George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Appreciate the question is not aimed at me but my view would be that the hugely positive outlook here (read the recent RNS'), combined with the planning permission, increased ownership of HH, imminent drills and existing success in terms of production make this a no brainer compared to other AIM oilers and justify any dilution. If the dilution is to create future value it will be worked through and this share will rise. There aren't many junior companies that don't need to dilute to progress. I believe this share will rise considerably as it executes the plans outlined via RNS which kick off this month!
Happily reinvested in UKOG having had mixed success trading it in the past. Feels different this time and a share that I'm more comfortable in holding to see it mature with many key risks removed but still with the excitement of a huge amount of potential growth ahead. As a humble PI with a modest investment I can't hope to have either any influence on the share price or to have timed my entry perfectly, it rarely happens! In the meantime we're all subject to the tide created by the bigger players and deals. It will turn though, and soon in my opinion.
Having just purchased a decent wad of these I must confess bricking it momentarily thinking I'd invested in some form of plastics business! I'm in.
Read the RNS! Results from Heron 1 w/c 9/9, that's anytime next week and not necessarily Monday for the impatient! Red Deer 1 results mid-September. Anything else being said about news timelines is utter BS. Read the RNS, results, soon.
Results soon should provide a welcome relief from this kind of BS (whipped turd emoji).
For someone that loathes dust so you don't half talk about it a lot! Nevertheless your strategy sounds reasonable and will prevent any excess tears but equally your smile will not be as wide when there's an oil-strike!
It's brewing! A handful of trading days until news, big moves starting to be made, persistent trolling, personal spats and emotional trading, it's all here. Roll up, roll up and welcome to AIM at it's best. Fortunes to be made or lost on the presence of oil, there will be blood and it's gonna take nads of steel to see it through! I await my fate with a strange sense of calm and optimism, there's been too much attention for there to be nowt down there this time!
Some topping up, some slicing, some bailing and some joining the joy ride. Natural nervousness prior to results and trying to manage levels of risk. Seems expectations for RD are low but I personally invested for Heron and with both coming in on similar timelines I am still betting on success overall. GLA whatever you decide!
All that needs to be said now really until both drills hit TD in the very near future. Trading on piffling volumes whilst we wait could be volatile in either direction. Strike at either, or both, drills will be transformational. Fail and it's as you were. Enjoy the ride.
Have you considered that it may just be easier to buy some MATD moveonup?! I think your concerns are well documented now, albeit you may achieve more gravitas if you'd get the basic grammar right, once is forgiveable but three times in once sentence, c'mon now. There's a time to buy and there's a time to sell but each must make their own decisions. Hope that helps.
Not at all moveonup, open to all strategies, and yes, most definitely here to make money. We have opposing strategies on this occasion so I'll wish you good luck! PS we can both mitigate against being wrong with stop losses. As a reminder, two drills turning here, reaching TD in 2 to 3 weeks!!
That is a bold move indeed and I sincerely hope it backfires and you get fried this time around. Having made thousands already I trust that you won't take this personally. I think Heron is make or break here and the odds are strongly in favour of success.
Fair point Mike31, we don't know what order these drills will complete in or when results will be made known but it's very soon (as per RNS) and could be together! Personally I'm fully loaded here as see risk of being out greater than benefit of sitting on the fence! Bring it on MATD!
Whilst I get what you're saying what you have described is simply another short term trading strategy. I think the recent events mean that it probably won't pan out as you say this time for reasons of timing and dubious government interventions which are making me lean more towards success at Heron. As the company have demonstrated recently they can be clever regards timing of news release. The Heron issues were not disclosed immediately and I'd expect any disappointment at Deer to be mitigated by Heron success as the timing of both now likely to be very close. Equally if Deer success slightly earlier than Heron that will be released separately! So I don't see this trading strategy working this time but agree it has been the prudent approach in the past. We'll see soon enough and just my opinion.
Given the sort of fellow he was I expect he'll be sitting on a fence somewhere scratching his head over whether to invest or not!
It's game on again! More than happy to buy more this morning as we resume at Heron and have RD getting interesting simultaneously!!
If there's any credence in this JW theory then it's an orchestrated bear raid taking advantage of lack of news. Presumably meaning the SP will snap back like a rubber band once the target low is achieved and the followers scramble to get back in! I don't intend to facilitate this in anyway but may top up at these levels having purchased after recent podcast.
Decent Interview today providing insight into the company view of progress to date, they are certainly very pleased with current well and excited about the prospects of both imminent next drill and longer term plans. Covered some recent concerns but not all looking at the board this evening! Hard facts and figures are likely price sensitive and hence, as covered in the interview are subject to rigorous internal review process so whilst they'd like to update more often and more quickly it takes time! I certainly felt reassured regarding future of my modest investment here.
Also came across that they were pleased to have proven their concept re oil and gas at the first opportunity and next well, being 'up dip' as he referred to it is likely to be....there was a pause where he may have wanted to say something more outrageous but opted for 'in line with expectations' whilst grinning like a Cheshire cat! All prep work done for 38 so sounds imminent for spud IMO.
Done my bit and added a few more at 8.1, c'mon MATD, let's 'av it!