Member Info for LONGWAIT

Thanks for your reply, Red Mouse, although I don't understand why 'MMs' is at the end.

I don't blame anyone for staying out or getting out of AIM.

I'm weary of the share price collapses - one after another.

It seems to be a shorter's paradise and inimical to genuine investment.

You need nerves of steel to stay with a company till its successful conclusion, especially if you read forums like this.

Several weeks ago, JOG's price was making new lows following a steep fall (following a major drill setback - what else?) and up popped a poster calling himself TriggerSaysDave.

He urged everyone to sell and said he was trying to save us all.

I reported one post and it was removed.

He predicted a share price fall to 30p, followed by a distress cash raise.

The share price is now 75p.

I just wonder whether the two Smart Alecs who predicted that HUR would fall to 16p and 17p a couple of years ago might re-appear here.

'Now WD has become the duster it was always destined to be. How do you propose making up the deficit in share price? For all the poor idiots that got sold a load of tosh by the usual suspects on this BB?
Buy more? You shouldn't have bought any and dumped it onto anything. Jeez, more chance at seeing a profit via blackjack'
I see events are following the usual pattern on AIM.
First, a non-commercial well causes a thirty per cent fall in the share price.
Second, we get a post 'reminding' us that only a complete fool would invest in a company like this and you would have a better chance in a casino.
We already knew that AIM is like a casino.
What has that got to do with HUR the company?
It recently started producing oil and is now a production as well as exploration company.
Didn't you notice?

If TE-5 is worth about 25p per share now but, as a poster said a few days ago, possibly worth about double that in terms of future revenue, how can a buyer lose out by paying 50p per share for the whole of Tendrara?

Sorry, SG.

I see that the second post was yours.

Does that mean I have infringed a copyright law?

Two recent comments from advfn:

'Someone in the know selling out. Probably OGIF I suspect'

'I think that the license is very valuable. But I would say that an outright sale of 50p or less would mean that JP has spectacularly failed to deliver and miserably failed to return the true value to the shareholders.'

OGIF can hardly be selling.
The second poster may be right, but if 50p per share is the highest bid and JP decided that it isn't enough, imagine how he would be attacked by shareholders for denying them the chance to recover their investment.
That is, assuming the size of the bid came to light.
If it didn't, then the share price would likely fall further as the market concludes that derisory offers or no offers were received.

Sidi Moktar is entirely separate from the sale.

You mean 1:5 ?

That's exactly what happened, Johnny.

The Warren Commission included Gerald Ford (who secretly reported the deliberations of the Commission to J.Edgar Hoover and suggested the position of the point of entry of the bullet that hit Kennedy in the back be raised about six inches in order to make it consistent with the single bullet theory) and Allen Dulles, former Director of the CIA, who had been fired by Kennedy!

I'm not familiar with the facts about Hillsborough, but what you say doesn't surprise me.
I would just add that Governor Connally called a press conference to contradict the Warren Commission Report's finding that he and President Kennedy were hit by a single bullet.

His wife agreed with him.

Connally pointed out that a bullet hit him too long after Kennedy was hit for the two hits to have been caused by one bullet, and his wife backed him up.

He said that either there were multiple gunmen or someone firing very rapidly (and way too rapidly for the gun fired to have been Oswald's).

I think there was only one gunman on the Grassy Knoll, with a getaway driver / lookout (I seem to remember that witnesses said they saw two people there).

The infuriating thing is that from the immediate aftermath of the assassination onwards, anyone who doubted the official (prepared) version of events has been told they are wrong/ cranks/ crackpots/ anti-establishment.

Even witnesses who said they heard more than three shots were told by police shortly after the assassination that there were only three - something the police could not possibly have known.

One witness said the second and third shots were almost simultaneous and was told by police he was mistaken, yet one of the secret servicemen in the motorcade testified later that there was 'almost no time element' between those two shots.

Everything points to multiple gunmen.

If you are right, Kas, then SOU would have been better advised to market TE-5 alone and try to raise money to fund a new drilling campaign.

They obviously think they can get a good deal for the rest of Tendrara, but if it's true that JP interrupted a director who was saying otherwise then one wonders.

However, I recall a year or two ago a director saying that he thought the seismic data were worth much more than JP himself had speculated.

The big question in my mind is whether SOU had received any informal indications of how much Tendrara could fetch, before deciding to market it.

'Surely the share price won't jump from this to something near 50p otherwise everyone would be piling in.'

Everyone would be piling in if they knew an offer of 50p per share were forthcoming and likely to be accepted.

Instead, if it happens, the share price will rise to that level overnight (whether or not the shares have been suspended) and it will be too late to get on board.

AIM is almost all gloom and doom.
In former markets, there was real optimism.
In the 1980s and 1990s, all new share issues were massively oversubscribed, with investors excited about any new company's prospects.
Nowadays, most people expect AIM companies to go bust and any drill to fail.
Over on HUR, there were worries that finance couldn't be raised, first oil wouldn't happen, and now posters are worrying that something has gone wrong that the market knows about.
No doubt a researcher could date the beginning of this new depressive state, but I would guess it goes back ten years.

May I ask the following question:

Knowing that TE-5 has been independently valued at about 25 p per share, if SOU wanted to be in a position to distribute about 20 p per share to shareholders, why didn't they simply put TE-5 up for sale?

The fact that they put the whole of Tendrara up for sale suggests that they think that a realistic price for it must be significantly higher than 25 p per share.

I notice that you are interested in BLVN.

Here is a comment by a BLVN poster today:
'Been in here for a couple of years and decided it is time to sell out at a loss and move on to other opportunities.'

Sound familiar?

I just sent some feedback for the first time a few minutes ago.

Something similar happened with the ii discussion website; I stopped using it and I think most other posters did too.

Even trading platforms have become less user-friendly, in my opinion.

Are other posters also finding that the website is slower since the format changed?

There's nothing wrong with HUR and everything wrong with AIM.

If there were something wrong with HUR, the shares would now be about 10p.

The price was held back by fears that FOIL would not happen; it happened; the price falls almost all the way back.

That's manipulation.

Are other posters also finding that the website is slower since the format changed?

There's nothing wrong with HUR and everything wrong with AIM.

If there were something wrong with HUR, the shares would now be about 10p.

The price was held back by fears that FOIL would not happen; it happened; the price falls almost all the way back.

That's manipulation.

Unless there really is bad news the market knows about, then the share price is being manipulated as usual.

Maybe it's time to move to a FTSE listing and make things slightly more difficult for the manipulators.

Sorry.

My point about HUR was posted in error.