re: Ann: Appendix 5B for quarter ended 31 Dec... yep, no buyers, running out of cash, still spending like sailors on shore leave, and production down despite the spend on the workover. They think they have an excuse this quarter, but this is the UK for ........ I mean winter night temperatures can get down to -15c and if anything snow WARMS thing up!
I wonder what the excuse will be next quarter, oh, I know already - it will be drill prep.
I can quite easily see this tank to 7c in the next week or two followed by a huge placement to mates at another 20% discount.
Not to worry, as we all all eviscerated, Ken and Ted will probably be trumpeting it's success as a growth stock.
I can believe I threw my lot in with this mob.
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- Ann: Appendix 5B for quarter ended 31 December 20
Ann: Appendix 5B for quarter ended 31 December 20, page-4
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