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New board clearly been doing some spring cleaning....
Clearly out all links with the old HUR
Hmm. I wonder, has Daniel Bonter gone too?
Clare Slightam had been with RT since 2005. She was co-author of some of the Lyell Papers. The model of the Rona ridge subsea geology which has often been used in presentations and publications was hers. Her work has been totally rejected by the new Board even though some of it had already been proved up by earlier drilling. Clearly untenable for her to stay, but she probably knows as much as anyone about all that has gone on. It now gets interesting to see where she and RT emerge next.
Not sure if this has already been posted but the subsea director (the senior geologist) has left the company so the “burn the books “ exercise continues.
GLA.
OIL and gas production in the UK North Sea is set to dwindle to next to nothing by 2050,
Well I thought we were supposed to stop using oil at all in 2 weeks or whatever stupid timeline they come up with....until the wind wont generate enough leccy etc. lol..
who knows what changes in the technology will have been made in 30 years?
https://www.heraldscotland.com/business_hq/18798843.hopes-west-shetland-oil-boom-dashed/
What occured yesterday wasn't Hurricanes doing, oil down a bit today, but only positive news-which we know is a while off will sort out the SP. This share for any holder is best kept out of sight till the end of the year and then review every 2 to 3 months.
Nevertheless still interesting to note that based on their calculations/analysis FWIW, HUR “Fair Value” is currently 11p while TLW “Fair Value” is 10p at present.
Also agree here, it would certainly “be nice to get a good surprise rns after a year of bad one or those with enough gaps to erode confidence.”
'Where is PlantedBHA? Haven't heard in a while.'
Still in his white Van, zooming down the motorway with a shedload of paper HUR certs rattling around in the back, hopefully looking to flog the lot at the next investor capital markets day. :O)
Simply Wall Street is simply another Motley Fool with a few added bells and whistles , basically an internet scraper and not worth a jot!
people see 2.5p SP and a 46p past year SP .
Thats it , thats peoples investment research.
How much cash they got?
How much debt they got?
What problems they got?
What assets?
How much they making?
Who cares it was 46p last year , ill be rich next year haha
This stock has a big fat 90% risk to it. Its the ultimate gamble .
BIM-agreed. I have always previously said it was a write off and priced in as such. However i was doing some digging on spirit recently - and from what i read and the delay in any formal decision it made me think the fat lady hasn't started her warmup. Not building hopes up but it would be nice to get a good surprise rns after a year of bad one or those with enough gaps to erode confidence.
I’m with old Cap’n Swaggers on this one. Perhaps I’m putting words in his mouth but I think no news is good news too.
Peanuts I’m afraid
That should have said £1Billion MC of course!
threeput
Do recall that when the MC was around £1m, there were many investors who put in amounts like that based on the published reserves.
There are several who have lost more than £100k investment here, even though most sold at about 10x the current share price.
Buy Orders In Sucking The Sellers Up ! Nice 2,000,000 Buy @ 2.5p Today ! Then After Hours Buy Of 600,000 Plus @ 2.57p ! Remember it’s Been Taken Down On Low Volume !
This article is aimed more at the American Market......it doesn't help the fact we don't have any new assets.....until we do the price will remain the same.
If you read the article from today I posted up it will give you a better understanding of the company position.
You all didnt listen when everyone was warning you about this share luckily I got out in time took a loss but to see it drop like a stone is shocking people just more worried about shouting 14.5 k barrels a day and a ship lurking around
I think you're spot on there......if you read my below post which was released today then there's no chance of upgrading the field!!
Companies generally take PIs for granted. Year after year BOD salary increases when companies are struggling are approved with little opposition. We can only hope the fund managers investing can make them more accountable. As PI we use our judgement to hopefully get more right than wrong but investing in small companies, new exploration companies is extremely risky but then we hope to get rich soon!
I'm down four figures but luckily down the lower end as only recently invested due to the battering this share has had due to bad management and correction in reserves position. An extremely risky company but potential there to double or triple your money at these prices. On the other hand fully prepared to lose all my money invested in this one. Definitly a more gambling risk in my portfolio.
Feel for those invested in past as the previous CEO looks to have taken investors for a ride with unfounded projections and hopes. Hopefully new BOD can start to steer this company in the right direction.
Correct me if I'm wrong but I believe the company has raised over 872 million dollars in investment and debt. I expect there is significant infrastructure/assets if all else fails so at these prices hedging my bets that there is a return on my investment.
First, we are being shorted and second, until an RNS emerges which drastically upgrades the reserves and daily production forecasts on the basis of new geological evidence then HUR is a basket case. Invest at your peril but maybe take a punt on it for kicks?