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Thank you Scratch, I stay true to the facts and I don't make up things to suit any agenda. I openly admit I am here to see my investment grow and I will not set about deliberately to knock the share to get a better buy in price for my top ups.
If there is something negative to post that can be substantiated I'd call it, but I'll not do it on agenda based gossip
Some people don't like my honesty but that's shows more about them than me. I suppose I tread on toes when my words go against their manipulation attempts but hey ho. One will go then another will come! Many of the trolling types will be under different names pumping the hell out of it when the time comes.
Is there an issue with developing a relationship with the staff? While talking with the staff you don't get inside information but you do get a feel for how genuine all the positivity is and that can be far more insightful that reading agenda driven tripe on a BB.
You also get the chance to put forward your own views as an investor which may or may not be accepted and taken on board. If anyone chooses to do nothing but attack then it's their own fault if staff won't respond.
Constructive critisism is welcomed by most people but wanton destruction never is!
Not sure if cp posted this here but thanks to him on Twitter something to think about.... https://mobile.thecitizen.co.tz/news/-Tanzania--Kenya-agree-to-increase-trade/2304482-5186312-format-xhtml-crusie/index.html
Just where is this #Gas going to come from when LPG is at least fifteen to twenty five years away, when our neighbours running almost at full belt with no plans for even exploration drilling until end of 2022?
Seems to me like there's only one place the gas can come from within the near term next five year period and of course that is Ruvuma so AEX are in prime position simply awaiting the go ahead. I have absolutely doubts about this companies growth opportunities but DYOR and avoid listening to the poison
With a meeting to present in the afternoon did you honestly expect him to reply straight away?
TBH I want my management to get on with the job and not keep peeing about answering silly questions fired at them every five minutes. No disrespect as I know its a genuine question but judging by what's said on here some days he must receive bucket loads of crap
Well Chris I love the fact they continue to say there is surging demand in Tanzania because that has to be good for them and just as good for any other operators in the country too, so that is a welcome point. However, I am wondering how the company will be able to increase their production to meet that demand as the document states on the companies future growth, further exploration drilling is not expected until end of 2022 and with Tanzanian experience we all know that can be delayed for many reasons. Meanwhile the neighbours at Ntorya ought to be doing quite well by then and on the road fulfilling a six to ten well full field development of the around 2tcf currently known of. Probably best not mention the potential that sits in a lower chamber below the next drill target and God forbid if that turns out to be oil.
However as the Nytora neighbour is waiting for a piece of paper to be signed, I have to admit nothing at this point is guaranteed. Then again if demand is surging as the company here admits, then the country will not be able to wait until a likely 2023 at earliest for them to help with further supply. That being the case, if in a 3 year period Tanzania has not signed things off and Ntorya allowed to produce then everyone should be selling everything they own in Tanzania and running for the hills and I mean everyone of us
If we have dropped that % max we can recover it. It has been done before and will be again when we go into production and at that stage will be sustainable. It is the impatience of gamblers and shorters that has dragged this down. They have taken advantage of the delays but they will not for one second have taken their eye of this ball. They know what we have here. 5 years ago I bought my first shares in this at similar price as it is today NT2 had us flying and I'm as gutted as anyone not to have taken advantage of that at the time. But all that we got excited about in between is still there and we know it so in my mind it will return.
As we have lost at least 1.5p on the lack of KW income I believe it safe to say that that has good potential of recovery once we can actually get down to work again.
By pure logic as we were at almost 8p even with the farm in reducing our share, getting the go ahead to get out what we have found alone should take this to between 3 & 5p
On spud and drill of CH1 I expect to go much higher. That 10p prize may seem a long way off right now but that previous rise came within a 6 to 9 month period. Once we get the go ahead I personally expect the possibility of even higher and I'm looking forward to sharing a few beers to celebrate.
In respect of shorting this now, I think it would be crazy. The big boys have had there fun and took their glory so any small punters at it right now are the ones likely to catch the cold when it comes and as we are so low right now, I doubt there is enough downward movement worth chasing on that score. That imo is the reason the trolls have slipped back away behind the skirting boards.
My dad's bigger than your dad :0))
Jeez Max you seriously have got it bad 1p by end of September if the deal is done this month? I think you well off the mark because if that were the case there will be two months to play with and I think there will be much progressive news released in that time if it is completed.
I see your mate Jonah only decided to put your lower option in the chart though didn't he. I wonder why?
Typical politicians answer BC. Truth is you haven't got a bloody clue and are just putting an alleged situation forward in attempt to midlead and deceive. Come back with facts we can all see.
OK Jonah you obviously want to play the pessimist as you will be delighted if Max's low wins. You are assuming that nothing will happen. So "COME ON" "BE BRAVE" stick your neck out, show some "GUTS". What price will it be if the licence is granted and the farm out completed by month end?
I don't think so, having exchanged mail with Jay regards his well being and from a previous conversation I had at last years AGM with Tom, I think as Jay indicated, we are in good hands.
BTW for those interested. Whatever it is Jay suffering, he intends to beat it, so I'm sure you will all support that challenge he faces. Best wishes to him in that fight, I look forward to sharing a pint with him and a few others as mutual shareholders in the near future.
Only time will tell Max but I don't intend to beat myself up over it. I'm in for a lot of money here and there is little I can do about it so, as said, I can only be patient and whether anyone wants to keep bashing the stock or not when it has already been beaten to death, will make no difference to the value we sit on. It will mature when it's ready, I just hope I'm still around to see it! :0))
I honestly don't think it matters how far the can is kicked at this stage. I think many here are in a position where it would be crazy to sell. So only those trading at these levels will make a difference. This is one reason I still feel confidence of growth here. Those who have been here LT like me will know why we are this low and we know what we are waiting for. I also feel that though any might think they will bail before they recover all of their money that most will stay on for the profits that they invested for in the first place. Those who stay, know what is in the ground and the riches it will bring to the company. At the end of day we are just awaiting the go ahead and a countdown to lift off. It's a great mid to long term investment here right now! That' my view but newbies please DYOR
Nobody can predict with any certainty what will happen, I still have hope for a pre Christmas spud even if the licence gets delayed a little more, but like some of you, I find the Solo comment disturbing but we have seen this regularly with the tail wagging the dog before. I think that the Solo comment may have been made in order to slow expectation and might just be an indication that the licence will not be in place by end of July. I don't feel any of us will be surprised if it is not and I'm pleased that most people now realise that the situation is dictated by the government.
There is still plenty of money to be made here at these levels imo, so I will remain a strong buy for medium to lth, but having invested elsewhere in Africa, I understand the reasons why these governments are trying to secure their own countries futures but I would be shy of doing so again in the future. I personally think they are trying to rectify 100s of years of extortion in too short a time and it may ultimately cost them the outside investment they actually need.
I'm in for the foreseeable and patience is a necessity.