Aim listed penny dreadful oil producer Sefton Resources (LSE:SER) is at it again with another RNS press release which contains a lie. This is such a blatant lie I wonder how anyone can now believe a word that chairman Jim Ellerton or his IR gopher sidekick Doctor Green now says. It is sheer comedy. Of course there is a serious issue in that Sefton desperately needs to issue equity soon. It will – as things stand – be out of cash (but not debt) within two months. Tick tock. Tick tock. Tick tock. That is why the stock remains a sell at a share price of 1.18p with a target price of 0.01p
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