Member Info for InJamesweTrust

I could point to trades where I called Cairn at 25p

Called Sound on these boards as an exit around 80p

Called Eco at 30p

Exited and Called Hurricane at 35p

Called this down at various points

Called Fundsmith at outset when it was 100p

Among others

MEM

I started out 3.5 years ago saying it needed flow testing and was shouted down. How much has been wasted since at what dilution?

Ive called sells and placements,.while GRH has posted nice rockets ships and spouted about Cove++.

Some of the technical content is interesting and useful but the Board has been incompetent in its efforts to prove it up.

I still hold but at a reduced level and have sold and bought over the last couple of years at various points. Often calling when I am doing so.

Like the recent entry at 3p+ and top slice in the 6p just as I said I would do.

Keep staying long and proud and watching your share value diminish by all means and shout down any alternative views.

Oldslow

Ill take a punt, anyone expecting £3.92 from this short or medium term is kidding themselves.

PG has made multiple mistakes as CEO and spaffed money up the well that has led to.unnecessary dilution.

He has paid money for opaque consultancy reports and awarded himself bonuses and options while removing the same from the likes of Lonny.

He views the company as his own despite putting little actial cash in and being rewarded completely outwith the size it the company.

Great if there is success but largely in spite of not because of.

With a more professional team, testing and the requisite work would have been done years ago with less dilution.

Should read Lonny/Moira....apols

Im guessing the whole Lonny/Courage feud was performative too and Lonny can get back his 15m options as he was just acting on the boss' instructions which have come from on high.

Is Graham seriously suggesting PGbhas ignored his fiduciary duty to shareholders and deliberately spent shareholder funds on drilling activities where the results will mislead them and need further continued fundraising this diluting them repeatedly and reducing their holding because shadowy figures (in breach of shadow directorship rules) in Moroccan adminsitration told him to?

I also began here about posting the need for flow testing only to be shouted down.

PG knew best.

I do though value the info posted by Keith, Jasper etc.

Having posted yesterday- "PRD will" and remived all reference to risk and become definitive, I wonder for those who took him at his word what liability someone might hold now that they (PRD) haven't.

Wonder what happened to irreducible risk remains?!?!

If no news mid next week my concern would be PG is waiting for next testing kit to arrive and again sell jam tomorrow and/or place.

Oldslow

The risks are the same here given the mercurial nature of the game and challenge in managing cashflows.

Let's hope there are good results from MOU-3 but neither here, nor CHAR should anyone be betting the house it is not a widows and orphans stock.

Wait a minute, maybe they're stalking DonalB as a fellow trader. GRH too....

People buy and sell in line with risks as they evolve. With more information hold periods across markets have compressed over the decades.

Not always wisely if you ask Terry Smith about the Fundsmith strategy.

F&M - id hope the light hearted nature of it is evident from the following line beginning "seriously though"

Worry not, GRH has spotted 'THE' trade.

Seriously though, if news leaking volumes likely to outstrip daily vols but every chance MMs dip it below 5 to get some stop.losses or make short term flippers cash in profits if they havent already done so/top sliced.

Exxon can't do whatever it wants. If it stymies the process then they and/or Guyana can be taken to international courts for restitution.

Personally, I don't believe that's what it comes down to and with Unitisation and/or 3B/4B Eco can make reasonable claim to extend the licence to drill if so minded.

They've shot the seismic and been in from the start.

Definitely that is what I hope for Eco and all involved.

They only need to succeed with 3B/4B to transform the company but a carry and successful drill in Guyana is a different order of magnitude altogether.

wallact

not sure there is any need for the aggression.

if they had no other option and funding was available they could go it alone to drill guyana but i****ans finding the funding if money is.not forthcoming from 3b/4b or unitisation.

wasn't anything to do with ramping.

They were responsible for arranging the drilling Wallact. Think we are talking at Cross purposes as you are probably alluding to the funding partners not wishing to go to Guyana.

I was more saying Eco has the technical capability to drill.

I think if I was to read in to Gazania, id say Africa Oil pushed it to understand more about the plays on the ridge down that basin/coast.

What do you not think?

I sat in a meeting in London with Colin discussing their intentions for the well prior to commencement of drilling.

The Gazania well in Autum-22.

Had they 100% of Orunduik then and/or Tullow not been such a sgit show with their funding Im quite sure they would have drilled Orinduik

Wallact

They've gone for it solo before and I know their preference is to partner.

In terms of MCAP, this will change as 3B/4B nears.