Member Info for InJamesweTrust

Previously, unless my memory is playing tricks and don't think im in that age bracket yet, someone posted a message from Company IR about posting progress for TD etc - saying they would now do just one update.

Any chance they could repost this?

I do wonder if CN-2 and CN-3 are both being drilled before results released as definitely well outside the 3 week window now.

At 3-5k bopd production and $50-60 per barrel and what that means for cashflow then a bid of 25-35p falls woefully short even with 30% odds the stock. 4k bopd and $50 a barrel is $73m FCF a year. Even on a modest 4x that is around £1.30 per share even ignoring the likely uplift in reserves that is expected.

Dealt with them a few years ago whe a company we lent to was looking to do an IPO. Was emerging markets and low single figure billions. They know their onions.

M&A initially sprang to mind and I thought hopefully not as too early for true value. Imagine they expect something may happen just before or as production commences.

Appointment of Barclays is an interesting step. Certainly a level up from existing brokers.

I'd add I was in a position to trade Eco before it was public but it would have been illegal to do so and took my medicine the day of the announcement with the rest.

Yep olderandwiser I certainly lost money on Eco but wasn't 100% in or even close and am more than young enough to take the learnings.

Paul and Lonny have bet the house here and I hope nobody faces a similar fate. I know somebody in HUR that had to return to work having retired and hence the posts.

Unlike yourself I'd take no pleasure in other people's losses so crack on with the personal retorts it means little to me what the fate of those with such hubris is, if it has helped or encouraged some others to reasses its worth the abuse.

ford

he is rather quick to jump in hence the response to him. i've the research i need to form my own conclusions here and position but i worry for those sorting utter *******s about sure things.

anybody sticking 100% of theirs and their parents pensions in here is frankly mad.

the bb is clearly of the balls deep/all in conviction so i'll leave it there (with grh continued silence) and hope for those heavily skewed here paul/lonny turn out to be the seers many of you seem to believe they are. i'll take no pleasure in it if they are not.

GRH for one who is usually so verbose, you're unusually quiet when asked about whether your private actions mirror your BB narrative of balls deep/all in/tally-ho troops sentiment that this cannot fail.

I assume everyone here is of voting age and for those all in I truly hope you get a good result. Regardless of rhe research such an approach simply isn't for me.

GLA apparently there are genuine shareholders and other non-genuine ones but I'll just say it to all of you.

BillyRay

Good luck to you and your father but I'm pretty sure Warren wasn't suggesting putting the whole fund on a single company. Appreciate Charlie.M saying go big when you feel the call is right but none would advocate 100% in one basket. Not in a million years.

Androcles

As I explained the other day, I sold out of Sound close to their highs and haven't touched them since although was tempted when they were sub 1p.

I've no axe to grind here or an agenda. The omens look good, KeithOz has some great research on Pinterest and the Chances of Success seem strong (not.100%) but strong and favourable.

I'd finish by saying to the likes of GRH, I hope you're public all-in to the end rhetoric is matched by your private actions.

Whether it is or not, I wouldnt recommend it for you the same as I wouldn't for anybody else. People can make of that what they will.

Quite happy to take brickbats if it helps someone from making a mistake by having all their eggs in a single basket. It isn't trolling but good luck to you all and we'll see how it goes in time.

GRH - You again completely miss the point of the post and choose to engage in self aggrandising nonsense instead.

I know one of the 100k block sellers and they're not short term flippers. They are trimming their position as a matter of sensible portfolio management. Nothing is a given, the SP is on a tear and not sure if this is a sign of news leaking.

However, the signs of gas shows are not conclusive but hopefully the Nutech analysis shows more.

Guercif and other maps have been brought up on Sound board previously and thin sands were encountered there on the drills further out.

I hope that isn't the case here and good luck to you all but for those backing it with everything it is never a sure thing so some sensible position management is not to be derided.

25p should really be a distant memory already, it's astonishing the rise elsewhere on the prospect of resources while AXL have been proving them up and only treading water.

If we are to get CN-2 news Monday then they must have had alot to test, or a long search for resources.

Just saw this in Malcys blog and going to have a read as looks interesting.

Hi Gudin

Not suggesting disappointment just there are subtle differences in language between the roast and the more recent proactive interview. The roast I listened from 28mins onwards about what is needed to achieve a sale and it is slightly different to what has happened since.

It may be as simple as company rolling with the developments and being agile, I'm still newish here so feeling my way a bit.

The info from GRH and others is mostly very useful and Androcles engages well.

Intention isn't to be trolling or as a doom sayer so hope it isn't taken as such.

Nice analogy Matt!

There is certainly great potential

The below isn't to be a troll, merely to highlight that there is a way to go yet.

My thoughts were if testing is good then a raise at next level up around 25-30p or slightly above if all goes well, unless there is a suitor. However, listening to the Roast I'm not sure the results have aligned to their expectations.

There may be multi TCF under the sands of Morocco but alas, I don't believe the current info is anywhere close to proving that kind of number up.

Note the suggestion yesterday of a JV and royalty or reduced share and that seems more realistic than values in multiple pounds based on multiple TCF. Such speculation should be tempered by the reality