Member Info for steakpie

Given the production numbers today there is nothing to get upset about ! To the contrary ! I feel given the production increase market will see the low cost of increase at production.
If this continues and improves the price here has to increase .
Oil and gas sale price reduced per barrel but production increase off set that and if they increase well perfect , let hope london visit is to analyse
and formulate a way forward without a raise at this level . BOD make this london trip for anything but a raise as most others ended up with a raise in my opinion l think

Three big question marks ! I personally feel that BOD have the ability to move the next stage on and l hope they hang out for a deal which would match the expectation, but time needs to be used to our advantage as l feel in the past it was just out of reach . Act now and get this motoring .

Number of posts V number of trades ! Always a giveaway on the AIM , something on the brew ?
Let’s see

RNS is just stating position and lm happy with that as l asked yesterday for clarity of position at present lots of posts are usually negative when something happening ? We will see

It would be good if BOD within there remit announce that ongoing discussions have been carried out as planned so as we know meeting with Chinese or others actually took place ! This would keep the interest high

Well that is just our luck

This is better than the lows so let it continue ! Nothing ventured nothing gained , let’s just see !
Enjoy wk end

FF we raise funds at low cost of share price so not only diluting but reduces share holder market share unless they keep adding ? The future here for me is like a dangling carrot in front of a donkey !
If things are so good at cinnabar why raise just 300000 and not self fund it ? This raise is covering day to day issues not progression in new equity production as drill next will still req ?

More is better than none ! Simples

Size of trades are encouraging .

News that US Drilling stalls in permian basin so that should help the cost of rigs ! Unless they go to New Mexico after auction of fields ! Interesting times

Well 12 months expected from listing which now would be after April ? Guess away onto how long it actually take given funds not raised yet to amount required l presume ! And it goes on .

Would stock transfers show up as publishes day to day trades ? As monecor off loaded last wk ??

FF got that as future prospects ! What l am after is a projected commitment time scale from BOD !
E.g GE has produced timings for IPO which to date have not materialised ! But how are we any different ? If we don’t believe our partner can produce the goods how are we ?
Just a simple can or cannot move forward is a clear indicator for an investor like me .
If native land agreements are holding us back for 8 yrs etc we need to know how these will be addressed and that’s all .
My opinion as always

FF just a question in your mind what is the main game here as an investor ?

Share price !!

Well back to static trades ! This is just a bottom feeder with just no upward momentum , just very droll after expectations .
Needs something to change and quick before we all loose interest

Well unless the share price motors up the warrants are irrelevant in my opinion !Would love to see the day they have value to share price .
Let’s see what pans out here

Alternative to dilution ?
Let’s start with prior , if we were to dilute the share price has to be higher or news that can accomplish interest to raise profile beyond oil .
Ep145 sacred licence done now we need the other approvals done not just mentioned in RNS , then interest in this side of things would gain momentum in Mosman , but it has to be pumped by PR .
In the mean time rise in production numbers from existing production again to raise profile and then raise if required but has to be higher or we are just not getting the interest as if we cannot raise share price in my opinion we are just turning over wages and costs , that is just not investor potential for me
It’s not what can we do but what has to be done !!.
Question for FF if you are not positive on GE what do you suggest is done with our interest in the permit as if GE are not progressing it it is worthless just putting them down on IPO , again no action no news . My opinion

Agree with that