RE: Dave Wall interview16 May 2020 09:16
I've held here off and on for years, thankfully just punt money, it's been a bit like holding a lottery ticket where the prize is reduced every week and then your numbers still don't come up. Years of waiting for a farm in/out deal expecting it to be a major player then turned out to be PMO, a relative minnow now they don't even want it.
We now face industry wide over supply of oil while countries like Saudi sell off their oil assets to invest in renewable's. No one was interested in this "asset" before what appetite will there be for it now?
Now look at the share price getting ever closer to 0.00, soon a consolidation will be on its way at 10 or 100 to one before the sp resumes its terminal decline with more inevitable placings.
The real bad news is that at a 20mil mcap we are not even appealing to traders wanting a quick pump and dump so no reason to average down in the hope of getting out on a spike.
My holding here is now firmly in the bottom draw marked "lessons learned" and I will not be averaging down, there are much better prospects around at the moment. If this company ever manages to earn any cash that isn't rinsed from their share holders, I'm sure there will be ample opportunity to buy into it at a lower price than today, next month or next year.
IMO obvs.