Member Info for LONGWAIT

Note my use of 'If,' Double!

I think the OP was saying that it was a false Malcy quote, but I'm having difficulty deciphering some posts nowadays, especially as some posters make liberal use of sarcasm.

I agree with Biffa.

The fact that Malcy has been badly wrong about other companies doesn't mean he's wrong about this one.

I understand now.

You mean he predicted 800 p.

I think possibly I remember.

Well, as I've pointed out a couple of times previously, he said LOGP were very undervalued at 40 p and they then fell to 0.47 p.

But I don't need Malcy quotes or false Malcy quotes where HUR are concerned.

I don't understand your post either.

Are you saying that Malcy was right or wrong?

Whichever way you look at it, Wulbert, with the reserves HUR appears to have, the shares should in due course be worth pounds per share.

If Malcy has been talking about a ten-bagger, he can't be far wrong.

What's false about that?

I'm not sure that I can follow your argument.

You seem to be saying that HUR cannot be expected to increase in value by ten times to about $13 bn, yet she would needs similar reserves of only 1.37 bboe in order to justify that price.

I am also desperately short of sleep, Double, and could follow your last post until you mentioned Mahler, when you lost me.

... unless you're referring to the Resurrection Symphony (Number 2) ...

I agree that we should all wait for news - except perhaps for those who have given up.

' duped into losing everything.'

Isn't that rather premature?

The receivers haven't been called in yet.

'£1.50 Failure'

I know what you mean, as there was a time when most people were expecting several multiples of that, but since averaging down, that would give me a profit of 363 percent.

I wouldn't count that as a failure.

It won't make much difference in the long run, Makinhay.

I have never sold a share in five years and last time I bought was for 24.5 p.

It's incredibly boring, but I bought into what I believed would become a successful company - not just a successful share price.

Whilst it is possible that the share price will reach 631 p, the valuations of South Dunquin and Newgrange assume they are successful.

In the event they are, like Druid and Drombeg, full of water, they will add nothing to the company's valuation.

Still, it is possible that PVR shares will be trading at pounds per share instead of pence per share within the next few years.

Definitely worth accumulating on any weakness.

'i do think we are missing out on why we are valued here ... [JOG] cannot get THAT oil out of the ground by itself so needs Equinor or A.N.other to help ... I think if we get a green light from Equinor that its here to stay ... then we are likely stuck with said low valuation.'

I don't get that.

Some of the comments are not justified.

Of course, two directors buying 150,000 shares each is nothing to get very excited about, and no-one has.

But it is a good sign, especially after the decision to sell the asset.

People complain that these are insignificant amounts, but if the company fails then the directors will lose about 28,000 pounds between them.

How much would they have to lose for posters to say that it actually makes any difference?

(reposted with correction)

I would have thought that someone with more than 2,000 posts to his name would have noticed that TE-5 has been independently (and some think conservatively) valued at 27 p per share, and also that a few days ago, a director bought 150,000 shares at 12 p.

To imply that anyone who thinks these shares are worth more than 10 p is fantasizing is ludicrous, but I've seen similar ridicule on HUR, JOG, FOG ... you name it.

I would have thought that someone with more than 2,000 posts to his name would have noticed that TE-5 has been independently (and some think conservatively) valued at 27 p per share, and also that a few days ago, a director bought 150,000 shares at 12 p.

To imply that anyone who thinks these shares are worth more than 10 p is ludicrous, but I've seen similar ridicule on HUR, JOG, FOG ... you name it.

I agree with you, Dickupham, that the share rating is derisory, but not that it implies no upside.

The lower the price goes, the greater the upside.

I think it's valued at about 12 p per share above cash, but last week, when it was 59 p to buy, it was just above cash.

Wish I had bought more at that level.

Time to remind ourselves that TriggerSays Dave, who confidently / clairvoyantly predicted a fall to 30 p per share and a rights issue, has gone strangely quiet.

We're dying to hear his take on the 750,000 pounds.

I suppose he'd say it's peanuts / monopoly money / counterfeit / a fake publicity stunt / Total are really bankrupt and the cheque will bounce ...

I'm not surprised Brian was cut off when opining about the value of seismic, as it wouldn't help get a good price if it became public.

The fact that he has bought 150,000 shares since then suggests that he thinks TE-5 is worth considerably more to a buyer than 12 p per share.

So, yes, I agree that those who were suggesting that the company is worth 5p - 10 p per share are looking slightly silly now, but by now I am used to such talk ('HUR will fall to 16 p' [but it rose to 57 p instead ], 'JOG will fall to 30 p and announce a rights issue' [but it received 0.75 m pounds in cash and rose to 70 p instead ]).

I'm not surprised Brian was cut off when opening about the value of seismic, as it wouldn't help get a good price if it became public.

The fact that he has bought 150,000 shares since then suggests that he thinks TE-5 is worth considerably more to a buyer than 12 p per share.

So, yes, I agree that the those who were suggesting that the company is worth 5p - 10 p per share are looking slightly silly now, but by now the am used to such talk ('HUR will fall to 16 p' [but it rose to 57 p instead ], 'JOG will fall to 30 p and announce a rights issue' [but it received 0.75 m pounds in cash and rose to 70 p instead ]).

I meant to average down at 10.68, but had to pay 12.31.

My average is 32.4.

It will be a relief just to break even again.