Member Info for johnpwh

I agree that Pi currently hold a significant amount of equity in AAU. I think the majority of those PIs are so confident in the BODs judgement that if the board support the deal (which they clearly do) then imo its going to go through. So although I have been against this deal from the day it was announced I am going forward as a shareholder on that basis.

LW
At what point do we need to start to get concerned about the lack of news about the OGAs permission to link Lincoln Crestal to the AM? Is it a real possibility it will be refused?

Fred
A year ago I wouldn't have contemplated accepting a 45p bid. How times change...……….

its all a bit daft as, from what I have been able to ascertain, we haven't reached peak oil consumption yet. And consumption wont fall off a cliff even when it has been passed. Good old Greta has raised the liberals into a raging froth and oilies are being punished at the moment independently of the actual PoO. I'm certain massive oil production will continue long after I've shuffled off my coil.
Oilies are certain to make a comeback, if only when the horrified masses notice BP/ Shell etc can yield 6-7% in their pensions and ISAs. Amazing how a bit of added dosh often eases peoples moral conflicts.

Personally I am not buying any more at the moment. Apart from being over invested I am getting more than a little cut trying to catch this falling knife. One the bottom has clearly been reached I may try and buy a few more within +10%.
Not selling but nevertheless retiring hurt.

trachea? That s either one hell of a typo or spellcheck not being helpful!

We'll just have to wait and see.
If the JV goes through I think there is likely to be an uplift at the imminent prospect of a divi/divis. But thereafter a long period to reflect on - although the new JV will provide a (diluted) acceleration of additional production even Tavsan will be 2-3 years off, Salinbas 5 or more. Obviously a hardening of terms by the new partner post DD could cause a shock to the SP.
Without the JV then it is as before albeit with Cyprus added in the mix, which will stretch AAU since progress at Salinbas is slow enough already. Would that cause a retrace towards 2p? Don't ask me, but I expect it would to an extent, especially if it was 'new partner' who pulled out rather than the AAU shareholders refusing to endorse because of the asset reduction.

Rev
Agree with your analysis.
Think many of us feel so battered here we would welcome a farm in or a full bid at the moment. We've all lived and breathed HUR for too long and need a change of air.

Bounders like that need a punch on the nose

Yes Shed. The share price seems to be getting a jolly good thrashing

7.5p Peter. I want to be the first to predict! 7.5p by 14.32 Thursday. Nailed on!!

LW, yes, poor attempt at humour. In my defence I'm from Birmingham.
As for the Captains what 'would I buy instead?' -I take a different approach. Whenever I hold a share that is underwater I simply ask the question 'if I didn't already hold this share, if I was looking at it for the very first time then would I buy in at this price?'. If the answer is yes then continue to hold, if no get shot of the thing. The SP you paid is pretty much irrelevant apart from CGT planning.

One tries Daltry, one tries

I've already decided to drink my body weight in gin tonight while I can still afford it.

Well chaps and chapesses I think we must all assume that the adventure is over and HUR is worthless!!
All too often the great unwashed describe slightly inconvenient mundane experiences as 'a nightmare'. Nah, but this possibly is!
Don't understand what it is that has deteriorated so badly that the SP has declined from nearly 60 to <24 in a few months?
Grrrrrrr

Ash
I'm not wondering, and I suspect neither are you!

An excellent curmudgeonly/ gammonly comment. The munchers were probably 'woke' snowflakes out to wind up 'ok Boomers' like yourself.
I find it hard to keep up personally with these terms. I'd just got my head round (so as to speak) LGBT+ and now they invent pans*xuals. Gawd knows what they are, something to do with loving kitchen appliances apparently.

Candlesticks? Soldiers? Just got in and thought I'd mistyped.
Anyway, last couple of days the SP has risen following the 4.30 close. A few previous days it has consistently dropped. Any idea what, if anything, we should read into that? Purchases to close short positions?

Well that lasted :-)

Tide turned hopefully, think we all (except the many detractors on this board) need a break!