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Member Info for Skooby

Member Since: Fri, 9th Jul 2010

Number of Share Chat Posts (all time): 2,474
Number of Share Chat Posts (last 30 days): 14

Last Posted: Thu 19:09

Post Distribution over the last 30 days

Thu 19:09

Sounds like a quote from Robert downy jnr. Due Date?

Thu 17:38

Delayed trade buy at 9.2 for 373k.
Thu 17:26

Ian, you are right. For sure it's a big buy. Another one. Does someone know something? I'm left scratching my head over the big buys. What do they know that I don't, other than the obvious valuation being on the floor. Maybe it's crash protection defensive investing by big funds? If you take a two year view, there has to be a very good chance all the bs will be ironed out in both China and India with new country added and additional customers. So, invest now below NAV and hold tight while the rest of the mature market quite possibly experiences some trouble (good chance of it) safe in the knowledge that downside risk is minimal. Even if there are a few days of slumped sp it will not be on high volume IMO. The high volume VWAP is always around or above 9 - 10p which is where anyone of size is prepared to trade. Anything outside this range will be short lived till a serious update comes along. GLA
Tue 11:45

Hi John. Can I suggest you don't email HungryMonster but instead try emailing Mr Randeep Grewal.

Also, perhaps if you attach a screen shot of your large share holding they might take your polite questions seriously. ;)
15 Apr '15

I agree with you regarding the trades being a bit of a churn at present and practically no pi trading. Regarding the PI's, Greka is a bit of a backwater and my opinion is that you either know about us and are in waiting for this year to be the big one or you don't and will likely find out about it after the big news hits. That all assumes that RG has got a handle on things and that we are turning drills at a reasonable rate to justify the staff hired. I'm sure RG expects to be utilising them fully as the year progresses.

Personally, I'm encouraged to hear about the increase in staff numbers. It's not an easy task to hire and train significant numbers and I'm glad that that stage has been accomplished relatively inexpensively as far as we can see. RG has proven to be very shrewd in terms of protecting cash during the difficult times and I have confidence, based on that fact alone, that he knows they will be needed shortly and it wont have been a blunder. It's a bit of a chicken and egg scenario. If you don't have the equipment and manpower to pull off a big operation then you won't be awarded a large contract. To that end it appears that we have had work keeping us ticking over at a gentle pace for a while now that has allowed us to ramp up for the serious contracts. If the rig options start to be taken up I'll be getting really excited. We can only speculate what was discussed out in China when the ii's had their visit but I'm sure that the staffing numbers will have been discussed as part of the business planning. The volume and institutional trading/churn since then does not indicate that they are spooked. I see the small rise that occurred after the visit with only a small drop back after the results as a vote of confidence by our big II's.

I'll be sticking with them and just have to hold on for now and hope the plan comes together this quarter. Cheers

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