Member Info for Albi1

OK Bartle, let's be truly objective then shall we? What if Brent is at $75 next year?

Joe
Thanks, yes I read the RNS and noted it didn't mention Halifax which was why I posed the question "What about Halifax?" but thanks for your input.

Thanks all for replies on Halifax - all very positive and to play for!

Mr Smyth,
Back in 2018, I genuinely thought we'd be at 80p or 90p by now and heading into £1 / £1.50 territory by mid 2020 onwards to £2 by the end of next year - or bought out at a tidy sum at some point in 2020. The share price reflects the level of risk the market perceives or the precarious nature of AIM or both. Arguably if we were listed on the main market perhaps it would be higher but given the naturally inherent risk level I'm not so sure.
Time to accept where we are and look forward to what might be ahead in my opinion. There are a lot of positives and potentially a lot of positive unknowns ahead as will as risk, so don't lose heart entirely.

We don't seem to have heard any mention of Halifax recently - I'm wondering why, an ace up the sleeve long term?

From today's RNS which I recommend you actually read:

"The Company is awaiting the results from the final two drill holes (BPL012 and BPL019), which were drilled beneath the resource to determine if gold mineralisation can be tracked at depth.
Please refer to the following link to view the drill hole locations.
http://www.rns-pdf.londonstockexchange.com/rns/9896W_1-2019-12-16.pdf"

Sparrowe
Agree with your analysis for the most part, except I've kept a nice chunk to ride free to a takeover bid between 0.40 to 0.60 - could be higher if these assets increase at depth and given the market is looking very favourable for both gold and copper in the near future. But that is just an educated guess on my part ...

Paul-85
Fair enough, at the end of the day it's up to folk how they manage their own investments. It's just painful sometimes reading what some folk say they do on here.

Alternatively Paul-85

Being top sliced by sensible people to enjoy a free ride on the remainder of their investment - worry free!

Silver lining blackened with despair ... thanks:}

Norway's doing OK right? I mean it'll take 5 hours to board a flight destination anywhere in Europe but there may be a silver lining yet. This too will pass.

That's it. end of message.

I hope he won't mind me reposting here. But thanks to Tournesol for sharing his experience:

I find myself looking back to the days when I had 60% of my portfolio in Dana Petroleum and it went sideways for month after month, sometimes year after year. I really don't believe in an eyes closed and fingers crossed approach to long term investment. I am always ready to sell or buy when things happen which change the balance of risk vs reward. I have often kicked myself for not spotting inflexion points and acting on them. (I sometimes manage to do so but not infallibly). But with Hur I remain persuaded that the investment case is rock solid, not risk free, but very good odds in favour of holding. And at times like this I just hunker down, grit my teeth and wait for the storm to pass and the sun to shine again. That day will come.

This is going up, the little *hits have taken their profit. Now I expect they've already bought back in at the low SP. I am not referring to CA here - but to the woeful trolls on this board and we know who they are. What we don't know is are they PIs or are they paid to do this.

Think the main point here is actually they expect the SP to rise? Will the usual selling happen? Yes. So what? The SP will continue to rise ... (OK and maybe fall in between ... but that's how it is for now)

Given the challenges the CA fund has gone through this week, surely we can view this as a vote of confidence?
I'm going to!

My second post here. FWIW this is my strategy on this stock. This is not advice in any way shape or form just the opinion of a small PI based on lessons learnt over the last 2 years. Take it or leave it.

I bought 1.4 million shares under 1.30 and 1.40 in two or three lots. I then sold tranches of 250,000 to 200,000 at various points over the last week or so, some at 1.8, some at 2.2 and so on. The profit from those sells has covered my initial outlay in full with a modest profit. I am now left with just over 400,000 shares which are essentially free. In my mind the most likely move here is a bid to buy the assets - I'm putting a price alert at 10p to review, an offer could come in at 20p, 30p, 40p, 50p, depending on what's necessary to prove up the field for a prospective buyer.
Alternatively they may not wish to sell and just slowly prove up and monetise gradually over the next few years.
The point is - protect your capital.

Shutts
You've done the right thing for you. I agree with Captain Swag - there is definitely something going on and my gut feeling tells me it's good. Either way we're both making the right decision in order to sleep at night!

AK,
Understand your 'radar' being triggered. You seem to have good instincts from what I've observed to date. I don't ascribe malign motivation to posters like DSPP but having seen the damage his posts have caused I suppose we all need (myself included) to be aware of the effect we may intentionally or otherwise have on others.
I sincerely believe what we're seeing is SP manipulation at its finest. Maybe not, maybe just the final hurray of hedgers getting ready to bet the other way as we rise? I honestly don't know. I'm trying to work out who on earth I vote for tomorrow ... damned if you do and damned if you don't kind of scenario. At the risk of getting absolutely pilloried on here, quite tempted to vote for the Green party just for the hell of it!

Wedgwood, I wasn't referring to LF although posts there have caused distress no doubt about it. I'm referring to the paid gollums who hang out on BBs everywhere sowing seeds of fear, doubt and misinformation.