Member Info for Skippysb01

Clearly in the de rapper boiler room they decided that going on and on about the BOD buying more shares. Yawn - it's one of the very worse indicators of future success that there is.

Did you just agree with yourself there?

Its Leematt and the broom is up his @@@@

It's very relevant. When Tai 3 drilling was finished and we didnt have enough data and hadn't been able to drill deep enough, the wheels seemed to nearly come off HE1. At the time the decision to get the rig over to Itumbula got a lot of pain from shareholders. LB was proved correct and even to the extent that she decided to move the target well at Itumbula after they had spent time prepping the pad etc. such was her conviction that they had leant valuable stuff at Tai that informed the best outcome for Itumbula. With hindsight she was spot on.

We have a CEO who is a very talented geologist and we see a lot of negative on this message board about how she doesnt know how to be a CEO (I disagree). But LB as she said in her words has 'found it'. We are in a very different positive situation now and I'm prepared to wait out the prospect of a discovery which for me is now far far more likely.

The point re off takers is that HE1 used the words "will then be in a position to advance discussions with off-takers and industry partners". This suggests they have off takers but will need to well test before finalising any agreements.

To 'advance' does not mean to 'start'.

It's just semantics. Noble will need to prove the flow too.

The cat is floating mid air.

It's recovered today because it was oversold, not because of what the Noble CEO said. It would not be the first time Noble had done a positive presentation and/or mentioned HE1.

Was the previous presentation misleading though? She specifically talked about long term opportunity for investors. I took that to mean we were at the start of a journey.

I too bought some more today. Will keep some out now for a placing if it happens. I think you can be fairly confident the Market Cap will be much higher than it is today going into the EWT. Also it is not unheard of for to get a farm in or JV before EWT - or even drilling - so anything is possible.

Oversold right now.

Some will leave because they want to do something else with the money before Q3. Others will accumulate. Some will do something in-between.

Some will be keeping some powder dry for a placing.

Honestly, when the EWT starts I think this will be in a very different place and believe me that the de rampers agree - it's just trying to game the SP for them.

Equilibrium 'here is zero excuse for them not issuing another statement to say that there is no reason for a 50% drop in a week. '

What could they include in such a statement. Th SP has fallen because the EWT work is perceived as the next significant event and that will be Q3. What should they include in the statement that doesnt break regulatory rules but is true?

On a more sensible note. What does the board think the EWT will cost?

We are all holding, accumulating and ignoring the stupidity to be frank. Looking forward to Q3 and plenty of news before the EWT.

You could have started with the last paragraph and then nobody would have wasted half a Sunday reading your epic de ramp. Like watching dust accumulate on a mantlepiece.

That’s one well with no assisted lifting.

She wasn’t downbeat so hard to believe anything else you write. I thought she was authoritative.

'I think they are panicking a bit, which we can all clearly see'

I'm sorry but what and who is this about?

This board BOD members buying shares in a big red herring. There are no indication whatever that it demonstrates future share price growth. Also there is nothing to suggest that LB has sufficient funds to buy lot's of company shares even if she is allowed to. A lowball amount would be distracting for the wrong reasons.

LB will is clearly career minded. Her capital is making this a success and making strides as a leader in the industry.

Honest_money. Not very honest and certainly not very bright.

Imagine a world where your logic applies. All those advances the human race has made over the 100s of years lost because nobody could see beyond drilling more than one well. BP - went bust because that one well just wasn't enough, Shell - but we couldn't do more than one well.....

Also. Creating 'shareholder wealth' is not being understood. LBs job is not to make the share price go up to support the ambitions of PI's on a short term basis. It is to drive shareholder value in the long term. It isnt meant to be a temporary sharade - you can trade if you want to but when you do you can't blame the company for the ups and downs when it doesnt work out for you.

LB will be focussed on the bigger ambitions of the company and that involves investing via AIM rules to create a profit making company. That is true shareholder value. To say LB isnt a good CEO isnt taking into account the recent successes which have been led by LB in order to advance towards those ambitions. Unfortunately that has included having to make some very tough decisions. You could look at the decisions made and say 'that was great', 'that one was bad' but there have been some really good ones (the decision to move from Tai to Itumbula now looks like a stellar decision) and some very tough ones (the big dilution fund raise - but the company would not exist if that didnt happen??).

We will all think she is great if they announce a commercial discovery in the summer.

So don't put all your eggs in one basket.

The extended well testing in Q3 has the potential to be a huge catalyst for the SP and I think there will be a lot of news before then. So plenty to be hopeful about but in future spread your eggs IMHO.