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Been around for 6 years waiting for them to drill it, what's another 6 years in the scale of things?
Crikey, the HTGT sorts thinking about staying around for the drilling ! The continued rise on no news makes you wonder if there's a late Friday RNS in the offing which if so leads to the usual rumours of leaks.
Two sizable buys gone through 1m and 1.4m. Looking more positive. The size of the resource they have is huge....if they would just let us get on with drilling it!
@Crusty - what recent performance. I have been in the game for 14 years and I am here to tell the tale. Yes we win on some, but don't be misguided just because you haven't quite been able to do as well on a particular stock. I do look at a multiple of things but a clear give away something is up is a change in average volume - got some investors with deep pockets grabbing some now at just shy of 0.70p. I will see how we go, but for me there is a little more to it and perhaps that seismic has been signed off.
Obviously they don't want us on the riser board?
Am I blind or are we not on the leaderboard?
A good summary Kempey.... I have very similar views and experience. Too greedy at 7.5p - I had set my limit to top slice at 8.00p which we just missed on the intra day spread. Though if we had actually seen that "back to back drill" as had then been anticipated I am sure we would have seen that 10p that you were aiming at.
That said if I had taken profits at 7p+ I am pretty sure that I would have only reinvested them again on the way down and doubt I would have an average much different to the one I have now.
Anyway must dash. See you all again in a couple of weeks.
GLA
At least you can afford a holiday Crusty, unlike us dumb clucks.
"Just a suggestion sell up, move on and move to Crypto - XRP and XLM could well make you your money."
If its all the same to you I won't be taking your advice MavD - not based on your recent performance and transparency ;0)
I am off on Holiday for two weeks now, so likely to miss all the excitement. Doh!
GLA
Tanzania, I consider myself a long term holder whether forced to be or want to be. I can assure you I have lost a lot over the years and learned the hard way but fortunately learned enough from my losses to recover to where I am now. I stopped trading a few years ago and now hold a small portfolio of investments made after lots of research. Aminex was always a LTI for me. I Just expected financial growth over the period not regression.
MaverickD, .. generally a safe and sound investment tactic to take 50% out on a 100% rise but I'm glad i haven't used that tactic on some of my investments. I didn't take 50% out of my GGP shares bought at just over 1p. and now I'm sitting on a small fortune. Given its a unique investment I should do well over the next 5 years, so you lose some and you win some. Yes, I saw the share hit 7.5p I remember it well because I've got a lot of them and at the time it covered losses on other shares and on paper left me well in profit. Thought I take 50% at 10p which, I really believed on the size of the resource, was going to be achieved. I'm sure we've all been there. I do believe Tanzania will come to its senses and permissions etc given for companies to progress. At the moment potential investors are reluctant to invest in Tanzania because of its track record.
Fair enough messrs Maverick and Kempey, we now know you are HTGT sorts relying on us LTH's plodding along but please guys, stay away in the shadows rather than telling us about how many gains you've made hither and thither off the back of us dumb clucks ! For those in it for the long run, quite a rise today on no news but expect Mav and Kemp to trade those gains away.
Kempey this is true, but regardless of potential I tend to take 50% out when I see the sp move up and double my entry point. You too must have seen 7.5p like me, but by then I was all out. I started buying back when we went sub 2p and added aggressively sub 1p. The potential has always been there, but ARA joining and then leading gives me supreme confidence that we will see the SP appreciate as and when we hit milestones.
Like you MaverickD I also believe there is the potential for this to be in the teens but politics in Tanzania is such that its difficult to realise that potential. ARA has been on board for a while and still no movement. If I remember correctly didn't the Chinese build the pipeline for the expected gas years ago. Like Crusty I've been here for years with £40k held up, fortunately at just over a 1p, so I may do OK in due course but I never thought for one minute we would be where we are after 5 or 6 years.
I certainly hope that is the case BG..... fingers crossed! ;-)
The difference being that I once managed to sell at 4.5p and again at 6.5p about 5 years ago, so just a case of not really caring, as I know that pending the resources being proved up we could well see the teens here. With ARA on board and a new regime in power in Tanzania it looks good getting the gas to market!
Crusty are you just a little bitter? Or have your money stuck here? Just a suggestion sell up, move on and move to Crypto - XRP and XLM could well make you your money. Plus side is that Paypal now allow you to buy Crypto, so expect a lot more retail buyers to join the market.
yes Crusty agree, but hopefully, that will balance out soon enough : )
The glass half empty brigade will have been on the higher side of that equation for about the last 5 years methinks BG ;0)
the thing is Crusty, there are those among us who's glass is always half full and those who's glass is half empty, and no doubt they're both right half the time. : )
In ortum
You may well of course be right MaverickD, after all time is passing and end of September is nearly upon us, so if you keep saying the same thing endlessly you will surely be right eventually.
However don't count your chickens MD, your similar optimism of two weeks ago proved totally unfounded; let's just hope that the same is not true on this occasion.
Should be 3p minimum, but I am invested for the long haul as Tanz is a gas rich area and some mammoth finds have been made. Trust ARA to do the business and monetise the project. I just wonder if they will buy Scirocco's share or will Scir wait for seismic data in negotiate a better a deal.
looks to be heading up with some large buys today - perhaps an update next week driving the price. Seismic booked?
err...?
Don't include me Tanz.
UWE has been praising this share ever since it was 10p. Look what happened...!
How's the bingo in the Bedford Hill social club?
Yes, I'm cheered up and thanks to you Edgar, the one voice that we all now respect and follow on this forum.