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Hi Stew
Thanks vm for your comments much appreciated.
Absolutely right on OO and MF.
Had to rewind on that and determined that 3 things IMO probably accounted for me being off the mark:-
I was so convinced that 2p was a steal ----------------------?
Pis were understandably battered and bruised by 10 years of false starts etc so more reticent than they perhaps should have been.
I know the Bahamas scene very well and knew there are many family offices there and assumed they would take up the MF big time.
(Eytan beat me to it and got all $10.5 mio in the new CLF!!!)
Joking there but I know there are billions in the Bahamas and thought some of it would be interested.
Anyway excuses over I was wrong and unequivocally don’t get it right all the time.
Just for fun my mantra is:-
6/10 is ok.
7/10 is excellent.
8/10 is once in a blue.
9/10 you’re a liar sir!
10/10 In nomine Patris et Filii et Spiritus Sancti.
Re Hedging:
Taking some off the table pre spud is wise. Ill probably do as such myself not sure how much.
I am doing strategic thinking thereto and will report back if you wish mon ami.
Do not short it at all IMO. I believe this will roll on into next year in terms of potential development with possible takeover at some point.
Always welcome for a drink sir - hoping to see many of our friends at Langan’s when the Amarone and B/H is on me!
GL mate.
x
Morning Interestking,
Superb posts very insightful and shows the huge potential, I have read all your posts and found all of them informative, I did note you thought the OO and MF would be well oversubscibed and I had hoped it would be, I am not being disrespectful here just saying that none of us get it right all of the time.
I believe you are the most informed poster here and do look forward to your analysis and in depth views.
Lastly on options you mention hedging at drill time, everyone must make a decision take part off and let it run will be my option probably !!
What is your view in respect of hedging as far as I can see that's it. You could at that point short some but I cannot see how else, could you explain.
Many thanks and hope I can still come for a drink despite being in Cumbria