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Hahaha ahh pro, I was a bit baffled by that post this morning. I thought it was rather straight from you and I did wonder if I was reading it wrong as it didn’t seem to be a negative bash. Thankfully you followed it up with your usual tosh so I know I’m not losing my marbles yet!
Proselenes,
So as you’ve constantly stated this share is terrible and there is nothing happening and no good news here till end of the year at the earliest, can we assume you have no reason to be posting here and say our goodbyes to you for a good 11 months?
Just a couple of interesting reads for those not just hear to bash the share and each other! Even with the figures, we’re all just speculating until they deign to give us the true facts and figures. Peace out
https://www.reuters.com/article/us-usa-refiners-imo/u-s-refiners-2020-plans-could-shift-as-heavy-fuel-becomes-expensive-idUSKCN1SG0CL
https://www.argusmedia.com/en/news/1837112-us-refiners-hunt-for-heavy-alternatives-to-vz-crude
Proselenes, you pitched up recently, just after the fall wasn’t it? And since then have constantly enlightened us all on how terrible things are and that this stock is a strong don’t buy, etc etc.
So just out of interest; why are you here posting all the time? If it’s that bad why haven’t you just moved on to a stock which your impressive knowledge deems investable?
A lot of people are popping their head up in here and trying to be negative about this in any way they can, and I get why, we all know your sort and what your game is, but to say they should have bought more and the small amount must mean they know it’s bad seems a bit desperate. I mean GIl just dropped over £56k into this, that comes from his own pocket not some petty cash tin at the company to make a shareholder statement
Just had a watch if the video of Gil’s presentation and I don’t know if it’s because I’m looking back after being smashed here over the past two days, but I really don’t like how he was holding himself during the Q&A afterwards. He just looked so uncomfortable like he was completely blagging it. Just didn’t fill me with confidence at all, which I’ve felt has been there from other interviews
Unfortunately I think it will have the opposite effect leftit; IMO it tells the market there won’t be any news for a while and I think that will leave the SP to continue to drift lower as there is nothing in the short term to drive the price upwards. Obviously I sincerely hope I’m completely wrong!
Davwal, I hadn’t cut it just to suit an agenda, more just to avoid a whole page! My point was mainly that Jethro had been talked up but seems to be tempered here.
Wallact, I agree it was understandably enthusiastic to start with but this does seem like a pull back and also I believe we won’t see a cpr for a while if not yet commissioned. A couple of questions: how long would a CPR usually take once commissioned? And when you say about M&A, I have no experience with these but do they tend to just come out of the blue as far as us PI’s are concerned? Obviously it’s continuously touted but we have nothing But speculation about it
How do you mean Wallact?
Maybe I’m missing something or just not understanding it properly, but I feel like this is trying to play down what’s been said and temper expectations.
“ evaluation of the well data to date on the Jethro-1 discovery has confirmed that the sands intersected were as had been anticipated in our CPR”
And
"As was the case with the Jethro-Lobe well, we were able to clearly define the target on the 3D seismic section of Joe-1, and the well results were in line with our pre-drill expectations”
Since the Jethro find we have been told it was larger than expected but now this seems to say it’s as expected?
Does anyone have a solid opinion on what the bottom might be here? I’m not looking to trade and will be holding on to these golden tickets as I see them for the long term, hopefully until a buyout, and although long term I know this drop shouldn’t bother me it does still hurt to see big red numbers! In my opinion this was to be expected about now, although I didn’t think it would be so much so quick without going up a good chunk first, because there isn’t a solid news flow expected for a while. Yes, I know we are due proper results from Jethroe. And there is the potential of some kind of takeover news, but that isn’t on any kind of timeline and is just speculative. On top of this it will have been a lot of people’s planned exit point with a solid profit anyway.
I’m thinking, maybe just hoping, that this is about as far as it will drop. Do others have other opinions?
Ooh interesting post indeed. Being the regular Sherlock Holmes that I am, I noticed you omitted points 3,4,5,7 and 8. It occurs to me this must be some sort of cryptic clue to give us non regulars at Aces a taste of the sweet action. Substitute numbers for letters alphabetically and we are left with C, D, E, G and H. Surely a code of some description! Hmm...
Craploads Doesn’t Explain Gushing Here
Cajillion Dollar Equity, Gil Holzman...
Copious Diesel Everywhere, Gil Holzman
I think it’s clear that we have a statement with a Gil signature at the very least. Surely can’t just be a coincidence can it?