Member Info for ismalia

You may be right PW but I am rather hoping that management were conservative in their AGM update and will exceed anticipated figures at the half year update. It would be foolish of them to overplay the position at the AGM.

So we have a mention from Zak today but I have not as yet had a chance to listen to it.

T 72 my understanding of a shell is that it is an ideal vehicle that is clean, perhaps has assets such as cash, licences in our case, and tax losses - in our case £30m, that could be better utilised by a company looking for a listing without having to spend cash on producing a prospectus ahead of floating. I feel that BOIL has a caretaker management, no assets that are earning yet and may not for some time and would benefit from new blood, a bit like has happened at Zephyr. As far as SPVs are concerned my understanding is that these are set up by a group of business people, with connections, who raise a small amount of cash with a view to seeking an acqusitions to bring to the market. Both potential shells and SPVs seem to be popular at the moment and of course make money for those investors who can track them down. It can be fun, profitable or costly but more interesting than buying M&S. GL.

Is it oil today from Wressle or will we have to wait a few more days? 500bls per day will of course only be the start as given time the LA will probably allow this to be increased to 700plus. This will bring massive recognition to UJO and IMO will, together with WN help make it the largest onshore producer, and will assist in the country needing to import less oil. As Malcy continues to remind us UJO is massively undervalued by the market.

I think we are under the radar and the pr boys are not promoting MCLS due in part to past performance but this could change overnight. Morrisons are by our side and one day will probably make a move to grow their local store network. Sainsbury and Tesco already have the advantage but, Morrisons will need to move quickly and at a knock out price or MCLS will recover and become a major thorn as the locals are gaining market share.

With all the interest in shells and special purpose vehicles I think we are likely to hear of an RTO before any update on existing projects. Our £30m of tax losses and existing licences could very attractive.

There seems to be a lot of interest in shells and potential shells in the market at the moment so perhaps we can expect news of a deal or RTO here in the coming weeks. The management appear to be positioning TRAF in that direction.

We have been told of a trading update ahead of the March figures. So we can expect it during the next couple of weeks and with the surge in home delivery, and business delivery the numbers should encourage a rise in our sp.

I am not invested here but if anyone is interested in mining shells take a look at All Star Minerals on Aquis which has been appointing directors recently and looks set to build a resource company based in Africa. MC about £1.2m so could be worth a look.

We will see how accurate the assessment of BM is shortly.

No doubt Malcy will have an input later and will influence investors thoughts.

Thanks Fortitude and of course we have been distracted by 19 and I suspect investors or potential investors may be looking at what they see, cars, pubs and property and not what is to be seen given time. But of concern at the moment must be cash which will need to be borrowed to progress any property development before any return. I guess the progestin will be sold rather than retained for investment income. Hopefully we will get an update soon that will reveal all.

Was it a double or treble Nelson buy? Whatever, it was an indicator that there is interest but what we need, and what I feel we will get is an RTO or an issue of equity to an oil baron who can take BOIL forward. Low mc, good long term prospects, huge tax losses but no revenue producing assets. We won't go bust but can the sp double over the coming months?

So Fortitude are we to become a property investment/ development company? Or are we a second hand car dealer, owner of closed pubs, sleep hubs or vendors of coffee? You clearly know but I am a long term investor and at the moment don't know if I am on foot or horseback. You appear to be close to CJ for whatever reason and it would be helpful to know where Dickson of Dock Green of Dock Green is taking us. Please give me a good reason why I should add to my not insignificant holding. If I should not add, should I sell or if I should not sell must I hold and hope for the best outcome? At the moment there appears to be little sense of direction for a £27m company with an apparent quality management. I feel we should suspend, the Directors should go away and effectively regroup and come back to the market when they know where they are taking us. This post is by no means personal, comes after a bottle of wine but seeks to know how I can double my money to get back where I started from. My friend in the North who is a substantial investor and has a large property portfolio is also a little concerned. As you may know from other postings I have a reasonable holding in IRON and in that case believe it will come right.

Tech - I was happy at the time to sell NAK as I thought there was too much hype possible by many not knowing the way the market works. The MMs are in to make money so it's the PI against them rather than each other. IMO I would rather moan having got out too early and made a profit, than to moan because I had lost money, blaming the BOD for what in essence would have been my own fault or bad judgement, probably due to ignorance. As far as TRAF is concerned I will probably continue to add as I feel CJ who is a legal man will ensure that something good comes of the business, not only for shareholders but for him. IMO buy what you can afford.

Hello Tech. Yes I did get out of NAK too early with the benefit of hindsite. In at 0.69p with 725k and out at 1.95 although a useful gain I could have done better. TRAF owes me a fair bit having lost considerably over several years but I now see it as a chance to get money back and have been adding recently. We will see but good luck to you.

Too much going on at TRAF which I consider to be a clean shell. New Director, share consolidation, Direct buying and the latest buy from Edwards. Also selling off property and related assets but not reinvesting proceeds as far as we are aware.
MC of less than £2m. We will see how things develop over the coming weeks.

History tells me that the recent buyers have positive form when it comes to small caps - A potential shell in the making?

CB has set up Xtract during the recent weeks and now GLR and having done that wlll no doubt bring on the assets we have in BZT. We have all the ducks lining up and can expect an interesting first two quarters. Keep the Faith.

A few trades at the end of the day? Why?