Member Info for eldorado1909

I'VE been holding since 2014! I bought in at around 40p on the gusher and have still to see any actual significant profit, hence my comment.

Say what you like Colonel. But the reality is I made four good decisions most of the bb haven't. First was selling on the terrible rns at around 12.72p. The second was holding off buying back in arguing it would drop to support at 10p. The third was buying in at 10.06p, almost the lowest price anyone got. The final was selling at 11.5p when it became clear the recent rise was just another fake rally the likes of which we have seen over and over the last few months.

If I had listed to eternal bulls like you i'd have held myshares all the way down to 10p and would be currently sat on a heafty paper loss. As it is made a large loss on the day on the n-sands rns, and clawed back around 25% of that back with my "penny trade".

Say what you want, my decisions have been the prudent ones. It remains to be seen what comes next, but I expect more pain in the short-term.

Like i've always said, AMER will come good in the end, but you will need to hold for years, perhaps 3-5 to see the kind of returns people on here talk about seeing in a matter of months.

You guys sound just like the people back in 2014 who said on this bb the fact that the project would still be profitable would mean the SP would be solid - just before it dropped from around where it's trading now just after the Scottish referendum to 10p.

You clearly haven't noticed the pattern here has been for the SP to go down with oil prices but not move an inch when they rise. Why? Nobody on the bb knows, but you would be a fool to ignore the pattern with oil in freefall in a market as risky and unstable as the AIM oil space.

Famous last words of an AIM investor. The share price is without doubt cheap. But can it go lower, thats the real question. With the poor current macro conditions combined with a very very poor 2018 drill campaign I say yes. I don't think the movement to quarterly production figures will help either. Just my opinion.

And yes, I sold out at 11.5p after a profitable trade from 10p, but only returned about 20% of what I lost on the n-sands RNS day.

Like HUR is doomed with terrible luck. The first drill in 2014 coincided with the start of the first oil price crash. Now the company is months away from first oil its in freefall again.

To be blunt, and I know no one wants to hear this, but with oil in freefall this isn't a buy again until it breaks through 10p. If we see a repeat of the 2014 oil price crash the incompetence of this lot could see the only positive - cash generation - cut significantly or even completely gone. They had a perfect opportunity this year to make hay whilst the sun was shining. So far they have drilled one hole for 600bopd which doesn't even plug the decrease in production which has occurred during 2018. Doesn't look like much more than indico-1 is going to be completed in 2018. Anyone holding needs to pray oil bounces or indico-1 is a gusher. Look at how ophr - which like amerwas already ver undervalued - has tumbled in recent days. Amer is yet to catch up, but it will. Not a time to be in oil explorers and producers right now unless you're betting on a reversal in the oil price.

Being tested again. If it holds a recovery to 400p should occur imo. It's a sell if it breaks below 340p.

And I told you at the time I don't risk capital on a coin toss - which incredibly is what this is now, djeno or bust (didn't have to be this way at all). In retrospect the post placing hype from 9-12p was where money was to be made, which I did, when there was little risk. To me this is way too risky to actually risk anything substantial on. Maybe a £500 punt on a djeno multibagger. But in all honesty you may as well put it on a roulette table, because with the problems, the death spiral funding, if the results are disappointing its going bust. Like I said. Incredible they've managed to mess this up to this extent. After the placing it looked like an open goal, or as close as you get in an oil explorer.

To see people - including itsgambling who was deramping all the way down - try and put a positive spin on this RNS. This year has been just one case of incompetence after another. They did an enormous placing which was supposed to fund the whole drill. Then drilled a hole which had to be abandoned, lengthy delay, death spiral financing, now another delay. It's breathtaking how they've managed to mess this up so much.

I don't really see what I've done to not act with integrity tbh. I have given my opinion - that this will probably rise for colter but is too risky for me in view of the lack of substantial rises this year. I gave a similar opinion in the aaog twitter group at 12p and got kicked.... In retrospect was that a lack of integrity if it meant someone was a little more realistic about the return and banked their profits. I'm not saying this won't continue rising, if it goes as it has before it will hit 5.5p. But I'm extremely conservative at present because of what a crap market we're in currently.

The AIM / smallcap oilspace (I know this is technically main market but it makes no difference the same people trade it) I'm not singling you out loz I have followed you on here and know you're a genuine trader - not investor - you attempt to play swings with a target from what I can gauge your targets were 280p in jog and 17p on aaog. Like everyone youve been disappointed with the lacklustre performance of small cap oilers. I'm talking about the people that surface everytime this hits 5p and start promoting it. From what I can gauge these traders play the top half of the rise, I try to play the bottom half. It's the people that play the top half and ramp at the top who lose people money. All I do is say on twitter when I think something is at the bottom (i don't always get it right) then sell once I've gotten a ok return. I guarantee a lot of the people who say they are long term holders are actually just hanging around the share trading it up and down, they're just not honest about it. At the end of the day we're all here to make money, not to make friends join a cult.if you only like positive opinions i suggest joining a twitter group, you get kicked out if you say anything negative and they become echo chambers, much like this bb.

Re courtesy, I'll repeat, this place is a snakepit. I just give my opinion, thats all.

I posted about uog yesterday on twitter just after I bought 220k, 120k, 50k and 50k at around 4.42. Think the 120k might have been 4.43 or 4.44. I generally don't bother much with lse because it's just so full of ramping. You know that I called jog right ealier in the year, it hit 170p and if you followed me on twitter you'd know I sold aaog at 12p you know from the bb i bought it at 8.9p. If it wasn't for my amer disaster I'd be like 50% up on the year.

Ok. See you next time it hits the bottom. Next time I arrive on the bb you can take it as a buy signal. ;-)

Bad form to simply state your opinion? (which proved correct) from my perspective the bad form is those that ramped at 5.5p and lost people money. Anyone who followed my trades on UOG would have made money. This will probably go higher on colter, but i'd prefer 10% for risking my capital for 24 hours, than holding for months for a rainbow which never arrives with all the risk that entails. And what happens if there is a delay, as there was with jog, or worse, a disappointing result as occurred on amer. My 10% now and 20% earlier in the year (4.4 - 5.5) will look pretty good, wont it. Really is funny people on lse talking about bad form. This place is a snakepit. "company making asset portfolio" You do realise that that is just rhetoric spouted by traders who play the swings on these smallcappers? most of these companies (>90%) go from one diluting placing to another shafting lths who are sucked in by the hype of stock promoters. I can remember swing traders from 2014 who started with next to nothing who are now millionaires, and lth who sat in companies like CHAL, OEX, MXO etc. dreaming of 20 bagging who are now potless. Go look at the share price of each today. Not giving any opinion at all on the long term prospects of this company, but what I can say is the vast majority of people who "invest" in them rather than play swing trades lose money. If you want to muktibag you're much better investing in a much less exciting but much less risky growth stock, which does not depend on what effectively comes to to a coin toss. You honestly might as well play roulette than hold through a drill campaign with an oil explorer. I had an argument almost exactly like this with someone on CHAR earlier in the year. Those that played the swing from 8-12p did well, those that listened to promoters screaming buy at the top of the spike are currently holding shares worth less than 3p. I should probably stop pointing out the obvious on lse, because it only ever results in getting abuse from people in love with the company.

Plenty of time for a recovery from the profit warning between now and the next election. And it's not like its something which will happen so fast you can't react by selling out. No PI's holding is difficult to sell on a FTSE company.

50%? Had a bad trade from 14p to 12.72p earlier in the year after they released a badly worded rns which caused a sell-off but subsequently traded it from 10.06p to 11.5p clawing back some of my losses there. My mistake with Amer was opening a position way too big (75% of my portfolio) which wiped out 50% of my annual gains that morning. Never lost money here. Like I say, it trades like clockwork. People buy into "the story" in the 5s then they place and it drops back to the low 4s. Its happened twice already this year as well as the selloff on the long awaited and expected seismic rns (which I unfortunately missed buying into as I was invested in "the story" of amer) Moral of the story. Don't get caught buying into a "story", just trade these ridiculous swings. The "story" almost never come off with these small cap natural resources companies. Look at aaog or jog this year for evidence.

continues to be good to me. Traded from 4.42p to 4.82p in the space of a day. 10% profit. This runs like clockwork between the low 4s and 5p. Only ever made money on it.

They should all be jetisoned, and replaced with someone who knows how to write an RNS for the AIM oilspace. I'd think if they continue this slevel of ineptitude eventually the IIs will start applying pressure for changes. The "duster" RNS in of itself is enough for a sacking. It wiped £20-30m off the share price in one morning, and cost me over half my annual gains in AIM.