The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I would be happy with 60p this year, some on here still saying we will be £2? Not sure if they mean this year though? With large increase in production, good rbl and Exxon Jv who knows what what sp could be? We all just guessing and hoping. Said this before, but lots peoples averages are around the 30p so anything over that this year would at least mean people didn’t lose and the ones lucky to be in under 10p will still be happy? Good luck to all of us!
If good JV deal news comes I would like to think will be doing a lot more than 10p? Some of us with nearly 30p and above averages would like to think we will be surpassed by sp also. If bond holders are selling they must not think Jv coming this week/month?? I think we have longer to wait for this to go to 10p and then higher with a JV. Can’t see any amazing news before AGM?
I would be happy with £1 by Xmas haha. But short term x10 from here on Jv news would still be good no? Art needs to get lots of oil out this year with his latest fundraiser and we will all be ok. Just taking longer than we wanted and I think longer than Art intended/expected also. Got to hold tight for the various good news we have coming
Sentiment on this board goes from one extreme to another! Yesterday some expecting all kinds of amazing news from this RNS and waiting for £s. That was unrealistic and the big news is possibly a long way away like our production. Everything takes time……….. relax this was an end of year statement which we knew wasn’t going to be great reading? Hopefully sooner rather than later we start getting the positive updates we desperately want to hear. This board yo-yos and sometimes not realistic in time scales, copl has just hit reset button and got to get it right from now which is going to take time
In an ideal world a nice little rise tomorrow, then another for production increases, another for RBL and the monster one for JV with Exxon! Pounds would be incredible in 2023, but anything between 60p-£1 would still be great going from where we are
Can’t see Jv news tomorrow and £2 sp, think we got a bit of a wait for that? Rns going to be about the figures and hopefully a really positive statement added on the end saying what’s planned next and what we have got to look forward to soon without breaking any NDA ?
100% Panamabob! Is Arts plan now going take shape and give us a similar oilexico type SP rise? Production is going to be gradual and creep us up, but a great JV could give us a x10 from this point in a flash! Come on Art
Not deramping at all, my average nearly 30p so if got double yeah would be happy with 1.3m shares! The guy with over 11m share at 6.5p certainly would be happy with 60p I would think. Don’t take pieces out of my post which changes the context of what I said. If get £2 GREAT, I was just trying be realistic and point out all the chat about shares won’t matter. People from 5p to 35p don’t worry we would ALL still get some profits because of all the oil whatever your average. But don’t ramp and say £2 easy as been hearing that for years, it isn’t easy or Art would have had us there before now without the needed dilution. Just because might be new to the board don’t mean not been in this for years, came on board to try and get more understanding from some of the good posters on here but moment you ask a question or give realistic view you get jumped on by certain members and green boxed. I first bought in at 0.06 and sold with small profit. Bought back in when it hit 60p believe it or not thinking I missed out on the 1.20-2£ certain people keep saying it will be. Had to average down and down hence why so many shares owing so much. Imagine got more skin in the game than most on here so don’t say Im deramping. I think Art will pull it off, if he doesn’t I’m f****d. if had more money I would be buying lots more shares at these prices!!!!!
Lots of conspiracies, Art looking after his friends, Cayman Islands, lipstick company, Art don’t care as earns good wages etc etc etc! One or all of them could be true??? BUT what also could be true is Art doing his best and things just not going as smoothly and easily as he thought? Lots of business men bluff it and big things up to try and make it hence strap in and falling off his chair comments. Maybe his doing all he can, anyway he can to pull it off? If pulls it off we will forgive him and be happy. If he fails or just isn’t as good an oil man as he thinks we will hate him and all the told u so gang will be proved right. This isn’t a sure thing, it’s a big gamble that if comes off might make us all some profits
There is lots of oil all over that area, until you can prove that you can physically retrieve it all you just own land and machinery with debt? We now at the point where Art has the funds to try and make this work again as it wasn’t as easy and he thought obviously! We don’t like how his got the funds with dilution but probably all he could do and this where we are. From now he HAS to produce and prove its recoverable or yes we will be in trouble. Once he does the rbl and Jv should fall into place imo. Then the dilution, IF all converted, just means the people who thought getting £3 get £1 and people like me waiting for £1.20 get 60p. What you were expecting to get is reduced. It’s not gone as we all wanted but still in with very good chance of not losing and making profits, Art just has to be the oil man we bet on who done good with oilexico at the start
The bond, shares and dilution is awful, but his kept the lights on giving himself more time to ramp up production and land better finance and hopefully Jv. We don’t know what options were available to him to raise the money needed? This is probably all he had on offer? Worst case scenario we have 800m-1.2b shares??? If we get everything his promised will it not still be a profit for us all? Everyone saying 15-20p in no time which gives some people with these low averages a nice profit? The rest of us over 20p and 30p better hope he gives us amazing news so we can jump off the copl ride and at least break even if we not happy with Arts driving. Currently most of us under water? Best case scenario production up to 5k plus, good rbl, Exxon Jv and RS report saying got even more oil!!! What we worth then and what sp likely to be even with 1.2b confetti shares? Yes our dreams of the £s might be gone but should make a profit? We get a 10x from here I think people would still be happy? If it hits 50-60p I will be over the moon, that guy with over 11m shares at 6.5p certainly going to be a happy man! Hopefully we all get a profit but admittedly won’t be as big a one as we hoped before this latest fund raise.
If they can get the all these millions/billions of found RS confirmed oil out of the ground at a decent volume with the finances Art, by hook or by crook, has now managed to obtain we will then be producing, proving its doable and making a profit. Will probably then get rbl and Jv on much better terms soon after. Art has to get all the production up, then the rest that was promised should fall into place like many have already said on here. He thought was going to do it easily, but it hasn’t gone well YET. The new funds allow him to keep trying and then the rest of the plan should fall into place. We are betting on Art to get that oil out the ground!!!
What most of think and feel wookie……… but seeing and thinking negative stuff day after day year after year not healthy or going to have a positive effect on what Art does or sp. We got survive this bumpy down hill ride in hope we finish with a prize. Easy to say but we must stay positive and mentally strong. I wish I had just bet red or black at casino as would have been quick instead of years. We haven’t lost everything yet, going to take longer than we all expected, were promised and want to actually know if was a good or bad gamble.
There obviously lots of negatives at the moment, but also lots positives which in my position I have to believe are real and going to come off. If we genuinely have all that oil and it’s recoverable even the worst case scenario of share numbers won’t matter. Like I said many times Art either gonna pull it off or not! If invested in this share you have to believe/hope he will. I do think his purposely pushed the sp down with his RNS etc. I have no idea what benefit that would be to him though? Has everything gone smoothly in Arts plan, obviously not but his bought himself more time and a less weak position to reach his end game. His only one who knows what’s going on, the rest of us just guessing and putting pieces of a puzzle together in either a positive or negative way. I choose to try and stay positive, but aware I could lose on my massive gamble. That’s life and will moan about it IF the worst ACTUALLY happens and keep a positive view until then without any rose tinted glasses.