RE: Upstream ADM Part 12 Feb 2022 19:11
truly pitiful volume, court case still looming, no barracuda CPR, declining
output from two wells at aje, project debt still owing so all aje revenues just
disappear into that black hole, no other income, massive monthly ongoing
cashburn on BoD pay and perks (“admin expenses”), no money to pay their
share of any future drilling and development costs, and lots of disgruntled
large shareholders trapped underwater in this festering lobsterpot of a share.
very thin volume, so not hard for someone to manipulate the price
up or down by 0.2p if/when they wish, but the dismal volume is a real
give-away. everybody & his dog knows that this is one of the absolute
worst shares on AIM, with useless management and very poor comms.