To be fair to dodger, you did make this very unambiguous statement: 'Im totally convinced now that this is going for 250p a share max.'
However, in the next one you backtracked and then say you probably won't sell.
It had me perplexed for as long as I have been on LSE with this 250p target/max/whatever you care to call it next. I shall patiently wait to see what you have to say when this gets near 250p. I am enjoying the chand 250p saga. lol
I'd have to agree there. £2.50 is very low but his reasons are sound. We've all been taken for a ride on the merry go round. You say trust no one on this board, that goes for the GKP BOD as well. They have hardly looked after the pi's over the years. Take the director share buy in for example. That was a clear sign to everyone, 'get onboard' and here we are having to rise 125% + just to get back to John Bells director buy in price. It all stinks to high heaven for me. Off my horse now.
32 posts and calling the shots eh mate? Impressive stuff.
Read my post history from 2010 and youll see then that my mental target has always been 250. When it comes, things will be looking up intrinsically so I likely wont sell, as Ive not in the past when its come about. All Im saying is that Id 100% take that now as things stands, and looking at the SP in ratio to the progress mate, the heady numbers of 800 look pretty much impossible now barring a miracle and a total turnaround on the CPR numbers.
FWIW, I couldnt care less what you think of me, and Ive probably forgotten more about this company than you'll ever know in the time between now and her not existing.
No hidden agenda here at all. Just getting a fair/balanced price for my shares, and cracking on spending that cash. Thats all.
You say "GKP would need to drill another dozen+ wells to get the OIP numbers back up to anywhere near we used to be at". This is simply incorrect! The reduction in the OIP figure was largely because ERC Equipoise decided IN CONTRAVENTION OF STANDARD INDUSTRY PRACTICE to exclude the oil in the Cretaceous and Triassic because the current Field Development Plan only covers the Jurassic. This caused a WHOLLY ARTIFICIAL DROP in the Oil In Place number. It was WRONG, it was MISLEADING, and it cased SERIOUS DAMAGE to the share price. Who exactly was behind that decision is unclear. Some have suggested that the NEDs may be connected with it, but we simply do not know the facts. If you look at the drop in the Oil In Place once this DISTORTION has been removed, it's only some 10%. And the reasons for that are (a) a highly conservative Jurassic Fracture Porosity figure of 0.4%, and (b) a purported Jurassic Oil Water Contact level in the fracture system FOR WHICH THERE IS NO DIRECT EVIDENCE WHATSOEVER. John Gerstenlauer said on 13 March that a mere 0.2% rise in the Jurassic Fracture Porosity figure (from 0.4% to 0.6%) would add EIGHT HUNDRED MILLION BARRELS TO THE RESERVES AND RESOURCES. There is no way that the combination of the CPR and the depressed share price (depressed by the CPR in large part) are ANY indicator of the value of the assets or the eventual share price, or what the share price wi be in X months time, and so on!
I've always thought there was a negative undertone to ur posts......and now I'm convinced ur another with an agenda. 250p max.....don't make me laugh.....please show us how you come to this figure......or is simply plucked out the air to suit ur agenda..........but do us a favour when we get back to 250p.....sell . Keep trying ,every BB has em.....250p really!
Good to see you're still here in good spirits bud. I'm betting that next Thursday we will be over a pound again. The dizzy heights...I just want £2.50 that's all and I'll feck orf. Had enough here but it owes me and i intend to collect.
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