The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Let’s get back to pre going concern levels as a first stop fish. That would be nice.
Disagree completely. JV will fast track. Low production has been due to infrastructure unable to cope with high pressures. High pressure issues and upgrades in place along side flaring the current production rates should see a significant increase from existing wells alone. Not including planned new ones.
This alone will get us cash positive even with the current sh*tty borrowing terms.
JV, now Art has drowned us in bond shares, just means we can do things faster. It is not however essential for the company.
Anyone who refuses to acknowledge the raw facts are dreaming I’m afraid.
Mcap and sp speaks for itself.
Many of us who are fed up will be rejoicing if any of the things we invested for come to pass ( and we don’t get further dilution, for the 10th time .. )
Of course the RBL nearly 2 years, the promise of a JV a year or more.. and so far all we’ve got is a non binding or comital letter.. still low production and incredibly bad terms regarding debt, huge company salaries whilst crashing the sp from above 20p and beyond to barely being able to hold onto a few pence.
The reality as always is far from the hope..
The only real positive is that’s Arts stopped doing interviews lying through his teeth about investor upside because he’s already fleeced hundreds of thousands from us lot that invested before and around the purchase of Atomic…
Any upside we’ve ever hoped for, to date, has always been trumped by significant dilution and decrease in mcap.
I’m still, after a very very long time waiting for that to change.
And here we are, 20p was low, 16p was low, 13p was insane, 6p was unbelievable, 1.5p was a bargain… and now we are gripping onto 4p but we’ve done so well to recover from single pence.. if you arrived recently. And well done you.
For the rest of us. Ugh.
I’m not sure we will get any news tomorrow but happy to see a steady rerate, let’s hope it continues to create new bases to grow back from.
Pecker up but portfiloilio down. Always had a balanced view here, but facts are it’s been a disaster to date.
I’ll be standing to full attention when and if we can at least recover to pre going concern levels.
Only ever wanted this company to do well, but lost tens of thousands on arts broken promises and snake like manipulation. Not that over sold a pound. Only ever bought.
The whole lunch time dip continues to fascinate me in how bizzare that is. So people really only invest sandwich money.
It does seem we are gradually building support higher daily. If we can get a good opps updated and a much needed interview from the CEO we might stand a chance of recovery to previous lows.
The JV must be getting close surely.
But the sp is climbing! And the recovery is looking good. Things do seem to be getting back on track.
Surely it’s in Arts best interest to have a respectable mcap for a strong JV for any future Takeover and industry respect.
I’m sure Art would prefer to end his career as a successful and respected figure rather than just another con man.
I believe his last share purchase was manipulation. And then he just happened to increase his pay check considerably..
So it will be very interesting to see what he does next and if he supports this rise and us LTH for a change. I’m tired of the games and just want this company to finally behave like a real oil co rather than the rinsing machine it’s been so far.
The assets are the saving grace, but we just can’t have anymore dilution, not until things change drastically for the better.
I’ve not had any replies from the company for some time, never send hostile messages.. but nothing back for months now, not even from Cathy... The last time Art messaged me back months ago, he hinted that someone is mopping up and accumulating. There are ways to avoid having to release a TR1 and we are all more than aware of the way copl has been heavily influenced and manipulated…
I’m under no illusion here that this share has not and is not running on a fair platform trading wise.
Clearly people have and are making alot of money abusing this share. And I’m not convinced yet that Art isn’t one of them.
Ah sorry glanced through and missed “on expectation”
Honestly I would be incredibly disappointed to not recover recent losses before the company updates on JV.
Art needs to turn this around. Everytime previously he’s forward sold more shares into any rise completely the opposite of his promises. I’ve not forgotten his no dilution promise only to dilute the following week…
Very much hoping, this time, he helps the sp rather than crush it.
Tiburn, is that 12p on a successful JV?? I would hope that we at least regain our losses back to 12-18p with a good operation update. And offsetting the recent bond dilution with increased profit.
From the regained losses I would then hope a JV gives us the next boost which we have hoped for, for years..
The way things are going with the climate shaa I really hope we do involve some carbon capture. Firm believer it’s high priority for majors now. Hoping for good things.
Just hope to God Art doesn’t decide to do another placing into the rise or another of his dastardly plans to scupper us. I can almost believe he will. Fingers crossed that he lets this actually rerate properly at least. And then reveal that actually, he’s been working on the long game and releases some excellent news and prove everyone wrong.
It’s been a very long and hard investment. But a lot of you guys have been here as long and longer than me!
I’m definitely disillusioned, but always kept my long view that Art is building a great company. After the savage drops this is the best it’s looked for quite some time, and really hope it’s a true rerate.
Best of luck to the long suffering holders.
Hahaha yes I’m very cross, this rise is sickening ( only because I have a higher average and bitter )
Currently I’m much more happy that suddenly all our “saviours” have disappeared!! They seem allergic to blue.
Funny how a specific group of posters just vanish at the same time. Think that 100% confirms that lot as total loosers.
V happy to see blue for a change but am I the only one who remembers when we dropped from 16-19p or when we considered 13p the lowest.. or when 23p was a bit of a joke…
More assets now, some additional dilution but still…
And closer to hopeful JV and production boost.
It wasn’t that long ago??
We don’t. There’s just some obvious links. Arts very good at making people believe things that are not true. So it could be anyone. Yet, Exxon does seem a good fit and in the area.
At some point we have to find out; it’s been ages since he’s done a interview.