Member Info for CaptainSwag

Well the trouble is that the models and quality that made the brand iconic are no longer there. you can't but cherry red steels anywhere and the quality is pretty poor. I get the feeling that they don't have their loyal customer base from over the years - and as a pure fashion item they are trying to appeal to a different audience and different price range. A lot of their shops have seemed to close over the years so its hard to predict their future. IPOs seem to be doing very well at the moment initially so maybe money to be made tomorrow - long term? anybody's guess?

joint broker?. i thought the idea was to reduce costs ? if the pre existing broker was not up to the job they should not have taken them on in the first place

poet - if they diluted us it will be unlikely to be this march. if we are still around next march i would hope it would be significantly higher

slift - i am just bearing in mind the conversation i had with a mate who talked of this "play"...dilute PI to hell then it is sold on privately for a pittance. obviously there would be gains for some people (*wink*)..i have no idea of the feasibility but my mate does often see things from a very different angle to me - so i listen. and i remember AWK had conspiracy theory. the bod clearly havent had PI interests by the way they set out decembers rns...it seemed almost designed to do as much damage as possible or at least suicidal if/when you have to place.

the thing is we still dont know how much oil is down there FB or sandstone. if the new CPR suddenly comes up trumps - then maybe something is rotten in the state of denmark.

i watched the video last night that was posted - CA interpretation from 2017(?) ... I can see why they are sceptical of the new bod

robina - now that we know you are the jinx - can you please sell!

slift - the worry is that the dilution precedes a "sell off" to a big fish......

Got hw77 too.. Lovely piece

thanks joe...very useful

my post from earlier disappeared...
i was wondering who CA's geologist advisor is? my suspicion for some time has been a certain gardener........

y11 - lets hope it does a similar u turn....i suffered on that dramatic fall which is one of the reasons why i held on from the recent fall from 60p to here. added to trice's reassurrance that it was perched water and results were better than expected. hur and lth deserve a bit of luck imho

yogi - yes very possibly.....and it will dilute and lower SP. The hope is that it will allow hur to have a future. though success cannot be guaranteed.

cash - the issue is how they are going to monetise the "significant value". It will very possibly/ probably have to come from dilution. .Having destroyed the SP further this will be even more expensive to LTH.

hopefully if the finance can get sorted and rigs booked etc then hur can be on the road to long term recovery...unfortunately we are just treading water at present waiting for potentially bad news before it can get better.

thanks divecentre - good to know the approx time of next one out.

personally i dont see the bod buying any major amounts of shares. the new guy could have bought in when he started as a sign he was going to change it around. the other members bought chump change. they are wage takers not particularly aligned with shareholders imho. doesnt matter if they do a good job

ricardo - i think if posters had a bit of self realisation that posting on here is not going to swing the sp one way or another...then it would be better. there would be no emotional involvement...and no agenda. and less BS.

like you i hope i am wrong with any negative views i have.....ideally i would like to see JVs/ good CPR etc etc... i really want hur to succeed....and people make money whether as a long term investment or short term trade. i disagree morally with the principle of shorting so would never be unhappy at people losing money that way.

ricardo - good post.
yesterday's rise was never going to take off or be sustained. until the financing is arranged this share is in limbo. even I wouldnt risk trading HURt at the moment !..lol...and I have done it throughout some of the most dodgy times.

one cant be angry at the geology - it was always a risk. the forst 6 months were prob the most riskiest as there was no guarantee production would last.

i am peed at trice as a ceo - things like uncommissioned pumps and he kept saying things were fine - yet other people seemed to pick up on the issues fairly quickly.
i am peed with the bod for dcecember rns - i think they should have done more considering the time frame they set themselves. i think it was also poor to advertise placing/worthless equity especially if you are looking for finance. it was always a given but it means any finance raised will be more expensive given the sp crash.

LTH - long term HURter

dickbat - the issue is that the oil price is out of hur's hand. it could be $60 next week or $30. fwiw i think the oil price will be supported at these sorts of levels.

as for what i am about - i was a rose tinted hur dreamer since lancaster was discovered. i have a soft spot and considered myself a lth until december. i still have a tiny holding of about 150,000 shares. i have also traded hur in the past . i wouldnt trade or increase my long term pot at the moment because if you get caught out when an rns with dilution comes out you will take a spanking.

i hope hur does well...i want to be back in as a heavy lth and trader.
i have always tried to be transparent and honest about hur. if people disagree with my view that is good - i like to hear. if you think i have an agenda - yes i do - i want to make money - however i dont need to deceive to do this

lets be honest everytime we see a red dot on rns - i am sure there are PIs dreading.

it was a good rns in that cash is more than expected.

however the production is down (12300 - 12100)and water cut is increased (23-25%) from december which shows the direction production is going and the worry that at some point this year without intervention the production will probably become un profitable as indicated in september.

they have started engaging in conversations with stakeholders - so that is a development. i am not sure why they have not indicated their "decision" on forward plan...presumably they are going to the stakeholders with a plan?

i agree with those who say that the SP is going to dive when financing is arranged - it will end up with some dilution or hurt for existing shareholders. however it hopefully will mean hur has a future and can start the long slow climb back upwards...fingers crossed

i doubt the bod will be buying any shares any time soon - maybe after dilution but i wouldnt hold my breath. these are wage takers not those invested in the "dream"

gla

"classic case of stating the obvious and being inaccurate with the latest RNS."

which one is it then? stating obvious or being inaccurate?

Dshox - if you read the whole thread and my posts you will see it was my point,..but as you say NM.

and to phrase you - yes we saw the last rns. it was terrible and the market reacted accordingly.