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I guess the wise (meaning those who know the industry well) topped up this morning?
As a non oil man, I was at first dissappointed with the RNS today. However, thinking through and researching all that I can find, confidence is ticking Up along with the SP. Sand grain size and permeability discussions make perfect sense.
I do wonder at the games that are played though by management. For example why say "fluid flow rates in the thousands of barrels per day.. " When they could have given more precise max and avg flow rates?
Anyhow, folk got the update they wanted. The SP should tick up a bit as more ppl absorb the inference in today's info. Looking forward to more.
I bet there was a bit of good ol slugging going on down that hole!
Good luck
GS
https://www.thearmchairtrader.com/baron-oil-share-pricetimor-leste/
A good summary attached.
GS
I already bailed too early on Thungela this year. Holding this time as I have never been so lucky to be invested at the lows on such a promising set of circumstances. Stars aligning. HFB is a star. Fancy a run at PM?
GS
08.19
Nah. The spike isn't for another few weeks. Around 35.0p I reckon. :-)
GS
Boris! Boris! Boris!
I knew Cheesewoman wouldn't last.
GS
A hundred bagger at 9p for me. That's my target. May get some more tomorrow to help the stampeed. :-)
GS
It's a sign folks. The Quokas are back. Load up.
;-)
GS
Seen on twitter from our team.
https://twitter.com/MobileStreams/status/1582643975600492544?t=ftNUxOmO6paHiY_Bp2aHSg&s=09
Apologies if already seen.
GS
Hi guys and gals. Must say it is looking rather good for a decent run. Top marks and well done for holding everyone. Wish I could afford more. Drat!
GS
Thanks Mark. I guess you know that a new company has been set up? Motif Bio Services Ltd
https://find-and-update.company-information.service.gov.uk/company/13924547
The purpose of the company is seemingly to take on the remnants of 'the asset' that was rights to any income that may come from either a sale of Iclaprim or proceeds of sales of the drug that amount to anything above 'x' amount. Difficult to say what x might be as there are wolves asking for loans back. And no sight of any buyer or developer stepping in yet.
Last I heard is that they would do the right thing in distributing income rightfully to original shareholders should it ever happen. But I certainly wouldn't hold my breath. The problem is that we need a true representative of shareholders on the board of the new Services company to ensure that the ceo of the new outfit does not stray from legal boundaries. Which I fear, through lack of communication, may have already happened, even if inadvertently.
Just my understanding. Happy to be corrected if anyone has other info.
GS
Lorna. Stupid spellchecker!
Lorraine is set to another presentation in Oct which we are all at liberty to attend for £15, which may be the same as just presented.
https://www.pesgb.org.uk/events/pesgb-evening-lecture-oct22-online/
GS
They way I read this is that it is a massive endorsement of NFTs worth in society specifically in Mexico. I am just looking for ‘word on the street’ IN MEXICO. You decide if that’s relative to MOS my friend. I do think it’s relevant as the whole NFT world is still infantile, like a lot of posts. No?
GS
Are you Mexican ?
…emerges.
https://mexiconewsdaily.com/news/mx-officials-to-investigate-collector-who-burned-kahlo-drawing-nft/
Makes you wonder what sentiment is like in Mexico about NFTs. Any Mexican nationals on LSE? Like to comment?
GS
Yes, thanks HFB. You are indeed a fountain of knowledge for us mere speculators.
I thought the hub discussion needed explanation to us lay folk, so I found this if it’s helpful to anyone.
https://www.sciencedirect.com/science/article/pii/S2352854017302036
Exciting times, especially when the markets are throwing a wobbler.
GS
What was the post below Mark? Doesn’t work now.
Yes. Just this year. I've made money on 88e and riding a stash of free shares. The thing is, Dave Wall left the company. Strangely maybe I could read (or got lucky) when he was around. Since the new guy took over, confidence, direction and strategy is sadly lacking. If they thought they do the lifestyle crap out of 88e, best think again.
Seems to me everything at present is hinging on our neighbours success now. Decent geologists will have a fairly good grasp of what it might mean for us. Some say bugger all, others say different. Who to believe? Do we let the BoD ride us on false hopes or earn their dosh with good science, presented without spin?
GS
Appreciate your response guys. Rather grateful for not having a shed load of negative responses.
I'm sure writing to the BoD to underline investor concerns is always worthwhile. Their team is relatively small and maybe, just maybe, there are actually some sound strategists worth listening to from these boards and the wider investment community.
I think I have decided that I will question their every move directly via email and would encourage all share holders to do the same.
Got to say I've been extremely dissappointed this year with 88e. We deserve better. Fingers crossed we get it soon.
GS