Member Info for itsgambling

"Come on!!" ... nice addition to the 'fingers crossed' & 'hoping' investment strategies :-) Hello fools :-) Happy new year to you all. 3rd Jan and the BOD have failed to disappoint so far. Must be a record. That said, they still don�t have an economical licence, or a rig, or any income. And rapidly running out of cash. Ouch. Best of luck IG

Completely agree about the games. US now 6% up and (american?) DMAs adding the usual afternoon ceiling on the ask here. It will be very exciting when the real rerate takes place. Still expecting non holders will be locked out (takeover type corporate level event). GLA IG

All appears positive on the surface, yet sp sinking and people selling below bid. Hmmm IG

I was referring too the solid volume on AIM - in case that was unclear :-) And in terms of retrace - my basic chart understanding shows 39p as very solid support/resisitance. My view is that we're in the 39-44 range and am hopeful to break out of the north end rather soon! Steady day today has allowed the RSI to cool off which helps too. IG

11.48 at today ex rate = 42.4p. Solid volume. I'm happy to have a day's consolidation on AIM. IG

Happy new year to one and all. First update of the year and L2 looks tasty. Nice 80k sat on the bid at 40p, not much resistance at 41p. IMO support & resistance are 39p and 44p respectively, so expecting a move up to 44p today. IG

"Moving along nicely"... this is fantastic fun reading the rubbish you lot come out with to reassure yourselves. They've achieved zero! How is that moving along nicely and what on earth would they have to do for you to be critical about progress? Haha brilliant. Thanks Maestro :-) IG

Lemonade. That's the funniest thing I've heard today. Thanks for proving my point so promptly. IG

Is quite funny how nervous holders, sitting on big losses, try to find positives anywhere and always avoid accepting or discussing the fundamental problems. Even getting aggressive when someone discusses them. So, I post on here a bit, pointing out the major issues. During which time the news and sp movement support my narrative. And somehow you try to convince yourself that there is a positive in there and a reason to keep holding. Funny. Best of luck with the investment strategy based on hope. IG

Sorry lemonade, you got that wrong. I am a long term investor. My only current holding (mtfb) I have held for over a year and intend to hold for at least 1 more year. (Unless they get bought out). I tried short term trading but was rubbish at it and lost money. So now I look at the fundamentals and take a position if things look positive. Sadly there is nothing at all to build an investment case on here and I can see a significant drop over the next month or two. Best of luck. IG

Cripes. No thanks. Not at this price! IG

The bod have ... No economical remaining licence. Have no drill. Have no real income due to failed workovers. Have wasted a load of the original fund raise and have very little funds left. And have destroyed shareholder trust.. Yet the rampers belive everything is rosey. Haha. Has a long way further to fall imo. Best of luck IG

Poor comms. Poor management. IG

That 'potential' is what has kept people interested for the last year. Although much of the originally invested money sensibly bailed at the first sign this was going pear shaped. Since then it's gone from bad to worse! Sadly they have failed to deliver on every single count. Rig was "due on site" months ago. Several delays later they are now looking for a new rig. Due to the delays the licence is no longer economical so they need and extension. Workovers were "100% guaranteed" to provide income, de-risking the company as an investment. This increased income has failed to materialise as the workovers basically failed. So they are now running on fumes and will likely need to fund raise soon. Not a great achievement in their first year. Probably why 2 directors have jumped ship. IG

no rush spot. Many are off so will be gradually absorbed next week and into the NY. Will gain momentum now that there is zero risk and as we near NDA submission. I'll take 5% daily rises for a while. IG

Simple answer is probably that they really really need to include something positive, so they are waiting to conclude the licence extension. That way they can hide the placement & further rig delays (sorry - very advanced talks with new rig supplier) under the positive news of 5yr licence extension. IG

There is now zero risk here IMO. Am certain the games are behind us. Very very happy day. IG Should be an mcap of $300-400mill and will get there in short order. The MMs will make a fortune slowly walking this up, with little dips & flats to shake a few. My 320k shares are now held tighter than ever. Have fun everyone. IG

And merry f ing Xmas to you both IG

Good morning Mr & Mrs sheltie. The reason this will fly over the next few sessions is not because of new good news (we have plenty good news ready to be priced in) but is because of the absence of bear case. There is no doubt in my mind that this was manipulated down. Now YA has their sweet deal and are aligned with us in that they benefit from rises. There remains zero investment case left to short or supress the sp. I bet we see 50p by early Jan latest and £1 in Q1. Going to enjoy the rise. IG

Yes mate. The rocket has just been lit. I expect we will see fireworks today. IG