Member Info for LONGWAIT

WH Ireland value JOG at 479p per share, which in my and DU's humble opinion is a very conservative valuation.

That makes the vampire's opinion that the company is worth just 15p per share completely unbelievable, like just about everything else he writes here.

'Turkey is the big win .... Buy and hold in the lows or wait for drilling to start.
You choice chaps but wait for the drilling start and you could be paying far north off here just like 88E compared to a week ago.
We do know Turkey drill will start soon....so why wait to build that position.'

Sorry, Trollhunter2, but the likes of you - need I mention Tymers, who has cleared off to PMO - were ramping this share long before Turkey was ever mentioned.

You were urging people to buy at 0.9p:
'2020 is going to be a great transformational year for UKOG... are you part of it or not?'

I suppose it was transformational, if a fall in the share price of about 90% is your kind of thing.

Last year, you said that UKOG shares were 'A gift to long term value creation investors at anything below 3p'.

Six days later, you wrote: '£2bln - £5bln market cap is the target'.

Just in case any new readers are thinking of investing, based on TH2's ramping, the market capitalisation is £16m, which means that TH2 was talking about the market value of UKOG increasing by 125 to 312 times.

Since the issuance of new shares has not resulted in any increase in market capitalisation - since it is invariably accompanied by further price falls - that means TH2 expects UKOG to be a 125 to 312 x bagger.

That would mean a share price of between 15p and 37.5p.

That's hardly demanding when you consider that he was predicting a share price of between 50p and 100p by September of this year.

Please click on 'Recommend'!

Just in case anyone reading this forum is inclined to believe anything that the poster calling himself vampirekitten writes here, including his ridiculous remark that JOG shares are worth 15 p, take a look at what he has been writing recently about three other companies:
Posted in: CGNR
14 Jan 2021 21:49
Price: 35.50
'It will fall to around 30P bid tomorrow followed by a further fall to 25P next week .'

It didn't!
It fell to 34p the next day and rose to 41p the following week.
Did Vampirekitten admit he had got it wrong?
No; instead, on 23 January, he warned of a fall to 10p.

Posted in: KDR
04 Mar 2021 12:53
Price: 4.20

'Just 3.75P now for ya sells as the seller continues to sell down their holding the shorters are jumping in on the back of this to short for a quick buck down to 2P.'

The price didn't fall to 2p; instead, it stayed in a narrow range between 4.2 and 4.3, before rising to 5.1p.
Vampirekitten's response?
Silence!

Posted in: LBE
08 Mar 2021 15:12
Price: 68.00

'Man the lifeboats !'

Would it surprise you to learn that on the very day the vampire kitten was predicting catastrophe, the share price bottomed and has since risen steadily to 79 p?

Vampire kitten is now saying that it looks as though bones698 was right about JOG.
What he fails to mention is that bones698 predicted a falling share price at 77p on the very day it bottomed at 77p before rising to 250p.

Bones698 (aka TheShen) and vampirekitten like to see others losing money, but events have not been going their way.

You're seriously suggesting, Mike, that the price will have fallen by 70 to 80% by the time in bottoms out?

Well, PC, I suppose the bad news is that everyone was expecting that during the next year or two, while JOG is trying to farm out its assets, it would miraculously be able to carry on without any extra funding.

Very bad news in my opinion would be that they need to raise money but can't.

Bad news would be that they are able to raise money, but because the share price is about 50 p, the placing will have to be at about 40 p.

If the share price had been 50 p immediately before today's announcement,then quite obviously the share price could not have fallen by nearly 50 p.

The fact that it has fallen by so much has of course been made possible by the rise in the share price from 50 pence to 250 p.

Most people would see that as a very good sign; instead, we have poster after poster telling us this is a disaster.

Well, well!

vampirekitten, like a vulture scenting blood, makes his first appearance in three weeks to warn of impending doom.

But what was he saying just over three weeks ago?
16 Feb 2021 16:23
Price: 253.00

'I'm sure everyone is in agreement JOG is under valued however I'm expecting a healthy pull back as share prices never continue going up in a straight line.'

Talk about trying to have it both ways!

I was trying to check that before posting my last comment.
I couldn't actually remember being charged stamp duty when I bought the shares.
I stand corrected, but when a share price's 52-week low is 1p, it does seem very much like an AIM company and I doubt whether its share price is going to behave very differently.
It isn't exactly a blue chip - is it?

I would not claim to be an expert on the workings of the AIM market but I have been investing in oil and sometimes metal companies on it for more than 6 years, during which time I've noticed some patterns of share price behaviour and of reactions from investors.

When a share price keeps going down, when logic seems to suggest that it should go up, many investors accuse the market makers of manipulating the price. There may be some manipulation, but in my opinion such downward movements are usually caused by people taking profits - and I suppose by 'people' I mean in the main traders.

It's uncanny how often when a share price seems to be taking off, it goes down and then we see many posters rationalising the movement either in terms of market maker manipulation or something wrong with the company that we hadn't thought of and maybe it's not so good after all - exactly the kind of comments posted today.

Either this company is good and reasonably priced, in which case we should all be sitting tight, or it isn't - in which case we shouldn't be investing in it!

I did say that I thought the share price was bottoming out as it approached 5 p, and so far I've been proved correct.
I said the same thing when people were going mad because Chariot Oil had fallen from 14 p to 7 pence and I said I thought 7 pence or thereabouts would be the bottom. It's now 10.3p.

In my opinion, the hardest thing about playing this market is not knowing for sure why a share price falls sharply. The big question is: 'is it just profit taking or is it insider trading?'

In the case of this company, I would say it must be the former because there has been good news of late and it seems too early for things to be going wrong. Also the placing, which pulled the price back from the high, was done only recently and it seems unlikely that we're going to get another placing for some time.

If the shares do eventually start to fly to the sky, there will be a mad rush to buy them and when that happens the starting price will be considerably higher than it is today.

I think you meant 0.5p, not .05p, Qwerty, but give SS time and we should get there some time this year.

Well spotted, Yam - I got the wrong commodity.

Most of my holdings are in oil companies, but there are often commodity bull markets in oil, gas and metals, at the same time.

Yes, Yam.

I just forgot the news was about Labrador and as it's in North America, that's why Awin was watching the Canadian open.

As you may have gathered, I don't know much about AYM, but my biggest investment is in a company I thought I knew plenty about, yet it turns out that much of what I thought I knew wasn't actually true, so I'm not sure one can ever be sure what one knows about a company.

Based on what I had read, I thought it was very undervalued at 1.5p, way oversold at 5.2p, and apparently in a bull run now, which could last for a long time, especially if the oil price stays high.

I thought he might mean the New York open, but couldn't see the relevance.

Isn't there enough going on at Anglesey, without having to bring in labradors@

I don't know what you mean by the price being up 25 percent at the open.

When I looked this morning, it was unchanged, with an offer price of 5.2p.
I was tempted to buy some morr, having set a target of 5p, sensing that it had bottomed, but have had to pay a premium.

I bought my core holding at 1.6p and refer to my comments posted at 05 Mar 2021 12:49 when the mid-price was 5.35p:

'... the price is close to the bottom.'

I hope dukey1234 didn't sell.
His comment 'this company is a waste of time' is looking rather out-of-date now.

It's a pity that PMO shareholders have lost out.
It isn't that long ago that the share price was 146p.
But at least we should be able to put the constant moaning about shorting, PMO being a trader's share, and the regular scares about not being able to pay off debt, behind us.

I myself have been battling derampers here, Tymers, without your help.

I only hope your arrival is not the death-knell for PMO.

After years of relentless ramping on UKOG, you have obviously done a bunk and are looking for other company boards.
Suffice it to say that anyone who can predict 100p per share, telling everyone 'buy more at this bargain gift price... buy as many as you can now... ... are you part of it or not? .. A gift to long term value creation investors at anything below 3p ... 5p-10p in no time when 1300+bopd flows are reported... £2bln - £5bln market cap is the target... Will it be a 800 barrel day or just 400 today ??? :-)' and then clear off as the share price approaches zero ( currently at an all-time-low of 0.12 p) is hardly a welcome addition to any board.

And don't try calling me a ramper in retaliation.
Anyone can read and compare my posted comments with yours and see that I'm not the one who does an impression of a market-stall vendor.

Yes, Ray.
I can't remember at what price, but I think considerably lower than 2p, and certainly below 1p, but I remember reports of the numbers of tankers sighted and one poster celebrating about 800 bopd.
I responded that when an RNS announces 800 bopd, then we can celebrate.

There has been no RNS since.

I've never come across a company like this, that won't even say how much it is producing.

Is it even permitted under AIM rules?

The fact that he's close to breaking point and selling tells me two things: he bought too high and the price is close to the bottom.

Neither of these facts reflects badly on the company.

LSE is full of investors complaining about companies when in reality the only thing that is wrong is that they overpaid for their shares.

That's a normal reaction from a typically-impatient AIM investor during a normal correction.

'This is a steal at these prices'

It was a steal at 0.75p!
The company was producing oil and obviously had a future, yet many people were saying that oil companies had no value because no one wanted oil any more and no one was going to use it any more.
I thought LSE had gone mad, especially when one veteran poster on another company asked whether it was possible for Brent to go negative.
We then had the incessant moaning on this forum about how useless this company is, because nothing ever happens and the share price never goes up.
The truth is the there are many good companies on AIM but they were overpriced and bought by too many LSE members who have too little patience.