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I agree with the comments made by JAdam and Tuan.
There are a lot of clever-dicks saying that HUR was obviously never worth anything like 65p, 35p or even 25p, and of course that we are all naive suckers who have been tricked into buying something that is obviously worthless.
Take a look at the share register: most of HUR's shares are in the hands of institutional investors.
Obviously, Richard Bernstein was a naive sucker when he topped up at 52p, declaring that the shares were 'cheap,' and even more naive when a few months ago, he bought 24 million more at about 14.5p, obviously thinking that if the shares were cheap at 52p, they must offer even better value at 14.5p.
Jamie Ashcroft, who has recently joined the 'HUR is trash' choir, said that a successful EPS would 'underpin' a share price in the 50s.
Apparently, he was one of many who were suffering from the same delusion as ours.
It afflicts private investors, institutional investors, analysts and journalists alike.
I would just mention some other stocks in which I am invested.
When PMO recently touched 10p (after having recently been above 100p), clever dicks were predicting that it would go bust.
It's now 30p.
TUI fell from 1812p to 218p, rallied to 360 and then slumped about three trading days ago to 250p.
Clever-dick posters declared that no-one would ever go on a cruise or plane again and that the company was finished.
One genius poster predicted a rights issue at 125p.
Today, it touched 628p.
Dive centre - Did you now?
I am sure we will all recommend the Tuan 6 post. Succinct and well phrased. In the meantime LTHs just smile and say we are good thanks to the doomsayers.
GLA.
daltry
I did consider reporting the post, Rule 6.
Tuan6 - Malay - I really don’t have the energy to work out the gobblygook you are saying, but I’m (politely) sure you’re right!
MMs pay more tax to so who is good for FCA if they need money from tax payer MMs or solo trader ? think it befoer you said FCA suck ,they love money from solo trader as we love money on share going up
JAdam - I share your frustration. This share price, this company, these MMs are ALL CROOKED. I OULD LIKE THEM TO PROVE
JAdam - Your last paragraph says it all. The game the manipulating crooked MMs play are that they screw you so much, you haven’t the funds left to take appropriate legal action. The FCA are totally toothless and impotent body, containing people who are there to show the flag but don’t upset anyone!..The ‘city’ is a dirty place. This company need some management with some oomph! This is now a penny share, and it’ll take a lot to get it’s mojo back!
The price drop from 60 until now . Long time drop seem something big behind it while it star to make money.some crazy company never making any money and share up too sky. Some. Making very good but share down. . hehe. Making money on share is not easy as it look
Don't see it happening until the lockdown restrictions are lifted.
I understand what you saying.
Previous update stated clearly they are not going to drill well 8 this year.
Today's update re Lincoln p&a date pushed to next year
That leaves works on well 7z. Whatever they want to do with it.
Wouldn't it be cheaper to drill sidetrack and plug back the horizontal leg of 7z? That's assuming they won't have water probs in the new sidetrack leg...
Fix it if it's fixable. Dr T is not someone who will give up his 10years+ dream.
Alexios - I must disagree, if they are going to drill a new well or have a workover if is infinitely better to do it this year, else the new well could have to wait until 2022 for connection to production system. Rigs are likely to be cheap and most importantly the company could get an extra year of revenue and testing prior to the bonds settlement date.
Get the job done early and have an easier year next year.
The difference could well be over $100m in cash balance.
Next update should be rig cancellation update.
No need for it this year