RE: 1p incoming16 May 2025 15:22
Plain scaremongering......most who have read my posts would say I am negative as my investment is underwater. Any saying 1p ....or saying there is a raise coming has got an agenda......Company is producing oil, and has revenue coming in. Fundamentals have turned a corner and Company is in a good position with money coming in, what news is going wipe out 50% of the sp.....this happened last time when placing was discounted 40%, why would u need a placing now when we have real money in the bank, we are selling oil at $40 per barrel x 200 per day equals $8000 per day x 30 equals $240k per month. Let's say next news is they have fixed oil flow to 400 bopd that's $480k per month, let's say 300bopd that's $720k per month, let's say it's 800bopd as per original flow that's $960 per month. I ask the question again why would it go to 1p. Pure scaremongering. And everyone knows I am no ramper. At 2p defo worth a punt.