Farmin details, page-2

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healyn

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01/08/17

09:14

Post #: 26205324
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Originally posted by Kit67 ↑

All.

Just a gut feeling / observation.

Yesterday's Quarterly was much briefer than usual. I think Angus's motto (perhaps on the Board's directive) that they need to "under promise and over-deliver". In this case, say nothing unless they really need to. Very little mention of the farmin or finances, aside from the improving cashflow position post Q3. This could be for two reasons, either (a) they have nothing to report, or (b) what they do actually know, they can't report (corporate sensitive information, etc.).

I get the feeling that the Quarterly stuck to script. Didn't tell us more than it needed to. Certainly didn't clarify anything. And definitely didn't make any promises or commitments. I get the feeling (a gut feeling) that there is more info out there, and we aren't quite in the loop yet. And on that basis, I get the feeling that we may learn more about the farmin talks (or at least, the financing plans) sooner rather than later.

Is anyone else thinking along the same lines?

Kit

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Thinking RGN-1 is dead and PA. I believe I said as much soon after water ingress, as did Doc.
Same old garbage blaming the oil price for revenue problems. Apparently gas sales at a fixed contract price is not a revenue earner.
Oh yes they will pull something out of the hat just before the AGM but it will be too little too late.
History is not on their side imho.
Angus you have to do better than that.

EGO Price at posting: 14.5¢ Sentiment: None Disclosure: Held
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Farmin details, page-2

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