Member Info for wookieemonster

Still think we will get a bank or a big corporate sponsor looking to be "ahead of the times" forward thinking in a new growing sector, hopefully find out soon!

I’m assuming any “leak” buying is providing an exit for traders looking at the movement lately, always sellers in any market.

Be interesting to see if the buys have any substance, I guess at these lows it might look quite attractive versus buying at 6-8p anyway..

It sure it is, but atm it only takes a few thousand buy or sell to swing it, wonder if there might be a leak about next sponsor. It’s on the cards!

I don’t think the current value is fair at all. Because it’s not.. but how many shares at some point have not been fair value.. most of them!! it’s just basic.

Arts no fool, we know he’s bought in a specialist and likely the RS data + Cuda ( as an initial cash flow safety net ) are keystones in securing better finance and will be top priority, especially with sustained Oil prices.

In his shoes it would certainly be my priority. Absolutely certain this is being pushed and worked on as we speak and expect to hear more on it in the coming weeks, months.

Im also pretty sure production will soon increase though equipment capability and pressure always worry me until resolved. But the team are experienced and the best decisions will be being made I’m certain. Art is quite strategic and resolving these issues may well be linked to Cuda timescales.

Just hope we don’t have to have a placing again, at least not before forming a much higher base.

Pivotal moment here.

Without a doubt

Questionable views as it’s a fledgling market. Football, rugby players all paid nothing and now it’s huge. Game industry is absolutely massive!!! huge huge growing market. It’s early days!! It’s not going to get smaller. It’s a tough current market, but egaming will very likely just grow and grow.

Depends if your short or long sighted I suppose.

Would have thought new sponsor sorted by now, but seems still in the works, uncertain markets and low cash not attractive for most buyers / holders. Clearly growing company but after such a high ( compared to now ) ipo price a cash call at these levels would be a bit of a death blow.. still think a good sponsor deal is being negotiated, difficult climate but very promising elements. Just cash is an issue and it’s a big one.

Nice reply Artemi :) if some of those targets get hit then happy days!

Artemi, think it’s pretty naive to only want to hear or read positive views only.. the fact is there are some pretty strong negatives to this share as well as well as some very strong positives.

Let’s be clear, had you listened to the “doom mongers” you could have saved yourself a huge amount of money so far since relist and bought much lower than you have. That’s the truth. The guys ( including myself ) who often say this should be £1+ Have not done anyone any favours in regards to grabbing more shares. It might be true, there are plenty of reasons why this share is undervalued but there are also some legitimate reasons why it’s not ( currently!)

Possibly quite important to at least acknowledge that.. the guys always pushing the negative are not that different than the guys daily pushing the positive. The only strange thing with the constant negative pushers is why bother staying invested... And then you realise it is about trading and agenda most likely..

For me the stand out posters are the ones that can counter with facts. We know who’s those are. Asking unpopular questions in the hope they are answered with knowledge and experience, or alternative views, is something I come here for, but always try to highlight the positives as well.

Balance. Not such a bad thing.

Art will get us there in the end! When I stop believing that I’ll sell up.l that’s for sure. ( it’s been close )
It’s good to be able to ping pong different views without calling each other a b*astard :)

Just to pick your thoughts if you don’t mind,
-We will need additional licences for the discovery will we not?
- flaring isn’t allowed I believe and if we have to will that incur fines or penalties? It poses a risk to our equipment.
- RBL is dependant on the ifs and buts of something we hope is true, personally l believe the discovery is legit but until proven it’s a little uncertain or new data might effect it either way.
- Remaining cash is highly important I agree and until we get better borrowing ( based on things falling into place ) we are quite exposed?
- existing production was supposed to be nearly 3x what is now. We where told it would 5000bopd, I don’t think we can 100% take what we are told for gospel? Like
No placings for instance.

Hand on heart I do apologise as only cynical because we’ve been told a fair few porkies here this year and things have generally not planned out how most of us expected so far! So just prefer to be very cautious of things that’s all.

Can see how amazing this could be, and I suppose that’s half the frustration. We should be in much better place by now and do hope we get there soon.

Yes but your dad too optimistic / trusting, you’ve said many times it’s the bottom, , it’s going up etc and be this figure soon etc etc. And actually I’m very optimistic and sometimes get confused when people question me on that. ( I guess because I don’t only speak of positives ) I’ve only ever held and added and always been crystal clear on that. Would simply have sold and left if any other case.

When it comes to shares personally simply prefer a “under promise and over deliver ethic”. love your posts, thoughts and contributions here and not digging at you at all.

My point was only the fact that the reason we are priced as we are is because the things you mentioned are not priced in or have yet come to pass, that’s all.

Also let’s say current company assets are valued, if sold now, at something between 20-50p on what basis do you think 10p is a feasible prediction moving forward considering we might soon verify one of the largest on shore discoveries in quite sometime and also acquire another producing facility which probably will mean we can secure better lending and at the same time increase our bottom line when it comes to production?

10p? You say someone’s ramping then come in with a outlandish and unjustified figure of 10p? Deramping is no better than ramping.. if your judging, which you seem to be?

We hope Tiburn!
-We wait on details and cost of cuda, and if we got it no legal issues..
- We hope Rs report at least confirms what the company has already said regarding scale. The big one is what is recoverable and how will we capitalise on it.
- we have yet to hear any news on new financing, wanting and hoping is very different than getting it.
- what money is left and what additional equipment will these next drills need, do we have the funds after cuda and the last few placings after paying heavy debt payments.?
- licences
- flaring, will we be permitted if needed?
- production from existing wells, what’s being done, when will things be resolved to allow better flow rates.!!!

There is a lot of uncertainties and no actual results yet apart from hopes. I think that’s why we are once again at lows.

Hoping for and waiting for is no certainty they will fall into place sadly. Only results and truths will shift this. We won’t get any movement on more carrot dangling imo but If the dominos do connect then we should see a strong rerate. A very strong one; however the reality sadly is still low income, heavy debt & hedged price on very limited production. There are lots of negatives at play. We have so much potential and positives but none of them are factored in as none of them has happened. Yet.

It’s all down to Art to pull all the pieces together.

It’s all good , I’m often a misunderstood guy here :)

I very much do see it Panamabob, hence why I think admin limiting posts is the only way to combat it!! It would be prudent as these boards become swamped with nonsense and brings the whole site down imo.

Everyone entitled to share thoughts. Think the problem is some are so egotistical they think we all want their opinion 30 times a day and the others are so manipulative they try and mislead 30 times an day.

Wonder if alone In thinking this forum should limit the posts a user can make to less than 10. Would stop the forums getting clogged up with daily petty squabbles and pushy agendas..

Certainly make it easier for the masses to find and read the posts that take the time to share valuable insight… be it good or bad . Anyways, Back to work, crappy share price still. Roll on 30s 40s and some positive news please.

Great points Blueshoes and I fully agree with you.

You can’t blame the young players for messing around, it must be fun for them, but it’s the sort of thing and actions they’ll regret looking back as it’s quite generic bland and obvious behaviour / style in my eyes. Plus it’s just the sort of thing you would expect which is never a good thing imo.

It’s a fine balance trying not make it to corporate, but also feel legitimate and something to aspire towards. It’s not hard. So agree that current management are either very disconnected or just don’t have the right vibe / talent to do it properly.

Fully agree they are wasting valuable opportunities and not nearly optimising the business model. Which is surprising when you look at some of the funding sources.

A lot needs to change about the company to make it really special, and the annoying thing is it isn’t that hard. Just need to have some taste… and some common sense.