Member Info for eldorado1909

It starts moving think we'll have a decent rise here Monday.

Where does it say Port Gentil?

From my understanding there has been a pretty big change in national policy on onshore drilling. My view is that in view of this the council will likely want to take the project with all their demands met, rather than risk the national government overruling - which from my understanding is something which will be possible going forward (correct me if i've misunderstood) - and leaving UJO and EDR to do exactly what they want with a carte blanche permission from the central government who cares nothing about the impact on the local community.

And I will add, despite being promoted post-placing, there were not actually that many new people buying in. I never saw new faces like I did on the MATD board when it got hyped.

IG - a) because they are 15-20% up right now IG, wouldn't you? I know I would. Which counters you argument about placees stifling a rise, they won't because they are selling out now, long before the drill happens. b) easy - because it will get ramped the hell out of, and its the biggest target in relation to potential upside being drilled this summer, and by the time the drill bit is spinning the ridiculous UKOG bubble will have burst. And if you're going to say it won't work because they ramped the placing, AIM investors never learn, just look at UKOG, 8p-1p but still willing to buy into a 2p spike c) Because its an AIM wildcat oiler in the Congo! Overall if your thesis was correct this already would have collapsed to the placing price, instead of being 15% above it.... I heard all these same arguments on MATD which I bought in at 8p after the placing, I'm just as confident here as I was there that I can get a return on the predrill euphoria.

Intrigued Miller, do you actually make money on AIM? You've got so many posts racked up, you must have been trading for a long time.

Yeah, I think my original buy in price was pretty close to that, maybe 8.7. Sold prior to the AGM and then bough back in a tad lower. Not worried here, its absolutely absurd to argue the SP will be at all time lows at the point it is finally drilling the target it was floated for. The only circumstances that I could see this going to fresh lows would be the drill not going ahead, or a massively drop in the POO.

You seem to have changed your tune IG. And I don't see on the basis of what. You said earlier that low to mid teens was a decent conservative target, so why are you suddenly arguing its going to drop down without some external stimuli (you have agreed the drill will go ahead).

Up almost 4% now IG. Maybe time to expend some of your dry powder ;-)

Think you might get your car Scored! The change in government policy on onshore makes approval very likely IMO. Especially since it only failed by a small margin last time.

app has stablised the SP. Now on to Bisca, we need rig contract to get this moving properly. Wressle decision a long way off so probably won't affect price that much in the meantime. As long as there aren't major delays we should spud long before results are due for Wressle. Double binary shot at big bucks. Either oil hit at Bisca or Wressle approval would send this rocketing, and we have two bites at the cherry.

That target is as unrealistic as IG's prediction. My bet is on mid to high teens. IMO the thing thats holding it back is people being sceptical of Sefton's ability to pull off the drill, with good reason in view of last year. However, as IG argued, even he can't **** this one up, so I think we're good.

Sometimes afternoon RNS is better for that reason. Gives a slower rise with more legs, less prone to be sold into.

Doesn't seem to have hit the market yet, not really any buying yet. No sell on news though (yet) which is good.

IG i know all about MCAP dilution and the placing as well you know. My point is that the market valued this at 8p for the placing (which was oversubscribed) and at 10p soon after. Yet you are suggesting it will somehow value it at lower with the drill bit spinning. Thats my point.

So what's you position IG, that it will be sub 9p on spud of a multistacked target? I know the oil sector is **** right now on AIM, but I fail to see how this will be lower on spud. You seem to just being negative for the sake of it.

IG. I will sell all my shares minus however much profit I have on spud. Just as I do with all AIM ****e. Confident of a decent return from here. Average 9.3p. Most of the placing was taken by IIs. Most of the rampers you talk about have already sold out at a 20-25% profits on their 8p placing shares. Hence why they're now silent. There aren't many drills this summer and this is the one with the most upside on a good result.

IG the only way it won't rise is if the drill doesn't happen. Youvve repeatedly said you think it will.

I would imagine once it's live the SP will do 10-20 percent immediately. Because the drop is a result of concerns over things not foing to plan.

IG you know full well people always sell below their publically stated target. It's only the naive that hang on for these ridiculously inflated price targets. My strategy has always been to sell at about half the level people were targeting previously. Here that would mean mid to high teens. As long as they drill, this will rise. I honestly can't see how they won't drill, since all those IIs - who have much more influence than any PI have presumably been promised this drill in return for their significant dilution. The management is no doubt inept, illustrated by the fact that they have managed to inspire two separate sell offs since the placing because of communicating unworkable timescales. However, they need this drill to go forward, so it will. I think Loz is pretty accurate in saying the drill will probably be mid August. I also think his target of mid to high teens is quite likely. As to the 30p+ nonsense, it may well go to those levels if it hits the deeper targets,but I certainly won't be risking my capital at that point of the drill. Buy in now, holdfor a few months, and sell before any significant risk, which is probably when the first layer is hit. Leave the dreams of a 5+ bagger to the herd who are sure to arrive once the drillbit is spinning.