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Sorry, Longwait! I thought it was MTV who posted that. Coming from you, I understand, now.
'And what, pray, is your evidence for this? Do you actally know or have met any longterm holders in HUR shares?'
I was referring to myself, Double.
I'm the LTH referred to.
I've been here five and a half glorious years and seen plenty jump overboard.
'And what, pray, is your evidence for this? Do you actally know or have met any longterm holders in HUR shares?'
I was referring to myself, Double.
I'm the LTH referred to.
I've been here five and a half glorious years and seen plenty jump ship.
MTV,
"Being a LTH of HUR shares is rather like being on a very long cruise and witnessing one passenger after another jump overboard because they have become convinced that it is going to sink."
And what, pray, is your evidence for this? Do you actally know or have met any longterm holders in HUR shares?
I feel it's more like being on a warship, which is forever being pestered by ne'r do wells trying to attach limpet mines to it, suicidal fools trying to ram it with small boats loaded with explosives, or other idiots attempting to attack it with smallbore weapons. And every time, although such events initiate calls to 'action stations'. and may cause new crewmembers to panic a bit, the miscreants are invariably seen off, usually with great losses to their side.
MTV,
"Being a LTH of HUR shares is rather like being on a very long cruise and witnessing one passenger after another jump overboard because they have become convinced that it is going to sink."
And what, pray, is your evidence for this? Do you actally know or have met any longterm holders in HUR shares?
I feel it's more like being on a warship, which is forever being pestered by ne'r do wells trying to attach limpet mines to it, suicidal fools trying to ram it with small boats loaded with explosives, or other idiots attempting to attack it with smallbore weapons. And every time, although such events initiate calls to 'action stations'. and may cause new crewmembers to panic a bit, the miscreants are invariably seen off, usually with great losses to their side.
'problem is we all expected to see land by now.'
That reminds me of the pre-war comedian impersonated by Ronnie Barker:
'I climbed the mast to look for land and when I came down, the ship was gone!'
^ problem is we all expected to see land by now.
fully aware of the massive potential here.
all I am saying is lets not pretend it is entirely risk free (basically its all bets on EPS).
given recent events I simply decide to take a little off the table for now.
Being a LTH of HUR shares is rather like being on a very long cruise and witnessing one passenger after another jump overboard because they have become convinced that it is going to sink.
@Haggis, noted, apologies for missing that.
@Albi1 : the long post above is mine (which AS quoted from DSPP thread)
^ decided to sell 50% and keep 50%. Excuse my concerns over recent events (as described above). Hard to deny it's all bets on EPS.
Good summary AquaeSulis.
Haggis - agree with AS's summary - you're in profit. Capital protected. Main thing.
haggis trap , accept your small profit which none-the-less will feel more like a loss compared to the risk/reward you were sat on, but what part of "I am out" am I misunderstanding?
Been invested here since 2014 as longer term holder.
Haven't trade the stock / sold a single share until now.
However I am now out (all be it on a modest, profit).
Felt melancholy when I pressed the sell button.
Have emotional attachment to this company - however something has spooked me.
1) DSPP analysis of the water-cut is a concern (though it might be panic on limited info).
2) Last 2x RNS have been deliberately vague / contained little positive information.
3) Warwick Deep and Warwick Crestal both raise more questions that answers. Makes me questions the models / geology.
4) Little positive news on horizon for a little while means share price may drift lower.
Ultimately success here is very much dependent on volume. For take over a major will want enough oil to make full field development WoS economical. Right now all bets are very much on Lancaster EPS. *IF* it did have any issues then the share price would get hammered by at least 50% overnight (plus there will be questions over Lincoln).
FWIW : I still believe in the company and their integrity. Excellent board of directories and technical vision. However it seems to me the potential risks (however small) currently outweigh the short-medium term upside. Basically I need to protect capital and would be back under water if price drops <30p.
FWIW : Once the concerns above I answered I may very likely buy back in the future.
Time will tell (it may even be that I need to buy back in at higher price to mitigate the risk.... )
^ longterm holder who recently sold 50% at small profit (but may likely buy back in once some of current uncertainty clears).
Explained clearly the reasons why inprevious post (dspp thread).
Longwait; HaggisTrap has previously posted that he is a LTH who sold his holdings at recent lows suffering a loss, so I suspect he is now talking through his pocket desperately hoping he hasn't panicked but secretly feels he may have acted too hastily
'I think my problem is we are one RNS away from disaster.'
(HaggisTrap)
'No, I think your problem is that you worry too much.'
(Double)
Why can't we be one RNS away from a re-rating, with people finally waking up to the fact that this company is on its way to being a huge success story?
^ having been invested since 2014 why would I want EPS to fail? However simple fact remains : any issue with EPS impacts on everything. Massive potential here but it comes with risk
Oh, forgot to add this:
https://www.dailymotion.com/video/x75bt6
haggis_trap,
"I think my problem is we are one RNS away from disaster."
No, I think your problem is that you worry too much. It'll lead you to an early grave, laddie. Nowt wrong with that, but a more fun way of getting there is drinking lots of whisky and stop bothering with nationalistic politics and petrogeology.
You sound like yet another of those people who actually WANTS the EPS to fail. If Rommel had had troops like you, he'd never have made it out of Berlin.
I think my problem is we are one RNS away from disaster.
If Lancaster has any issues that that translates directly to Lincoln / Warwick.
For me the geology and models under scrutiny following the last 2x drills (jury is out).
All bets really are on the EPS.
Some good posts today and actually over the last week or so examining this from an investment point of view.
Would my money have been better served elsewhere earning dividends, interest or trading over the last five years? Yes. Unequivocally given the SP is where it is now and looks to be driven lower. That's a fact. Not interested in arguing on that point - for some who bought in low/traded etc that will not be the case but I'm talking about me, average Joe, PI investor.
Does this company have enormous potential? Yes.
Can it fund future development and what will that development be? Probably and let's see what the December RNS tells us.
Is this an exploratory Oil and Gas investment posing high risk to investors? Yes. Though risks are decreasing substantially we await further data to substantiate the possibility of returns.
Is this a great story and a bit of a hobby horse for those who can afford to lose a bit of money? Yes.