Member Info for JMAX

The shorters know this will go lower. ATH - All Time High....

bailiff,
The info is either in the public domain or it's 'insider trading'

Ps I hope you top sliced

daragh,
I was in pain ( along with other holders) late 2019 and into 2020, but I bought when there was blood on the street as the saying goes. So from being heavily down I'm about even now. I'm confident long term and I think inflation will drive poo much higher.

Daragh,

I have held TLW for over 7 years. I don't believe we will see the coiled spring effect here. slow rises and retraces, Kenya should be the game changer. Externally, we are now hearing of an Indian variant - could more lockdowns be on the way - say autumn time - this is what the shorters are banking on.

Adie,
What will make this fly 'like a coiled spring', and to what SP price range ?

Bailiff,

Very nice trading opportunities here.

Both, that's why along with my core holding I will be buying more trading tranches - easy money.

Poo above $67 and TLW just over 52p, this is one reason why the shorters are not worried.

Jub,

Thanks, but I'm not counting on payments from Uganda - when will first oil be...

I haven't got the hedging figures at hand - but how much production is hedged sub $70?

Bailiff,

I firmly believe that TLW will go higher - but we are not going to go up in a straight line, there will be retraces. And you mentioned how 1p in SP = £1750 to you - if you can handle the drops then great. But what would you do if the SP started to fall quickly - would you sell making less profit, or would you hold hoping it recovers. I have done the later and took a hit. This is why I think an exit strategy is important.

Bailiff,

I don't think I will have this problem with TLW for a while. But is there a price where you will be happy to sell - irrespective of it possibly going higher? I think you are in a situation where you should be considering an exit strategy.

If you are that much up -it would make some rational sense to top slice - I'm not deramping - but this will drift a bit lower with a lack of news. With regard to what I would be doing if I knew the answer. Well at this moment you got 1 out of 3 right!

Bailiff,
I'm long here so the the daily SP movements aren't a concern, but I realise for some they can be disheartening. I'm waiting for news on Kenya, we have been told the figures are being reworked which suggests to me that TLW think this asset is worth more than previously stated.

Spindler,
Great Post.
Regarding inflation and mortgages. Does anyone know if there is small print in the mortgage agreement that addresses this ? (I don't have a mortgage)

The minimal movement in SP, is because the market is forward looking and this was priced in. If those in the know thought financing was going to be an issue this would be no where near the recent SP.

Just my opinion, if Uganda was solely about the resources and maximising their potential, I think this would have been finalised long ago. It's a complicated jurisdiction and time will tell if Total have underestimated this. Let's see how long it is before TLW get $75m on FID.

https://www.businessdailyafrica.com/bd/corporate/companies/tullow-values-kenya-assets-at-sh69-billion-ah

OAC,
I remember you saying a while ago that you were holding a substantial amount of shares. After being over 90% down, I'm in the black and will probably add for the long term.

OAC,

Are you approaching the declaration threshold...

JJ,
If it wasn't for the complexities, I'm sure a consortium from this board could be formed.