Member Info for LONGWAIT

I started averaging up on LOGP at around the same level and after my third purchase sensed something was wrong.
I got out at about 8p and out of PVR at about 80p.

I did that without advice from a self-declared shorter who has admitted to enjoying seeing you and me losing money here.
If you had taken his advice on JOG, you would have missed out on a rise of nearly 225 percent.
In the last few years, LOGP shares have risen from 0.53p to about 3p, a rise of about 500 percent, and from 0.2p to 2.75p, a rise of about 1,275 percent.

TheShen was doubtless predicting further falls at the bottom both times.

There are plenty of know-alls on LSE who get a kick out of predicting that a downtrend will continue and think it makes them look clever.

Here are two very recent examples:
One of them predicted that PMO would fall to 5p, but instead it went to 30p.
Another predicted 95p for TUI, but instead it has gone to 450p.

There is nothing clever about TheShen's predictions.
He has been making money from a falling market and deriving Schadenfreude from others' misfortune, but when the bull market arrives, as day follows night, he won't be able to do either any more.

Two of TheShen's posts - in which he called other members idiots and clowns - have been removed.
He called me a charlatan and more or less called SpotOn charlatans too.

He urged investors to sell shares in JOG when it was 77p, predicting further falls.
It was in fact the bottom and is now about 230p.

How has he saved them money?

He has admitted that he has been shorting LOGP, which does not exactly make him a disinterested party, just giving people advice in order to save them money.

He has also said that he enjoys seeing people lose money investing in LOGP, which implies that he enjoys seeing people lose money on PVR.

You credit him with saving you money.

The truth is that he actually wants you to lose it.

'... looks like the investors are taking their profits .....'

(insidious)

Just in case you thought that this board had any contact with reality at all, we get the comment above.
To explain how it is possible for shareholders to be taking profits on the day the share price reached its all-time low, a person with the imagination of a Tymers would be required.

He claimed that he had consistently been making profits by trading UKOG shares.
The only way one could do that would be by shorting the stock.

You seem to have missed my point entirely, which is that what he has been writing here has nothing to do with any opinion of his.

You seem to have missed my point entirely, which is that what he has been writing here has nothing to do with any opinion of his.

I don't know whether they have been permanently removed, but TheShen's last two posts no longer appear.

Could that have something to do with the fact that in both posts he called other members idiots and clowns?

Is it just a coincidence that in one of them he said that buying these shares is a way of losing all your money?

What actually is the point of his being allowed to remain a member of this forum?
Why is he permitted to devote all his time here to ridiculing and rubbishing companies with interests in the Barryroe project and anyone who dares to invest in them?

I agree PC.

It's amazing how some people turn an asset into a liability.

If you have a lot of oil in the ground, then it costs a lot of money to extract it.

I suppose if the cost of extracting it were low, the same people would be saying that there is so little oil in the ground that no-one would be interested in extracting it.

With all the potential that the company has I believe that 40p is ludicrously cheap and I expect a much higher valuation to be achieved in the coming months.

(Malcy on LOGP, 7 August 2013.

LOGP subsequently hit a low of 0.2p and are currently about 1p.)

I continue to view VOG as a significant opportunity and remain with my current target price of 200p.

(Malcy on VOG, 13 April 2017)

The shares were about 69p.
They are now 4.28p

A different funding structure has been proposed by SpotOn involving an increased contribution to the financing by the consortium and the bond investors.

“Discussions to secure this increased commitment are well advanced. SpotOn has confirmed that it believes that funding will be completed within the period granted under the extension,” Providence said today...

A conditional part of the farm-out agreement involves SpotOn securing a minimum of $166m (€137m) in funding to finance 100pc of the costs associated with an early development programme for Barryroe.

Providence said today that “the Barryroe partners have been advised that SpotOn is confident of raising the funds set out in the farm-out agreement.”

https://www.independent.ie/business/irish/providence-resources-extends-farm-out-agreement-for-the-barryroe-licence-40143366.html

You're welcome, Ian.

Your figure of £8.60 would have been correct had the rights issue been one-for-one, but it was 25 for 29, making the calculation considerably more complicated.

It's difficult to say whether the shares still offer good value.
Had you bought at 218p and taken up your rights, you would now be making 160 percent, but to make similar returns by buying now could take several years, as it would (when taking the rights issue into account) require an even higher valuation than the previous high of £18.18.

I make it £7.21, not £8.60 - based on an exchange rate of £1 = €1.12.

TheShen, as bones698, on advfn, on 2 November 2020, wrote the following about JOG:

'Some people really need to look at who the liars are in these boards and its not the bears but the bulls... Still expect this to fall further'

The share price at that time was, as he noted, 77p.
You can check the chart and see that 77p was the bottom and that JOG was recently 250p.

Who is the liar, then, Shen?

You may as well know, Amran, that Shen (as his alter ego, bones698, on advfn) claims already to have shorted LOGP.

He has also said there that he 'enjoys' - and I'm using his word - seeing people lose money by investing in LOGP.

It is obvious from his comments on both forums that he likes to humiliate people by confronting them with their losses.

That means he's both a shorter and a sadist.

Thanks for reminding us, Kenni, although I'm not sure that HappyInvestor100 is the member who predicted specifically a 5 pence price, because I haven't been able to find that comment.

Here, however, is a selection of his comments and price predictions:

08 Oct 2020 10:11
I may buy a few PMO shares at 6-7p per share.

08 Oct 2020 07:10
I think PMO will be in single digits by Christmas.

07 Oct 2020 08:52
Don't shoot the messenger, mate. This unfolding car crash is not of my making but it was totally predictable. Have I not been almost right on most things?
Those ramping are the ones who ought to eat a large slice of humble pie.

07 Oct 2020 08:47
10p and lower coming my friends!

The long death...01 Oct 2020 11:24
10p is odds-on by November...

23 Sep 2020 08:44
I think you peeps are the mad ones because you don't see that you're mad. You are in a perpetual cycle of denial. Some you actually believe PMO will make you rich - ha, ha, ha!
We shall see. And, yes, I will be the voice that says, "I told you so".

His comments on HUR:

15 Sep 2020 11:38
bottom line is this company is insolvent to all intents and purposes in my opinion...1p by Christmas...

14 Sep 2020 17:45
Equity is worthless.
Can't believe peeps can't see it.

HUR shares are now 3.67p.
They never fell below 2p, just as PMO never fell below 10p.
HUR is a profitable company, producing about 12,000 barrels of oil per day.
Its profit in December was $19 Million, which with rising oil prices and expected increases in production could increase substantially.

When that happens, HappyInvestor100 can be expected to become a convert to HUR as well as to PMO.

Where's the poster who smugly declared: 'Mark my words: this will be 5p'?

Thanks Zephra and well spotted!

Yes - you are right: TheShen (LSE) = bones698 (advfn)

'sad really' isn't it?
'sad really' is just one of the giveaways of his writing style.

So what can we say about him now that we know his identity?
Well, over on advfn he has been saying that he enjoys seeing people lose money by investing in LOGP, which entirely substantiates the allegations I made that he enjoys upsetting people and that what he is doing is akin to various anti-social activities.

He also denied that he had lost money by investing in LOGP: he said he had never invested in it but that he had shorted it a couple of times.

It's nice to have a self-confessed LOGP shorter on this forum!

I agree with you that the general writing style of these two posters is very similar, but there is another fact that suggests strongly that the two of them are one and the same:

Twelve minutes after you had unmasked him, he posted a comment in the same thread without acknowledging his unmasking and without denying that he is indeed bones698.

Here's one other thought: over on advfn on the LOGP pages, he boasted that he had been proven right about JOG and that he had posted comments to that effect somewhere.
Now is that not curious?
In my last post, I started off by talking about TriggersaysDave and his prediction that JOG would go bust.
JOG shares are 227.5p.
I would be interested to know where bones698/TheShen posted his comments about JOG.

I was accused previously of trying to get 'suckers' to invest in a company.

It was by TriggerSaysDave, about JOG.

Like TheShen, he predicted that it would go bust.

He was banned by administrators which is what likely will happen to TheShen in time.

JOG is now valued at nearly four times its value at that time.

You have to ask yourself what kind of person would claim that I am nursing massive losses without his having any knowledge of the prices at which I had invested in this company.

I admit that I am making a loss.
I was on the verge of buying some more for 0.3 p.
It's a pity that I didn't, because I would now be in healthy profit overall.
As it is, overall my investment is showing a loss of 12.5 percent.
Anyone can deduce from the fact that the price was 2.75p only 3 months ago that I have in recent months been in profit more than in loss for some time.
Even if I were the unscrupulous and devilish character that TheShen makes me out to be, it's amazing that anyone would suggest that I would go to such lengths in order to erase a 12.5 percent loss.

The question I'm asking myself is: where does this Shen come from?

He arrived on LSE 7 weeks ago and has posted comments only on companies with an interest in Barryroe.
Is it really believable that he has no former incarnation on the LSE forum?
Is it really believable that he started predicting that companies would go bust and making his accusations against long term investors just 7 weeks ago?

It's actually 311 million barrels plus the equivalent of 35000000 barrels in gas.

Even Alan Linn got it wrong in an interview: I think he said 340.

My calculation was more like 80 times, but if they find more oil further down and the price of oil continues to rise, 80 times will look very conservative.

I've seen loads of posters like TheShen.

In my opinion, they are sociopaths who enjoy upsetting other people.

Many of them have been banned, including petercraigscot, who predicted that Hurricane Energy would be would be bust by September 2020 and TriggersaysDave, who predicted in July 2019 that Jersey Oil and Gas would be bust within a year.

That's one of their specialties: predicting that certain companies will go bust.

It's quite obvious that this company has a bright future, so why is TheShen predicting that it will go bust?

The answer is: for the same reason that some people commit acts of arson or send people poison pen letters or commit acts of vandalism.

Remember that Linn said he would be quite happy with the profits that would accrue at $60 per barrel (say 62-63 to PVR), but that he did not expect the price to go much above $60.