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As normal good news condemned by the may on here , now as a point a CEO has a responsibility to point out news to shareholders.
This has been conducted for last 4 years as planned except a mistake that in early years a find of 1000 Barrels of oil per day , then retreated as mainly water.
Apart from that announcement for past 3 years all that has been said has happened.
For a company that's only valued at £8 million and punching above there weight are doing bloody well and have massive reserve to go add.
Then you could in invest in Jersey Oil&gas with no development and pay 20 times more.
So find a CEO that speaks Georgian language , guess what PH speaks the Georgian language.
What happened in the past was not good by PH , what is good news last 2 years we have been well informed and at present braking even with a mayor news announcement.
Any Complaints are directed to me as DILLIGAF , the future good that what counts.
As far as i know the target was not hit and the additional good will not given , but there does appear a share given which in minimal and may be part of lower end of good will.
in any ways it matters not as that period failed , ITX is on the verge of accelerating its volume.
Just 5 years late
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See that in the last week in positive news we 80% post negative views , we know news is coming as non dilutive in shares and maybe just a thought they have a JV partner on there biggest gas find.
That would not dilute share holders.
Now a positive PH has been one of the biggest directors buys of this company , always a good sign in investing.
This not including salaries for shares.
Last year the average was 5 new products a week , this however does not include the same companies which may have multiple products.
That said this has increased by a factor on average of 7 per week.
The point is snowboard effect and each product adds to a new order recurring.
Going by this factor can see a turnover this year of $5 million to $7 million which would by top end be break even point and maybe profit all be it small.
If you then take this upward trend then looking at 2023 a profit of $0.25 Million to $ 1 Million , Accountants are good to reduce the true value.
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