Member Info for ForrestGump

Biden gifts Russia Nord Stream 2 and the Russians agree to flood the world with oil so that the Fed isn't forced to raise interest rates. Interesting!

Biden gifts Russia Nord Stream 2 and the Russians agree to flood to flood the world with oil so that the Fed isn't forced to raise interest rates. Interesting!

I'm likely wrong but it looks like someone might be buying just to get us noticed. Methinks an RNS is a better way of attracting the herd.

Just waiting on the drill bit to prove up some of these magnetic readings and it will be boom time!
GLA

944T. No need to worry about Goingtothemoon, he's caught the youtube vlogger bug and looks to be spending a lot of his time making videos under the name "DrDoubloon". I reckon he'll be back in the fold when the good news starts to flow.

Hi 944T. You are a man of honour - more so than me. Thank you for letting us know that you've changed your position here. Ultimately, share dealing on AIM is a tough business, so who can blame you for reallocating your funds? As for me, I also averaged down, a little, but I'm afraid that I didn't tell anybody. That said, I still hold 8M shares and have no plans to average down further - I intend to stick with my plan of holding until we hit 5p and above. I'm also intending on increasing my holdings when positive, concrete, drilling numbers start flowing in. My dream is to hold 12M shares - but I'm not going hold that many until the stakes are lowered and we've de-risked our projects. The spaceship has stalled on the launch pad, but we're still on track to Go to the Moon!
ATB FG

SHC. Thank you for your response. And for someone with far more skin in the game than me, I wish you well.
ATB FG

SHC. I very much respect your views and opinions. However, divulging that, in your opinion, the company believe the the majority of their PIs to be a bit thick, might not help LTH confidence or loyalty. I don't know much, but I read up on companies and their industries and products before clicking on the Buy icon. I'm assuming that most people willing to risk a few hundred/thousand pounds do the same.

SHC. You might well be right about the FOMO effect. However, that will require a campaign of interviews and investor events promising a "wall of cash". I bought into I3E back in 2019 because of such promises, only for them to hit a couple of dusters. Placing most of your eggs in one basket is risky. My feeling is that we might hit 10p just before the results of drilling, but I'm not expecting any "sizzle" here until after the gas starts to flow.
ATB FG

As I remember it, there were a lot of angry shareholders who vowed to jump ship at the earlierst opportunity. Methinks of few of them, and maybe a few day traders, have taken the money and run.

StarBright. Is it so bad if a company purchases assets from questionable sources? You see, I'm in an oil company where at one point I was down about 80%. It then took over a company owned by the CFO's brother. And what do you know? It saved the company's, and my, bacon. I got all my money back, and more.

You might well he right in your accusations, but I for one don't care. As after all, business is business.
ATB FG

Not quite sure what's happened to the message board. Looks like the moderator has deleted a few comments. Anyway, good luck to Napthman and hopefully a few of us Alien LTHs will share a pint or three of Dom Pérignon in the good times to come!
GLA

No. I was being serious. Hopefully, less is more.

I've only been here about 18 months. But treating us PI's badly might be a good negotiating tactic. RY has offered us nothing except the carrot of the ever-delayed TEO. So technically he, and the BoD, are beholden to no one. That should, IMO, make them a tough JV/takeover target to crack.
GLA

Daz. You are the expert and I know nothing about this a company. I just look at this as a bare-faced trader, and think in the short-term the share price will spike - after that, all you predict will likely come true. I'm expecting the share price to rise this week, to at least 0.6p, but after that......

I might well be wrong, and often am, but reading between the lines I'd say many investors/traders have jumped ship hoping to buy back in at circa 0.36p and are hoping/willing/praying the share price down. Unfortunately, the share price appears to be all about the mining licence, and it ain't been approved yet. So I'm expecting to see 0.6p before a prolonged downtrend.
Good luck to those who loaded and haven't, completely, folded.

Worzel. I have £5k of KAV in my ISA. I wish I'd put 10 in there! Too late now.

Lastly, I know negative rates is free money, but I think the banks will stop borrowing. There is already a massive contraction in credit for the masses. How long before this hits companies, who knows? Apologies for not posting, my likely incorrect, musings in several posts, but I'm currently walking around. Anyway, that's me done.

And sorry, to answer your question. No, I think actual interest rates will be negative and inflation will be allowed to rampage.

smiller. Governments are massively over borrowed. The BoE and the Fed can't keep giving away free money. Raising interest rates, to even as little as 3%, will cause a massive recession the likes of which we have never seen. I could very well be wrong, but ........