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LTID,
I absolutely agree with you. The long term benefits can be huge to a small company with a low MC.
A conservative estimate of $30 profit per barrel on 500 a day, is just show of $5.5m a year.
All I'm trying to impress on Mr Magoo is;
When, and if, the Middle Cruse Rns is released and it shows we are churning out 500Bopd, our accounts don't suddenly 'ping' to the tune of an increased market cap of that extra x amount of million dollars.
To suggest the Sp will re-rate is inferring the share price will jump up (double?).
And on the amount I've only suggested it might produce, it won't re-rate.
My words were solely meant for good intentions to Mr Magoo as my days of posting thoughts and sharing facts about this company are pretty much done due to the mindless squabbling that goes on.
I've made, and lost money, a lot of money, and i'd hate to see some folk naively thinking their dreams of becoming overnight millionaires or 'getting rich quick' in today's Aim market is the norm.
Hi GRQ it isnt so much about this one drill but to prove out the SWP and lets not forget that at 500 bopd it would equal over 7 mill dollars in to the coffers and for a company with a capitalisation of 20 mill thats big
Mr Magoo,
As much as I admire your passion with this company, I have to ask, you mention a re-rate.
What do you think the Sp will re-rate to if the Middle Cruse does show and produce commercial amounts?
The Lower Cruse has all the hall markings of showing inconclusive results, and even if the Middle Cruse does produce, say 500Bopd, how reflective will that be in the Sp? (I'd also suggest 500Bopd was rather ambitious).
When LGO would pony up $500k for their shallow wells, and in return we saw 100-150 Bopd, the Sp wouldn't budge. Granted it's a lower amount than my optimistic 500 but, just because a well produces oil (regardless of the amount) it doesn't mean the Sp catapults because it automatically inflates the accounts by millions of dollars.
When a tap dribbles out small quantities of oil and it takes years for millions of dollars of revenue to finally siphon through, the Sp isn't automatically re-rated knowing the well will return modest amounts of $ in a few years time.
I only say this as, at times, if I may say, you seem somewhat naive.
Still, I've been investing in AIM for 15 years, and that doesn't mean I'm not naive.
As long as you're happy ol' boy and have a broad knowledge and the grey hair of wisdom is on your side then good luck to you.
Regards.
Hahaha very biblical
............ and Chesh is not......!
oh well.........!
All the best (one day eh....... !)
Be reassured that Schroeders are FCA approved.
Someone has bought, profited, and want's back in.........?
I'm lost, and hurt :(
All the best.
There are three types of irony: verbal, situational and dramatic.
‘Say what ya see’
I love playing Catchphrase :D
That's harsh..............!
All the best.
But they don't or can't write the script LLL............!
and so don't know more than us mere mortals............. :)
All the best (whilst the Gods are doing the drilling, 'n flow testing the lower cruse :)
All I see is there holding going south and so is the sp. Really not sure what is so difficult about this. In addition we are paying contractors in shares, who will - guess what - sell at the earliest convenient time. There is no immediate amazing news around the corner, so guess what...nothing to counter balance all the selling, Again, what is so hard to grasp here. Being a shareholder of a company shouldn’t make you less critical; infant it is the other way around.
This share is only fun for the traders like Chesh, who lack the intellectual integrity to communicate their real intent. Trolls are a nuisance, wolves in sheep clothing are worse. All IMHO. At this rate, this will drop even further. 1’s searingly close around the corner. Wake up and smell the coffee
Dunno LGO, I don’t see it any different to multiples of holders or traders selling... it’s their holding/strategy, not mine.
Even you have a target price, both low 'n high (sell or buy) IGO-fan..........!
don't you...........?
Schroders, with all they're fund management knowledge will have also..............!
so why sell 5p shares @ 2.5p or less...........?
All the best (caveat, some at 3.5p :)
So they are and most likely will keep on selling. LK will not have been able to convince them to hold; most he will have gotten out of them would be a vague promise to sell in an “orderly fashion” (as if one can can sell otherwise?!)
Still a lot of shares to offload....bottom now? Doubt it: Schroders will continue to sell and meanwhile the timeline on the latest corporate update suggest there is no game changer in sight....
Boots are on the ground Siliv..........!
there is a reason for that..........! IMO
All the best ( Now ....... !)
Always.............!
even look in on nights........... :)
All the best (good counting :)
8,500,000 To be precise :D
Approx 1.5m a week or 3 x 500k a week, As per previous offloading?
I’m glad you are on the ball Chesh ;)
101,778,571, 13th Jan
93,278,571, today............. :(
All the best (Soz Garn....... :)
Percentage has dropped but the number of shares they hold from the previous notification remains the same.
Hit the base I reckon LGO-fan..........!
firm support @2.25p , 'n Rustin is a chartist...........! :)
All the best (bosh :)
Why are you saying Schroders have stopped selling? Do you have any evidence for that? Hope you are right, but would be great if you could point me to anything to back that up. All I have seen is a TR-1 showing their holding has dropped?
Looks like Schroders are done selling for now and have gotten down to a level they're happy with, hence releasing a holdings RNS confirming new holding level.
I don't think it's indicative of any knowledge of Saffron. Frankly if Saffron were to be a duster at lower cruise and Schroders knew about it already for the last few weeks they'd have been FAR more aggressive on the sell side than they have been.
Price action looks much more like they're wanting to reduce exposure without collapsing the SP, rather than outright dumping.
We might see a bit of a natural bounce now if the pressure on the BID is easing.