No, AK has the new pump and parts for the broken well.. has had them since at least April 2024 when I first spoke to him about why it was taking so long. The site has the tanks and everything ready to go including viva taking all the crude so whatever does he need to source that he shouldn't have already had in place if it was in production on the fated Dec 5th 2023 when the pump broke during a test that they called in production so he could lock in performance bonuses of 120mil shares.
That should have been fixed asap... there is no excuse for that other than red flags galore...
Those contracts he's trying to get for the rig etc... again he has been doing that for almost a year according to my phone calls... inflation etc means everything is getting more costly and he is trying to "save money" by waiting to bundle it all up while watching inflation run away with the costs... its madness and as an accountant he should know better..
Killanoola was near term production with a well and pump in Nov 2020.... Angola is gunna be a while and we are will watch them piss money away on travel/salaries/contractors etc to see what they can find over water with currently 8/9 dusters...
There is nothing positive about this company its why the share price is so low. call me a downramper but I'm a top 10 shareholder and have been since late 2020, sold my whole position a couple times and bought back in once I realized I couldn't trust anything AK told me on the phone I just buy low and sell high. This isn't a hold company, this is a penny stock you play with. Recently come back to hot copper and it appears Mav is certainly in that camp far more so than he was a few years back also.. lol
ROG Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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