Losses of over £35m now and nothing to show for it and they still think they will find more suckers to keep it going... |
They gave themselves bonuses ! |
"The Directors have prepared a cash flow forecast for the twelve months to 10 March 2026 which shows that at the current burn rate the Group will have sufficient funds for such period."
The current burn rate being whilst they are doing almost nothing.... thanks share holders for the wages.... |
Haven't they started drilling yet, but they promised |
they have never had any. They said they were funded to end Q2.
But if they need money to drill? |
I think it is called lack of respect to share-holders. |
Only just noticed that there were no posts on Reichy's thread in February. |
Average daily trading of £4500 is not going to cut the ice even with the 'fringest' of financial institutions. |
They will need another placing to satisfy the going concern requirement. The fringe financial institutions only accept placings if they know that they can dump the stock on gamblers and make a profit. Does the appetite for confetti still exist amongst the gamblers who have been shafted year in year out? |
BS stuff you mean.
Reality starting to set in here ?
Can't wait for the "not producing our accounts again " RNS |
Haggis you need to post on Reichy's thread. No posts so far in February 2025. All this bullish stuff should generate a few posts. |
The AC-4D well is only 3,835 feet from HSO's producing 8-4 well. That's less than a mile away (A mile is 5,280 feet). Not far to move their rig to drill our well.
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HSO 8-4 producing:
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Also from the well data:
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02/21/2025
Well Status
Approved Permit |
The AC-4D well has been approved:
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Info from
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Thanks to OandGeo on LSE for the heads-up!
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If I remember correctly, Valkor had to drill the first well to get the Oil/Bitumen core sample out and lab tested, to prove it's what Valkor were claiming it was and enable the Utah DOGM (Department of Oil, Gas & Mining) to approve the Unitization (approval of all the other wells). Maybe DOGM are making AC Oil follow the same procedure, although it would be a bit daft considering they are both targeting the same Rim Rock next door to each other.
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As AC-4D is approved, I suspect it'll get drilled soon, perhaps by Valkor's HSO (Heavy Sweet Oil) subsidiary.
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TOM does have cash, ignore the liar.
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18 September 2024
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"we agreed to redeem Greenfield's 10% minority stake in TSHII in return for aggregate cash consideration of US$1,575,000. Such redemption was subject to shareholder approval pursuant to AIM Rule 15 which was obtained at a duly convened general meeting held on 9 September 2024."
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Worth noting all of the info on the page before TOM get drilling.
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Lafayett "Opportunity and Goal"
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"Build a Billion Dollar Company within 5 years"
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due in about 5 weeks Fenners...that'll take them all but 5 min to write..
t/o - zero
profit - zero
assets - four candles,2 bog rolls and a half eaten donut
cash in hand - zero |
By when do they have to announce they cannot afford to put together their latest accounts ? |
Remember the days when there were 100s of posts a day on the reichsmasters thread urging gamblers to place their bets. The last post (double entendre) was over two weeks ago. A bit of a plaintiff cry. Not long before 'honest failure' is claimed.
"degsy20330 Jan '25 - 18:21 - 31627 of 31627
0 0 0
I thought that we'd have heard something by now" |
ought to open a book Fenners, on who goes first..
TOM
VAST
PREM
any of the 164 Dogs
AIM is awash with companies ready to pop.. no plan, no money, no business... |
The next thing they should hear would be the final results - massive loss and no progress, followed a while later by - they have run out of cash and cannot do the interims... |
Complaing they haven't heard anything for months and are really surprised |
I thought that we'd have heard something by now |
4 months since lifting of suspension.
2 months since drilling permit application.
Anyone got any answers from the bod on how much money is left and the cost of drilling? |
Quadrise, killing shareholders after a decent rise. Now they place at 3.5p. Typical AIM. |
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