Member Info for johnpwh

That is troubling me too Analysister. In a sense it would be preferable if this rogue Finance Director had opened a Swiss bank account, bought fast cars, enjoyed exotic holidays and even more exotic call girls. He didn't so much nick the cash as cover up the fact that the company wasn't as profitable as thought. His only benefit as far as I can see is prestige and a few bob from exercised executive share options. So your point about the viability of the model is totally valid. The converse is that the new investors aren't dumb and must have done due diligence before agreeing to support this - 50p obviously seems cheap to PLs whose shares were 'worth' north of 400p a few weeks back, but they aren't a bargain at any price if the company is worthless.

Agree
As I have mentioned before, this is like watching paint dry. We aren't expecting any RNS for a couple of weeks (Rotterdam arrival?), haven't had one been since mid October. In the meantime POO is drifting (mainly down) and we appear to have a seller, maybe (according to posters here) one of our major shareholders. No wonder we are here! Buying opportunity for the brave.

Just cheered myself up. The last Centamin shares I sold were 170,000 at 96p, higher than I thought!
CEY peaked soon after (with barely a rest on the way) at £1.75 . Just 'lost' the odd £134k then. Ah well, that's life!
Its not going to happen with HUR I hope. Lightening doesn't strike twice does it?
Must admit I never thought we'd see HUR back in the low 40's unless there was a problem with the operation once AM reaches WOS. Nor did anyone else given the guesses for SP at FOIL!

No, not really. The interviews with Dr S are so technical that I end up trying to understand what he is on about. Basically I have far too much invested here so I'm focussed! I've given up with much of the geological stuff but I wanted to understand this deeper drilling - I couldn't imagine a core sample hundreds of feet long.

I'm not a trader really. I got into Centamin Egypt in the early 2000's, at a few pence following (of all things) a Daily Mail tip. Traded a bit and ended up with a sizable holding at negative cost. Then a crash in the SP following litigation and political unrest in Egypt, with me trying to trade into rallies. That worked reasonably well. Finally got a bit (very)cocky and sold the lot after a particularly strong rally (in my defence not accompanied by any movement of POG or company news so I reasoned overdone). Felt smug, that was at about 80p, sold every single sodding one. Trouble was I don't think it stopped then until it reached over 170p literally within days!! I 'lost' (or rather didn't make) a 6 figure sum.
I don't even try to be clever anymore, I accept I'm pretty thick.

In case. like me, you were wondering!

https://www.youtube.com/watch?v=B3fbTBX4bDQ

A 1.4p buy followed by a 1.27 sell. Is that a new record for the spread at 10.23622047244094% ??

For what its worth I'm not losing any sleep over this.
According to this article US shale production is unprofitable at these prices:
https://oilprice.com/Energy/Crude-Oil/Is-70-Oil-Enough-For-Shale-Drillers.html
The POO has a downwards momentum at the moment, and for a while will continue irrespective of fundamentals. The highly paid oil industry 'experts' and correspondents called $100 oil a couple of months ago, and I have seen £40 being called recently. They haven't got a ******* clue. No one has.
Cant see Russia & SA playing ball with Trump at the moment, especially with the lows of 2016 so recent in the memory. They don't want to be back there.
HUR will still be profitable at this level, though obviously $80+ is better! All we can do is rough it out and maybe use it as a buying opportunity. All IMO

Ha ha but right. They need to be fresh, crisp. You go into Costa and there are a few cakes, some of which are nice (such as Tiffin, which they knock out at about £2,50). All Costa cakes are a) overpriced for what they are (they did sell individual Lindt balls at 50p each at one time!) b) nice(ish) but obviously factory produced. There is definitely a market for something classier and away from the unwashed hoards (sorry if that sounded snobby!). The fact that PV is not a household name is in a way an advantage because it has a more 'one off' feel at the moment rather than being a chain (which realistically it is).
I haven't yet tried anything other than a coffee at PV, but may go to another branch, Shrewsbury, and have something to munch.
Sorry if I'm sounding like a (very) poor mans Jamie Oliver here but if I'm going to put, say, 5 or 10k into this I want to see what the offering is. £20 on a few coffees may save a more expensive mistake later on. I usually invest in minerals or oil companies and its not so easy to visit their operations!

Don't hold your breath mate!

Personally I hope not despite the waste (in revenue, not of food which I hope would be responsibly distributed).

There are competitors on the High Street, Costa, Starbucks, Café Nero etc. I used to enjoy going to them, it was an event, it felt sophisticated almost. But now they feel more like downmarket cafes. I definitely think there is a market for a more niche product. Don't swamp the market, 10% (say) more expensive, quality more like independent 'artisans'. In other words more of what I have already seen during my market research! So no putting the cakes in fridges! overnight!

Those Butteries would probably be improved by dipping in batter and deep frying!

Hi DJ
I noticed Nevada changed for the good. So the Democrats lost 3 seats and gained one so a net 2 down. As I understand it there are 2 senators per state - I assume it is possible to have one Republican and one Democrat?

I hope the Democrats use their new found teeth, but not sure how far their lack of control in the Senate blunts them. The more I see of Trump the more he appears to be a loud ignorant bully. But as with AAU - what do I know?!

Thanks for the clued up answers re turret plate.
Must remember never to try to smuggle one through customs along with my duty free!
Onwards and upwards

'I see I continue to be correct. The shorters are going to smash this down into the 30's'

Chap who said this seems a tad quieter today. Perhaps he no longer considers himself correct?

Ok I'll try the benign poster theory and ask another daft question. My understanding (which may well be wrong) is that the turret plate protects while the ship is in transit. If so why would it be removed in Rotterdam rather than on station in WOS given that the roughest part of the journey is likely to be encountered during the final leg?

Boyzee
Had to admit that question occurred to me as well but I was too scared to ask for fear of being shot down. Why would it need to be re engineered at all - it will perform an identical job?

Ha ha!
"ghost in the machine" is British philosopher Gilbert Ryle's description of René Descartes' mind-body dualism

You're much more sophisticated than me. I'm a simple lad from Birmingham!

I think the spread is worrying for us small investors, investing out own hard earned. Such a spread can stop you behaving logically, restrains your selling even when it needs doing. It must be nice being a fund manager, able to be dispassionate about trades and trading solely on logic as its not your money!
If I were to take a negative view of this share, and wanted to set a stop loss, I would need to set a bid price of less than 1.20p. if that were triggered I would need more than one beer to cry into!!

Wellwell
Mostly agree but there are fundamental differneces between a fixed platform and this. Propulsion system for a start, which is one good reason to be pleased about the long haul from Dubai - that should prove reliability.

Believe me I am hoping this works.My holding has been creeping up again over the last couple of weeks during this (latest) price dip, to the extent that I wake up each morning thinking 'You tw*t'!