Member Info for woody2002

I'm a logical thinker and nothing in my brain says theres any logic in throwing good money into this again.

Definition of insanity etc etc.

I read this and thought how the hell can I believe a word of that when they claim to have sustained valueable momentum lol

"Throughout the reporting period, ValiRx has continued to sustain valuable momentum in terms of progressing its therapeutic assets and along their respective clinical and pre-clinical pathways.  We have made important strides forward across both our therapeutic and technology portfolios, with the expectation that these will deliver added-value in the near term for our shareholders."

The annoying thing is I couldn't bring myself to put another penny in this company. The BOD are nowhere near credible or competent. If this was to miraculously recover investors (not traders) will be rewarded with a breakeven SP or there abouts, but traders walk away with life changing numbers. The irony....

We were told wed reached a value inflection point 12 months ago too. That was actually at 10x the current SP if memory serves

I find it very weird the company wont mention 401. Been waiting since January to hear of news, as far as I'm concerned theres no way it's taken this long to sort geographical issues. The talks probably broke down and we're being laughed at.

Iceman there is absolutely no evidence to suggest a SP that starts lower ends higher that's complete lies. Sorry dude, just pointing out the obvious lol. SP moves on volume itll go higher if people are buying.

Special you've no idea the nonsense that's came out of this company! Dont expect anything here, They really are the worst BOD on AIM and have absolutely no care in the world for investors. The word contempt doesnt cover it but good luck...

Haha oil, I cant be bothered responding to these nunmpties anymore. 12p seems to be the target tomorrow. Dont be so pessimistic lol

2 billion!

Nobody wants shares in this company, and Tbh I wish I never bought mine so there has to be a leak of some sort!

Have had the ability for some time to relinquish equity in this license but have chosen to offer up the cash owed rather than relinquish it. The oil column is worth well more than the Mcap.

Been covered 100 times. I'll be back in a month, no point getting down to trolls level... GL

Curious, we wont pay for the rig ahead of drilling it will be a structured payment as was 103c. SP will be well north of here! If and when we were likely to raise what is a hypothetical amount of money to complete payment of the rig we wont be sitting around 3p!

Quick Study,

That's an option I didn't say it was happening...Also seen it happen with other investments. Awarding shares at current prices with commencement on drilling likely to lift the SP well north of here before production even begins where is the risk for drillers? We're not exploring we're drilling a production well. The drillers will know what they're looking at.

We also have the ability to offer partial payment in shares/warrants to rig owners.

TLP-103C was the first well to target the Djeno at Tilapia, which represents an opportunity to generate significant cash flow and profitability.  We plan to capitalise on this opportunity: preparations for drilling a new sidetrack, the TLP-103C-ST, are now finalised and, as we announced earlier this month, well re-entry operations have started.

With an operational team in place and a funding package finalised, the team is now concentrating on signing a rig contract for the sidetrack into the Djeno.  The Company will provide further updates at the appropriate time. 

If we fall short in financing one of those things called PLACINGS will take place. Nobody said previous placing was the last...

Usual nonsense from these regulars truth, paint a positive picture trying to manipulate people Into buying on mediocre news. Had it since 18p. Bored of it! You're not an investor if ur ok with it money being turned into peanuts.

Washers filtered for spouting uneducated nonsense. Only a moron takes a position and sticks to it regardless of how fecking stupid they look. If you cant adjust your analysis when investing like these guys ramping from 40p to 3p you should consider becoming a labour MP.

I should probably expand - nothing has fell into place since February, you can't have any clue about news that's coming. That is a daft guess not an opinion.

What a stupid post...

If SNPC are continuing to maintain their 44% position it gives me some confidence in the companies position and achieving the desired goals, however long it takes... hopefully this finds a floor soon but still not adding till I see real change in sentiment.

According to DS we have 500bopd and more at the mengo he chose to ignore it, if true. Since then weve raised £8m and dropped about 60% if you see 10p as a sort of support level after the original drill was funded. I'll take a cynical view on all info that came from him until we get updates. Weve done nothing but burn cash since Q1...