Member Info for glasgowpunter

Sorry about the spelling in my post there. Happy Friday in lockdown Scotland :-)

Totally agree with the dividend, as that’s how the bod have let down shareholders over the year. The massive stone found and sold for $46m should have been filtered back to us shareholders. Going forward price should double from here in 2021, and when it does will think about selling, if dividends are not a realistic. It’s a massive shame, but to many fingers getter their cut in profits. All this is just my opinion:-)

I’ll never understand why RNS’s are not released after every large find. They stopped this in 2018 as they were finding too many ‘large ones’.

A 162 carat high quality diamond recovered at Letšeng on Monday 7 September 2020, the eleventh +100 carat diamond recovered in 2020.

A 143 carat high quality white Type II diamond recovered at Letšeng on 5 September 2020, which follows the recovery of the 442 and the 233 carat diamonds and highlights the strong operational performance at Letšeng in these difficult times.

From GEMD Twitter: A 143 carat high quality white Type II diamond recovered at Letšeng on 5 September 2020, which follows the recovery of the 442 and the 233 carat diamonds and highlights the strong operational performance at Letšeng in these difficult times.

It’s all these local projects that they do to help the locals out, like building a police station, if my memory serves me right. Could understand if the share price was going up and paying a dividend to us poor shareholder, but it’s times are so hard keep the money in the business IMHO

Message from twitter - A 105 carat light brown type II diamond recovered at Letšeng on 18 May 2020. This follows the recovery of a 208 carat diamond of low quality in the previous week.

Once Wressle is online it’s down $30 a barrel

I would say Inishkea is the exact gas supply Ireland requires and they need it more than ever with this brexit saga. It’s not EOG fault that some ‘minor majors’ got cold feet and don’t see this as they are looking in other areas. EOG fault is showing the market to much info for a share issue at the time (which the institution investors demanded). Dunners, there are many of people invested in EOG (including yourself...) and the last thing shareholder want to see is a ‘lol‘ and told you so etc etc, when we are down 25% on the day in the first 30 mins, never mind shareholder that bought this at the highs of 48p many years ago. It’s common sense just to keep quiet and watch what happens. Just my thoughts :-)

Just quickly as out and about. Worth £2m a year to EOG. We more than double our barrels of oil daily and we are priced at 1.9p now so double that gives you just 3.8p. Lots more to do with this than that. But just a quick answer :-)

Bought some more there as in my eyes nothing has changed from yesterday. Was always hoping the FO would happen, but no way was that priced to go down 25%. Wressle is worth at least 3-4p when in production, so this will rise sooner rather than later and another company wanting to drill iniskea, hopefully come to the forefront. AIMHO :-)

Think most of us thought this might happen, but always hoping. Just glad Wressle came out before this, as gives the share price a base. Think the board have to start being proactive with the share price, but this should have been years ago. We have invested millions into Ireland with no guarantees anything would be ‘sold’. Very risky, but it is AIM. AIMHO :-)

Always going to be an issue moving up quickly with 445m shares out there. It’s a shame as before all the share issues this share was a really good prospect with just UK oil. That’s why Ireland FO is so important to us now. AIMHO

Good chance EDR are signing a farm out this week.

Well, that’s a great start to 2020 and starting to feel the positive vibes even on this board. Wressle is massive for us and so is the Irish farmout. If we can have that sorted over the next couple of months and drilling in 2021, well this is going to rocket up to the drill and beyond, if success... all good and AIMHO :-)

Big jump by EDR last night and this morning... could be looking good with Wressle appeal. Fingers crossed :-)

We all knew weeks ago nothing was going to happen before G.E with wressle. With the AGM over and election tomorrow who knows what could happen on Friday or the week before Christmas. With the rise over the last couple of days, I’m hopeful as always that good news, that all the long term holders have been hoping for, finally arrives. Got my average down today to 3.5p, so sticking with that to see what plays out over the coming weeks/months. I really do think this is to low for what could happen before next summer. AIMHO :-)

I bought EOG again this morning to take me to a nice even number, but again shows up as a sell for my 16520. How can we trust what ‘trade buys’ say as it’s as if they just guess by the price the shares ‘sell’ for. Surely they should have a more accurate way of showing this. So what percentage of sells are buys and vice versa. Just a thought :-)

GEMD board really have to do something about the downward slide in the share price. There is no bottom here, it looks like. For a company with so little shares in issue and no debt, we should never be as low at this for the turnover we have. Got to be the board’s failure with their dividend policy and no wonder major shareholders not happy with their stance. Also, with last years and all the large diamond finds you have to ask yourself where all that money went especially the $46m one. That’s along should have been worth 2p dividend, if dealt with shareholder interests at heart. AIMHO and all that :-)