If ORCP need to fund some of the drilling costs then a raise or loan will be needed for sure, they barely have enough to pay for the office lighting.....rumour has it they use a prepayment meter....see previous placing RNSs from Naheed which are numerous.
Me too, LTHs rewarded enormously for being loyal and sticking with it.....you can understand a certain amount of animosity towards our esteemed CEO who has diluted us into oblivion with f**k all to show for it.
My thoughts are this will be in the red again tomorrow as investors have had more time to consider the running of ORCP historically and foresee the inevitable placing.
Naheed's done more placings than I've had hot dinners....always at a discount and always a pittance of a raise......couldn't run a bath......this drop is of no surprise to me, I'm guessing ORCP have enough cash to pay salaries for the next 6 weeks or so and no more.
Naheed cancelled the Directors Share Purchase Plan a few years ago due to the costs of running it, she said she'd look for an alternative but it never came to fruition....1.3% of ORCP.
RE: Hoping the shareprice stays this low...28 Nov 2024 08:22
Legalwolf, you know as well as anyone that BRES should RNS developments like this, stop with the negativity, 'filler RNSs' indeed....what are you like.
Placing a few weeks ago will have been blown by Naheed already.....her hand will be reaching out again before long, her expenses will have eaten into that £150k....she shops in Knightsbridge.....if you want to add or top up I'd wait until the next placing is done, shouldn't be more than a couple of weeks.
Mindful that more dilution likely within a matter of months if not weeks, just to keep the lights on, Naheed burns through cash like it's going out of fashion, usually gives shares away at a healthy discount too.