Member Info for Doc83

Definitely fatigue after 5 years!

More big sells going in. Would love to ask MB what he thinks is going on.

WOS - what happened to 10-15p on LP? We are well past that. OK, mock people but perhaps you need to realise you've been wrong more than you've been right.

I thought Gobi might be our only shot at seeing a rerate in the SP. Gobi was not the hit we were hoping for, albeit that might dredge something up in the future. So that leaves Heron. Are we really going to get a more positive RNS than the one we had yesterday, where the MG were confirmed to be on our side after all these years and bending the rules for us? What RNS's do we have coming up that will see us significantly rerate??? Confirmed deal with PC? Heron 2 flowing like a good'un? I'd say these are expected? Maybe something a bit leftfield like the renewables, but I'm not sure. Takeover? I really don't think so - will the MG be happy with this after wanting to move away from reliance on China, to bend said rules for us to then sell out.

Of course, some believe there to be SP manipulation. Possibly. But that's not good either, because then we're not investing because we think the fundamentals will ultimately be reflected in the SP.

Don't lazily say to sell out or take it or leave it. These are genuine questions which I think we should all challenge ourselves to answer.

Jimi - MB also took part in the previous raise, $25k worth. But this guy is being paid a lot of money… it’s chicken feed and means the raise is more likely to get done with the CEO taking part… ie, the company continues to survive with him getting paid £300k per year!

I’m interested to know people's thoughts on what will now push this SP on? Some say there is manipulation, in which case we could be stuck here forever. But if everything is fair, then the news we are becoming a producer imminently hasn’t done a jot for the SP. So what will?

Investor, if that really is the case then why would they ever let it spike again?

Doc wants the SP at 50p. But 3p would be a start. If today's RNS didn't move it, what will. I don't see confirmation of a PC deal propelling the SP to 10p!

Bob, you are definitely a glass half full character!

I will say that it is almost inconceivable that the AGM arrives with no RNS telling us of the funding or concrete plan moving forward. It will be chaos if we arrive on Thursday and everything is still up in the air.

WOS, I'm not sure most here are judging it over one day, but more like many years.

I've never sold a share but it's getting to the stage where I might consider dumping some. Because what's the catalyst for this to go materially higher??? It's not going to be Gobi and as for Heron, we have RNS's like today all but confirming it'll be producing this year, yet it's had no impact. This might drift a bit higher, but I don't see 10p+ or even 6p, at least not within the next year.

“MASTER manipulation of the share price”

💤

If there’s all this manipulation, what’s to say we’ll multibag even if we have 50 wells pumping next year?

Didn’t realise we’d also donated money towards firefighting equipment! I wonder how much we have spent on all such donations?

It's definitely full of dodgy people of brown paper bags. But I was encouraged to see that MIMR have seemingly changed the rules just for us. It backs up Thornogson's long held view that the MG are now firmly on our side. Whether it helps the SP... time will tell.

"where did all the money go?!"

This sector is done as far as investing is concerned imho"

Proquo, you've been caught out as the real trader and/or someone who is emotionally volatile. Just give it up.

Am I not allowed to express my frustration, too?

"I have a life". Yes, which is why you started a thread with my name as the title, LOL.

Anyway, I'm not sure what your problem is... I've said this morning I was happy with the RNS, just frustrating there's so many sells holding the SP back!

9th September:

"Trouble with all these little companies is that they make such bad decisions regarding financing that it stymies any possible SP action when they release news. Presumably, one possible option IF they ever get to pump oil and also prove up their reserves is to obtain proper Reserves Based Lending from a bona fide institution. But that is a long way off.

Btw does anyone know of any other little oilers who have succeeded in keeping their SP afloat as they develop? UKOG, COPL er, no. This sector is done as far as investing is concerned imho. I remember Robbie Burns aka The Naked Trader saying that he never invests in oil stocks of any kind. It's dawned on me, far too slowly alas, that he was absolutely right."

Quite the change of heart in the space of a few weeks, Proquo!

I think we all know who the trader is here, LOL!

Come on, Proquo. You made a statement the other day that MB was fed up of PI’s moaning. So what’s your source?

Or are you just full of BS? Ah, yes. That’s what it’ll be!

Proquo - what was you source when you said MB is sick and tired of PI’s giving him grief?

Another 400k, 200k and 250k sold within 5 seconds of each other. Clearly the same seller (or MM if investor33 is correct. Maybe they still are accumulating, but if so, when are they going to let this go? Are we going to get much better news than today?

I hope the next raise MB does, he realises you should avoid II’s and large investors, and offer the regular PI more than a pitiful $500k worth. I don’t think we’d have seen such extreme selling (and again this morning) and would’ve seen a much higher SP by now.

Still plenty of selling into even this very moderate strength.

“Back to 3p today”

BB, please stop!