Thanks for the nice message mate. Fortunately i wasn't invested quite as heavily as yourself, however I did sell half my holding just over a year ago (also at a loss!).
My honest view on this is that if it wasn't for the crash in oil prices there would have been another reason as to why the sp is still falling. Over the years it has always been a case of waiting another 6-12 months and when that times comes just extending the time scale.
I do hope Ges you manage to recoup some of your loss. Unfortunately I'm in a position where I need the money in the next 6 months and really can't see this doing much this year. (Could be wrong of course)
I'll still read the board and I often read III so I see your posts on there.
sorry that you have made a 70% loss on your investment, and wish you all the best in trying to get it back elswhere.
Unfortunately i am in the same boat as you,and my £15k invested over 6+ years is only worth around £4k at the moment, The Preacher Man has caused a lot of grief for investors, as i see it as himself who started this whole demise, with his shorting and Cloak and Dagger Accounting,
He and his cronies (the Aim Bloggers) and Y A Global are the only real winners here!!!
I have to hang on and see if by some miracle he can make the Phoenix Rise for a second Time.
All the Best Leehag and thanks for sharing info over the years.
Hope somone can post this on lse so leehag see's it? thanks
I know you're new here desert but I think more will be sceptical of your advice than that offered by a long termer thats been here since matt took over.
There is serious concern now that this could fold, if you're too blind to see that then so be it.
Many stand to lose considerable sums including myself so I'm definitely not gloating about this being a distinct possibility .
Have you looked at the trend for past three years?
Also suggest you look at difference between cash flow positive and "profitable" . Two terms with very different meanings, yes we are cash flow positive but that means very little for an exploration minnow such as ourselves.
Profitable , never have been and likelihood of ever being so dissipating quicker than wti decline.
Only one winner here , its matt . He's taken a wage and expenses whilst slowly bleeding the rest of us.
Gla, lets hope I've been wrong for past two years and ntog is about to " have its day",,,,,, my guess, another dilution in q4 at 0.08p then an end to ntog as our Wi is bought out by ward and partners next year
With a positive cash flow and having no debts whatsoever this share NTOG, at this low price it is very tempting. Tempting from the point of view of another oil company that wishes to expand. Another company that sees obvious potential in the future will not hesitate. I am not talking about small companies that are struggling at present but the bigger fishes in the sea. I expect this share to rise sooner than later. These silly people on this board who continually say its time to get out, well go then and don't come back. Who wants to listen to rubbish, I do not. If you believe in this share because you have shares then you support it. If you feel things are not right then say so but do not tell people to get out. Why are you staying Mr UK Investor?
We have to face it, don't get me wrong I wish BG wasn't right in his predictions but he has been all the way down to this current sp. Its just the way he puts his point across, that has an air of sarcasm in it. But each to there own and life would be boring if we were all the same. I'm not having a go at you BG as I agree with what your saying, but we are all suffering here, we just don't need an extra turn of of the knife, unless you like that sort of thing.
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