Member Info for Bythesea

About 3 companies finding the largest onshore gas find in Britain near Hull.They say subject to testing it could contain 189b cubic feet of gas which could power about 3.2m households power for a year.At todays prices bringing in sales of £947m.If this is correct and prices are near the same in Africa we have 40.8 billion cubic feet proved and probable which could be worth £205m going by those calculations and that does not even include whatever the latest wells provide.When you consider today the company is worth only 28.5m then the prospects are huge.Or are my ramblings total rubbish from someone who is trying to make himself feel better.

The usual interview,waiting for this waiting for that,this time next year we will still be waiting for something.I think I invested here about 3 years too early.How long will the BG drag this final part of the Tender out for.

Evil
Thanks for that.Ive been wrong before and no doubt I will be wrong again but does not bother me to admit it.

Fair enough
I will take a break from posting rather than create gloom and doom on this BB.
Good Luck everyone.

mick
when losing money it is misery but when making money its happy.At the minute I am losing everywhere and don't see the SP going where everyone else seems to think its going.But like I said like a lot on here I feared we had lost it all which is quite a lot so at least its better than nothing.
Where do you see the SP going.

Levi
It seems a good write up but terrible replys in the comments section.
Not that it matters what I think but I cant see the SP doing well in the near future but last week I thought their would be no SP in the future so cant complain on that account.With the BOD having no skin in the game(I might be wrong) I doubt they will be bothered about the SP for now as they have got their mine and will be getting their wages.
My glass is half empty as usual.
Good Luck everyone.

Its all looking good for the BOD not sure where it leaves the shareholders looking for short term value.

petham
Ive never heard about any resolutions at the minute.But would imagine everyone will vote in favour as this time last week a lot of us thought we had lost all our money.

This morning
But you never can tell these days.

Ignore my last post I am talking rubbish.Thats what happens when you skip read a RNS.

Okenia
Thanks for all the input.
What do you think they need the extra 20m for if they pay for the mine through earnings Or am I getting this wrong.

A podcast would be nice as they now need as much good PR as they can get.

Thanks very much Okenia for the reply.
I must admit I feel a lot better than I did yesterday and YES it does look like they have got a much better deal than the original deal
My only dissapointment is I seem to remember the BOD said they would put 5m of their own money into the original fundraising at 50p that seems to have dissapeared

Still half asleep but they seem to have got the mine cheaper but the most important part is obviously the sp.
Lets see how that reacts and when.If I am honest the money has been out of my failing account so long I had written it off a while ago.
Good Luck everyone.
Would like to hear Okenia and Lottos thoughts.

Not great but a lot better than nothing.We might get some money back.

should be an interesting read.Like you say the story is locked would be surprised if anyone on here is a subscriber.

Thanks for the replies much appreciated.

Hot
Thanks for the reply.Ive been here 3 years now and another share nearly 10 and both treading water.Someone mentioned the other day they were holding 8-10 years and you 5 years.Who knows if I will be around that long so maybe AIM is not for me.I am only in the 4 shares if you count the suspended one and its always everything will be great this time next year but it never is.Would be great if someone could point out an AIM share that you would be doing well in if you invested in 2 years ago.
Thanks

Whats the point.
It really is just for traders.Can anyone tell me an AIM company in the last 2 years that if you invested your money in them you would be doing well.Just to give me some hope.We have achieved most of our targets but never reflects in the SP apart from a short spike for the traders to make their money.
I know some AIM companies are Lifestyle companies they just drag things out keep on drilling etc as long as the BOD get their wages.I don't believe this is one of those but its looking like a Takeover is the only way out of here for LTHs
Good Luck everyone we need it.Who would believe we are now lower than before we got the tender results.We will probably be selling power to Botswana in the future at 5p a share.

Hot
I also think we are now doing well its just AIM that I don't trust to give us fair value.Maybe when we a finally getting an income we might get true value then but how long that will take I have no idea.