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Probably, but that solidifies the price. We have had a blow off top bound to be a pullback as the momo crowd move on.
The troll attack which I stated was getting ready after a three day rest is going to bombard the board with many misnomers to get a panic sell on.
Then the top up brigade enter once more.
They are going to fill the board and try to take the price down to load up.
Frankly I am looking for another small top up. With the volume of gas already hit we are super commercial.
If they can get me a better price for another top up - no point sweating.
PG, Lonny and the maths of Morocco do the work for all.
They are also somewhat excited by Trinidad.
Those trolls have to work hard now.
Its all probabilities... Would hope we look at a JV after MOU-NE and the updip on MOU4...
A small placing for that would be highly value accretive as it will cost a couple of million and we have a drill hitting billions worth in gas. PG said he wants to get the drill bit in those targets quickly.
Key is we got a Morroccan license that is now coming in with small outlays that are hitting huge gas numbers.
Just study our economics compared to other companies in the area.
PG and LB are really pulling it off in a massive way.
Only problem was he did not report better than expected. Do think the share will return but we are on the naughty step. No doubt about that.
Oh boy were you right.
It's SFOR they came out that growth would go from 6-10 percent to 2-4%. Stock tanked. I bought in at £1.22 managed to sell out at £1.16 after the stock opened around £1.03. Only did that cos I got up late and so did not panic on the opening.
Saw the RNS and thought screw this for a game of soldiers and sold.
As NFC is seen swimming in the same pool people think like Sorrell they will miss figures. We may go below £6 will look to add here. But for now I think SFOR has really laid a big one on the market.
SFOR could come good but they have got a ton of work to do now. NFC the management have been very astute and careful. Sorrell has pi55ed a ton of people off in the last eighteen months likely the City will pi55 back at him.
GG I have cross contaminated your board.
Firstly you are correct in maintaining a core position and then if need to selling around it.
Secondly you criticised PG for his placings which have been miniscule for volumes that have been excellent.
Meanwhile you get behind Page who has invested in a company that got their license nearly twenty years ago. It has not had any movement on the license for seven years and has burned over £270 million in shareholder capital and will be doing further dilutions, most likely, against a cap of £17 million. After these positive drills they have had no JV partner enter after seven years, in what Page is selling as a phenomenal play.
Nige mate you say all the the guys here stick together. You are doing precisely what you have criticised everyone here of doing. I guess you have taken the Hypocratic oath and have to keep it...
Will you support Page further and put some of your funds into this stock?....
Bruce Lee, love it...
Notice how political parties are rowing back on the green stuff?....
Khan is the hold-out in London.
You have to be scared when the CEO doesn't have a fake tan. Too much time on the sun bed and not enough in the office.
The problem was he probably had his opportunity to get these markdowns earlier. The share would have tanked to mid 70's and 80's and then build from there.
For shareholders he held back and probably saved us an even bigger mugging. For the City they will mark him as shifty in some quarters. Will he make the next projections.
In all likelihood he is now in sandbag mode and will make them. After the accounting fiasco, his stock and ours is at a low. So probabilities are this may favour the low.
He has to get the City to like him again and trust him with their funds. He has to deliver. The next six months are crucial in a very tough environment. If he does that this stock gets going and going big.
They burnt through £270 million of shareholder capital to get to £17 million cap. Have not accomplished a thing in seven years for a license they held for coming up to twenty and you think things are great there. You are hyping that performance.
Meantime PG has drilled four wells found billions of dollars of gas has another license that will be drilled in Trinidad shortly for a fraction of the capital and you question his performance against the Borders crew...
You are utterly ridiculous. You are the most incompetent FUDster in history.
I think he realises that he needs to deliver. No doubt last year was a screw up... He is conscious that a good showing is demanded from the City. His personal esteem will demand it of himself.
Awarded first license in 2004...
2009 Raised £195 million in a placing for its drilling campaign delivered strong condensate shows- raised a further £75 million gross then relinquished 50% of its acreage and in 2016 modelled for appraisal drills....
From 2016 on good wishes for the shareholders and a nice christmas card.
£270 million raised, 50% sold though they did acquire some more acreage and a market cap of £17 million.
Nige will join you on this one won't you...
PG raises £2.5 million for a well and finds 60 metres of gas in one well. All this you disputed that he would be successful on.
I rate our guy a bit ahead of the ones you are touting....
Page you are a genius
When's the drill? Who is their partner? This deal is so hot who are the backers for the stock you were hyping on this board?
And talking of placings... you get Page of Cr-ps who was hyping a Falkands gas play which needs between $1.6-$3.2 billion dollars to be developed... The only drill those shareholders are seeing is the dentists and they have a cap of under twenty million dollars. This guy was criticising our placing....
Nige is Einstein compared to you.... Do not go near him you are unworthy of his FUD crown....
Come on hats off to Nige. He is working very hard on his FUD attack.
I am just waiting for the next leg which is his previous ramping of Velocys. Here he has criticised PG for the placings yet they need $500 million dollars to develop their fuel and a market cap that is shaving of that. He is worried about dilution take a look at the stock you were hyping mate.
HARL another one of your recommendations has not been hitting it out the park recently either.
Were these Winnifrith plays recommended to you or did you come up with those wonder moves all by yourself?
Can we have a cheat sheet with another of your recommendations...
What we do know is that drill bit is going to get very good use...
There is a whole area of our acreage we are zeroing in on MOU-NE 126 KM2. There will be a fair amount around that it is just one sweet spot.
Not forgetting all the areas to go into around our current drills as the acreage of gas resources expanded further than expected with MOU4. To think some people were suggesting this was a bad drill for twenty four hours till PG blew them out the water.
He has to hit the 2.5 km updip from MOU4... and some more Jurrassic....
Morocco alone would keep most companies fully stocked. Those Trinidadian resources are coming into view...
In James we don't trust In Paul we get paid to...
You really listen to Proactive and then the Sunday Roast interview which we got anxious about, the picture is getting much clearer...we need a bigger boat... so much to transport. Everyone can see that most notably JV partners...
Hi GG
I'm in SFOR. Both these babies are super cheap. This area of the market has been killed. Both are going to profit from AI.
Both are crazy cheap though the metrics in this are probably better right now. If they execute going forward like they are now massive runway ahead.
Congrats on CNIC was in that and just threw in the towel. I got beaten down. So many people were saying the City does not like the accounting there I gave up. Well done on staying the course.
Have been following NFG for ages and missed the boat on the last run up. Saw the price now and thought start accumulating. Maybe six to twelve weeks for this to turn but the stock looks good here.
The cost of maintaining the wind farms is another thing to add. They are placed in not the most hospitable places and the turbines have been found to corrode quicker than imagined. A huge farm equals significant cost to maintain before you got any energy in the grid.
I remember us being all so down on this interview at the time. You actually listen to it now after these drills and realise it is fantastic. Really puts the whole plan together in terms of JV. I think we were all anxious after the MOU2 well. Though PG downplays the size of the gas. Now he really has blown the doors off in that area.
If we get a little pullback gonna go for another last top up.
Likely we'll see what we are worth pretty soon as the JV's buy in after we test these wells and drill the up dip and MOU NE.
Could we have a placing for those drills maybe. If so when the testing comes in it will be at a higher level than today so less dilutive. Or we do it through CNG. Either way if they come in which looks good so far it will only be financially accretive.
The tests are key now once that is in and they are proved to be good. You can have an army of trolls it don't matter...
PG and Lonny know the market and what we are worth they won't sell short... too much on line for them...
Five minutes later they take it down to £6.77.
Mm's playing with this hard. Good thing is I think we should have the bottom in at around £6...