Member Info for LONGWAIT

Too bad about Newgrange, Manyana.

Does that mean that South Dunquin is next in line to start to be developed after Barryroe?

'That said there are none unknowns and unknown unknowns...'

My Google Translate page just self-destructed while trying to translate the above gem into English.

Many thanks to all attendees who reported on the AGM.

'Tony salary was addressed and as of now it remains but Pat Plunkett it's something that needs to be looked into down the line..'
Does that mean,
'Tony's salary was addressed and as of now it remains, but Pat Plunkett said it's something that needs to be looked into down the line..' ?

'The whole Apec deal looks like nothing more than a plan that gave the bronze and board more time to find funding and blame apec when funds didnt arrive, '

That's fine if you believe a conspiracy theory is the appropriate explanation for everything that goes wrong.
I suppose HSBC are in on the conspiracy too.

The fact that the share price has actually gone up today is encouraging.

If TOR is right and the money clears this month, the price can be expected to rise further.
I am, however, curious to know why he is so confident now, when only a short time ago he was threatening to end everything with APEC.

I can see the attraction of contingency payments to a prospective buyer, as they don't have to pay so much up-front and if things go wrong, they won't be hurt so badly.

The advantage to those shareholders who still have confidence in SOU's assets is obvious too.

I won't be buying until somewhere around 10p.

(Jimmy)

I doubt whether that will ever happen again with HUR, but I wish I had waited for 10p instead of buying initially at 40p five years ago.
The bottom was 8.85p.
It rarely pays to chase AIM shares and there are so many buying opportunities.
I am well familiar with the hysteria surrounding AIM shares.
I saw it at JOG recently, with hundreds of posts in one day about how it was imminently going heavenwards; it didn't and soon the number of posts was down to about six a day.
At CHAR, great excitement that we were about to breach 5p.
It didn't happen.
At PVR, we were 'certain' to breach 20p a year or two ago, but it's now below 6p.
Fortunately, at HUR we don't have rampers - just realists.

The thing that worries me is how long farm-outs take to negotiate.

If you're short of cash, you are in a weak bargaining position.

The question, ALGU, is not so much whether PVR can raise the $10m to go ahead, but what they would do when that runs out.

'where is the carbon copy of HUR ...?'

There isn't one.

That's why we have invested so heavily in it.

It would be a tragedy if developing all that should depend on a transfer from APEC clearing.

Based on IAM's production estimate and MCB55's figures, HUR is on a prospective P/E of 1.25.

Obviously fully-valued!

It's amazing how some people still argue that HUR isn't undervalued.

Presumably, if things hadn't gone as well as they have, - say Lancaster were producing only 5-10 kbpd - a fair share price would be 20p - or maybe 10p.

Not to worry, JTF.

All of us investors in SOU already have reduced life expectancy and some of us no longer have any expectancy.

The MMs will certainly add zero to today's share price, FB.

Having said that it needed financing to survive beyond August, PVR now says it's holding on till the end of September, which suggests to me it has never been as desperate as some people imagined.

'I do remember the days when if you said £1 per share you'd get a barrage of abuse.'

Nothing has changed - only the REASON someone predicting £1 per share is abused has changed.

From what I have heard, if Malcy is sulking, it's because Dr T hasn't been giving him sausage rolls.

I'm sure he could knock back a few crates of minstrels / treats / m&m s.

I've said before that HUR is greatly undervalued.

I'm used by now to the sagely explanation: 'The share price is low for a reason.'

I agree - the reason being that most people don't realise how undervalued it is.

You mean APEC sign such contracts just for fun and manage to fool HSBC into believing they have money?

'why is the share price not at £2 per share?'

Because the market, and most investors, still don't believe Barryroe will ever be developed.

Cocopops (that was a breakfast cerial: does it still carry the same name?),

Bad news, I'm afraid, Double:

Coco Pops are now "tasteless", customers have complained, after Kellogg's reduced the amount of sugar following pressure from the Government.

https://www.telegraph.co.uk/news/2018/08/03/coco-pops-fans-outraged-new-low-sugar-recipe-ruins-taste-removes/

With apologies for having called you a 'senior Oilie horse' (chuckle).