Member Info for Impecunious2

Those two buys at 10.18 and 10.20 are mine. I tried to do it in one transaction, but it wasn't possible.

And I don't have deep pockets.

These explorers are never connected to metal prices. That happens only after production begins.

Hi, Worzel

Thanks for this.

Best wishes

There's something odd about buying shares. On the one hand, it's selfish, every man for himself, sauve qui peut, the devil take the hindmost, etc. On the other, it's a collective endeavour, and there's a team spirit, which connects one to the management and the other shareholders.

I have no intention of selling soon, and much appreciate the messages of other long term shareholders.

"Singing their praises," I think.

The share price may not have recovered, but at least morale has. Despair never helped anyone.

Hi, Dr

Thanks for the post at 19.44. It's good to know that my cautious optimism is not without support among other shareholders.

Something that's odd about this chatboard, is that on all the others, it's the pessimists who get hammered; whereas here, it's the optimists. I won't go so far as to say with Nietzsche that the majority is always wrong, but in this case I do think that the gloom and doom is overdone.

Hi, break

Thanks for this; it takes courage to admit that one has made a mistake.

Hi, break

A very interesting hypothesis, which I had not thought of. But he's been a member since 2008, and is now commenting on Empire Metals and Wishbone.

Hi, Jackbal (once more),

The man you are referring to is AGEOS (I may be mistaken about the gender, but probably not). Unlike amateurs such as myself, he actually knows what he's talking about.

On the separate matter of the tone of the debate, I cannot resist quoting the late Roy Jenkins, who said that the debate on the EU had been conducted "without rancour on either side." Unfortunately, he could not pronounce the letter "r," which always came out as "w." So the remark was slightly more forceful and expressive than he had perhaps intended.

Best wishes

Hi, Jackbal

My own view is that Brad and Louis were caught up in circumstances beyond their control. The two majors decided to stop drilling, because of hostile or uncertain politics in Colombia; and the only way to enforce the contract was litigation; which would be suicidal, for he with the deepest pockets, wins. And that is not us.

Best wishes

Hi, Karl

I'm with you on this. The pessimism and the anti-Brad sentiment are overdone. The move into Nigeria at least shows the company is doing something. What has wrecked the share price is that terrible sense of paralysis; being trapped and helpless in the claws of two larger beasts. No news is death to these small explorers; if Nigeria produces positive news, going into that project was a good decision by our much maligned CEO.

As for the fund-raise, one shouldn't fuss about it. It's going to happen, because exploration must be paid for. But it won't happen at the present price. And if the newsflow is good, it shouldn't require much of a discount to the market price. Dilution is only a problem if the share price gets clobbered.

Hi, Karl

Things can always get worse (as Margaret Thatcher used to say).

But I agree with you. Orosur is a buy at the present price.

Earl of Aim has moved on to "pastures new" (Milton). Whether it was Scotty's instruction to shut up, or Powerfulpete's remark that 10,000 posts can't all be ramps, or my quotation from Johnson's dictionary (which I recommend to anyone interested in the history of the English language), we will never know.

"Repetition. Iteration of the same thing. Recital of the same words over again." (Johnson's dictionary, 1755).

Hi, Sol

Keep up the posts; I enjoy reading them.

Best wishes

Hi, Smokey

I think not; I think we've turned the corner. But optimism is my original sin.

Best wishes

Hi, Smokey

Clarification - when I said Brad, I meant our CEO, Brad George; not Bradfaye, who posts on here.

Best wishes

The move into Nigeria may turn out well. What we need is newsflow, without the long delays that have happened in Colombia (some caused by covid, others by the labs, and then the cunctator magnus, care and maintenance). Brad said Nigeria will provide this, and he may be right.

Hi, Tom, bhargav, and Wolfy

I'm with the three of you on this. The spread is often less than it appears to be on the LSE website; and it's right to point this out.

Best wishes