Member Info for jimzim

Yes but according to the last update, "The test will enable an assessment of the well's long term potential to flow natural gas and liquids, and will enable the collection of further data regarding the reservoir properties of the Sasino shale formation. Further updates will be issued in due course." In due course might mean some news before the 90-day completion. I hope so as no news has been taken as 'bad' news by the look of the SP, but I'm not sure they have read it right. There have been several 'strange' large trades at mid-price so either they are very lucky sellers, or even luckier buyers as this is at all time lows - I think buyers, but nothing really to back this up. T3 - you have been reading the fall as 'bad news' here but notice that on the SLE board you have put down SLE's rise of late to the anticipated outcome of the 3Leg result. These might not be contradictory but on the face of it would seem so. Am in both and so hoping for good news but we have been there before on Polish shale so ...

Good to see that Andes are moving ahead with their assets in Colombia. In my mind a good deal as we are gaining a strong local partner (Trayectoria), and possibility of further deals with them down the line, for shares at the current SP. There is no point in sitting on licences - they are there to be developed and as we don't have the cash to go it alone, getting in good partners at a good price is ideal. Trayectoria are one of the top 5 Colombia E&P companies with further operations in Brasil - their licences are in Sergipe which is where we have also have a stake (possible further tie up with them in Brasil down the line?) - and Guatemala - a serious company indeed.

The spread has not been as it would seem. When it was 0.8/0.95 yesterday, I had no trouble doing dummy buys at 0.825. The real spread was something like 0.75/0.825, as there were some sells below the ask. Don't know the logic of this play except that this morning our Mr(s) 500K was back and buying at 0.95, not that this has held. Today they have got more real, for good or ill, and now at 0.75/0.8. There is no interest in this share at the moment as we have no road to production clearly set out, nor funds to do it with. The fantastic prospects, which we bought in to, are still there but have little value in today's markets. I was at the Proactive Investor presentations yesterday where Baobab were presenting on their Ruoni/Tenge pig iron project. I spoke to the Chairman and MD afterwards about our Monte Maunde JV and as we already know, the resource is great but they do not have the energy or funds to move it forward at the moment - all efforts are in getting pre and full feasibility studies done on the pig iron project. I reckon they will be bought out by one of their big neighbours (Rio, Vale) before they get to production (aiming for 2016 but optimistic I think). They will then have the funds to develop their other projects like our JV. The question will be if we will have an income stream by then which will enable us to fund our share of the project or whether they will buy us out as we won't be able to move forward with it. We really seem to be in the hands of Taurus - I wish they would give us a hint.

Gearing up for the AGM tomorrow. I have reviewed the postings here over the last few weeks and so have a clear idea of all our concerns which we hope to get some answers to tomorrow. Will be straight off to other meetings after the AGM and so will not sit down to report back till the evening. Any last minute thoughts?

Hoping to get to the AGM next week and am making up a list of points to listen out for and a list of questions I would like discussed. Any contributions? Anyone else aiming to be there?

Been some strange buying just after 11 this morning. 500,000 bought at 1.05p then shortly after another 500,000 bought at 1.04p and shortly after another 500,000 but at 1.02p. How comes the price falls after each large buy?

A little quote I have picked up on today. "China Development Bank's investment arm is targeting copper, uranium, iron ore, coking coal as well as nickel resources overseas, looking for investments with good returns and Chinese connections, a China Development Bank International executive said on Wednesday." "I think we do have a small group of targeted commodity products which are pretty much beneficial to Chinese clients...for example copper...and also uranium," China Development Bank International executive director Lei Mu said at a mining conference in Hong Kong. http://www.miningweekly.com/article/china-fund-targets-nickel-in-resource-deals-2012-03-21 We here pretty much fit the bill it seems so I'm banking on Taurus coming on board and pushing us on at least till the copper has been proved up and/or Brandberg finds the yellow stuff.

Indeed - seems like there has been some 'funny' dealings - trying to keep the price down? Time for news and a spurt upwards.

See there was a 2 million late reported trade yesterday at the mid-price which, being so large, could hardly be a sell. Hope this signals a change in sentiment.

I bought into this the other day after watching for some time since attending a presentation a few months back, but already 10% down. It looks like there is a persistent large seller and others are giving up and following as the price is pulled down. The recent buy by MB may have been a vain attempt to hold the price up and just hope 1.4p is the bottom. Is any news expected to help pull this round?

I don't understand it. The original RNS of Dec 6 stated a crossing of the 5% threshold, and crossing above. This RNS today, correcting that of Dec 6, shows a crossing to less than 3% but the reason given makes no mention of this. It claims the error lies in it not being Creit Agricole but their clients who did the crossing - ie. the parties involved but not the numbers of shares. Can anyone explain it to me? Is this just more 'underhand' dealings from CAD? Questioning my holding here as am now way down on it and if acnnot trust the goings on, best to take my loss and move on.