Member Info for Jace86

Sub 2m mcap. That has to be an all time low! Only a few weeks to go until colter and between that an update on badger. I think bunga mas is completely priced out now. Gutted I bought more last week and didn't wait until now!

Bitshare - I've 700k split across two accounts. So not as much as many others here.

This afternoon... I hope that wasn't simons vote of confidence from 28th December!

So for RBD that'd be good as they'd get value for their holding in Corallian but for us who have our stake in the drill itself, we'd have to find another way to realise the value unless all parties sell back their stakes with inflated values. So with us, our holding in Colter is via the subsidiary Resolute Oil and Gas UK. So if that arm was to be bought out I guess that's how it'll come back quickly to us.

I believed the idea was to sell it too. The neighbours already have the infrastructure so they'd be interested I'm sure. Not sure how if it got sold with an ipo it'd do us much favour though unless the field is set up as it's own Ltd Co and listed off the back of that with all having a stake agreeing to the terms? It'd be a good long term investment from profits here to putting it there if that's going to be the idea?

It is big for a company this size but rather than shareholders be shafted with massive amounts of money going upfront to have the goal posts moved when they have funds held at ransom I would just walk away from it and the country altogether after that.

Just don't see the point in it when you are putting forward your opinion on stocks or even a wider market for that matter. Mother probably taught him most of those words...

I think this guy has hit the nail on the head too! https://mobile.twitter.com/AlexEastham1/status/1095413653506015233

https://m.soundcloud.com/doc-h-4/dlc-8-2-avoiding-snakes Hopefully this site allows that link. You have to go through a whole load of excuses and swearing before it gets to the 10 second bit on colter. Yeah - loving your rant/summary too FB!

Lol yeah - the one and the same. I think all the bloggers pump their stock to high hell and then sell as their follows buy. For some followers getting in early enough they may make small gains, for others, they are buying what everyone else is crawling out of.

Double, I think no one went for colter in the 80's was because the size of the discovery was relatively small as was the price of oil back then. With prices of oil and resources being used, like gas, smaller discoveries get re-visited as they become more viable. With regards to what doc mentioned it was off the back of horse hill and other californian discoveries. California has the San Andreas where as Poole Harbour doesn't. So when you look at reservoirs shifting over time with a large amount of seismic activity where different types of Sands and stones interact that's where flow issues will be. Where as the channel doesn't really have such problems... all imo of course...

We've been here for a while now boom since bunga announced and I did think of dropping mine today as well but I don't fancy getting mugged before colter and a decision on badger. With this Co having three things going I thought bunga would have been nailed given the Indo problem with financing but now I look at it and think that that's possibly why they have a problem is because they make it difficult for themselves!

Volvic - we are all annoyed at today's action. I've emailed the company concerning Indonesia along with my own recommendations. I'm disappointed that it took a leak for them to issue the rns and even more so that this seems to be happening often with regards to Indonesia. If bunga does happen the leaks will need handling and that should now be the first point in any deal over there going forward. The nonsense today may be the reason why so few are reacting to the COS with colter and the massive RvR play here.

With how the mcap has landed at the end of the day here (30 percent down) its as if colter isn't even factored in! If on the 18th Feb we get a no go on Bunga surely it shouldn't drop further from here.

Very high COS (looks even better when you break down how that is worked out). My suggestion to adl would be to sell it rather than to realise it's potential over time. The development costs would be too much here I think. Bunga however wouldn't have needed much but we'll see by the 18th Feb what will go on now.

That is a disappointment! Still not a definitive yes or no and good to hear that no funds have been paid out in respect of this. Colter still going ahead... if there's no bunga mas though the potential here will be limited off the one current venture with badger being in the distance. The Indonesians really need to learn the way to do business. If they are having what is essentially a contractor come in and do their exploration work and extraction work for them then there should be no upfronts.

Completely agree. Just unfortunate so many others have a herd mentality.

It rose off trading. Nothing else. The mcap then slowly retreated.

I reckoned 700k but I don't think stuff like this should be posted on twitter. Fine to post an opinion but to say it's from contacts in indo causes people to jump and panic. He started saying placing on the way from December.

I wonder if those forget when he told those to buy he was selling so if he's telling people to sell, will he or someone else be buying?