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Yes Botham l feel that over the years the share chart performance or under performance to price is related to placings and this is making LTH as l am diluted to slush . This in my opinion has to be addressed for my involvement beyond position now and again in my opinion l do not see why this is not part of a plan to increase share price . Oil price lately was a saving grace as it helped making our position but this cannot be the only catalyst .
My opinion
Opinion on your post Ford
All the content is based on current or projected data.
Next flow rate news we hope is good or better and any other production is just as is l presume , so my question is : the last section of your post is outlining possible scenarios to if , how , and the dreaded bit placing possibility ? 6-7 billion shares not inc future warrants if exercised ! The placing option as in all the past leaves the share holder out of the benefits of risk and reward! It makes it two tier as the funding comes from 3rd party and get free access to a range of benefits from share holders foundation investment which is investment getting company to the stage of placing ,,
Worst still for the LT share holder is dilution verses production !! Increase of production is limited to flow rates which to date on most production has reduced on past projects Falcon example , then if the proposed plan does hit issues the placing then hits the reduction in share price added to dilution !
So my point of question is if placing is all that is offered to LTH where is the value ! As the + production value relies on share price rise which is just not there and is a LT issue for me .
I have always said consolidation and grow on production especially with increased flow rates if stable .
My opinion
If all continues to add to production and wells reworked at Cinnabar we need to in my opinion fund our growth and build a solid base to support the production produced , given that the numbers continue as good as the RNS states l am sure BOD will have the opportunity to get share price to support LTH that have supported them and are glad to see the positive production now .
Growth part by production is stable and what the market want and us .
Great week on production here
There are posts that just make you laugh!
Read the posters views on there page and make your decision who is desperate .
Good news today ! Long may it continue , BOD show us the results in under a month with no placings and the share price will just have to rise in my opinion .
GLA
The strange point here is ! Georgina energy ! If it’s just a no go why are we still associated with the deal ??
It has gone on for yrs and all l get is it will never happen ?
What is the angle on the association other than the deal never happening ,
Ford your opinion maybe ?
Update given and nothing negative so far ! I am just listening to RNS statements as these boards and posts are just not where we are at .
I’m ignoring the past till the results are here and as l said many times show me the money and l will wait .
If good and flowing above expectation this will be a popular punt and price will retrace for many and that is my angle on situation as it stands .
What l do then I’d dependant on good or ok news .
Till then just let’s tone Down the negative till proven so just speculation .
My opinion
Well lm banking on the above statement , feeling good rates and further news on additional drills at Cinnabar ! In my opinion given gone quiet and slow trades , Mm need news to shift these and with nothing new for now hence the trading slow down to nearly stationary ! Once speculative we should quote should move depending on how good the news on flow rates are . Here’s fingers crossed ! John good one please .:))
I’m hoping the flow rates are as expected and the next weeks/ months will hold good news for share holders as l think the market has had there share !
Cinnebar could be the stable wells we need and then would justify site work and income increase , any thing else to me is a bonus well overdue in my case .
Here’s hoping and expecting news ASAP please .
So. Now with the placing done and the list from RNS on the 27th Oct mentioning
2. The cost of bringing the Cinnabar-1 well into production, including a new flow line from the wellhead to the existing production infrastructure;
3. Refurbishment and upgrade of the existing production infrastructure;
4. Progress the examination of the feasibility of workovers at Arco-Fee G-1 well ("G1") and Arco-Fee G-2 well ("G2") to increase production;
5. Commence planning activities in respect to the next Cinnabar development wells;
So of l read it right we should have report on production and the ability to start up G1 & G2 as both have been drilled to depth of 10000 ft ?
Question would be cost of producing from G1 & G2 and is there any allowance in placing for that ?
I am after the ability to produce a higher share price and the above with consolidation in the near future is the way forward .
This is dependant on the above being good to better or excellent .
Aus potential l have not included as l feel that is speculation till title agreements have been agreed and we are in a better position to be included in the whole exploration thing of sorts .
Date for the above would be appreciated BOD