Member Info for freshair

Any placing is the last resort and I don't think we are there yet, not by a long chalk. If its "confirmed" that Serenity geologically is part of Tain, Repsol might make a cheeky bid but as we know, we have ii's who paid 35p and upwards so we should be safe from any give away.

Don't think the sp means a placing; as was documented yesterday the coronavirus is affecting the markets. The market is just trying to pick up some cheap stock; ignore the sp. We should have positive news within two/ three weeks. If things go right a lot of money can be made here. I'm not talking of Lib west just Lib one and Serenity. We need some meat on the bone and these two can give us that.

I wish these directors would just say nothing and keep their heads down. Yes, they said 60% which takes some believing when the average for the UKCS is 43%. Not impossible of course, but with their track record they should put the Serenity CPR on the table before anything else.

Thats the whole point RRe/ Repsol don't have to farm in; they could offer peanuts for Serenity and nothing for Liberator.

Strangely enough, I also sold Pmo to fund an average down . You can't really average down when you hold a lot of stock; it hardly makes an impression to your ave sp. I hold 539,375 shares @
0.29282327p. Yes, I also look at the 35p paid by ii's but no doubt they will average down in a cash raise and the i's will just have to hold on. We should be alright with Serenity if the bod can manage to tell the truth. We should still seek funding to prove up Serenity rather than a farm out from a position of weakness.

They haven't found 200 mmbls at Serenity. They believe they have 197 mm bls of Stooip; they are not reserves. Recalibrated their seismic after the A2 debacle; we hope so. They are making the case that Lib West could hold 400mm bls. All lth's will hope so. Hanging on to your shares, good for you.

Thats the trouble , I don't think he is an expert. The only person choosing a drill sight should be a Geophysicist . i3 Have wasted money, its a simple as that. They did a drill when the seismic wasn't clear enough. I don't believe them, it was just sheer incompetence. What happened with the A2 drill? They gave us a load of garbage about how confident they were. I'm certainly not relying on their expertise .

Monmur, My first trades were at 40/41p if it makes you feel better. Their will be others in at over 50. We all have to hope that Serenity come in big time; decent farm in etc.

I think we'll always get funds; its at what cost/ dilution to the shareholders?

That means nothing! We need to prove up Serenity first by appraisal. The Bod cannot go to RRe/ Repsol without real proof of Serenity's size and does the appraisal show Tain and Serenity as one? Look at i3 's. history and ask why the sp is where it is. We need Serenity to be an enormous field to get some credibility back.

Where have they asked the OGA to have it declared as one field? I don't see that until an appraisal is done

I hold 539,375 shares. As long as we get funding we'll make money . Not all Aim stocks have the
support we have from the II's. Ignore the garbage that some are posting; they have a problem.

The sp won't do anything until we have confirmed funding; probably a couple of month. Just hold and wait. Ignore people who have previously held this share but keep on posting negatives about the company.

"They are planning to drill a single production well instead of phase one development." Yes, it was also emphasised on the video, smaller development; smaller cost.

Yes it has to be collaborative but if RRE sit on their hands, the OGA would have something to say.

I agree, sold 90000 this morning on sell off, but left limit order which fired at 14.67p and bought 91924 at better price. Paid more for some this morning 0.179/0.178 but importantly it brought down my average from 0.32. Things didn't work out for us as we expected this morning but I still believe Serenity is worth a lot more than the present sp. We just need the Bod to get their act together and hope they aren't exaggerating.

MM's will screw every buyer tomorrow. They will keep trade sizes down and lift the sp every time you attempt a trade. I will try and average down but if it pulls away not much point.

I just don't understand this talk of shorters. I've never known Aim shares to be on loan. I've always understood the likes of IG offered their punters the opportunity to go short the stock and IG would take the otherside of the bet. Nothing more than that. Same with options; only big companies are optionable.

I just bought in when the sp spiked over 50p on Serenity. I got some on the way down at 40/41p etc. Don't know what's being said on twitter but want mention the price pattern. Something similar happened when people paid more on a "normal" trade after the closing auction, but the next day the sp reverted back to the UT price. Thats my only worry. What really happened is that the Serenity drill was removed from the sp. We now know the 35p placing has been confirmed so I expect a good Monday/Week.

Selftrade have mid at 18.25p