Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Haven't been on line for a year as they were a long term investment , where's my money gone
long time ago
Still can’t believe this deal. Absolute joke
Now being no expert investor more of a lucky gambler who usually takes losses accordingly, I must say on closer examination of this matter it fecking stinks shame on all partys concerned if it was gambling all bets would be suspended. My losses are small compared to others but the pain of the injustice is same. Power to the small investor. What's the odds on this deal crumbling.??????
I hope Ophir management get investigated and fined every penny they have every earned. Robbing cunts
stinkrat, booger n fn damnation, thats me on a loss of £55k, I curse the day etc
I dont think the current shares transfer across to a new holding in Medco tho OilyV. This is the end 57.5p payout unless the deal falls thru somehow?
Thank you for your reply OilyV
I am holding and will continue to do so long after the short term gamers are gone!
I expect £10+ minimum!
DYOR
Thats me out LC
My sales showing as buys LOL
Thanks for the ride was up n down to say the least
Gl with your other investments.
* Medco
Why are Morgan Stanley taking out short positions in cfds? Am i reading the rns's wrong? How could they expect to make a profit shorting if the deal with Medico is all agreed? Is anyone still holding plz?
Interesting that we have funds still adding atm.
For example, Tibra Equities added 3m shares at 57p .... is it worth it for £15k profit ?
"...The talks will ensure all parties involved will benefit fairly from the project, Energy Minister Medard Kalemani said at a meeting with Equinor executives in Tanzanian capital, Dodoma. Other companies involved in the project include Royal Dutch Shell and Ophir Energy..."
Just read this on a fb page today
https://www.oilandgaspeople.com/news/highlights/18164/tanzania-to-start-talks-for-30-billion-lng-project/?fbclid=IwAR3hEBdt3t2S6tzdIa4nVDEx8JW9XYkG_APN-Baq7s6_h9HANG7zrCZfHC4
This bod should be locked up, I’d love to meet them and tell them what I think of them.
Cheers LC
Had a little look at Amerisur , but locked in a few others at minute
Do you know when we will get cash from ophir, thinking just sell now instead of wait,
Have a look at SAR,been in since 2011, made a bit on spikes , but think big 1 due.
LC,
Agree, torrid end and totally unnecessary.
Problem is Ophir is not the only bad apple, just makes it worse that it's a main market listing and this type of daylight robbery of PI's and pension funds is allowed to carry on.
Boys club, alive 'n' kicking.
aimo
Morning LC
Sorry about your loss, disgrace what they done here,
I would have lost massive here , if not took bit of your advice and averaged down in the 30s,
Was a big risk , as i thought it was going to go all together,
Good luck with any others you have and hope you can get some losses back.
Frank
One of my best ever holds.Sold out today. Nice profit.
Thank goodness the board flicked away Coro Energy. Basket case company that never had any cash, trying to move their SP by making a shill bid for Ophir.
https://www.bloombergquint.com/business/tanzania-to-start-talks-for-30-billion-lng-project-in-april#gs.2k7yz6
This would have been sitting around 80p today if it wasn't for the crooked board.
Oil up / Movement in Mexico / Tanzania news
LC do you think this is a done deal , or is there any chance at all , it will be rejected
Comes back to the question ..... Why do we NEED to sell ?
The answer is we DON'T.
So corruption is alive and kicking aimo
Sorry about all the typos in my last post - but the offer of 55p just makes me so angry when the directors should be trying to sell our Mozambique assets for between $1-1.5 billion.
The people who say it was an offer above the share price at the time ...how naïve can you be....don't you know the financial markets are as manipulated as a conjourers' playing cards....it only takes a few rumours and a couple of hundred thousand pounds to move a small share like Ophir by 20-30%...look at the typical sizes being traded on SETS....look at how spaced out they can be …. if trading is light you can have 10,000 shares at 70p and nothing in between up say 5,000 shares at 72p and then not much again in between until maybe another block of 10,000 at 73.5. That is just an example ...but I have been trading for ten years and it makes me so angry when politicians look to the market to decide on fair value ….like I said the market is as manipulated as a conjourers' pack of cards …. the only way to get close to fair value is to ask an auditor/accountant to make some reasonable assumptions about the future and to model the future cash flow ….everything else is just manipulation as it is setting prices based on rumours/political interests rather than what a company's value truly is … that is the sum of all of its future cashflows ...that is the one true metric of value to shareholders ….but the market is full of spivs who have found easier ways to make money than by modelling out a company's cash flow (based on reasonable assumptions) far into the future - anywhere from 3-30 years into the future would be reasonable timescales to consider for financial analysts.
We also have our 20% stake in the world's biggest known undeveloped conventional gas field - nearly 100TCF close to the shore - perfect for LNG - and as old nuclear stations from the 1960s/1970s are decommissioned by 2030 I think governments will have to boot up a few new gas-fired power stations (as they can't build enough nuclear by 2030 as they are already 5 years behind that schedule and haven't even begun most of the hypothetical new nuclear plants yet). Also nuclear is toxic and can be vulnerable to human error / earthquakes / and the waste is a nightmare to dispose off - and the plants produce hundreds of thousands of tonnes of waste (most people don't realise the volume which is produced). I would say the 20% stake offshore Mozambique has to be worth $1 billion as Shell paid $1.1 billion for the other 20% back in 2011 and since 2011 government have been printing money like crazy, so it simply can't be worth less now than it was back in 2011. But to give Shell a good deal I would be happy to accept $1 billion this time around rather than $1.1 billion. Hence what does $1 billion in cash plus our producing assets and the chance to sue to Guinean government for breach of contract amount to in total.
would say based on the above that is someone offered £1.70 per share for Ophir then they would have got themselves a stonking deal if they do a half decent job of managing the assets out to 2025 - and their is always the potential that they can get back into the Fortuna project in the future once the LNG market normalises and dmand from China/India picks up again - which surely it must when you consider these two countries have 2.3 billion citizens and most of them are still ploughing fields with donkey and walking from village to village … sooner or later their must be a trickle down effect in these countries and the average standard of living be raised up - and gas can be used either as LPG as a cheaper alternative to petrol or it's also the quickest way of reliable generating more electricity (to build gas-fired power stations, this is old tech, very efficient, very simple construction, very high efficiency and very clean burning - not bad for the environment as it burns so clean).
Ridiculous offer of 55p per share. Three times would be a bargain for someone. Come back with a sensible offer of £1.65 Medco and you may stand a chance of getting yourselves a bargain. he current directors of Ophir can have no sense of financial responsibility at all...they are a disgrace to even consider selling the company at 55p when they must know how much our 20% stake in the fields offshore Mozambique is worth ...if Shell/Exxon don't want that 20% then I'm sure the Chinese or Indian would snap it up at the price Shell paid for the other 20% back in 2011.