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You were uncannily correct on price movement and timing Alibro , which brings great focus to your prediction of 250P - then what happens ?
Think you 'FPSO post' must be doing the rounds in the market Dick
Now don't go and spoil it please Dick, ;let the warm glow your post imparted linger a little longer.
Perhaps its not by chance that 'buys' are being mis-reported as 'sells' - and someone is picking up JOG shares fraudulently cheap.
Hold you to that Alibro.
Sorry MPO018 - I was in WH Smith last week and picked up IC to see if there was an ST updated comment on JOG - when there wasn't I put the mag back.
But I noticed, in passing, ST evaluation of the small oil company - other than its well(s) are in ( or off) west Africa, FO is approaching, and its a 'buy' I didn't retain any further info
Hi MPO818
Are you saying the price fall (5P) just now was caused by just 3000 shares being sold ?
Hi MPO818
Are you saying the price (5P) just now was caused by just 3000 shares being sold ?
No DO - I'm not calling For ST to apologise , nor accept personal responsibility for the SP.
However since there is a current gulf between the SP and his forecast, and there was no forecast by ST at the time that even with a defining FO the price might sink substantially before it came good, then I think it reasonable to ask that ST does say why he thinks the SP has sunk but still considers it compatible with his forecast.
You have provided a reason(s) - why should there be a problem with ST doing likewise f
I cant help but notice that Simon Thompson of Investors Chronicle ( who 'introduced' me to my decision to invest in JOG) has gone very quiet since the NEO FO of which he spoke EXTREMELY highly at that time.
This week in Investors Chronicle he has discovered another small OIL outfit with 'great prospects' and guess what - they're about to do an FO - and brokers say multiples of existing SP can be expected -guess what - BUY says Simon
DONT ALL RUSH.
While there is much berating of JOG CEO for non-communication - I think that man is consistent in his neutral non-hyped communications - any one who bought JOG shares cannot claim this man has induced them to buy.
But I think its about time Simon Thompson took the stage again to explain his thinking given that his original thoughts back in IC of 6/4/2023 when JOG shares were 277p recommended 'Buy' and said " Indeed, I can see the share price of £90M market capitalisation more than doubling if a major farm-out deal is secured "
Well we have had the " major farm-out deal " secured and the SP is now only at 60% of what it was at 277p on 6/4/2023 before the FO , even though Simon Thompson says it was a fantastic deal.
Simon Thompson should now take the stage and explain himself with regard to JOG before he continues to recommend further small oil companies shares purchases.
I've always thought that Sunak has never expected to win the next election, and therefore him its about showing maximum time as PM on his CV for the next big international job, book, and speaking circuit.
So modus operandi is to try to keep everything as calm as possible and no big political slip-ups.
I dont see an Aurumn 23 Gen_Elec - I'd guess Dec 24.- lots more international meet-ups etc, for Rishi.
One less competitor.
Since 'adjusting' EPL is likely to receive a howl of 'indignation' from Labour politicians and the media, slipping the news out during the recess sounds like the sort of thing that could happen.
" News has been terrible - if that turns then market should rise and small caps will follow with a lag."
Ouch.
Thanks Rollo.
Have just seen /listened to that Note but its dated 12th April 2023 on my screen.
I cant find any audio note dated 12th July 2023 - can anyone throw some light on this please ?
Hello Poor Timing.
I am not against renewable either, nor a 'climate denier' given the extremes of global weather we are seeing.
But there is a 'prima facie' case the 'scientific establishment' is excluding results that don't fit in with the 'political orthodoxy' of the current age.
So as the TalkTV with the ' NetZeroWatch' chap showed, all the climate change computer models - the ones saying we're heading to disaster are constantly having their 'raw results' adjusted by 'climate change committed experts' to produce results that now tell us how badly things are progressing.
Allegedly these ' CONSTANTLY ONGOING adjustments' to the models and outputs are made for good objective scientific reasons.
These are not 'minor tweeks', but some of the upwards adjustments are of the SAME SIZE as the resulting predictions of the extent of the the predicted warming.
Some scientists can stray from science and become players in a political process that guarantees them future government funding etc.- scientists that disagree get ostracised and excluded from the mainstream of their profession
" Wind turbines are not recyclable " -
Indeed - the TV programme showed large quantities of worn out turbines being dumped in landfill.
While mentioning ESG there was a NetZeroWatch ( a climate change sceptical organisation) on TalkTV this morning showing that lots of wind turbine hardware is wearing out much sooner than anticipated and requiring replacement sooner than anticipated, thus undermining the claims for future pricing of wind energy.
He also mentioned, possibly not unrelated, that the current owners of wind farms are trying to sell many of them to retail ESG funds, nicely passing their replacement costs to small savers and personal pension holders.
Greener101
"Is JOG too small and illiquid for anything but tiny special sits funds? Also on the ESG schit-list?"
Greener101, why do you say JOG shares are 'illiquid' ?