need to do consolidation on the back of good drill results.

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jbp

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09/07/25

13:46

Post #: 79737558
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Originally posted by docmin24: ↑

Was enjoying staying away from ROG but a very concerning post from you has awoken me. You have some valid points thought. Not consolidation at this time. Strongly opposed to this.

All very well in theory… But our reality is a lot more serious to what you propose and doing an aggressive STUPID 100:1 consolidation now will have far more devastating impact for SH’s. Only a company struggling and the capital raising brokers support this stupid idea and poorly timed imo…

The immediate issue imo is after 4-5 yrs under the same team has delivered nothing for SH’s from their 100% owned tenements. I have been calling for fresh experienced O/G directors to manage this company during this time… The biggest issue we have imo is the current team imo… They have terribly failed SH’s and are solely responsible and accountable for the current failed SP imo… No more excuses we need new directors and drilling to happen now as I see it.

If as you suggest an aggressive 100:1 consolidation under the current team will 1000% destroy SH’s investment. 50c is not manageable, when this team imo have the inability to achieve anything in a timely manner. SP will be smashed…..

We need firstly a new O/G team to support AK imo, 2 directors have to go, we need to drill a couple of successful oil producing wells at Killa, secure sale contracts, Yarrow’s income coming in and once these boxes ticked and only the when Angola has a farming/JV and planned to drill, can ROG only consider doing a 25:1 consolidation then. Do this before these major boxes ticked off would destroy SH’s investment and if they do this year, I would canvass SH’s to support a 249D and spill them all.

ROG have to step up, or ship out, TIME IS NOW…. NO MORE EXCUSES!!!! So, Drill 2 wells and SP will re-rate over 1.5-4c and wake the useless Angola Govt up. That’s what’s urgently needed so ROG team do your job. Simple as that.

A poorly timed 100:1 consolidation under this team will only destroy all SH’s investment, which under this current team are doing a good job currently and over many years imo.

This is the last we should be talking about consolidation as if team remains imo, the SP will certainly collapse. That’s how I see it as a T20 SH….. GLTA. ROG pull ya finger out and achieve something, so sick of inactivity and cheap regurgitated talk imo…..

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need to do consolidation on the back of good drill results.

ROG Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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need to do consolidation on the back of good drill results.

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need to do consolidation on the back of good drill results.

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