Member Info for LONGWAIT

JOG has almost certainly bottomed - barring a stock market crash - and in time should get back to 249p.

As for HUR and AIM, maybe it's time to leave AIM and get a full listing.

Maybe that would make manipulation of the share price slightly more difficult.

I don't like the share price and I don't like the new format either.

No-one knows what's going on behind closed doors.

I've read posts predicting that no-one will bid for SOU, that a bid of several times its market capitalization is impossible, that it's worth between 5 and 10 p per share, that the company is going bust, etc.

It's like a bandwagon in reverse.

Over on JOG, a poster calling himself TriggerSaysDave predicted a fall to 30p, followed by a cash raise in distress.

Instead, the company received 3p per share in a legal settlement, a private investor has taken a 9.8 percent stake, and the share price has risen to 66p.

TriggerSaysDave was actually urging every poster to sell and claimed he was trying to save us.

Yes.

You are right.

If no reasonable bid is received, then SOU will have to try to raise money to develop TE-5 and for a drilling program.

It seems to me they should consider something new - like Sidi Moktar.

I've been wondering, Jim, whether CA's obligatory share sales could keep the price capped at about 67 p until something dramatic, like a bid for HUR or some of its assets, sends the price skywards.

What would CA do then? - sell almost its entire holding in order to abide by its own rules?

How does RB expect his prediction of a 17 bn pounds company to materialize if he won't even allow the price to make a new high?

Well, wellwell, I've been seeing posts here for about five years speculating about there being something wrong.

So far, nothing has gone wrong, but I wouldn't wish to deny the sceptics their moment of glory if something does finally go wrong.

The only thing I'm aware of that has gone wrong and is related to falls in the share price is the manipulation that takes place every time we breach 60p.

I don't mean to alarm anyone, but Boris Johnson is refusing to rule out suspending Mars bars:

Food industry experts last year warned the government that makers of the chocolate bar could be forced to halt production in a hard Brexit scenario and the price of confectionery could rise drastically.

https://www.bloomberg.com/news/articles/2019-06-27/johnson-zigzags-again-says-no-deal-exit-unlikely-brexit-update

I don't want to be accused of blatant and irresponsible ramping, but I wonder whether we could be somewhere near the bottom.

Not wishing to disappoint the poster who predicted 7p, but shorters must be running out of mileage - not to mention increasingly nervous of a reversal - and anyone who has lost confidence must by now have sold.

Don't you mean spam fritters, JTF?

Presumably, Griffiths disagrees with TriggerSaysDave that the price is going to 30p, followed by a desperate cash raise.

I'd like to know JP's forecast.

You don't mean deep-fried Mars bars, followed by Mars bar ice cream?

No wonder they have high rates of heart disease.

Is anyone going to accuse Partridge of being paid by JP to comment that Tendrara could fetch 30.5 p per share?

Something like a gherkin by proxy?

This BB has really deteriorated, under the stresses that have resulted from a collapsed share price.

Conspiracy theories are a bad sign, with posters being accused of being paid by JP to write positive posts (wouldn't it he easier to bribe negative posters by offering to cover their losses?)

The discussion is being dominated by the share price, as though looking at the share price were like looking at a crystal ball.

Let's say this process continues for six months and the price drifts down to 4p.

Many posters will argue that that is confirmation that no reasonable offers have been received.

That would be to assume that there can be no element of surprise in the stock market.

The truth is that we won't know anything until the company tells us.

... which equates roughly to your figure of 2TCF = £1.50 .

' One tcf of gas which is totally recovered to surface is worth £1.50 to sound.'

You mean that's what SOU originally said - not a statement of fact as above?

My recollection is that JP was reported to have said that 1 TCF gas in place would be worth £1.50 to SOU.

Later, a poster had correspondence with another director and, as I posted the other day, gave a much lower figure - somewhere close to 70p, in line with the valuation of TE-5.

I can't help feeling that if a major had farmed into Sidi Moktar, sentiment might be considerably better and, by now, SOU might have made the breakthrough it hasn't in Tendrara.

I don't find it exciting, either.

It is certainly intriguing.

As a general rule, one should only commit funds to AIM companies when they appear to be in their death throes.

Maybe you're right: maybe many investors are belatedly giving up.

I believe it's known as capitulation.

That would be 7p for TE-5 (less than a third of its independent valuation) and nothing for the rest of Tendrara, an area twice the size of Qatar?

And on what information would they base such a valuation?