RE: No news1 Apr 2022 11:27
Jimmy S
My frustration with you is not about the lies you peddle in relation to trying to make enough for a week in Ibitha or whatever, but because you aren't qualified to comment on any matters related to business - no matter what that business is. Your comment about yesterday about the auditors setting the remuneration of directors of companies they are reporting on (independently, on behalf of shareholders) propelled you into a category of stupidity very few could aspire to. The above is not an insult, it is simply a fact. If I know and understood as little as you do, I wouldn't be noisily advertising it in public, I'd be hiding in a corner hoping no-one would spot me.
As for how long it takes to put together a hugely complex deal that will bind stakeholders in at least two oil companies together for 30 years or more, with financial implications running into the £billions (particularly when on one side of the transaction you have a minnow and on the other side probably a giant) achieving a farm out was never going to be a quick and easy exercise. Why not ask JOG's brokers (Arden Partners - Daniel Slater: https://www.arden-partners.com/about-us/ or perhaps Brendan Long of WH Ireland) how long, in their experience, it generally takes to complete a farm out of broadly the size and complexity we're dealing with here. Let us know what they say. Ask them if they're worried.
In the infantile world you inhabit, if you were in charge you'd have had everything wrapped up in two shakes of a cat's tail.
All this tells me it's pointless trying to explain to someone who no business experience and is clearly of limited intellect, how the senior world of business works. Or indeed how money can best be made by investing in business opportunities The skill in investing doesn't lie in trying to outsmart market-makers to cover the spread, or in posting damning remarks about people who run companies that appear on a list of "shares that are good for short term traders like me" with a view to dropping the share price so that a lower entry point can be found for this month's trade (or whatever). It lies in selecting shares in companies that one's own research, plus what can be gleaned from others that adds to a sound understanding of the fundamentals relating to companies that match the criteria one is looking for, then waiting for the rewards to arrive.
I like oil & gas and I like AIM, warts and all, because there are substantial amounts to make if I call it right. I back myself to get more investments right than I get wrong and the evidence is that I do alright. I've learned from past mistakes and I now invest only in companies run by people I trust.
I trust AB to do what he's told us he's aiming to, as I trusted RL to "tell it as it is" in relation to the oil (and some gas) in Buchan and the wider GBA. AB's got a great support team on the job. I could speculate on how all the numbers will come together and when, but what's the point?
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