Member Info for Hms687

Ralladv2 - supposing, just supposing - that the company are good at nothing except exploitation and fraud ?

How much money have they raised so far ? How much of this has been actually used directly for production purposes ? How much of it has been drivelled away in no sense admin and management fees.

Have they as yet produced in any new oil ?

Just keep an open mind for all eventualities - that’s all I’m saying.

Ralladv2 you keep rattling off the various bopd figures and I’m sure it can be helpful. It was useful to me too in the early days and I occasionally indulge in such calculations myself.

But frankly, I’m really not very interested in actual production numbers anymore - it’s more a question of WILL ANY be produced given several attempts have failed. So even if in the next month or two evidence of even just 100 barrels production - I really think the SP will immediately hit the sky. But will any oil be produced or just one more failure ?

As you say, even a small amount can bring some very healthy returns and I think that’s what many are doing now. But not many people with the smart money.

Is it tge opportunity if a lifetime; or as some would say “ throwing more bad money after the bad” ?

What happened on Friday as there seemed to be volume of some one third billion shares traded ? A bit more than normal I’d say.

Was it just some short position closures or something else ?

Other than some choice words about a couple of the posters on here, he essentially declared the right royal shafting of private investors by the bod - btw I totally agree with him on this latter part

Sheephatch : I appreciate Whitenight used bad language to describe a couple of people here - but having his post delayed is a bit childish too in my opinion.

However, the more important thing is that he was a very rare person on here that boldly gave a counter view of the company.

Up to present, there has not been a single person that has come remotely close to matching his share predictions - of that there is not the slightest doubt

If one dies t like another just place them on ignore - getting posts deleted is a bad injustice to the rest

I had kinda expected sp to fall to around 0.0045p or lower but it’s holding. Even if the churn of the latest 5.5 billion mates giveaway shares are not done already, can’t really be much longer.

So anyhows I have topped up a little amount.

NB : it’s still a bloody lot of money but I always invest only what I don’t need back in a hurry ie as if I’ve lost it down a hole.

Fifty Fifty we might end up seeing yet another raise judging by previous experience competence/ fraud.

But it is what it is I guess

From the information provided I’d go for about 7 put of 10 success.BUT, a track record point of view I’m only comfortable to say about 2.5 - at a push.

But I hope m wrong

Or is it just short selling ?

What is the overhang ? Current price is the lowest it’s ever been.

Or is the overhang / to do with any freebie shares given?

Ok, just to break up the gloom. IF and it’s a VERY BUG IF we hit oil than :-

7.2 mill barrels of 2c oil.

About £82 per barrel minus £19 p barrel costs ( approx £60 straight profit)

£60 multiply 7.2 mill barrels = £425 M

IF extraction is 1000 barrels per day :- 1000 x 365 days = 365000 barrels per year meaning can extract this amount for about twenty years.

Let’s say each year they reinvest about 30% to develop Erfelden and other sites ; 30% dividends; and keep rest to improve share value.

I’d guess share price could then be anything between 1pdnce and 10 pence within five years - not to mention all the dividends.

As I keep saying; it’s Monte Carlo or bust.

Next quarter is absolutely crucial for all of us.

PS : it’s weekend and I post thus for a bit of fun, please don’t get carried away and absolutely dyor. There is still a fair chance we all become penniless if the company folds before producing any oil.

What the gell, I’m a big big Leeds United fan and although teetotal I’m feeling a bit giddy today after todays results

(As we say ) : Marching on together

Ralladv I’m actually with you in wanting g to come good with this, believe me I am.

But didn’t we feel it was easy when the SP was about three times what it is now. Didn’t we feel it is easy when Leslie Peterkin said to put the champagne on ice ?

Nothing is easy or straightforward in this game.

But yes, in terms of risk reward well worth a punt at this level if you’re not already in.

But golden rule : Only invest what you don’t need back

Duprophet, you may have noticed from my posts over the last couple of years that I am already in, well in, holding several million shares. I even did a top up yesterday because as you rightly say, it won’t get much lower than this share price wise.

BUT even if the SP was literally a few peanuts per thousands of shares - it won’t matter a jolt if the company goes into liquidation ( unless you’re a special type of shareholder - secured)

IF it goes into admin, we retailers will probably not see one penny if our money back as priority will go to others.

I don’t mean to play doom and gloom but I really understand that most on here are honest people . I wouldn’t want you to go blindly into anything without appreciating potential risks.

FWIW, I’m slightly more than 50% hopeful of achieving Monte Carlo rather than bust. IT IS going to be one or the other.

My optimism increased a bit after yesterday’s presentation. Would increase much more if any finance world experts publically commented on it too.

Good luck all and as always, DYOR

What I do agree with is that this potentially a ten bagger - from present levels even a twenty bagger. And that’s even without the overhyped thoughts given by Larry yesterday about other drills. They do apparently have 7.2 million barrels 2c oil and something like 26 mill of the other kind.

But will this company - our company survive administration before we get there ?

Yes risk any pocket money you can afford to lose but I personally would put the champagne on u e again just yet.

“should it fail again” - blimey, perish the thought. Can see it go into administration - can’t be ruled out.

As yet I don’t really see signs of confidence from big institutional investors nor the board.

Let’s all just hope we get oil this time.

It’s a case of “Monte Carlo or bust”

The main thing about yesterday’s presentation is that at least it’s happened, and then as a couple instead of the usual one man band written statement by Larry. Still no visual sight though of either - I don’t know why.

Essentially more big promises of potential and no real explanation why they have failed miserably so far in terms of jetting , choice of workman, or even the general running costs. Presumably zero bopd for now. We still have a fair wait to go.

Finance wise I note they have £4.2 mill in clouding the fundraise and including costs, I make out about just over £1M left spare. So absolutely no room for any more errors otherwise more financing and subsequent dilution.

But, on the plus side, at least they’re implying they understand the severe gravity of shareholder dissatisfaction - maybe they’ve listened to the likes of myself and others that may have contacted them directly.

I again DID make another small top up on the absolute understanding that I have to accept I risk losing it all.

I really do hope the promises finally finally come through.

Sheephatch I’m teetotal and 2. I completely agree.

My aim would be to at least get some of you thinking what utter corrupt bastards these people could potentially be.

I guess the proof might be in whether or not their next pie in the sky attempt is successful. But I suspect we will instead receive more JARGONISTIC and technical explanations how it has gone wrong again.

But as I said, I hope I’m wrong.

Sheephatch - I’ve been investing a long time and thankfully have a basket which dies t just involve investing in shares but other things too.

Of course it’s ok to hold even because my money in is more than what it’s worth now - the passage s loss us only a loss when you close a position. Secondly, Beacon has failed( fraudently or otherwise) but still they are claiming that will be successful - I owe it to myself to give them and me a chance instead of selling at a now significant loss.

My patience us enough to at keast await the outcome of their latest lucky dip via a side still - though I’m not holding my breath.

Try he tv hung is; I only ever invest what I’m financially able to lose every penny. Fortunately I have no pressure but hopeful at keast others may benefit from my personal opinion.

My two standout advice is always to :- 1. Invest only what you can afford to lose; and 2. DYOR

It’s not very often I agree with Mr Professional but I am now starting to see his point “ I have said it before: they sold us this apparently brilliant cashflow generating asset for little....why?” - I know and remember you saying something like this a long time ago too.

AGAIN I DO HOPE IM WRONG, BUT :-

I fear that this company has in large stages (fraudently) taken money off us smaller investors for no more than running costs and FAILED drilling attempts. Running costs includes handsomely paid expenses to tge people at the top and their friends.

HOW HARD CAN IT BE TO DRILL FIR OIL ONSHORE ? - the advantages of drilling inshore is something highly publicised by Larry and co themselves in earlier days ( since which time they physically disappeared from public sight).

The proposed “side drill” would appear to be the latest ploy - SP will drift down next few weeks before suddenly we’re told of something going wrong with that latest plan as well.

But I hope I’m wrong as I’ve said - I just thank goodness that overall I’m not all invested here.

Professional has been half right in this one and frankly, the only other chap to call this properly has been Whitenight. Only problem is he just makes shouts without even attempting and justifications- just calling a share a fig is not enough. I suspect he is not as daft or idiotic as he seems and probably privy to some inside knowledge.

Not really sure of any deep implications but it seems Tulip Hikdings control now reduced to about 23% from 31%

Delay after delay after delay. Raise after raise after raise.

And whatever the levels we came in at is now just a speck in the clouds and our shares are worth nowhere near as much.

Yes, it’s ok if finally the oil starts gushing up - BUT WILL IT ?

Advance REALLY IS the same company as Beacon. Between these two, we have been promised large amounts of oil for what three years now ?

I’m starting to think we have been fraudently misled and all we might hit at the end is some kind of brick wall - in simple words, company gone into liquidation and we’ll be amongst the last to get a penny back.

I hope I’m wrong, i desperately hope I’m wrong but firm tells me the side drill is another play and something else will be pushed in our faces in a couple months time.

I’m sorry, but I don’t like to suffer fools