We would love to hear your thoughts about our site and services, please take our survey here.
You also have to consider if planning is granted in November for wrestle we will be generating £3.5mil a year free cash flow. Not sure what that would equate to on a mcap on its own, but add other assets and a profitable company, don’t think you’ll find many better on aim
Even IF WN doesn’t go to plan, we have a free cash flow situation within 8 weeks elsewhere
Don’t lose sight of that
I think the point is, as YinYang made well, is CO makes a rod for his own back. Spouting on he is cornerstone investor (ie loyal long term investor, supporting the company), yet sells on good news under a month later.
Whilst I agree he is here like all to make money, he makes a rod for his own back with “cornerstone” comments which quite clearly he is not. He is a trader like any, just using bigger numbers
Sorry, but that’s reality
I thought a 100 trade was supposed to be MM need shares.
apparently
100 I need shares.
200 I need shares badly, but do not take the stock down.
300 Take (or I am taking) the price down so I can load shares
400 Keep trading it sideways.
500 Gap the stock.
MrD, I don’t think it’s about deramping (well not from my point of view), it’s peoples risk perception.
If Heron was due first, this would rise on the high COS but my feeling is people don’t want to be in for RD as the first, with the lower COS and if it’s a duster they are then holding at a big loss, with all hopes on a Heron and needing a bigger rise
Other way if Heron was first, a success, price rises, confidence is back that matd isn’t a duster company and RD becomes a bonus drill.
That’s my view anyway hence peoples reluctance to risk when you have safer bets in the market for the next 2-4 weeks like UJO, I3E
Let’s just make sure it flows first and get the rates. Still getting my head around the gas gap, so you’d like to think free flowing and pressured yet we appeared to be pumping nitrogen in like it’s going out to fashion and shutting the well in rather than continue data collection.
Yes I fully accept it’s now a change of strategy and I’m far from an oil expert but would like to have seen a few more days of well on test with tanker movements. Still unsure as to what the change of strategy entails from a testing perspective bar a bigger separator
RNS was a bit short on detail here sadly
Suppose I’m just looking at the likes of Bloe. Also surprised to see a CPR update planned so soon when it’s not even flowed
Note RBD team saying data coming in daily, but what data? They couldn’t have tested for more than a few days and now it’s shut in.
Great news and positive just needs a bit more meat on the bones now :)
Flags grow up you idiot. I was simply sharing what happened at AAOG, and my view on here with what is now reversed drills! Emotional investing is never good. But I guess you need to ask why this has lost over 30% with drill bit turning
Each to their own and good luck
Saw a very similar trading pattern on AAOG few months back prior to news. Constant 10-20% drop weekly, nearly every day red. Smelt a rat, so sold. But this is a very similar drop, look at aaog now. I would be preparing for the worst here, even more so with the politics of the drill
Got feeling RD will be a dud, big sell off, then back in for Heron.
Problem they have is it was meant to be Heron first which would have a positive effect followed by a risky drill. Sadly it’s now reversed and appears people don’t want to be in for the risk on RD a
And we have all been royally shafted
Nightingale saying what? I think we’ve had our dose for now. My personal expectations is a week or so downtime, flow rates end of September and new CPR back end of Q4.
As RBD said today, CPR takes time, even more so if they want to get it maximised
Sad thing is it will be dull without the “tanker spotting” and swampy reports on twitter, so I do hope we get action again very soon ;-)