Member Info for David1951c

You may be correct but increasingly small investors invest where they believe money can be made and in a short time scale. The news was described as underwhelming and some investors will see a bigger and quicker buck in other O&Gs like UJO and BLOE or others with transformational potential like MATD and Eco. In my view Mosman is similar to NTOG with low Mcap and potential to increase significantly if production increases and the company produces a profit. From the info available and the half year report, it is unclear what production level is needed to break even and whether the drills financed by the fund raises will get us there. The last raise knocked back the SP and the risk is more fund raises will do the same. It will all take time so some PIs will sell and invest elsewhere in the knowledge they might get back in in 6 - 12 months time without missing the boat. If they do miss it there are numerous other investment possibilities. I have not sold my modest holding yet but will not add either until there is a clearer picture hopefully with year end updates. At the moment though I cannot see any benefit in being a long term holder. Rightly or wrongly traders make the best money short term while LTHs await the jam tomorrow.

Excellent news on completing 100% WI, expected but earlier than expected. With a number of companies on AIM having vg news share prices are not moving up and there must be reasons. One is PIs have finite funds and IIs are fewer in smaller companies as they are unwilling or less willing to run the high risk and volatility inherent in these developing companies. Unless new money and new investors come along then it seems like a merry go round with PIs selling and reinvesting where the greater and more immediate potential appears. At the moment UJO seem in favour and good news there has meant another rise today. In BLOE's case we are awaiting news or confirmation on production increase.. Getting more institutional or large investor interest could make the difference.

for a number of O&G and I am looking forward to more positive and indeed transformational news on a number of holdings. I3E is my largest holding and it could rise significantly with good news. I have some HUR and it makes an interesting comparison. If 20k BOED is achieved in I3E the SP should double (or more). HUR have significant reserves that may make it more valuable in the long term but the difference in Mcap between the two means I3E could rise much further in percentage terms. Other companies I hold with vg prospects include BLOE. RBD, UJO Eco and also Rockrose which should re-list in July with a big rise expected. It makes up for poor performers (SP wise) like AAOG and UKOG. Others have interesting possibilities such as MATD and Chariot. My holdings are spread over about 20 companies so I m hoping for an exciting summer!

Would like to believe it is but the lack of real news is not a good sign. Bought a few more in expectation of drilling actually starting and with SP almost back to last raise level.

The lack of news on progress and interim results is a concern as usually small companies release good news quickly! I have a few shares so haven't over-committed. Of course it would be great to see a substantial rise as the fund raise at 4.5p was in March 2018. Silence is not golden in my experience - hope to be proved wrong.

Nice surprise in recent days for a share that seemed down and almost out a few months ago. Now glad not to have sold! It is very difficult to put a value on the assets held by TSI especially when looking at potential of some of the portfolio. In addition to WeShop there is 11% in Brandshield which seems to be progressing. Hopefully the accounts will be issued in July and this will include an up to date summary of holdings etc. Certainly the Mcap (and SP) should rise as the value of their investments become more visible although holdings in private companies like WeShop are very difficult to value.

Not even a crystal ball would help with this one! I bought more but am well down overall. No doubt AK is desperate to get the sign-off but many PIs are now selling because the end game is difficult to envisage. Many bought in on high expectations and unfortunately the risk is high; mind you so is the potential reward.

I agree with earlier comments about too much jam tomorrow and there is still no revenue showing nor any amount predicted for the limited production in Romania. Will production there increase? Net profit comes from upward asset valuation. Probably like most other SHs, I am down significantly but hold out hope that it will come good. Funding is critical and unclear how funds can be raised without further dilution. At least there are debts of less than £200k. The low Mcap means that if production in Italy and Romania can produce revenue to cover admin costs the company can keep going until Spain is developed and then value would rise dramatically.

There are a number of O&G companies with good prospects for H2. Rockrose will rise on re-listing in a few weeks. I3E and Eco look promising. I hope IOG do well. MATD need to get to 10p to get me back to break even. Perhaps 2019 will make up for other disappointments such as Echo and AAOG. Will these make a comeback in 2019? Exciting times!!

Interested too as Cavendish AIM Fund has a good track record. RRE is mentioned as a top 5 holding on Morningstar but on HL it is not in top 10. Serica is 10th at 1.69%. I might invest in Fund anyway but still looking for more details of holdings above top 10.

Large amount of information to digest and I have to go to work! Important information for me is production levels so far and more clarity on timescales e.g. IM-1 spud date. No doubt this will be announced as soon as date provided to RBD.

It reads well and with news about Japanese interest the future looks bright. Main concerns are funding commercialisation and how much is taken out by Waste2Tricity. Will keep holding but unsure about adding at the moment.

that the value of your shareholding has dropped by a further 20%. Shafted again and with lack of any clear idea when value will be created I sold my smallish holding at a loss. Better to invest elsewhere and come back in when and if there is a real prospect of benefitting from being a shareholder and not just being milked.

The potential is significant but I guess the questions for PIs is when the value will materialise and will income from agreements mean that no further fund raises from shareholders will be sought.

OK but directors would know the general direction of progress of the company and there must be BoD meetings at least every six months. Buying in open periods would be understandable. Surely companies should issue updates at least every six months to inform shareholders how the business is going. Lack of news for longer periods tends to be a reason for pessimism! If this falls back towards 2p I will buy more.

I sold a while ago because it is difficult to put a value on unlisted companies and generally the sector with shares in unlisted companies (including Mercia and FFWD) has underperformed. My concern is the value placed on these investments by WPCT may be hypothetical and optimistic - current value of potential would be very different.

More than six months since trading update. If the progress has been maintained and Solar deal is producing favourable increase in revenue, why is there no real news? Have I missed something? SP may have reached bottom and director buys are positive but what is needed is reassurance that positive news last time is continuing.

I am invested but not sure about buying more even at this low SP. The potential is excellent but as with similar companies in development phases (such as Avacta) the issue and question for me is funding and whether another fund raise will be needed before sufficient milestone payments are received. Current funding should take the company into 2020 but will this be enough?

If the potential production is 20,000 bpd then i3E must be worth a multiple of current Mcap of £40m. Partly depends on price of oil but all the basics seem to be in place. Just need to have confirmation of production level. Hopefully this will happen in July.

Very good news and prospects remain excellent. More positive news would help but these days on AIM many investors will look at timescales and developments in 2020 seem a long way off with other possible investments with much quicker potential returns. Why invest now when it is quite possible that SP will drop back. Some will wait. One piece of news which would help is confirmation that fund-raising will not be required with the deals in place producing enough to finance developments. LG deal mentions large amounts but only a token has been paid so far. It would be good to know expectations for current financial year.