You would normally have to pay a fortune for such insight.
"Jez, nice one! SG getting a taste of his own"
"taste of his own"? Not sure I understand Joe.
What if it lands on its edge?
Blimey. So much wetting of nappies going on here. To those who say that the Company would not hold onto good news.....surely the reciprocal (look it up Jez) is also true. So no news must mean bad news. If so it must also mean good news. Round and round and round in circles we go. Remember this isn't just about us. Based on the politics and history, the Company will only announce when absolutely sure. And once the government and royal family have sanctioned the RNS. And save the nonsense about SOU being answerable to shareholders only. This is big politics.
"I doubt the plan was ever to know the result before the AGM in case news was bad." Not everybody is as spineless as you Joe. So it is very unlikely that the results have been deliberately drawn out to avoid a hard time at the AGM.
I actually think it will be a virtually impossible AGM for them if they did not release a RNS beforehand.
Whilst they will not directly answer the very many questions re. TE10 that will be thrown at them, their body language and the tones they respond with will give the game away. Therefore, those attending will be at a very distinct advantage.
Davey. You have seen as many, if not more, significant buys. Glass half full versus glass half empty. Surely buying shares in oil and gas is for the optimist?
OK Davey. The unstimulated testing has been completed on TE10. They will also have a very good idea of the initial stimulated flow by now. So, if there is a leak, what has the last couple of days trading days told you? Is it good news or bad? Because for me the trading has told me absolutely nothing. So I can only conclude that there has been no leak.
No leaks Davey.
Actually I thought the volume was surprisingly low. Clearly there are absolutely no leaks coming from SOU, which given the politics and history is no surprise. I am sure the royalty and government will be keeping a very careful watch. And that is not hyperbole. Next week could be the week folks. I am in no doubt as to the outcome. I would suggest that if the Company thought there was significant doubt, they would not have expended so much time, money and other resources.
Indeed....what a cook he is!
Gurpreet1980 seems obsessed with other people's averages. Bizarre. I would have thought he would only be interested in the average price his wife paid for her shares. Very odd.
Yes PNE, that is true, regardless of the rate, and I have had it confirmed. Remember how big and politically sensitive this is.