RE: Trading update24 Jan 2020 18:31
Have to say very disappointed with the leadership of ADM Energy , most important is that as a share holder the goal of all investment is that there a payback for your investment
The one thing that we hold is words and in this case there was ample opportunity to inform that there was maintenance on the rig several weeks ago and this would have impact of oil being collected.
Instead announced that more funding is required and increasing the overheads of a already blotted staff for a stake worth 5% in which all it has to pay is its share of cost.
No need for all these staff just administer
Have escaped with a minor loss 10% ; suspect there been some long investors here so good luck
Can recommend looking at these two company's that may help both have great uplift
Wentworth Resources PLC - Debt free in January and $14 million in cash - maiden dividend with second in early this year
Block Energy - gas flow rate to be announce soon , sign agreement to sell gas - multiple site and licences