Member Info for LONGWAIT

I'm not surprised that the shares are 440p.

I suppose if I had predicted this a short while ago, I would have been dismissed as a lunatic.
That was around the time that some posters here were predicting a share price of less than 100p.

'This makes Providence shares look like the most underrated share on the market and they are likely to fly on the back of any confirmation that the $50m bond is actually in place.'

You wouldn't think so, judging by many of the comments during the last few days on this forum.
Anyone here who dares to say anything good about this company is a target for ridicule.
I was laughed at when I said yesterday that I had bought more PVR shares.
One of my posted comments was met by a drawing of a man whipping a dead horse - the horse symbolising PVR.
Don't you think such responses are pathetic?

I think what has happened is that more and more investors have thrown in the towel.

They don't believe that future RNSs will contain anything other than news of more delays.

I stayed.

There seems to be a mania on this forum for demoralising investors and potential investors.
No prediction can be too dire.

A veteran poster on HUR asked last year whether it was possible for Brent prices to go below zero.

It just goes to show how demoralised investors have become.

It looks as though the share price has bottomed.

See also:

Why oil prices will never return to $100 a barrel, in one chart
Published: Feb. 24, 2017 at 3:05 a.m. ET
Demand is never going to outstrip the world’s oil resources, BP expert says

https://www.marketwatch.com/story/why-oil-prices-will-never-return-to-100-a-barrel-in-one-chart-2017-02-22

Citigroup: Oil Will Never Return To $100
Jul 02, 2020

https://oilprice.com/Energy/Oil-Prices/Citigroup-Oil-Will-Never-Return-To-100.html

We may never see oil at $100 ever again
May 11, 2017

https://www.businessinsider.com/we-may-never-see-oil-at-100-ever-again-2017-5

You can add to the list the experts who predicted that the oil price would reach $200 in 2008, the poster who wrote 'Mark my words, PMO shares will fall to 5p,' but has never been heard from since, and the poster who was crowing when the share price recently fell below 20p.

Remind me of the scientist who declared categorically that covid-19 cannot last for more than 70 days, regardless of what precautionary actions are taken.

I read your comment, ranger4, but like so many people here you're stuck in the past.

I agree with you that TOR made wrong decisions, but that has no bearing on whether PVR will succeed under Alan Linn.

Amazing!

I remember a member posting a comment saying he too was 'glad' he had sold shares and bought TLW.
'Glad I bought TLW,' he said.
The following day, TLW shares collapsed.

By the way, I bought some more PVR shares today.

The share price is now more than four times the rights issue price to which some posters predicted the share price would fall.

Now some posters are saying that the price is way over-valued.

Somehow, on LSE shares are always overvalued but never undervalued!

I think, Soder, you have both mis-quoted and mis-applied that particular saying.

PMO shares reached 146p last year.

I suppose that wasn't going to happen either.

May I make a suggestion, Amran?

Please do not respond to TheShen's provocations!

He is a typical LSE company baiter, who crows when a share price is falling.

When the price takes off, it will send him packing.

I have not been able so far to find a copy of the Gherkin event, but I did find this:

https://www.youtube.com/watch?v=fMtARGQkTl8

The final line is:

'It is finally time to discover what is at the bottom of this particular rabbit hole.'

If I may correct some mistakes in my previous post:

'its former directors work all crooks' should read 'its former directors were all crooks.'

I actually meant AYM rather than DELT.

AYM recently rose from 1p to 10p.
CHAR rose from 1.36p to 14p offer, before halving.

This suggests that investors who have been able to average down to about 15p have a prospect of recovering their losses, even without further averaging down.
I hope no one is going to accuse me of being unfeeling, especially since I myself am losing about 92%, but it does not make sense to buy any AIM share at 80p.

It is conceivable that a price could go from 1p to 80p, but what are the chances of it going from 80p to 6400p?
You have to be a mooncheese to believe that.

Again and again, I've seen investors here get excited when a share price is high and lose all hope when it is on the floor,

I've read here of people who bought Sound shares at around 80p, investing huge sums in them.

Since the price collapsed, I've seen hundreds of comments about what a terrible company this is and how its former directors work all crooks.

Somehow, they have at the same time concluded that there is no hope for the company nor its shareholders.

If you look at the history of AIM oil companies, you see plenty whose share prices, having fallen to about 1p, recover strongly when the company finally gets it act together: PVR, CHAR, DELT to name three.

This seems to be the natural order of things.

No - they weren't right.

I wasn't actually referring to PVR.

And the share price of the particular company I had in mind is now multiples of what it was at the time that some members were saying that because of lack of communication, the management obviously didn't know what they were doing.

This forum has rules about how people conduct themselves.
I've reported people before for abusive and disruptive behaviour and they have been banned.
Contrary to what you say, I don't have any frustrations.
I am patiently awaiting developments.
I've come across this before, with some members attacking the management for 'lack of communication' and deducing that there must be something wrong with the company, when actually everything was fine.

What makes you think that my finances are any of your business?

'My guess is that SpotOn tried to move the goalposts from the deal ... They obviously do not give a stuff about shareholders here which is reflected in the markets reaction. Time to tell them to sod off, time is up, and go with plan b.'

That's an amazingly emotional and opinionated paragraph from someone who has not even invested in this company to write!

I have been a member for six and a half years and I have posted nearly 6000 comments, but I have never once told a company's CEO what to do, even after I have bought shares in the company.