For those who've been around long enough, a big reason for the Hartley's raising was to fund a 'new' gas plant. And oh gee, that recently changed to buying a cheaper second hand plant! Who the heck plans for a massive capital outlay on a gas plant with just one stupid well?? Do they think we are stupid? Join the dots on that one...
Go and have a look at the last quarterly cashflow, we'll barely have any money left after this well disaster!
IMO, they have allegedly gone to London for the AIM listing so they can do another CR and fleece some more investors who don't know any different. Because nobody's going to buy into their BS here anymore.
And again on the admin costs, it makes no sense that VAT is the driving factor - we are burning/losing money hand over fist, we should be in refund position IMO!!!
Just stinks, doesn't make sense. Total BS IMO.
HOG Price at posting:
13.5¢ Sentiment: None Disclosure: Held
