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BX - My paper losses are double that at Sound and nearly cost me my marriage. I have none to blame but me, but James Parsons tenure at SOU was shameful at best in my opinion. I was at the Gherkin when he made a speech about golden tickets, and legacy for our families. All great stuff at the time but I wince when I think of it now. I thought SOU was in a totally different place when GL took over, then I see his attempts to buy Angus an I despair again !!.. I do think both Echo and SOU will come good in time but I am running out of years..
To be perfectly honest, I do see this as a good investment its just frustration on the time it is taking and the lack of PR from the company. I think if it were to hit 20p, I would walk away but realistically that is a long away away and I cannot loose the money I currently see on paper. !
If we do not see a significant up tick in the share price in the fist half of this year then the signs are for all to see and I will be out at a significant loss. At present, I am giving MH the benefit of the doubt, due to his track record at Rothchild's, his connections, the job to steer us though tough times. However, investing is about making money and I have not seen any return, in fact I am running at a GBP100,000 loss !!
With new gas contracts on the horizon, testing of the CL to take place and sustained high commodity prices, if this first half returns nothing then I will never ever invest in an AIM stock again..
My only rationale for this play by SOU is to establish a foot hold in the UK market. We have already seem major shift by the UK government over the past couple of moths regarding energy policy, they are already talking about allowing fracking again.. I think they realize that we have to go after what we have rather than import which makes us vulnerable. Maybe it would give access to additional funding, maybe someone at Afriquia Gaz has big pockets and want to invest. who knows but if we know its not investable, then what do the BOD know that we don't?
50% of the PPT New investor presentation is dedicated to the renewable deal. Which according to MH is not a commitment yet, and will only produce 3MW of power, I don’t get it I really don’t. Now that Covid is starting to diminish, I wonder when we will hear new about the CL test. I don’t get the delay, never seen this before !
I think we can all see and agree on what a horrible person he/she is and shows he/she knows nothing about offshore survey or drilling for that matter. There is still an outstanding survey to ensure that there are no geological or other obstacles in place around the area where the drill bit will finally spud. It has not been completed due to weather constraints.
This is required in order for one of the permits to be signed. Gazza quoted- 'this is a survey about the size of the waves ' I have finally stopped laughing at that one, you utter BE..LL end you know nothing and despite your shouting from the roof tops that you have been invested since 2016 means nothing.
I did advise you yesterday that it is sometimes better to keep quiet and have people think you are intelligent, than to open it and remove all doubt. Well, we all have no doubt that you are not a nice person......
RT003, I am no troll, I am only responding in the same way I have been spoken too. I called you out BIG TIME as you made reference to the fact that you had a good friend who is on the inside. You also prompted to tell the board that an RNS was due, 'Nailed on with rivets' was what you wrote, Verbatim, and it did not materialize. Now if that is not wrong then I don't know what is. I am a significant investor of EME, have been since they got the license for the Jade prospect. I know quite a bit about drilling, but I am frustrated. To say that I know nothing about EME is so way off the mark, I have high hopes for this prospect but as someone with significant skin in the game, I am allowed an opinion. People, be warned, RT003 is a devious ramper, plain and simple.
Gazza, I have been on the Oil & Gas business for 26 years, so I know what I am talking about, if I didn't, I would not be invested in EME..
And for being ratholes lover, whoever that is or whatever that means shows you are a bit of an illiterate fool..