Member Info for davefrench

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I understand Andy, but let's assume that not all we were told were lies.
There was a massive error with £1.50/tcf yes, but the independent valuations did give the horst a 27P per share value. the company is not crippled with debt, we will keep an interest on all the upside and we will not have to pay anything of the next drilling programme, surely, we are worth more than 4p.
On a separate note, I would like some enlightenment on a possible dividend. Would it be only when productions starts? what value would it be likely to be?

To be fair, we have to move on from that.
The atmosphere on the board is too negative, This £1.50 episode has been commented for 2 years now and has been addressed to him many times.
Time to move on and see that we can salvage from here.

I do not personally believe that Parson has been dishonest, he might have acted in good faith and has done a great PR job (in terms of attracting PI to invest).
Do not get me wrong, I am not pleased one bit about the the current SP or board's past performance in the past 2 years. I have a 30p average and can see a recover close to these levels but when? With the JV, how long will we have to wait to see a new exploration campaign under way? how long before revenue from our mere 14% interest?
Is there something we ignore that makes the deal much more than we can see?

I can't help my self thinking that there is more to this deal than meets the eye. If the deal is bad as reflected in the share price, given sounds hype history, then someone will encounter credibility problems in his future professional career.
My favoured scenario (hoped) is that the deal is revealed decent, the share price recovers slowly to reasonable levels, (15-25p) and we are back under way in terms of exploration via the JV.

We, long term holders find ourselves in a precarious position, too much unreasonable hopes have been placed on a bright future.
The whole thing has been enhanced by Parsons, with his bold statements, £1.50 per Tcf,, no one will loose money if invested at this level etc...
He did remind everybody after TE9 that the explorations programme was based on high risk-high reward strategy, but nonetheless. I never expected the SP to come to that. I read here that he got some abuse, but I am intrigued by his exit, a few days before the FSC, surely, if he thought of his deal as a good one he would have wanted to defend it or at least speak to the shareholders a last time?
Was he pushed out? was the level of aggression to great? this needs to be clarified and it looks odd to me.
As for the future of the share price, I am hoping it will recover, but how long will it take? 2 years?

Good Morning.

Fair to say communication has dried out recently. I am still hopeful we can salvage something from this hence I wanted to launch a little survey among the posters on here by asking the following question:
What is amount do you think the company will be sold for (price per share)?

Cossy

Thank-you and in terms of the SP?

Thank-you,

Much appreciated

Hi all,

I have had this share on my watchlist since 2010 and earmarked AMC to be a share to invest. However, I got locked-in in a couple of other shares and did not have the available funds to do so. I am now financially healthier and interested in getting on board, Therefore 2 questions to start:
1) I have watched Robin young presentation and interviews. Of course he seems a man of great knowledge but is he the great CEO needed to drive the company forward?
2) what would be your share price prediction for 2019 and mid to long terms?
All answer appreciated.

Hi PNE79,

I could not agree more. important as well to finish the week above 30p. Not that it matters in the grand scheme of things but I will go through the week-end in good spirit.
40/50p would be great before TE10 results. GSA will push us there if it comes before, 2019 will be our year hopefully.

Shall I help people with their French? :)

Nice rise early in the month when we know test results are only due in February (GSA could come before though).Even in the absence of news until then, I see the SP continue its progression with ups and down leading up to results.
Would be nice to be in the 40's before any sort of RNS. As for the ones waiting to get a better entry price before, it is risky strategy and may well be the case of missing the boat.

I am certainly not surprised to see the SP steadily rising the last few days. We were undervalued after the TE9 duster. I also expect the Share price to progress further in anticipation of the results to come (GSA and TE10 figures). Still no real downside at today's price but it will be firm news that brings us back towards a value previously seen here and more.
The higher we are when it comes the better.

DesertMocks.

Don''t you worry, the nurses are taking good care of me :)
Has to be some pessimism also on the BB, nothing is done yet, fingers crossed.

The e-mail replies from JP that have been posted today are a testimony to his communication ability to spread optimism.
I am not complaining and will be the first to cal him a hero if the company achieves success and a great LE.

PS: for me "great" is "£1+ but it could be a lot more. Anything below 40p would be a failure but it is a risky business and we are here by choice. Exciting times a head.

Hi Shpunken.
True that as much I would love to reach ££ level, we need to be cautious to what what we can realistically achieve. I would however think that we would be above 30p after the last RNS. Lets' not forget TE5 as an estimated value of 27p and we still have the whole license and SM. Regardless of TE10 final results, I cannot see JP selling for 30p but it my opinion .

Volume of trade is quite low. People ready to jump in are waiting to see if does get a bit lower for a better entry price, other PI's like me are on board and do not have the heart to trade.

Hi Neptunes,

Because they stated that it was not related if I remember correctly. Yes they they could change their mind but I doubt it. It is my opinion only, based on what I think they said before, that is all.

Shpunken,

TE11 is not related to TE10, so there is no need for them to wait for the test results on 10 to localise and start drilling 11.
April/May for TE11 would mean that results would be July or even august, I do not think the BOD will want to wait that long before completing the 3 wells campaign. I agree they should drill TE11, A duster will not do any good but if TE 10 is commercial, the downside will be minimum and will add more data for the next operator.