Bottom drawer until EOY.9 Aug 2022 14:59
Presentation was weak and as expected. Nothing for long term holders to do but hold or sell at a loss. Not a trader so don’t really feel the need for running commentary however the few pieces of news we expected that really would be telling have now been told and come back as a negative, as shown by the mcap and sp.
And so, The carrot has predictably been moved yet again….. Cuda and the RS report have given us minus value due to further dilution and bad borrowing (which art thinks is great) this could very well be a fantastic buy in opportunity for new investors but those who bought, like me, pre Atomic have been royally and utterly screwed. Locked in for 6+months and nothing but dilution for the loyalty and belief. Thanks Art, thanks alot.
We need this RBL big time and we need production figures to double at least and pronto. Art might not like the uk market, but that’s only because he’s screwed them and they’re not happy. He lied about 5000bopd last year, even having the nerve to put it on the website and he’s lied about no more placings.. he even bought shares at a higher price ( with our money!!!) to give false hope. Now he just gives us a date for the next one, less than 90 days…. Absolutely abysmal performance. It really is, he should be ashamed.
As it stands all respect gone. Belief in him gone. Trust in him gone. Up to him to earn it back, prove people wrong. Until then, crook.
Let’s see if the con man actually will get production up and get this RBL sorted!!! He’s got it all now, Atomic production, Cuda production placing money coming out his ears, huge “discovery” decent asset value. So be interesting what he does next to screw it up even more.
Xciteenergy mk2 in the bloody making. Can only hold and hope.
What a bloody sh*t show.
Condolences to all of us who’ve held through thick in thin, it’s been a rough journey and pretty awful to be involved in. Can’t watch this anymore so good luck. Will check in next RNS, only blind hope left here now.