We need multi bags just to get to the lows of pre “going concern” RNS!
We are either massively undervalued or all been conned silly.
From what I can still see the mcap isn’t reflective of gas in the ground, infrastructure, current production & reserves.
But don’t think for a minute Art cares about his “average” which is equates to less than his yearly salary, and was absolutely used to sucker punch and mislead his investors. So please don’t use that as a metric.
With dilution a low ball offer has got to be at least 40p surely!??
Though I don’t think we will get bought out, but god knows at this stage if he even wants his share price to increase… it’s long since felt he doesn’t care an ounce for his investors. And trapped us in with lies and untruths.
All of the reasons I invested, and topped up for have not come to pass.. didn’t invest for Cuda, or the discovery.. invested for Atomic and improving those wells and getting better production.
The last few years, and all the work have resulted in nothing but decimation of the sp, it’s hard to believe it will get better.
I thought 13p was the pits… now look at us.
Indeed and great post Daniel!
Sorry no more posts for the day. Thanks for sharing the info, much appreciated. Just frustrated as ever.
Fingers crossed for positive change. Have a great day all.
Sorry for the rant. But Arts carrots are no longer worth the donkey ride.
He himself said 50p was “current” estimated value.. we dropped from mid teens on going concern and after securing stability and finance of not recovered.. it’s a joke.
Let’s see some sp action paired with some good company performance then he will find his social media woes simply fade away.
Has he forgotten how optimistic we have been through thick and thin! Many still here because of that.
The negativity is all down to lack of communication and company culture.
Art is an absolute Baffoon if he’s risking this company on social media poor sentiment!!! Fixing wells is hard, building an oil go is hard. Providing some regular investor relations to reduce or stop the social media sentiment is NOT!!!
Is he really that thick??? If a prospective partner truly looks at social media… as if.. they look at the money not the maggots.
Then he would ask one of his over paid minions, to actually read the forums, see the topics and manipulation and then officially counter with the facts to stop the speculation and negative spins!
It’s child’s play. If they don’t like it fix it!!
All he has to do is do the odd update / interview and address concerns if he doesn’t like the fact he leaves us all in the dark and in despair!
Basic.
The company has has more than a chance.. many 4 years or more of supporting. The company has done little to support us! So far it’s all been talk and never ending carrots.
They need to deliver. Simple as that. They’ve led us along and patience is an understatement for many of us.
Coms have been appalling, and if this recent talk with art is indeed legitimate then it’s a testimony to just how awful things are.
We should be updated occasionally by the company on their own merit and they should be addressing many of the issues and concerns because they want to, not because they are forced!
I’m really quite sick of all the private emails, private chats and smoke mirrors here. This company is not acting anything like a main market, if anything it’s behaving like a proper bottom of the bucket AIM listing. That needs to change.
The above resulting in this constant downward spiral sp.
Official Coms, action, results.
Not hard. Lets see a little more professionalism from this company and we might actually start a much needed recovery.
I would prefer Art got the deal done and delivered on his many promises, surely he wants to build this up not trash it.. even though the sp is very low I can’t help but think it’s not reflective of the situation.
Once the wells are following correctly and production up things should start to fall into place nicely.
This is not yet an established oil co and still in the growth stage ( not so wise sadly, yet).
If there’s no good JV deal soon then we will know it’s been a con and if production doesn’t seriously improve shortly the same applies.
Let’s hope for the best.
Just out of interest why and who are all the new directors being appointed, with production low and sp so bad do we need to be paying even more out?
Very much doubt it’s anything to do with the action group, Cathy has been recently talking of upping the coms game before this group was formed due to many requests to do so.
Have a substantial holding and will be voting no to consolidation today due to the fact that no reasonable ( if at all ) explanation has been made for one at this time. Especially as the share price has collapsed far below Arthur’s own valuation of 50p.. for current status.
Had he explained the reasons ( and just saying to attract investors is not good enough at all ) then I wouldn’t vote no.
To attract investors you need to show you can deliver on your promises and add value.
To date all he has done is promise the moon and given us dirt.
This is so bloody dire.
Certainly not don’t want to be scrolling through pages and pages of bickering, sadly this forum has run away from its self in being something that was once informative and nice to read.. a lot of ego and whitewashing here now.
Hence the request for just a brief update as it seems to be an ongoing topic, basically just, skip to the end, summarise.
What’s the actual intention & purpose that’s all. Simple request .
Prophutus, would I would rather is just an eplaination of what exactly this syndicate is going to do/say. If you poke a hornets nest you only ever get stung, so interested to understand how hard you intend to prod. No need to be emotional.
Sorry anyone care to Summarise this sas vigilante group apparently supposed to be representing shareholders? Haven’t read the last few hundred posts and wondered what’s going on.. it sounds dodgy???
i agree panamabob, it’s unsettling that he clearly must see and understand investor frustrations, and very fairy so! yet does nothing at all to steady the ship. sometimes i feel he doesn’t care at all that people have put their money in on his words and past statements.
it seems incredibly unkind and irresponsible to not talk to us in any way. even the latest rns releases have been cold and dismissive.
i’m starting to believe he doesn’t give a rats **** about us.
Art really has to pull something big out of the hat soon and I really hope for once it benefits his loyal shareholders who have held through thick & thin. I’m sure he gets a lot of jip from investors but I hope he realises that most investors are actually pretty decent people..
Could carbon capture be an ace card for us, you would think so and this news further promotes the need for it. Oil and gas will be looking to make sure they are seen to be proactive against global warming.
https://www.bbc.co.uk/news/science-environment-65602293
Hey Jiddy I got a message from Cathy saying they are trying to improve investor relations and also mentioned doing an interview.. that was weeks ago..
I won’t be voting until closer the time. I’m hoping the man will have the sense to explain things..
Blindly just voting is not acceptable. There needs to be information to make an informed decision.
Sure if you have £500 quid invested take your punt.. who cares, But for those of us with 100s of thousands invested it’s actually not as simple as just sell if you don’t like it. Lunatic comment.