Member Info for dsmith57

This is me on a good day grumpy!

Sentiment and momentum are huge things on AIM. I think that both have turned against us. I have a feeling that shareholders are coming to the view that we are unfocused and too thinly spread. From not needing cash just a few weeks ago it now seems that we need it urgently and the licence fiasco is just that, a total farce. Nothing is straightforward on AIM but this is beginning to slip away like so much else.

Have a look at the trades since the interview. All sells it seems. I am utterly perplexed.

I am well aware of the Bergen situation but clearly all of the consistent selling is not by them. It was good news yesterday but not without caveats and investors simply do not trust this company given the dodgy RNS’s around Lidsey and the disgraceful Tidswell episode which, by the way, has yet to be explained. Any rise will be massively sold into, including by me. Many here are overexposed having averaged down from the 35p days and are desperate to get out. A lot of things are against us at this juncture.

Now going red. As soon as this pans out I am out of Aim for good and I don’t think I am the only one.

I must say that this drop is extremely alarming. I am heavily invested and fully expected that the price would rise into the flow testing. This has not happened for a number of reasons, Bergen being the main one, but I think there is genuine concern from ordinary holders as well. Let’s face it this is a bit of a coin toss. I had hoped to lighten up my holding prior to the result it having risen in the run up. That is not going to happen so I am going to have to take a hefty loss on a proportion of my holding and sell. Can’t leave it all in. Too risky.

Total farce now and we will all suffer if this is not sorted tomorrow. Prelea realky has played a blinder. Every single forecast about the timing has been wrong. Why oh why did he not just shut up!. He said that he was simply telling us what he had been told. By whom. Tge mist corrupt bureaucratic country in Europe. He should have known better. Price will slump tomorrow.

Can anyone shed any light on the recent price action? Given all the positive news recently,including this morning,I would have thought the price would be motoring into the 60’s but it has gone into reverse. AIM has now become a complete joke. I am still confident here but when we do rise I will be out of all my AIM stocks. Just too unpredictable. Crazy!

Sorry but this shareprice will not be back at 12p at the next spud. The last two days have significantly affected confidence in the company. That confidence had returned to a great extent since the appointment of the new CEO. What had gone before was an utter shambles. Have a look at the shareprice graph. This latest incident, I am afraid, brings back memories of the bad old days. The competence of this company are now front and centre again and it does not look promising. You might think that a proper survey of the rig site would have been carried out. Was this debacle entirely unforeseen? Will moving 100metres inland really make a difference and if so why wasn’t this location chosen first? These questions seem pretty basic to me and the last few days have given shareholders cause to think that the very high risk that was there from the start here has just been ramped up even further. For this reason I think we will be lucky if the shareprice is out of single figures when we are able to drill again. One other thing: the 2 RNS’s have been woefully short of detail. Nobody really knows what the hell is going on. Let’s get this back on track. The CEO should be giving an interview pretty damn quick to be honest and transparent about the reasons for this debacle and giving confidence that the same will not happen at the next drill

Well that’s it for me. Held for around 18 months and built up a large stake but have been gradually selling down and now I’m gone. A major disappointment but the market just does not believe. Don’t let anyone say that I have not been patient but this is just ridiculous now. Nothing moves the share. I have escaped with a small profit. I may be back if something stirs. Good luck all.

I think that the problem we all have is the worry that this will happen all over again at the next location. This was described by the BOD as a “topside” issue. It is surely not. It isn’t the rig that failed it seems that the terrain has proved impossible to effectively drill. Surely this is bad news. Better to have a rig problem which can easily be sorted. Can we be sure that the ground is radically different 100 metres away? I am sorry to say that everything this company has touched since IPO has been a disaster. Wish I had stayed well away.

Interim injunctions dealt with very quickly. Usually on the day lodged in court.

Depressing. Nobody has bought a single share since just after 9am. Sorry to say that all the signs are that we are getting yet another placing. The silence from this dog of a company since the licence grant is nothing short of disgraceful.

Let’s face it the share price reaction leading up to the spud and indeed from then on, has been very disappointing and exactly opposite to the predictions of the main rampers on here who predicted 1tp to 20p pre spud. Am I the only one whose nerves are now jangling given the longer than expected wait for news?

Surely this is very good news for lth’s. We have already suffered massive dilution and stuck it out. This deal allows development of a huge and hopefully lucrative area without dilution and without, it seems to me, giving up too much of our share. Much to look forward to here in the near future.

Nice to see your calm,logical and persuasive refutation of my critique. Good luck with your investment. Oh Dear!

You suggested 2p on licence grant. A rise of over 200%. How can you seriously give that opinion given this share’s performance over the past year? It is plainly absurd.

Ridiculous to suggest 2p on licence grant. It is arguable that this is already priced in given that our great leader has told us that the grant is a mere formality and that it would be ours in early July. That one didn’t work out did it? Totally p——d off here!

I simply do not appreciate your insinuation. It is pathetic really. Anyone who urges a bit of caution and points out some issues is “Outed” as a deramper or worse Good god it’s like Soviet Russia. No one can have a different view than Sardypaul the Premium Member of the Politbureau. I am a holder with probably a good deal more shares than you Sardy boy. You did say that you “Feel like having a whinge” The floor is yours.

Hear what you are saying Bezzy but this is all hopes and dreams again. People have been waiting on this licence for YEARS. I am afraid that Mr Prelea showed naivety and inexperience in unequivocally stating the the licence would be granted “in early July” He will no doubt say that this is exactly what he was told by the relevant department but he,of all people, being Romanian himself should realise that this country is riddled with graft and total inefficiency. He should not have given a date and since then this share has stagnated despite all the good news which has happened in the interim. I truly believe that if no date had been given we would be much higher today. Trust has evaporated and that is at least partly caused selling and lack of impetus. I must say that I fear that if and when we get this thing the share price will move only very modestly higher if that. Anyone who thinks that this will double or anywhere like it is deluded.