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yn1000.. Seems you are over exposed like many on here? I’m not a fan of CW and personally think he will go when his 3 month probation period is up. However no need go over explaining what CW or EG has done. I think one in every dozen posts on here reiterates your views?Nevertheless, all I can see is upside from hereon, given were about to have this review/ prioritisation put upon our assets. If we don’t bag up quick on this soon, then I’m a monkeys uncle!! IMO a little more patience required here and we will start the rerate...
Jeez, got to agree with you drill.. They’ve had long enough with this review. Lot of news hanging around. Meanwhile, small top up.. Can’t believe I just nibbled under 250k shares for £500..
Can’t really see how news can’t be positive from hereon given the assets we now have and the timescale left on them to come into fruition.. But then again, this is Mayan we’re taliking about :-)
If true Mayan have sold our BLOE investment, then I am sure it will be part of the recovery / review plan and no more short term dilution for shareholders.. Surprised we haven’t had confirmation of this by now though..
Perhaps news will feed through to the market today. At least something is happening.. Let’s see..
Good info gmcc. The potential for Petroteq is enormous. Before Eddie went, I was privy to David Sealock taking over and his plans for Petroteq are mind blowing.. If anyone can move PQE forward, then it’s him. Shame we don’t have him as our CEO, but heyho.. Let’s hope they get a shift on now and prove up all their technology. It’s taken them years to get to this point..All good for Mayan, infact very good for Mayan. Not too long now..
Any news on Forrest Hill would have to go through the Nomad first.. Still may hear today.. dyor
Yes GS, but with AIM both sentiment & momentum can change real quick. Steady rerate would do me. Mayan need to have a program in place where we can easily achieve 250+bopd. FH should be a good start for us and get some dosh $$ in bank. I’m done with knocking the BoD, all I want is a creditable investment from hereon. Paolo seems to have a cracking CV and from what I hear CW won’t be staying on further than his 3 months. Let’s see..
From RNS 20th September.. “In accordance with its AIM rule 11 obligations the Company advises that it is currently awaiting approval from the Wood County Magistrate to obtain lease right of way access into the Forest Hill property. Upon approval, which following counsel the Board anticipates will be forthcoming in the near term, Mayan will be able to immediately resume production on the leases, which have six producing wells and 225 other local wells with 20-acre spacing and good reservoir characteristics” The on FH does sound confident Wood County Magistrates will approve this right of way. News on this can’t be too far away. Also, along with the company sending a team to assess all of our working assets during the last 2 weeks in October, we should hear news on this imminently too.. Hopefully still this week.. dyor
This was from RNS 9th October.. I do agree with you Ors, news should be forthcoming any time now.. Re the hearing on FH, Paolo should have this sorted given the volume of experience he has.. Paolo Amoruso “We will be sending a team to visit all the field operations during the second half of October and once we have addressed the operational and leadership issues, we will update the market accordingly with plans for increasing current production and field development”
When news doesn’t come out on FH after Monday hearing., then if it were good news the company would be all over it?! Good assets, crap management.. for now anyway. imo we should still hear this week though..
*coming in
I can see our SP starting to look a little more positive this coming week. Looks like some news feeding through.. Mon Tue> I would be happier if we got more resolution regarding our Board/ management team. It’s this uncertainty that’s deterring others from either averaging down of vomining in as newbies.. imo.
Twitter group chat now started..
phone, swizz.. I will start a WDC twitter group over the weekend. Interested folks can follow me on @StuartRamsay4
I will find out if there’s a Twitter chat group. If there’s not, then I may set one up if anyone would be interested. Widecells seems to be off the radar atm,. I already know a few who may be interested.. I’ve been in groups with only half a dozen, but they can grow to around 70..
PQE.. Quite possible Ors.. +12.5% now, let’s hope Mayan make some decent gains itself this November..
CW and Amaruso know #exactly what’s been going on. I don’t think there’s anyone out there who doesn’t ! It all comes down to what they do about it. Charlie Woods needs to move on, meanwhile hopefully make some amends and show some fu**ing integrity. I just hope there actually is a ‘News Rich Period’ .. And it starts soon..
Certainly looks that way swizz but nothing certain here. Would love to see some clarity..Just topped up 592.5k myself. Just have to wait and see where this goes.. imo it’s a goodun’ though ;-) dyor
RNS | WideCells Group PLC 3rd Conversion of Bond.. £5k £2m shares..