Member Info for cadell

At least one director thinks as I do and puts his money where his mouth is.

Like Monkshead, I had this as a hedge against oilers but it hasn't worked -yet. I think if there had been any problems with production we would have to have seen an announcement, therefore I believe it is safe to assume all is well. In that case, we will trade our way out of the present situation and re-rate. The state the market is in, anything can happen but I'm reasonably confident of a considerable up-lift by the end of 2020.

Most BB's have some experts who give advice/views for the rest of us to consider. I'm sorry we don't seem to have such info on this board. My simple take on the current situation is that, whatever the churning of shares represents disgruntled shareholder selling out, the fact that we're producing 500,000 oz a year at the current margins must eventually overwhelm every other consideration. Contrary views?

I'm well underwater with Hurricane but relaxed about it. This is a company that's making money and controls its own fate. Sure, I hoped to make a quick fortune - that's why I ploughed too much in - but I've changed my time scale to a year out. Much rather hold H. than some oilers in need of money.

As usual, the market makes no sense short term. With the price of gold as it is, this must go up.

The present events will really hit the USA shalers, that's long term good for us. My take on the rest of this year is that only oilers with a positive cash-flow and no debt to pay off are worth looking at.

A few quacks from a dead duck?

I would imagine that anyone selling now will be selling at a loss and probably a big one. No news from Dr.T so no change in the fundamentals. Oh well...

I would like to see some action as well as talk the talk. Something must gel soon, surely?

Spirit are in an awful position. If Lincoln is abandoned, they will have spent a fortune with nothing to show for it other than a half share in an undeveloped oil field. Can't see anyone wanting to buy them out - except Hurricane for a song!

Don'tknow if it's because of Vox but a curious jump in the SP today. Something going on behind the scenes?

This should, on the facts, be a reliable bet for 2020, IMO.

We've been officially told that there is no operational problem and that we are about to start producing at 20,000 a day. That's good enough for me although I look forward to more news on the oil field development timing.
As for the worriers... If you pick your nose for long enough, your head will cave in.

Thanks for keeping your finger on the pulse, GG. We need someone like you.

Thanks for your steer, Hopeingmore, I've sold at a loss and put my money into BMN. Better to take a loss and move on than by stuck - I've been there before.

Monkshood, you may be right -it's open to interpretation- but only four days ago the company forecast 500,000 oz production for 2020. They must surely have known about the Ravenswood sale at that point so are you implying that they mislead investors by including Ravenswood figures?

Please correct me if I'm being as dumb as usual, but we've been promised 2 divi's of 2.75p this year. At a share price of around 50p that equates to a 10% dividend, does it not?

A meeting will be good. Some action would be better. Some results are what we want.

Excellent quarterly result -500,000 oz for the coming year - and exploration on top. If POG stays at this level it should be a cracking year.

I am one of those like LONGWAIT except my shareholding is less. My take is that we have been given the forecast flow for the whole year and if there had been any substantial reason to change that forecast, a RNS should have been issued. It has not. Therefore I am here to wait for the SP to claw back.
There remains the question of why the SP is where it is. Undoubtedly one reason is a strange desire for some to rubbish the company. Perhaps setting up a situation for a dawn raid, who knows?
If fresh drilling started the mood would change but can you move a rig in the teeth of a gale?
My hope is that it will penetrate the mind of an extraordinarily complacent BOD, that this falling SP is not in their interests any more than PI's and that they'll issue a statement or whatever.
Meanwhile, it's white knuckle time...