RE: Fully funded runway for a minimum of 12 months4 Sep 2024 16:43
Such a load on horsesheet from both sides on here today. Indeed every day for some time. Some of the worst characters from both sides giving it large.
Fact is, as I said, a lot of the value had already been priced in leading up to today. As always on AIM buy the rumours sell the news. Nothing bleed in new!
However, I was a bit shocked by this drop, I expected some rise on the RNS but not the utterly loony lisa etc baggers etc. It does look a bit orchestrated drop to me. Many folk think you have ramper crews and derampers crew when in fact the are all part of the same crew! they just switch trends on block when time is right. So the derampering names slowly sidled away and their colleagues the rampers sidled in. Sometimes they "retire" names that get to well known who then reappear but their posting "style" is the same. So all part of a big con game. Helped a lot by clueless PI's, and newbies, who just follow the herd and cannot read, let alone understand RNS.
Not helped by the type of BOD/leader you have here, Lorna totally out of her depth in "business", and rest of BOD no better. So they are at the mercy of the lenders who pretty much dictate their terms to them. She says oh thanks, and off we go.
The results are good as far as it goes, it is a big step, it could have been a duster! Seen plenty of those...But, the finances don't add up at the moment, they may at a later date.
We really need to see the DFS, will we? Nobody is going to JV yet. Forget idiots telling you it coming with the DFS.
RNS are often more about what they don't say, often fluffed up for retail. The flows rate may well be commercial but until we see the basin/reservoir modelling it means little. How "long" are they going to flow and at what rates etc
I am hoping and hoping that the plan isn't for us to go to production but simply to prove the model and present it tied up in nice parcel for a big boy to buy us out and off we go to the next licence. But for that to happen it will have to be very juicy or we will be scrambling for a JV on not very advantageous terms!
I said I top sliced and on a free ride. Rule number 2 in AIM after rule number 1 buy the rumours sell the news. I am happy too hold to see what happens next, but it is a gamble, like all AIM. It is just sweeter to take when on a free ride however goes wrong still lose that money.
It does bother me when Directors don't put their hands in their pockets to show support but happy to sit back and take their wages. If this lot want any kudos from me I would want a Director buying RNS tomorrow morning. Doubt it though...
So GL to all "genuine" holders as we sit back to see what happens next.
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