Member Info for Gruyere

Never in the field of human investing was so much written by so many to few effect... (with apologies to Winnie)

Look at the value shown for each batch of 14 - so that's what they mean by a penny share!

Put into perspective the 'big sell ' is still only 47m out of 13,370 million -ie 0.35% So far today 99.4% of shares have not changed hands. So nothing to stress about.

Repeating I voted NO but I had better give a figure in case someone is going to tally the votes - 132,107

Personally I've decided there is no merit in dithering - voted NO on iii.

Maddog - I agree, likewise a small amout 130,000 shares but will also be voting no. The price was quite deliberately lowered by huge volume selling precisely on the date they have calculated the 'premium' on. Its all easy to see here on LSE by looking at the share chart volumes.

Thank you for your analysis and opinion. Fascinating.

Thank you for your calm and considered reply - but yes I am aware that Galleon hold a large chunk and as it happens still think that the performance was less than stellar and joined them in voting against the remuneration package and the Chair of the remuneration committee. It's called expressing a personal opinion which clearly you don't agree with - which is fine.

Another whacking vote against the directors remuneration scheme - and yet again the board will seek to understand...blah blah blah. Understanding isn't too hard really so let me try and help - you have no special ability, the results are hardly stellar but having boarded the gravy train you don't see why it shouldn't run and run.

Someone taking a punt like the rest of us knowing that it should hold 13.5 as worst case.

Who says I don't believe it or at least hope its true?

AIM Oil and Mineral producers' announcements are usually scattered with terms like 'possible, anticipated, expected, forecast ' etc and they have little other choice because there are few 100% certainties and many ways the plan can go wrong - the drilling of this well being a case in point.

I merely said, follow your own instincts and DYOR.

If you look at the Thread dated 10th Jan also started as BCE by Sheephatch you will see that I have followed my own advice the final line omitted from when I repeated it being

' And I've just added - which is not a recommendation. GLA'

Friend Sheephatch, I have no problem with as you pointing to yet another AIM oily especially awith the caveat DYOR, however as it is a new thread allow me repeat my last post which I think is universal when it comes to any AIM 'great opportunity'....... but good luck yourself.

'How many AIM oil minnows have been or are still like this?. The potential to lose everything or at least see your investment diluted to the point of pointless is very real - and trust me I have long experience of such matters. So at the end of the day its a punt - If you think the well might come good then you pays your money and takes your chances, just bet what you can afford to lose.'

How many AIM oil minnows have been or are still like this?. The potential to lose everttyhing or at least see your investment diluted to the point of pointless is very real - and trust me I have long experience of such matters. So at the end of the say its a punt - If you think the well might come good then you pays your money and takes your chances, just bet what you can afford to lose.

And I've just added - which is not a recommendation. GLA

So these jokers signed a confidentiality agreement when....yep, 29th of June. And what an amazing coincidence - that date was when the SP hit rock bottom for the year. If I've read this right and I am fallible, that was just after the price fell off a cliff on the June 15th when the volume traded suddenly spiked for the year to 132million compared to the usual 3 or 4m. No RNS around then to account for that. Then, low and behold the comparative period justifying the increase the offer represented was the 6 months from the 19th of June...well well who'd have thought it.

Weird or what. Still no live price and no trading on ii - yet clearly market trades are being made.

I'm so thrilled. Never mind no production, no revenue, no profit and an overpaid management and sitting on a big loss - this certificate makes it all worthwhile.

Apart from companies in distress, how many do you know were offered a paltry 6% premium in a takeover bid? Worse still, how may boards have jumped at a price which may well have been reached today anyway on rising gold and falling inflation?

Really terrible decision and questionable behaviour. All that can be done by PI's is vote it down which given the proportion not with institutions can probably be achieved. I've waited long enough and not prepared to see such blatant carpet bagging succeed.

Ah well, there you are my buy is showing as a sell. Still that's a few more to vote against this derisory offer.

Agreed the buy/sell info is rubbish - LSE is showing over 6,500,000 sold and only 35,000 bought - I really don't think so.

On balance I think its a good deal, not least because 25% of Colombus comes just as its forcast to reach peak production and with a field life of many years. It is a bit of a volt-face as they were intent on exiting everywhere but Egypt including the North Sea. However this is not exploration but firm established production. How the peroceeds get used is another matter.