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I rather agree with Bigpat and others. From my experience Rojo’s tongue in cheek style and remarks have been closer to the mark than some who would tend to overhype. Poor old Drewky probably did more to damage newbies’s portfolio values than Rojo has ever done (or intended). FWIW I agree with the mid/long term potential here , will sit it out and hope that we’ll have plenty of facts and news to discuss and chew over constructively in the weeks/months ahead without any need to speculate.
Uptick 100%. There a good reasons for buying AEX now based on an identifiable route to market for potentially significant volumes of gas; but speculation about oil merely risks unnecessary disappointment fuelling volatility. I prefer to base my investments on core business potential not pipe dreams. I still think this is significantly undervalued and true market value will be worth waiting for - as if we haven’t waited long enough!!! I am encouraged, however, that the BOD do seen to have grasped the concept of keeping PI’s and the markets informed on a more regular basis.
He does have a point - if recent historical pace of progress/news is maintained we’ll be using nuclear fusion before AEX has gas to sell and the bottom will have fallen out of the market! On a positive note though, it does appear that we are on the cusp of ducks aligning….
Thanks CP - I use Interactive Investor and had expected to see a message from them notifying me of the impending AGM and supporting documentation. I'll contact them. Sadly I cannot attend but grateful, in advance, to those of you who do and will report back both facts and atmospherics on here.
The reality, as lurking on this board for the last 5 years plus has demonstrated only too well, is that no-one on this board has any more clue than another! There is, however, one question on which we as shareholders have a right to an opinion (and would do well to consider hypothetically in case the circumstances did arise) and that is: “On the basis of what we KNOW at this time (ie fact not speculation and as at now), what WOULD we accept as a fair offer IF someone did put forward a buy out proposition. Only by considering it properly can we have a view against which to measure value. I must admit I don’t know but would welcome more experienced opinion?
ARA clearly felt that here was a residual value which underpinned their farm-out proposal. Perhaps naive but I’d expect that to be a rough baseline share value for subsequent news. The decline since then reflects the selective AEX mutism and inactivity which prevailed for much of 2020/21. So, my prediction, FWIW, is a slow and steady tick up to near that value and then the real fun and games to begin.
I’ve just got a signal again after several days at sea and what a welcome change of mood here on the board - and I must admit to something of a relief. I’m in deep here but agree that having waited 5 years or so the long term potential is very rosy. Maybe that 10p party isn’t so far off.