Member Info for joebop

Awww whats the matter?

Did a charlatan take all your money and leave you with a sore bum bum and you can't chase him down!?

Sour grapes much?

Delighted for ya.

About as useful as ferrosilicon price notifications.

Speaking of which, Where did all that money go!!?

That's not much of a head scratcher in fairness.

What benefit does a spike in the oil price benefit a company that is not yet producing oil?

Either way, 5 small trades. Nothing to see.

Despite his 2nd attempt at leaving Regency mines, Andrew Bell is still listed as a director of Esteq and Allied Energy Services.

Esteq, released accounts to Nov 18 last month. £450k in the red almost..

Hotel California eh!?

Any investor who uses these boards to decide on their investments, deserve to loose their money.

There is a reason the sp is where it is.

Serious investors do serious due diligence.

These waffle boards certainly do not count as due diligence.

Period.

Haha, with all due respect anovas, that is the biggest load of tripe.

It's the company squandering every chance it was given in its lifespan, shady Chinese transactions and the company teetering on the brink of insolvency that is putting people off investing. Among other factors.

But commentary here has nothing to do with the lousy (or high, according to some) sp.

Anyone who talks of a 10 bagger, and then sells under 2 minutes later, yes that's right, 2 minutes later, really is just a plain and simple P.O.S.

I trust no one will take offence at the crudeness of the acronym.

But nothing else seems to fit the bill.

Professional pumper implies that he has a bit of subject knowledge.

The kid is a rank amateur who doesn't know his left from his right.

One thing that sticks out is SFR's reserves pre and post transaction.

They had a nice slide in the presentation for the deal, which depicted it clearly.

It's a buyers market though.

How much would the golden handshake cost?

With nothing from rgm, red rock, one would reasonably assume, would be picking up a rather large tab.

If this is worth 3p today, as you say, then it would be 3p today.

Alas, the bid/ask is 1.75/1.85 for a sp of 1.80p.

They raised a month ago at 1.85p.

I think you're talking through your rear.

P M S L.

So Hard.

It hurts.

What a filthy cheating spiv.

Lol @ vox. A paid platform for market abusers. Snap out of it Sonny.

Only piece of relevance is the share structure. And that is of Zero relevance if they can't progress/fund their projects/keep key staff.

RGM & RRR are brilliant case studies on lifestyle companies, and the shenanigans which aim directors do to avoid full disclosure.

I highly recommend everyone study these companies to see how things are done. It will be hugely beneficial and well worthy of tour time.

I was never invested in either. RGM had a coal venture they bought. I looked into it. What was in rns and media releases wasn't really correlating with what was happening on the ground. Millions lost. SP decimated. Interesting events.

I had a nice windfall in mtr on the back of their Botswana/Mod venture. They were in the right place at the right time. Right share structure too. It's a different beast today. I banked profits on the discovery spike and kept a free ride. Everything clicked on that one. It had its share of spiv warrant flippers which ruined alot of the potential gains in my view, but there was a solid project backing the company. That was key.

Prd has the right share structure for a multibagger rise. It will be tough however, with 3 projects, a bad cln and delays in Trinidad.

The nature of the 4.2m payment to Columbus will be important to get right here. Dilution will kill. Revenues won't be sufficient for years.

Farm ins required imo. Morocco is probably the one for that.

I can see the rational in the Irish asset. It will be a nightmare for holders in the long term though. Corrib owners will pick the asset up in a distressed sale, 20 years from now. That's if there's even a commercial discovery.

Interesting times in Irish offshore exploration. Hopefully I'll be pleasantly surprised with a farm out in Ireland in the near term.

On a more serious note, what do you all want here?

What are the gripes?

Mod/mtr had a rare thing, a Great project that was sold for good money.

Well done for picking the project. Note the criteria involved for successfully doing so.

Learn from your investing strategy if that is what let you down. Everyone will be different.

But you picked the right project to invest in, so that's more important. Your stake didn't get wiped out.

And it isn't over.

Mod rebuffed the original sfr bid in Jan. Offered holders a rights issue at 24c. Revised bid comes in around 45c.

That was as clear a message to buy as will ever be. Smack yourself around the head if you missed it. 50-100% was on the table for everybody.

The deal completes in November.

Tigers market cap is currently £18m.

I wouldn't expect multibaggers unless kml and cobra are successful. But the company will have some dividend income. Derisked as you'll get.

Long may the price languish so that those who take a longer term view may take advantage. Unless, as I proposed earlier, they do a loan and equity raise. In which case, ramp on spivs, ramp on!

Why did you call me a Muppet Bradley?

Corrib only had about half a million euros in gas sales by the time Corrib Sold it. Due to the slight delay in the sale of the asset, losses were only in the $1-$2 billion range. What's a billion between friends eh?

"In July 2017 Shell signed a definitive purchase-and-sale agreement that would see Canada Pension Plan Investment Board (CPPIB) acquire 100pc of Shell E&P Ireland for a total initial cash consideration of €830m, with additional payments of up to €250m between 2018-2025, subject to gas price and production.

The deal, which represents Shell's exit from the upstream business in Ireland, would mean a reported loss of up to €2bn for the Dutch giant on the project and was originally due to be completed in the second quarter of this year."

independent.ie Oct 18.

Please please please tell me, using your muppet logic, how Shell managed to make billions out of Corrib?

They bought into the project in 2002. First gas was Dec 2015

Do you, and the two numpties who recommended your post, have any iota of what you are talking about??

Hello portsmouth. With respect, the simple answer is No.

My commentary is neither ramping or deramping. My posts on this bb, are mainly replies to unabashed ramping posts that have little to no basis in reality.

3 great assets?

One of my posts was merely highlighting the fee due for one of these assets (TI field in Trinidad) One person on this board was saying that it was a fantastic asset an the cash would be rolling in from it. PRD were going to fly with the revenue etc etc.

The very same poster said that the fee was just an option and that it didnt matter at all if PRD took it up or not!!!

Seriously!!!

just for your own amusement, look back at last weeks spike in ramping across social media, spike in trades etc.

Today? And the big drop on Friday??? Nothing. Zilch.

CEO stake accounts for nothing unfortunately. Pre ipo stake. He will be diluted down to a more sensible level soon enough. Then, when push comes to shove, if he buys in to up his stake substantially, his holding will have merit.

I hope the company does well for all concerned.

And at the end of the day, if you all think that my commentary is detrimentally affecting the SP (lol), then you all should be rejoicing at the chance to up your stakes at bargain prices.

Support the sp that way, instead of offloading into spikes. Buy and hold. Long and strong.

And don't place any merit on CEO interviews. Or twitter groups.

No they don't. Show me the DFS, or any other verified paperwork to back up that statement.

Prospects is what they have. Unfunded, unlicensed prospects.

Why the BOD not scooping everything up down here. 25p ipo.......

Shell developed the corrib gas field for a small fortune and sold for a huge loss. (The tax payer will never see tax on profits from gas sales now - a farce of a situation)

Antrim energy and Fastnet resources delisted as they couldn't get partners for their projects.

Providence resources farmed out their Ballyroe asset after years of trying, to Chinese partners. Now they won't pay up, Providence is in the cusp of insolvency - having already laid off staff but unable to afford redundancy payments, has contractors lined up and mobilised so that really is a butt clincher for shareholders currently. This is also having a knock on effect for Landsdown so..