Member Info for Jamesthesecond

the only people making money here are the BOD

Allegedly training has been provided some time ago.

Yanis- IMHO its deceitful as BOD are holding back material information and true to form will inform the market at 11th hour when their failure is certain. Its habitual of the incompetent BOD to disclose their failures at the last moment. Yet they bit** about angus not being valued properly.

yanis- BOD ought to know what equipment is landing when t this late stage of project completion and its shameful that the BOD wont commit to a firm production date. Standard GL & crew incompetence.

"sensible" is less powerful than "imminent" and in this instance I am inclined to say that any reliance on BOD representation on "sensible period of time" is most unreliable.

Howey- your analysis is correct . if there are credible bidders out there a reasonable offer will emerge shortly.

Yanis- as I said I am not holding my breath and I certainly do not trust GL and crew

There might be 5-6 bidders but its very unlikely that there will be a serious bid of any sorts from any credible source. I am relying on PP landing very soon and gas production by end of March or early April at latest. All the rest is noise.
What are the possibilities of BOD failing to deliver in the timescale. With zero credibility of the BOD I am not holding my breath but my shares until gas production. as gas prices will remain elevated for some time.

SFB on its own is worth over £50 million ,especially now as gas will be flowing in the very near future.

Taversham- Do you just like making things up or overly pessimistic. the integrity of the asset is intact and not at risk .otherwise nobody would be allowed to work there!!!!

I have been saying PP is imminent for some time. All government departments are on go slow. Even bids ,if any , should be forthcoming by now as diligence on SFB should not take long.

we only have two left in this month for the news on the farm out to land. waiting patiently

Yanis- Exactly, various consultations were completed sometime ago and PP should be coming through. The images being tweeted suggest that informal permissions are in place to keep the work going .

Yes since we are on the business end of gas and bids .

Gideons- From your mouth to God's ears

lets hope to see a decent offer from a credible party soon. meanwhile no tweeting today and no update of any sorts. What is happening on those permission? taking forever

Yanis- I agree and I do not understand either via CFD.

Normally straddles are done via call and put options. and they are excellent when you expect massive volatility.

The risk of straddle is nothing major happens in either direction and you lose your spread . its a very good play where lot of volatility is expected. Only for the sophisticated.

the cost of the straddle is the spread . effectively opening positions in both directions . the plan is that the movement in the foreseeable future will be big enough where the profit in one will exceed the loss on the other plus spread costs. In this case, the SP has to move more than 100% from here to make money.