Member Info for steve58

Seems to be ok.

Strange to issue an rns with no update on flow rates.

I thought they would have waited until production recommenced.

Looking forward to next update.

Did take them 20 odd years to do so.

You may have a point there.

If this mine is going to make a huge amount of money you would think that the banks would be pulling their hair out to get this sorted.

The banks are in a win win situation.

They had better get a move on if they want their cut.

Agreed even at 150 a day still £3 million income a year. As long as overheads are coveted then shouldn't be a problem with solvency.

Of course money for further drilling etc maybe a problem in the future.

We have to hope that the flow rate is nearer to 900 than to 250.

1000 barrels a day is about £20 million income in a year.

We have low extraction costs so if the flow rate can be increased it should go straight to the bottom line.

I think a lot of us would be quite happy if this was a penny share.

Only a mc of about £100 million

Quite feasible if we could be pumping over 1000 barrels a day.l

Wasn't it supposed to be warm winds emanating from the Sahara.

More like warm wind emanating from a cows a***.

Well at this rate they should have about 200000 shares by close of play.

Problem is it would have cost them at least £6000 in charges.

Given the constantly falling sp the options would have expired worthless.

Instead they blame the long suffering shareholders cancel the options and take another £450k out of the company.

They are even taking the money backdated to 2020.

What an incentive for doing almost nothing these last four years.

Mustn't forget the millions for horse Hill and for helium one sales monies received.

Nearly forgot the £1 for reef.

Should have missed out the last four words on your second paragraph.

How many investors have lost countless thousands here.

Notice how the payment is perfectly timed.

So 500k gone from the shareholders funds already.

TR will have a good retirement.

Loss of office payments probably still to come.

So you can have your cake and eat it.

That would be great.

Rather have 8.3p by 4pm.

The problem of distributing funds is that it could be two or more years until all the $16 million is received. A voluntary liquidation would probably cost a few hundred thousand. The directors would all get their payoffs.

If previous moneys received over the years had been invested properly we would not have this situation now.

Probably worth about 1p a share as it is, but of course this could be over many years.

Good morning Chris.

Good on them.

Only problem is how many year’s will it take to distribute the $16 million to shareholders and how much will actually be left in the pot after costs legal fees salaries.

Sold out months ago.

Good luck to anyone still here.

Seems one of the main shareholders has had enough.

7 to 10 days mentioned in interview so any day soon.

Just a thought.

What sort of figure could we get taken out for.

£200 million at least.

Wireline logging takes about seven days on average. Drill stem tests a couple of hours so hopefully an update this week or early next week.