OH I love the investor presentation that they have just released.
Just a note to directors - that seedling that you are growing must be growing $100 notes already for you to continue investing in new products.
Good to see some indicative timetables, however HOW ARE WE PAYING FOR THIS? 2.5m in the bank? That will cover WA. Production from Lindsey - this going to be enough to cover drilling in Q3/4 for the UK? How we going to fund Nyuni 2 if we can't sell the damn thing?
Maybe they are going to take a cut in their management wages (not likely) or 'donate' some of that money back until the company can get up and running with their production.
Maybe instead of 'diluting' us at such a low level - maybe seek some project finance against the UK producing wells!
KEY Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held