Member Info for Doc83

Guys, LSE doesn't know what is a buy or sell. The system simply assumes if the quoted prices are for example 6.4p/6.6p, that 6.49p is closer to a sell and therefore displays it as a sell. It doesn't look at L2 or what brokers are really offering.

The only thing that is clear, is that we do have a large seller. Maybe someone who has been in since the 1p days and cashing out.

I think they 2.1/2.2p and relentless selling is more concerning than Iran/Israel.

Sorry, abzzba, no 35p. It’s 2.2p.

Lots of green boxes... the insecure posters who shout "derampers, derampers!" here having a heart attack at 2.1p no doubt.

LS - I just don't think any of the news on the horizon is going to suddenly see the SP "massively rerate", certainly nothing like 5p+... maybe 3p. Everything is kind of expected, isn't it? We're expecting Heron 1 to be producing, Heron 2 to be OK., a PC deal etc.

Investors on AIM want a potential 10x bagger. They don't want a slow burn... if you want a slow burn oiler, buy BP or Shell etc. Just look at TXP which I've mentioned before. I don't follow it that closely but they seems to have done a great job of finding the resource and building what looks to be a great operation, all on their own. Yet the SP has gone backwards.

I've been here that long that I won't sell now and want to see how it plays out. But I think expectations need to be reset and the relentless nonsense from some on here needs to be called out. This remains a long term hold (unless trying to trade it) with lots of risk.

LondonSuede - can't blame the CEO. He's done everything he promised. We've still got a large seller(s) and/or SP manipulation going on. And also perhaps the fact Gobi wasn't the instant big hit we were hoping for has turned some away from what will now be IMO a slow burn.

Thornogson - our seller might be gone by November 2025!

Could this not be seen as a positive? Whoever it is has still had to dip their hands in their pocket to some degree… they wouldn’t want to just throw money away, surely?

Abzzba, can we stop using the N word please. It’s highly offensive and will be reported.

Investor33 - partly abolished but I think for 95%+ it's irrelevant. I can't imagine even the very wealthy having much more than £1m in AIM stocks, and even thereafter the break down from 40% to 20% isn't to be sniffed at.

And worth noting the AIM market reacted positively to it.

"Reeves has scrapped the inheritance tax break on investment in AIM."

Has she? I thought it was merely capped at £1m worth, thereafter 20% rather than the full 40%. So still very, very good and likely to cover 99% of people.

Great interview as always.

POW now worth less than it's GMET holding...

“ If Reeves scraps the break on inheritance tax on AIM investment today, then I believe that it will hit investment in AIM hard.”

Oilers are not allowed in AIM IHT portfolios so it *shouldn’t* affect MATD.

“ But at its core, if the Company is honest and well run then transient stock price movements are of no concern (unless in the run up to a raise), and value will out once it's making profits and heaven forbid paying dividends.”

^^^ this.

Of course, providing no corruption is at play. Which I’m still not convinced about.

Doz- directly from Gervais Williams.

Mullins - I can confirm Miton did NOT take part in the most recent raise.

For context:

Disposal of SOCO's Mongolian Assets to Daqing for total consideration of approximately US$93 million

The total consideration comprises of a cash consideration of US$30 million payable on Completion; US$10 million payable in cash 18 months later (in escrow from Completion); a cash payment of approximately US$53 million based on production above 27.8 million barrels from January 1, 2005

So £70m equivalent in total. But only £23m upfront with a further £7.7m 18 months later. And then if I’m reading that right, up to £41m once 27 million barrels are extracted??? At 5000 bopd that would take 15 years.

And Soco had drilled 27 wells across 3 blocks?

Doesn’t seem like a great deal but perhaps someone more erudite or who was around back then and aware of the deal can confirm.

It looks like there is a large seller here. Lots of consistent, round numbered sells.

Blimey, some chunky sells here. I have a small holding but am tempted to put a bit more in...