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This is becoming a real shambolic operation. If I was in here at 12p I would be out regardless of the other possibilities. if they have managed this so called "World Class asset what on earth are they going to do with the rest? They are running out of money and will soon have no option but to look at a further placing to even try to develop them to any stage that may see some return. I think everyone here must be sick of GJ and the name "fiasco" is the most accurate you could apply to him and the company. That the exec`s of EME have allowed the situation to get to this stage puts them in the category. I can`t afford to take the loss position I am currently in but will take a smaller one if at anytime this rebounds to a lesser position. It really is a dismal failure on EME`s part to have allowed this situation to continue to develop to this point. GLA.
Well after all the farting about by GJ it would appear that the market this morning are not impressed by the news as given. It is still very much in the balance as to whether we will see any real commercial production from Dempsey? I think that we are on a knife edge to falling back to sub 12p. I can`t get this sinking feeling out of my system at the moment with such a poor business decisions having been made over the past four month`s. I hope GJ has now satisfied his theory of getting gas from the low zones and is now under supervision as to the best COMMERCIAL way forward. Just have to buckle up and hope the ride ends well. GLA
LAWRENCE186. You are spot on with your remarks. You can almost feel the optimism for this share draining away. The board has gone from a hive of activity to one of a dream slowly ebbing away. I think the three months of farting about in the lower zone has done most of the damage to the positive outlook I had and have trouble now lifting my mood here. Still have a significant holding but I am at a large paper loss so will continue until the next news, if any over this week and then will consider my options. GLA
From the "Dempsey will make us millions" to "Wait until we get the news from China" ? Are we deluding ourselves with blind faith about this share? I am asking myself if I got my research wrong because we have all the same prospects but have gone from 30p to 12p in a matter of months with no support from the company who have gone completely quiet on any subject that may have kept some retention of the share price! The board has gone very quiet and so has the interest in the shares. The dream is still alive, just, but reality is now a competitor for me as along with a lot of other investors I am sitting on a very large paper loss that is beginning to worry me. Does anyone else feel the same instead of just saying wait for the news on China or Cali/ A bit worrying and some news would be welcome to ease or indeed confirm it`s time to rethink this one and look elsewhere. GLA.
Grippa. Couldn't agree more! What a shambles from the leadership of this company. From being hailed as the biggest and most huge find in 42 years to being farted about to satisfy the geologist at SGC theory with EME money. This not going anywhere fast and the other assets are not even being taken into consideration by the markets. All they see is the diluten of this one. See Testpack3. I think only pi's in below 10p can be content with what's going on here. If by some miracle this manages to climb back anywhere near 20 I will be off. GLA
BB2. You have nailed it! Just what are EME doing in allowing this continued disastrous course of action to continue? It seems we are being controlled by one man`s obsession in proving his theory on extracting gas from these levels but using someone else's money! How long before we get a change in policy? Your analysis of the situation is quite accurate and alarming. Can we hope to see a change of market sentiment any day soon considering the assets yet to be developed or will it now be very cautious in examining the actions taken by the company, Your description of GJ is spot on. GLA.
The SP is being driven down again because there has been no reassurance from the company on it`s actions. The complete lack of info and lack of meaningful content is becoming quite alarming in it`s absence? just what is going on here? If I am not mistaken the statements after the low gas flow was that they intended to apply for the fracking permit. Are we to believe that 3 months later that has not be done or even refused? It really does need someone with some authority to get a grip of SGC and get some news out to us PI`S even if it is not good news. If the other Dempsey zones are so saturated with gas then anybody with sense would get them flowing and get some money back for what`s to come! Hope springs eternal but come on EME get some updates to us. GLA.
The company's on going assets are the same one`s as when the SP went to 30p. It would appear that as with the very slow and painful course of action in the Dempsey field the market is confused as to how it will develop the remaining opportunities? They have halved the SP over 3months and continue to be pessimistic over the current actions. Why was the Fracking licence not applied for on the start of the low level assessment? WE have used nearly all the cash we had on this arse about way of getting a revenue stream from Dempsey and I am pretty confident there will be a call for more money by the board. The only way to be calm is to hope that the other assets do come on line soon and we don't fall of the cliff edge. GLA
I am in a heavy loss with this share and again I have to say that RathHole is correct. This was hyped beyond belief on the back of Demsey and the statements made by the executives of this company, "World Class Discovery". "the largest find in 40 years". They even sold it to the Daily Mail.to promote. The only people who can be happy are the ones who are in at 10p and top sliced at 30p and retained a lot of shares that have cost them nothing and have taken some profit along with their initial investment cost. Good luck to them but don`t keep abusing anyone who puts the facts on the board. We have nothing but a dream of other "Assets" possibly coming good but I will be amazed if I get back to my starting point here over the next 12 months never mind making any money! GLA
This now becoming a real mistake if you bought in '15-20p. Have a massive paper loss atm and the way this companies prospect are being handled are appalling. 12 weeks ago the Dempsey operation was going to take the sp way past it`s existing 30p mark? What a disappointment in the results and the existing messing about with Depmsey with SGC being a culprit in the very slow progress to getting results. Unfortunately I can see this going back to 10p! It will take a huge result from one of the other prospects to drive this back to even 20p. The very poor presentations of the RNS`s is not helping anyone especially the PI`s holding this stock. Think you are right Lobon they will be getting short of cash and that means a fund raise soon further diluting the value of this share. Really hope I am wrong but all the signs of a typical AIM G&O company and the pump & dump method. GLA we are going to need it!
Have not seen a single buy yet? No news again. Looks like a much longer time before a real turn around on the SP. Board very quiet again but I suppose there`s not a lot to talk about without any further progress reports from any where. GLA.
The board is very quiet and can`t believe the lack of opinions! Yesterday was a very brief rally and quickly clawed back today with possibly being the trend for the rest of the week. Hope not I was beginning to think we had turned the corner but it seems that we have much longer wait for some positive news if there is any. GLA hope our dreams come true.
Happy New Year to you all. Not a very good opening on the exchanges! Despite all the prospects that people keep putting forward as a must buy/hold for this share it seems that it is still on a downward spiral with no real sign of good news to lift it? I do think that the only people who now think this is a nailed on profit maker are the ones who are in at a lower price than the current bid. Any one like myself who are in between 15-20p I would think are becoming seriously worried about their investment. The continued delays at Dempsey must be a drain on the companies cash with no guarantee of a commercial gas flow that could mean a new flotation which will dilute the share value and unless you bought in at that level it means a further loss and much longer time to try to climb back from a much lower position. Already a further 4.5% drop. Hope I am wrong but I am seriously concerned that we are in for a rough time. GLA
What a disaster this share is becoming. From 6 weeks ago when Dempsey was going to be the best money tree we could ever be involved in to a completely over, and in my opinion falsely hyped share by the senior management. Misleading and ambiguous statements and RNS releases. When Rathole said this share would drop to 10p the uproarand outrage was unbelievable but he/she has been spot on and the only counter argument has been the other assets full of prospects. Let's hope they are not as productive as Dempsey? Have lost faith in this one and SGC but can't afford to take the current loss so I am putting this one in the bottom draw and hope that it might just give me my money back in 2 years. Not going to rely on it. One of my worst investments ever.
Scarface72. Acknowledge your view on manipulations and lack of patience. My real worry is that this driven down so low that it will take a huge piece of news to even start a recovery and will take forever to get anyway near the 20s. I am holding as I don`t need to release the funds for anything special but don`t want to see any further dilution of value. Dempsey could turn it`s self around but the lack of news is a concern, not just for this week(ChisD1975) but because of no reassuring information of the other irons in the fire. Hope our faith is rewarded and hope you all have a good Christmas and a profitable New Year. GLA.
Comedy gold or not I bet you are in a position of profit atm? Do you have a very large holding or sub £20k -£30k? Not worried about news this week as you pointed out not unusual. Look at the share today, another 2+% drop. You can only be happy if you are in at sub 11p? DD you are spot on with the manner in which Aim companies are allowed to manipulate the price without any authority getting involved.
This really does look like a sinking ship. I am now down 36% on my holdings here. What a dismal performance from the hype by the management just 4 -5 weeks ago! They have now retreated behind their walls of excuses and silence. Not a peep over the last week to try and shore up the sp but I now have to make a decision to take a very large loss and move on or revalue the long term prospects. If they start to ramp up their other prospects do we believe them or not based on the out come of the "Largest gas discovery in my 42 years in the business". Not my words but one of the senior execs. Not a very comforting position here unless you got in sub 10p and I am sure that there are a lot who did not. Will dig a bit deeper with my research and will either be out today or will leave things as they are and forget about this one until late 2018 and will either be broke or have made some decent money. GLA.
WWW. You got it in one. SGC would appear to have money problems which are impacting on their effectiveness and I don`t see it getting better any time soon. Hope our faith in this one is rewarded ASAP. then I think I will retire from the AIM market. Seems very unprofessional of EME to have continued with SGC partnership if they have seen the shortcomings first hand and I am sure they realise that they will have to raise money soon.
Seems that we are now tied in if your in price is more than 12p. No reason now for the sp to climb back up short term so putting my investment in cold storage and hope that it will recover in the new year. Bread and water for Christmas! Feeling that this has been greatly oversold by the people at the top but after all it`s Aim. GLA and happy Christmas.