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Michael Masterman talks on WRES potential & Tungsten market Watch here

Michael Masterman talks on WRES potential & Tungsten market


Lansdowne Oil Share Chat (LOGP)



Share Price: 1.30Bid: 1.20Ask: 1.40Change: 0.05 (+4.00%)Riser - Lansdowne Oil
Spread: 0.20Spread as %: 16.67%Open: 1.25High: 1.35Low: 1.25Yesterday’s Close: 1.25


Share Discussion for Lansdowne Oil


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JH77
Posts: 635
Off Topic
Opinion:No Opinion
Price:1.30
RE: R..RE: logp
Today 15:17
i got a quote to sell. but it was below my expectations so I passed on it. Hence my ?
 
mannnan
Posts: 32,913
Premium Chat Member
Question
Opinion:No Opinion
Price:1.30
R..RE: logp
Today 15:13
what ?
JH77
Posts: 635
Off Topic
Opinion:No Opinion
Price:1.325
RE: logp
Today 15:02
?
mannnan
Posts: 32,913
Premium Chat Member
Observation
Opinion:No Opinion
Price:1.325
logp
Today 14:59
currently oversold can,t sell any
JH77
Posts: 635
Off Topic
Opinion:No Opinion
Price:1.325
Good post on iii
Today 14:49
With acknowledgements to Sobeit on iii thread (long term holder of over 5 years). This is a pretty good post he made which illustrates the low risk here at the present SP Level:

While the SeaEnergy move was good for Lansdowne there are a few other things about Lansdowne that make them interesting.

The first is that Lansdowne is protected from liquidation by its holding in Barryroe. If it was to get into financial trouble before a farm-out it is clear it has enough value in Barryroe to satisfy its current share price and probably a price up to 5p. After all, even in a fire sale, Lansdowne's 20% in Barryroe is worth far more than £30m.

To show that Lansdowne, at its current price, is undervalued you only need to check out

http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P00007YXA%5D3%5D0%5DE0WWE%24%24ALL&Id=0P00007YXA&ClientFund=0&CurrencyId=BAS

There you will see that 4 major shareholders hold over 50% of the equity with LC Capital Master Fund Ltd holding over 27% alone. Are all of these charity cases? Definitely not.

So, at some point Barryroe will come into focus and the share price will reflect more of its value than it does at present.

And just to discount that there is anything wrong with Barryroe you have only got to check out Mott MacDonald, the major consultancy firm, who did the Barryroe feasibility study in 2013 and who still have it on their website to know that they would not have it there if there was anything wrong.

Go to the following link and page down to where you see under Projects "Barryroe" and you can read what they did for Lansdowne and Providence and since it is still there, nothing has changed in the meantime.

https://www.mottmac.com/ireland
Buriedtreasure
Posts: 9,323
Off Topic
Opinion:No Opinion
Price:1.325
RE: buying
Today 14:24
I would be tempted at Enquest personally shall it go lower.

But as I say all risk in those 3 Enquest Pmo Hurr due to debt.

After debt fixed is a good time to buy as always.

BT
Buriedtreasure
Posts: 9,323
Off Topic
Opinion:No Opinion
Price:1.325
RE: buying
Today 14:20
Halifax has confirmed a massive oil column, measuring at least 1,156 metres, but, the programme ran out of time before being able to do a full test....... Plus this
Buriedtreasure
Posts: 9,323
Off Topic
Opinion:No Opinion
Price:1.325
RE: buying
Today 14:18
HURR. Malcy Saud they need funding. They reduced full time staff to 14 from 17!! They have low bank funds and last Financials were unaudited.

GL

BT
JH77
Posts: 635
Off Topic
Opinion:No Opinion
Price:1.325
buying
Today 14:14
Ah well...Stop fallin out chaps. Not lookin too bad today so far. Here's to a good afternoon session. Off Topic I know but.... Anybody had a look at that HUR? Looks like a good un to me!
Buriedtreasure
Posts: 9,323
Off Topic
Opinion:No Opinion
Price:1.325
RE: Well
Today 13:38
Ahh Fredo I just gave you a heads up.

Can't say on XTR board any company names.

Good to see you.

I will email you my thoughts on a few other stocks in a few weeks time.

Good man

BT




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