The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
No, Eytan will methodically work through this which is why he chose a different way of borrow via a bridging loan. He paid this back fully and would not have done so if he required cash. We are OK with regards cash at the moment I imagine all he is focused on now is securing the farm out in the next few weeks. Once a farmout is sorted more money will come and the financial situation will continue to improve. No reason for another placement again.
Why would we have a placement when only very recently we fully paid off the bridging loan. We would not have done this is we require monies and earlier in the year Eytan stated a placing was not the best means of raising funds, so hardly likely to do this now, especially as we are very close to agreeing a farm out of which Eytan is very confident of complete by the end of 2023.
What I am saying you idiot is that it does not matter on the number of shares in issue as long as the operations continue which they are.
If I had 1,000,000 shares at 1p or 100,000 shares at 10p it would make no difference. Just stop being an idiot and let Uruguay play out.
JohnBriggs on the Bahamas we drilled single handed this time will we more than likely have major on end of farm in and an upfront payment to help with drilling. Completely different just wait for news of farm out at time soon.
Should be a lovely rise between here and into 2024 as Uruguay begins to show the extent to which this is transformation to the company.
For the trollers who compare this to the Bahamas that is complete rubbish as Eytan has streamlined the finances to make us debt free which production in Trinidad and major interest in Uruguay all majors apart from us and also next door in Argentina. Positive here for the rest of the year.
EXTREMELY STRONG BUY!!!!!
I have always said be patient haven't I - Yes. Just wait a bit longer until we get a farm out in Uruguay and 3D in 2024.
To see c35% rise in 2 days before the weekend something is coming. I suspect more buying to continue in coming days and weeks. Even at 0.04p thought buy and still feel this at 0.1p. By the end of this we will be a lot higher.
Why do you want this company to go under is it because Bahamas did not work??? Old news.
Totally agree we are in PRIME position for a re rating in the coming weeks and expect to be c 1p at the turn of the year if not shortly after, then with all the work next year who knows. If UPL hit 6p then whooo!. Be happy with 4p - 5p for starters.