Member Info for LONGWAIT

Before First Oil, some people were saying that HUR was overvalued because you can't justify a £1bn market capitalisation for a company that hasn't any income and, of course, we were told that FB is an 'unproven concept' and the oil might never flow.
Now that it has income, they're pointing to the failed Warwick Deep drill, which they say throws into doubt the entire HUR project (meaning, presumably, that the barrels HUR is now selling are really empty).
The other prediction is that the oil will dry up ; in other words, after waiting millions of years for Dr Trice to turn up, it says, 'You're too late - we've changed our minds!'
The other objection to investment in HUR is that something 'could go wrong.'
That is perfectly true, but why apply that reservation to HUR in particular?
Something could go wrong with any company; why not argue instead against investing in any and all companies?
I agree with you that the shares are cheap; based on your calculations, it's heading for a P/E ratio of about 5.
I've been saying they're cheap for a long time, but am spending more time in the freezer nowadays in order to get away from the 'noise' and avoid being accused of being a ramper with an agenda.

'HUR is my last chance on AIM'

Well, you couldn't have made a better choice.

As I noted at the time, the total fall in share price (pre-WD failure and post-) was 33 percent.

An analyst had estimated the NAV at about 350p per share, of which about 10p or three percent depended on WD.

The Market won't have any say in the eventual takeover price.

I didn't mention JOG in relation to raising of capital, Foresight.

Take a look at JOG.
When I and other posters were buying in the range of 57-76 p, there were very few posts.
TSD predicted 30p and hardly anyone was interested.
Starting this week, there have been hundreds of posts each day, with predictions of '300p this week' and '250p tomorrow.'
It hasn't happened.
Most posters and 'investors' on AIM are looking for excitement, not value.

It's AIM!

I completely agree with your comments, DU.

I would add HUR to your shortlist, for the same reasons.

I've been invested in it for five years and been posting comments on it for five years and that BB is littered with the 'bodies' of investors who haven't lasted the course.

Most people on LSE are not looking for value but excitement.

My last investment in JOG was at 68.5p.

I agree with you, PC01, that if the price falls to 110p, it will be in extreme bargain territory, but in terms of share price prediction, AO is no more at fault than many others here.
One poster predicted yesterday a 'breakout' with the price hitting 250p either today or Monday.
Some posters were predicting a rapid move to 300p a couple of days ago.
We are obviously in a consolidation phase now.
As I said, you need only look at SQZ to see the way these shares can be expected to behave, and it isn't the way most posters imagine.

I've been invested here for just a few weeks, but posting on LSE for five years.
The attitudes of many posters here are typical of LSE AIM: first, great excitement and certainty that the price would breach 5p.
Then certainty that the price would fall back to 3p.
Now people selling.
When everyone has given up, the price will be ready to soar!

I don't understand what Peter Bonetti has to do with this, unless he has become a director of Chuckle Energy.

The last I heard was that he had become a postman.

'if he hadn't made Hitler pause for a year, we would not live in a deeply anti-semitic Europe run by and for Germany. '

Not sure what you mean.

Do you mean, 'We would not have' or 'We would not now'?

I invested in JOG originally because I thought it might become another SQZ.
The transformation is similar, but the price action is not.
SQZ came back from suspension at double its pre-suspension price and before long doubled again, but it has not made further progress since.
JOG hardly increased following the announcement, but then quickly trebled (or almost) in price.
I agree that it's worth much more, but then SQZ must be too, yet it's been treading water for a long time, while investors wait for further news.
I have a feeling something similar will happen with JOG.

Fascinating reminiscences, Double.

I was afraid my joke might be open to mis-interpretation and wasn't even sure whether I should write 'oilies' or 'Oilies'.

It would be nice to have a romantic date, chatting with a hot woman about HUR's prospects - maybe about the excitement at JOG too.

Can't see it happening, though.

Eh bien, j'ai un diplôme en mathématiques.

À l'avenir, tous mes commentaires seront en anglais.

Chamberlain didn't lie about making peace with Germany, Manyana.

It wasn't peace, and it wasn't peace with honour, and the piece of paper was worthless, as Chamberlain realised in due course.

He thought he trapped Hitler by getting him to sign it, but Hitler told Ribbentrop that it 'meant nothing.'

A salutary lesson for anyone considering signing peace accords with dictators.

' unlikely to attract the attention of the sort of girls I go out with.'

You mean Oilies, Double?

That's got to be the maddest reply I've ever received in five years of posting on HUR.

I simply said that I thought the price had bottomed out and get accused of being a 'pathetic' ramper.
I hadn't even predicted a RISE in the share price!

When I object to Daltry's lack of civility, he makes fun of me and says I'm sulking.

Most of us come here to discuss the company's prospects in a normal way, without being abusive or condescending.

If you can't manage it, I suggest you go to a forum where people like that kind of thing.

If you can't be civil, Daltry, don't bother posting.

I've been here for five years and you're the first poster to accuse me of being a ramper.

I remember posting a comment, 'Am I the only one who senses that the share price has bottomed out?' when the price was 24p.

I have a similar feeling now.

The directors were no longer privy to any inside information once the RNS had been publicised, so that couldn't have prevented them from buying at 90p.

The fact that he bought at double that price shows his confidence, but it doesn't prove anything else!

It is quite common for directors to buy shares prior to a big price correction.