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RE: 10 years in the making could well be worth itWed 14:10
Yes, I agree that if they can get a deep on test and delivering it will be transformational for the company. I'm afraid I just lost faith in the company, and particularly in the questionable honesty of a certain leaders RNS statements. I simply didn't believe that selling the producing assets to the Chinese was a good idea, we could've spent the revenue as it came in on the development and retained the assets. As it was, we sold them and frittered the money away as revenue to an insider-owned drilling company which couldn't/didn't deliver. I'll be glad to buy back in the day they flow a deep well, or the day they replace Clive Carver as chairman, whichever comes sooner - either would improve my belief in the company.
10 years in the making could well be worth itWed 13:55
Each to their own I say and if you make money while out all the better. I've been making money elsewhere but only put in profit now in here . We are close to news on all the deeps but let's not forget that mjf will be having a lot of wells being drilled with 3 to be done by Christmas plus the cleaning of existing wells. As rns stated a few times and that is all around us have taken 10 years plus to get the deep wells up and running and on far bigger budgets than us. If we get one deep on test despite what people think here that's some going for a small oil company so imagine if they get them all sorted be that 1 month or more it will be a phenomenal achievement. I'm loaded and waiting with anticipation for that news.
No, I got early parole at 12p/share! If they ever show signs of life of actually delivering, I'd be glad to buy back even for a higher price, but I just don't plan on waiting another 5 years whilst this stagnates at 10p for them to actually achieve anything by using their insider's local bodge it well drilling team. But when it actually looks like they have a flowing deep well which produces long enough for an accurate, reliable flow test, I'll be buying back. Until then I'd rather buy lottery tickets.
You're joking, right? This company has a multi-year history of writing stuff like that in RNS notices and never following through. In about 6 months you'll see an RNS which talks about them having dropped a spanner down in in mid October and are waiting for a mythical rig from some far off distant land to be brought to the site to do some work. Then a year later you'll hear about how they're going to try a sidetrack. Then 6 months later, you'll read an RNS that they've decided to try an acid workover. Then it'll be heavy mud. Then it'll be that deep well A-x is going to be put on 90 day test "without delay" and on and on it will always go. Punctuated by share issues to buy adjacent worthless land to raise the theoretical market cap and thereby provide the leadership with their market-cap-dependent bonuses. And if you don't believe me, just read the last 5 years' worth of RNSs and draw your own conclusions. (Oh, I almost forgot, and then at some point there will be an RNS stating that, sorry, we forgot to mention a year ago that a large insider sold a huge number of shares!)
I havent got divorced, but I have moved house, retired and seen my daughter through UNI in the same timescale -- the carrot stick may be lengthening I think... Mind you I have been per-occupied with the non-events going on over at BCN.. The carrot stick here has just grown hugely....
The wait must surely be over soon... I have been divorced and moved house three times in the time since they hit oil at A5. Just waiting for another damp squib if an RNS from Clive so I can maybe find time to build an extension on the house before eventually taking some small amount of profit!!!
There are a number of reasons for holding this share and the small number that are likely to be traded in the event of good news from the deeps is just one of them. A second reason is that the existing price more or less completely ignores the value of the deeps which are discounted as if they do not exist. A third reason is that the market has got used to ignoring any speculatively good news from this share because there have been so many false dawns and disappointments in the past. A fourth reason is that international prices on the MJF structure allow not only the investment to fully exploit this field but also the revenue to put serious money into the deeps. A fifth reason is that there is virtually no debt. A sixth reason is that the news coming in from the deep wells has started to improve.
While not believing those who are certain that this will all suddenly come good in the very near future, I think the timescale for a multi bagger return is now short enough to sit still and wait for the good news to arrive. 100% in
Kuat 800m ... Kairat 225m (3ab shares ) Kazak & Korrean and concert party circa 520m free float 309m ..... I can think of a handful of lth pi s that I talk to that are holding at least 30m shares and they want rewarding . ... one deep on flow makes these a very sticky stock to hold and acquire ..... wont be long.
A thoughts been running through my mind for quite some time.
There’s 1.88bn shares in issue. Kuat n co. Own 800m+ Limerick n wife own 6m+ Kairat owned 175m as of Dec’18 For arguments sake let’s just say amongst BOD/directors/retired directors they own(ed) 1bn between them.
There’s just under 900m outside of that circle.
We know institutions own X amount.
Coffee and FK with their very deep pockets along with MO, Jacks old man and my last shilling there’s going to be absolutely didlee squat free float knocking about.
When the news comes that the deeps are flowing and on test without anyone throwing an Asda trolley down it. There will be no free float. Demand will outstrip supply, vertical rises. The weak will sell and it’ll keep on recharging!
Once it’s passed 90 days flow test, and the proofs in the pudding. Well...Well... GKP will be considered as a distant memory.
If you watch the trades I think the buyer and seller may be one of the same. Large buys and momentum followed by a significant sell. Been the same for the last couple of weeks. Kills momentum every time and holds the price in a range.