The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Simple. Their is oil in my back garden. How much I have no idea. So I have to drill. And their is the Crux. 88e need to drill next winter to find exactly what is down there. Without the drill, the land is worth a fraction of it's real value....maybe. But you know this. Why am I here? Currently billions of people are allowed to post. Don't like that? They I will continue to post regularly.
12.32 To quote Ddraig, the land value at present is not great, after all, nothing has been proven. And he advises the banking sector and his own accountants. As we speak, he probably has his tongue twirling around Biden's ear, smooth talking his way to a relaxation in drilling regulations. What a jolly good egg he is.
An accountant should not be running an oil exploration company. It's plainly ridiculous. It's like Gareth Southgate coaching the national rugby union team..." It's a ball, I can handle that". He is obviously an interim manager, before appointing hopefully a decent oil man with good contacts.
Rod, that's right. I'm going to take the SP down to 0.03 before I buy back in. In the meantime I shall pop to Iran, have a little chat with the person in charge and stop their weapons build up. The following day, a nice little sorte to Israel. Shall invite the Palestinians and crack the peace process. Once signed and sealed, off to Australia to find Lord Lucan...
People recently had the opportunity to make lots of money. SP shot over 4p. A lot of people took advantage and are quids in
Anybody who held hoping for a big find should realita wildcat drill never hits the spot. It will take multiple drills to size up the amount of oil that is there, all of which cost millions.
I think it was Garrym that said what you get us what you pay for. The Tier one company's have the very best crew's and equipment. Company's like 88e have to settle for what economically suits them.
Wildcat drill; says it all. Sold everything at just under 4p. Hope others did the same. Why am I still here? This is a great share to trade and will be very interested buying back in after the next cash raise. Not like what I just said? Tough. Think, make money, think...