Member Info for tuvok

That’s all very well, but the share price has been destroyed and is now 8p.
As a LTH I demand an explanation from him and the company on how they have allowed such a situation to arise.

* spivs but if your trading in spice then I’ll tell you what I want what I really really want, AM’s neck.

It’s a traders market for spice and insider traders.
Investing for the medium/long term is a thing of the past and agree it is unsustainable.

Everything about this is pitiful.
Down 50% and not a word from his majesty (likened to Nero fiddling while Rome burns).
Truly a pess poor show

AMAZED no RNS this morning to clarify.
Then again the guy is incompetent in all but destroying company value.

Well he couldn't get an RBL, then again would you lend this cretin any money?
Incompetence is bad enough, but outright lying and deceit is an entirely different story.
He has misled shareholders and should step down.
And what about the finance guy, jeez wtf has he been doing all this time.
Not buying any more, but not selling, I'm going down with the ship.

No, but having AM remaining in charge would be.

Is he aware of the debt pile in the shape of the BH's.
We ain't going to make any progress without a JV or refinancing, no matter how good production is.
January was supposed to be THE month.

Blimey, I find myself agreeing more and more with Iron.
Shows what a cluster f.. this has become.

The only reason we still have not obtain better funding is that the proposed JV accounts for a large cash advance, large enough to pay off bondholders.
There can be no excuse after all this time, otherwise its bordering on financial incompetency.
Glad I bought some BOIL, nice feeling being in profit, I almost forgot the sensation.

If AM had sorted out a proper RBL we would not be in this position with the bond holders.
Far too much poor debt, selling into any rise.
Hoping JV just buys the lot, getting fed up with this now.

They also do not have millions of £ of bonds tied round their neck like a lead weight.
No sign of any refinancing, so AM must be gambling on the JV.

Your joking right?
Read the last 1000 posts, may give you some idea.

Any one invested here will not have to worry about the taxman.

3lp, that was my point, JV may all be agreed, but takes time for it all to be signed, sealed & delivered.
Would Art want to or be allowed to say anything until completion?
We are all moaning about where’s the JV, but may already be agreed, then again it may not.

Let’s say ‘the large oiler’ comes back to us today for example with yes we agree on these terms, how long would it take for both parties to sign and the deal to be legal binding?
Obviously AM could not announce anything until signed.

A sensible post from you would be out of the ordinary though.

For the share price to go up it requires Art to deliver now and again.
How many times in the last 12 months have we had any positive news?
Sooner or later he has to deliver.

Potential way forward hopefully is a large cash component and at least a share of the drill costs for 50% of the discovery.

That's it in a nutshell.
Why AM should take a back seat and let the JV partner run the show when signed agreement is in place.