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I'm also very sorry to hear the accounts of people losing money. AIM can be very unforgiving and is no more than a wild casino at the best of times. Nearly all of these companies have fantastic sounding projects that seduce you in. It is a market that will slap you as much as it can reward you. I have been there myself. I was in GGP when it went to 38p and decided to wait for much hyped up (Scallywag) drilling results. Everybody was expecting a discovery, as a near certainty (a bit like the 95% COS here). Then BANG, turned out to be a duster and the sp took an instant big hit. That was a painful lesson. But it taught me a few things, including 1) never listen to the noise on bb, 2) don't believe everything these AIM companies tell you, and 3) have your own strategy and then stick to it no matter what others are doing/advising. Fast forward He1 (last year) and ADV this week, I did not wait for results. Believe me, it was very tempting on both occasions because of the huge potential upside, and had it not been for that GGP lesson, I would not have stuck to my strategy (of not taking the chance, no matter what).
So, the moral of the story is that losses, as painful as they are in their aftermath, can actually be valuable lessons and milestone moments in your 'investing career'. There will always be other opportunities and I hope people are able to recover some or all of their losses in the not too distant future. And no doubt for all of us, our experiences here at ADV, will make us all better at navigating them. Let's hope so anyway. (And btw, I certainly will be retaining my scepticism the next time I hear about a 95% COS.)
As for ADV, I don't know where it goes from here. The lateness of the RNS (and just why was it so late?), the lack of comment from LP, the instant decision from Carnarvon to walk away, are not indicators to me that there is anything positive to be resurrected here. But the next RNS can't be all that far away, and we will find out soon enough.
As always all IMO and GLA.
I asked the question on proactive about plan b and the response was that it was almost unthinkable that it would not succeed. I read the cpr and saw the text on difficulty to interpret but was convinced by the experts who gave it a 95% chance. Also the cvn schematic that indicated the attic was on top of existing oil so gave some confidence that we would hit. I took reassurance from all LP interviews and tbh some of the backing received by eg Malcy. I took the wording in the half Year accounts as extremely confident rather than a concern although it did strike me later that night it was odd they hadn’t waited till post drill. I didn’t notice the salary till later - it used to be a lot lower I think.
I had retirement in sight and wanted it to happen as my wife is seriously unwell.
I derisked only 10%….sort of on the basis of the 95%.
My wife thinks we are well in profit…….
This is a total nightmare. I’m going to have to raid my pension pot. I have been contemplating ending it all but I don’t think my insurance would cover suicide.
Nightmare
I’ll soldier on but a light has gone out and struggling to live with the lie
I really feel for some of the shareholders commenting on this bb today. The loses some of you guys have had to stomach are just eye watering from my perspective.
I to was sucked in by Peterkins interview on Malcys blog I should have top sliced on Monday. I have learnt that lesson now.
This has made my tummy go all topsy terby
As a service *
Doesn’t it just !
Essentially as I service to society from this day forward I shall no longer just observe I shall post and should any of you good folk see me on a board sell and sell immediately! Im bad luck quite honestly .
But still Monday …
Stop it!!
Unthinkable i was told
The word “ inconceivable “ keeps cropping up in my head . Now where did I hear that ?
Not told mine either - I’m quite fond of my gonads - don’t really want to lose them !
@bladey
And that sir is the reply of a gentleman.
Many thanks .
I cling on to hope here foolishly maybe hey .
All the best .
@argylltraveller - it was me who posted it. I lost 6 figures, it was my fault, my broker had been pleading with me to reduce exposure even 24 hours before but I was totally stubborn and blinded by the lights portrayed in peterkins interviews.
Your post brought tears to my eyes and although I lost big, I have a number of successful businesses and I will get over it.
It just brought to light to me that this game is full of people who ramp and dump shares not knowing the consequences.
I blame peterkin, everytime any doubt in my mind came about regarding this share I would watch one of his interviews with a coffee and that would get me excited again.
I hope nobody did anything silly when the pooh hit the fan. I also hope you now won't revenge trade to try and get your money back. Take time out and reflect.
Take care all of you who lost. Remember your families need you and if you have your health you have everything.
You have to get up and start fighting again.
God Bless
@SI, that's a plan albeit a long one ...but a plan nonetheless. Still, I'd like to hope and wait for ADV to come back with the analysis from the logs, good or bad and then move forwards. They're i'm sure weighing up the pro's and cons in both current and future plans. Both scenarios we're invested in, regardless.
@Amc, you're most definitely not alone mate, but a loan isn't the way forward. We were all noobs in the beginning and we've all made bad investments in the early days... and if someone tells you otherwise they're lying mate. Reckon you just need to pool with some guys who are genuine in guiding you to avoid making the mistakes we all made in the beginning. I'm on telegram as Bladey, contact me if u wana talk about it mate... but rest assured you're not alone !
Yeah I can’t argue with that . End of .
I was in he1 from jan 2020 6p to 28 p . Then as we all know and then I chased it . Not even told my other half yet ughh . Ahh well I know it’s my fault and I know the rules and the world .
But thank you , you’re right .
Amc20, don't do it. Never get a loan to invest in a punt. I did 4 bags in HE1 a few months back, I believe HE1 is a long play, do not just jump in thinking you are going to do bags, there are loads there that got spiked, last time. Only invest what you can afford to lose. in my honest opinion. DYOR
I really hope this isn’t the case . But that’s hope . I simply don’t have enough knowledge or experience in this ( 13 months don’t laugh ) to comment , just hoping now or quite simply what was 28k is basically gone . Even now thinking of loan to get into he1 , nothing crazy but from my limited experience last year and how that ramped up and how I now know how to top slice and and and … what a pickle . If I didn’t read these boards then I’d feel very alone and low thinking it was just me . A half decent rns please .
I’m sorry share but still smarting from all this.
I’m in the same boat
I posted something on here on the 20th January which another member actually posted on Twitter. https://twitter.com/Aminthegreat4/status/1484238914810527762 . I like PDR lost £79-80k. F@@K me i cant get this out of my head. I drove to Oban today from my house about 50 miles away and all i thought about is i need to get 10 years of profits and a nest egg built for retirement back. This was built on me and the wife living in ****holes overseas working with ar@@holes to just get the money.
Who is up for sharing sensible share tips and suggestions between us all to recoup our losses on other shares. I know there are some childish people on here, but to me 95 Percent are decent people who have lost and need to get funds back. Lets just pool our resources and knowledge.
If its of interest we can take it forward through some resources I have, Web domains ect and set up a website, which my boy can do in an hour.
I think that those who invested in this sector for years have by now understood from the last RNS and from the comments from the CVN CEO that B10 is dead. The concept was right, but these drills are not always successful for various factors, typically the seismic was not as accurate as expected or there was no oil at all. We did find some oil but from comments from Leslie earlier on the amount found is well below commercial quantities. The board will in my opinion only have one way forward as they will struggle in finding any equity funding for either a B10 side track or other Buffalo look alike deals, that way out has been mentioned a few times by Leslie ie a production asset funded via debt. So I have no doubt in my mind that this smart board will try all they can to bounce back putting all efforts in reducing costs to preserve cash as much as possible and trying to secure such deal short term. The market might not like to hear that B10 is dead, but investors like me know this is clear and we have to move forward and know that our board has the ability to replicate what RRE did by doing an RTO as a small cap into a producing asset and re-rate gradually to deliver an initial move to say 1.5-2p and so on thereafter with other similar deals. If you agree to this view, and if they can deliver it, we are probably close to where we could be with a shell with a couple of mio cash to keep us going without any problems until such deal is closed and generate cash flow thereafter to stabilize the ship and generate enough cash to close other similar deals and replicate what RRE did. DYOR