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Ah...so the AGM is at 6 this evening so in theory he can discuss market sensitive information as long as its RNSd on Monday. It's been 10 business days since the last update so we might get a couple of snippets

I can't buy

I just checked my IG account it says 5% of it's Hemo clients are short..they're going to get their pants pulled down !

indeed callum, why would they bother their ****s improving the 7 wells and full workovers on at least 2 if they didn't think there was a business case?

We haven't seen any results yet Goldwish so we're a bit premature in talking us down aren't we?

I don't think so AZ I think the next steps up will be 2024 FY results in Feb then a further credit upgrade then news on SMR then dividend payments then h1 2025 results. Hopefully more news along the way. NTC has mentioned KOD on here presumably he's invested there I wouldn't encourage anyone to dump RR to invest in a spodumene miner in Mali..fraught with dangers and you could loose everything

I don't think they can reveal materially significant news without an RNS can they?

Indeed Goldwish but it's their $20m not ours that's being spent...someone at Selan thinks it's a really, really, really good investment so much so that they're willing to pay us production bonuses..getting $20m signed off is a massive ask in any organisation.

If Selan spend $20m without any increase in gas or condensate flow, I'll buy you a pint Goldwish

Hi Gordon, what's 795 billion between friends lol sorry I was thinking about Sunda but Cambay is in a much, much better place than Sunda..yes the reserves are much higher at a trillion but it's underwater and massively expensive to drill and recover whereas with SYN, their partner are covering all costs. Switch on the wells and SYN's job will merely be to count the cash

I agree with you there Goldwish, AIM is a very treatorus mistress. Micro and Nano cap stocks with little or no income are very very dangerous place to be with stockholder dilution an absolute certainty until the proverbial pot of gold is reached (if you'll pardon the pun) I'd rather be invested in a company with a partner, with plans actually underway for near future revenue and also with interests in UK decarbonisation than say a mini miner or propector whoever that may be.

Well Goldwish, there's allegedly 1 trillion cubic feet in Cambay so our collective hope is that the improvements and workovers will give us 2 or so cumulative mmcfd within a couple of months and the new wells will give output high enough to plug into the high pressure network with drilling to commence in q2 2025

C-70, C-63, C-72, C-74, C-77H, C-73, and C-64 from the 8th Nov RNS...thank me later Goldy

Selan are proceeding with gusto Goldwish...preparorty work complete on all 7 wells, new pressure gauges installed, hyrdotesting underway as of 9 business days ago and slickline operations commenced 11 business days ago. W/O rig contracted also. looking forward to further updates on Friday.

Surley the company would only pay a dividend when financially stable..it might be 20% of profit who knows the rest being piled back into R&D etc..long way off though and a few obstacles to climb.

Hi Sausage, Monday will be 10 days since the last update which seemed to suggest a bee hive of activity so who knows, an RNS next Friday is a real possibility

Well the FY24 results said they lost A$2.8 M so USD 1.62 suggesting a cash burn of USD 135K PCM so the USD 692 should last a little over 5 months....how much of the $2.5M is left I don't think we know but with a fair wind we should have workover results and improved flow rates from c-70, C-63, C-72, C-74, C-77H, C-73, and C-64. if another placing is required it will hopefully be on the back of a much improved SP

Wouldn't it be wonderful for all concerned if it works..imagine the relief for the patient and the patients' families. Exciting times and I hope the sellers regret and the shorters seriously seriously burned.

What about investing in Defence companies...why isn't he protesting on BAE Systems' board or Rolls Royce's...what about mineral extraction and the damage to the environment surely 10X worse than a company trying to save lives

Arghh bloody adverts safe to say a 20% chance per day of an RNS?