Member Info for eldorado1909

The drop will be slow and gradual, as it was after the last delay. However, this is AIM we're talking about. People panic sell over a delay of a few weeks they're so convinced they are going to ten-bag in the next week. In the long term you may well get a decent return, but in the meantime this is going to drift, hence why i'm out until the bottom is found again. It's extremely frustrating because this had only just settled at the 200-210 level as a new support level after the last delay. Now it could be months before we see where the next base to build from will be. Personally I think it will be below 180.

Hey Angel, I remember you from HUR back in 2015!

All any of us has is conjecture here, nobody knows whats going to happen! I've heard all these arguments before on HUR re drilling in winter. My opinion after many years investing in UK offshore is that it will not be drilled in the middle of winter. From my experience its best to assume the worst with any AIM share, especially when the board has failed to deliver a drill when they said it would be for a second time.

a small position in here this morning. I fancy this will bounce soon.

HH think you are deluding yourself tbh. Boredom sellers already pushed this down to the 190s once and that was with the drill a few months off. The most likely scenario now is Q2 2019, because who drills the NS in the middle of winter? Obviously they aren't going to say that in the RNS since it would make the SP crater to 150, but reading between the lines I'd say thats the likely result. Then there's cash burn for another 6 months from the placing money. To present this as anything other than a disaster for holders is disingenious. Fair play if you're willing to hold through the innevitable weakness but I am not leaving capital in here when the SP is almost certain to drift further down when the board have already delayed the drill twice this year. It was originally supposed to have been in the summer...

RNS this morning. Sold out immedietly upon reading it after having bought back in recently. Two seperate delays on the drill is pretty disapointing. Just goes to show, there is no sure thing in the O&G sector. I made a lot here earlier in the year, and made the mistake of thinking I could do two seperate trades on the same company - its always greed that loses you money here! I'm pretty skeptical as to whether they can actually drill the north sea in the middle of winter, so think this may well be delayed now until the spring. Pretty sure there will be chance for a lower entry than this given the innevitable boredom selling which will go on here over the next few months whatever happens. Oh well! I take a kicking and keep on ticking.

will we know the price of the placing?

a fake ask here today. I bought in at 8.0799. All of the other trades (the majority of the volume) were also buys. Adding that chunky buy at significant premium above the ask I'd say things are looking pretty good for a significant move north in the near future. Ignore the resident derampers. Lots of big traders are loading up here whilst its quiet. This will be massive come October. Expecting 50% minimun from current levels come spud, perhaps even more. Anyone getting in now will do very well.

Over 11p paid!

You're being way too pessimistic scored. This always goes up considerably in the run up to wressle. It's unlikely to go any lower as the placing was at 8.5p and so pretty much anyone selling at this level is selling at a loss. I expect it to remain here for a few weks and then rebound. Selling at these levels is crazy. I for one am jealous of those in a position to come in at this level.

There is a broker note out there somewhere which I have see posted before on twitter. I can't remember the exact figures but the unrisked value of a sucessful drill is way in excess of £1. If they hit Djeno sands (the lowest target) this will go absolutely mental.

Absolute bloodbath. Don't think its over either. Can't really see it rebounding until there is some news on Bisca.

we're back into the 8s. :-(

Not looking good scored. Big chunk sold at 0.0902. Reckon we're going to see the 8s soon. Jealous of those in a position to open up their position here. I'm heavily underwater in this position now. Just glad it was one of my smaller trades.

There *is* oil there. A full duster implies they find nothing but dirt. An RNS *will* be released announcing hydrocarbons have been intersected. Whether it's commercial is of no concern to anyone invested at this point because the moment that RNS hits the market, every AIM rainbow chaser will flood in here. Nobody will know initially whether the oil is commercial giving anyone buying in now plenty of time to sell out if they don't want to gamble on the big prize. The circumstances you're describing *are* impossible.

Wells capable of producing 120 bpd ONSHORE is only worth 1.5 million (1p) at 70+ dollars? Mm, OK. You're really embarrassing yourself now IG. There will also be cash in the bank as well (not sure how much) not even TRP went to 10% and that was wildcat offshore with nothing else to drill. And you know full well a duster in all three layers is impossible, a major is producing not 5km from the drill from the monster djeno target. Sorry IG, you've missed your buy in and this is breaking out this week. Your ridiculous commentary isn't keeping this down anymore.

Most of them couldn't have made any money selling on news. Don't get why people do it. Buying or selling on news is bad strategy IMO much better to buy in/sell out under the radar when it's quiet IMO. Too hard to predict how news will effect the price. Often good news results in a drop on AIM. I think most of those that buy or sell on news lose money in the long run. Not in but ARCM had a stonker of an RNS a while back, yet after gapping up it ended up dropping back. If you'd bought into that great news you would have lost money. Likewise selling out on the news would have been a bad strategy because it kept rising afterwards.

My whole holding significantly above the bid at 9.675. Sells have dried up. Looks like the churn is going to be in the high 9s. May be tough to crack 10p without a good volume day, but downside seems minimal from here. Placees are either almost gone or unwilling to sell for any lower than close to 10p. Thats progress because I remember not long ago there was a steady stream of sellers in large chunks in the low 9s.

Glad to be surprised mate. Could go a lot higher. Just depends how excited the market gets!

I don't gamble on drill results but lots like to. Very open about my strategy. Nothing I have said is untruthful. If someone is partial to a gamble the potential returns outweigh the risks by nany times - hence why you want in here. I make money on AIM with my strategy, what other people choose to do is not my concern. I will sell my stske here at a profit, between 12 and 14p and leave my profits in for the drill. Anyone else could do the same from current levels. But most prefer to hold for the potential big gains. Somebody trying to make money on the stock market, what a shocker.