Member Info for wwal17

Anything under .50p is a steal so under .10p, go figure.

I’d expect it to open up after them late prints yesterday. FMO Friday? JV announcement over weekend?

True MD, I still think as most do, it could and should have been communicated better but hey we move on.
For those who haven’t read the detailed Ryder Scott report in the prospectus, it’s certainly worth a look.
Happy weekend all.

Sorry that was poorly written on my behalf, what I meant was, all this talk of not having enough working capital and the need to borrow is quite a negative statement considering it call all change with one stroke of a pen in the JV. It’s purely a short term cash flow issue which can be remedied on multiple parts whether that me increased production or a cash upfront payment from JV partner. The way it’s been communicated was certainly worst case scenario as in no JV or no expected increase in production which is clearly not the case.

Can somebody please clear this up for me once and for all..the restructured hedge gives us extra headroom doesn’t it? December 42273 x $75 WTI, what do we need in January/February to ease the cash flow and need to borrow?

The statement below is also written like we don’t have a JV in the pipeline which should in theory resolve any short term cash flow issue.

“1. Raising $15.7 Million , just over 1 Million per month.to cover the next 12 months.
"The Company is of the opinion that the Group does not have sufficient working capital for its present
requirements, that is, for at least the next 12 months from the date of this Prospectus. As at the date of this Prospectus, the Group has an immediate working capital shortfall. The Group will be required to obtain additional financing of approximately $15.7 million in order to have sufficient working capital”

Still, it makes you sit up and realise how much we are worth even without the discovery detail.

You can imagine Art sitting in his chair waiting for us to pick up on it, like he has just told a joke and he is waiting there patiently with a smirk on his face waiting for us to get the punchline!

Start yer Feckin engines!

I wonder if the real reason behind not sharing it with the unsophisticated amongst us was more to do with he had an agreement with the Large JV partner?

Seeing that level of detail in the CPR from Ryder Scott really does add weight to the find, it’s what we waited months for but never got, and there it is, chucked into the 300 page prospectus like it was just another sundry.

The mind boggles, I’ll leave it to the more sophisticated to pick the golden nuggets out.

I can’t believe that nobody picked up on the Ryder Scott report in the prospectus (myself included). Thanks for highlighting, this is a massive show of confidence, I think the the GO button has just been pressed.

I think he’s past caring about what PIs say about him too, as mentioned, I don’t care how he behaves as long he turns us into a mid-tier.

The fact there is no clarification video or mitigating explanations in RNA just reaffirms that fact and in my view makes me think he’s of the opinion he’s onto a winner so is past caring doing his duty of appeasing shareholders. (Wrongly in my view as it’s bad for sentiment)
If this was the first or second time Art had done a “massive dump” RNA then you could maybe think he needs better PR etc but I can’t help think he knows exactly what he’s doing. Transfer of wealth in action.

Any thoughts on who would sell big chunks like that?

Sharebel, can’t you go pump CLON again please. Canada storming? They’re 8p equivalent, let’s keep it real.

I take the silence so far as Arthur is 100% confident here, almost arrogant but that’s fine by me if he pulls it off.
I don’t have to like his style for him to make a success of this story. I’d still like an update from him though just to show he has at least got a token bit of respect for his loyal PIs.

Illusion and Artemis sitting in a tree..

Gamblers only tell you about their winners.

Elizabeth doing a proactive interview would be brilliant, that women knows her stuff.

He got up to do one last time at 5am which is 12pm our time, let’s see.

If it has been orchestrated for a last buy in at the saloon then we can expect a JV announcement pretty soon for maximum effect.

Is he allowed though Stas with pending JV? SP crashes, CEO piles in, it’s not a good look.

I’ve said many a time, they don’t want a billion barrel oil discovery in the hands of the PI plebs. Games are being played to ensure the transfer of wealth.

“The stock market is a device for transferring money from the impatient to the patient”

Hold on to this white knuckle ride.