Member Info for LONGWAIT

Here are a few questions for you to answer:

You gloat over a 12 percent fall in the share price; what do you do when the share price rises by 12 percent in one day - or even more?

What will you do if SpotOn turn out to be what we genuine investors believe to be honest people rather than charlatans?
Will you apologise?

Why is it that all your posted comments are about two companies with an interest in Barryroe?
You have implied that you are not an investor.

What is your interest?

Do you really think, JH77, that TheShen's last posted comment on PVR asked a 'good question'?

As far as I can see, TheShen and rangers4, with possible encouragement from Bronxville and Phoebus, are scaremongering, which is what happens regularly when the share price falls sharply.

Why encourage them?

Was it you or some other bright spark who said that SpotOn would dump all the shares they had subscribed for at the first opportunity?

I pointed out that they are long-term investors and have been proven right so far, but still the scaremongers dominate these pages.

it's quite simple, G3x: there are many good companies on AIM and there's nothing wrong with them, but they have collapsed share prices.

It is common for LSE members to blame the board of directors for the languishing share price, but it's AIM investors - typified by masses of LSE posters - who are to blame.

Allow me to give you an example: in November, JOG shares were in the 70s and one member predicted gleefully that they would hit 50.

They did not and he has never been heard from since.

The share price is now in the 250s.

Best of luck to your wife, Tacuma.

I think my abiding memory of my investment here will be of Hugh, breathless and hardly able to gather his thoughts, as he struggled to remember all the exciting projects which were doubtless on the way to fruition.

Since then, it's been rather like watching paint dry.

Remember that this was in the 70s in November and some bright spark predicted that it would fall to the 50s.

The same game - predicting that a trend or correction will continue - is being played by many LSE members, who think it makes them look ever so clever and anyone who is still holding shares stupid.

Who looks stupid now?

Remember that some people here complained that the BOD hadn't accepted a derisory offer, because the share price then slumped.

That was a buying opportunity.

' I see no particular need to check but if the SP were 562p on the 14th Feb 2020, that's equivalent to post-RI price today of about 304p'

(LetsTry)

I make it 346p.

There could be a rights issue in 8 months' time, by which time the share price could be £5.
As I pointed out yesterday, TriggerSaysDave was predicting a rights issue in April 2019 at about 40p.
One can reasonably expect that it will be pitched at multiples of that, which will mean far less dilution.
If there is a rights issue in 8 months' time it will be 2 and a half years later then when TriggerSaysDave was screaming about its imminence.
That gives some idea of how seriously one should take predictions made by posters here.

'So should we expect "actual news of success and new flow rates / production CPR reports etc...." in the next couple of weeks or are your statements just hot air ramping?'

They're just hot air ramping.

Remember Tymers, who used to post comments akin to those of a market stall vendor, predicting imminent rises to 2p, 5p, and 10p?

Where is he now?

My guess is that when the price rises from 0.1p to 0.5p, or from 0.05p to 0.5p, he will be back, crowing along with TH2, that they had been right all along .

We're all happy for you, aspers, but do bear in mind that some of us are not risking our hard-earned cash in order to take ten percent profits.

JOG shares up 30p in one day - and a know-all poster here predicted that the shares would be in the low 30s for most of 2019 and the company bust by July 2020.

He now calls himself ItsallRigged.

'So, for us longs, we have heard all the promises, potentials, failures and excuses before. It is a manipulated stock by some very big players.'

Are the two sentences above two quite separate points, or are you saying that the company's prospects have been exaggerated in order to cause disillusionment and consequent low share price?

I make it £5.27.6.

Is it my thought process you don't follow?

Of course the article is from 2014.
I can't find anything later than that and Camelot - to whom I was replying - did say that their valuation was published 'some time ago.'

I've re-read all the calculations I made: C$15 = £9 = £6.80 after reduction in FOG's interest from 30 percent to 22.5 percent.
$2 - 2.50 = $1.50 - 1.875 after the same reduction.
$1.50 = £1, assuming sterling returns to $1.50.

I think it's pretty clear.

According to house broker Cantor Fitzgerald’s sum-of-the parts valuation, Beetaloo alone is worth 17.5p a share and in total Cantor values the group’s acreage in Australia, Hungary and South Africa at 29.8p.

https://www.sharesmagazine.co.uk/article/falcon-poised-for-flight

That's the first time I have read about South Africa or Hungary.

If you mean C$15 per share, that would equate to £9 per share - £6.80 when you take into account the reduction in FOG's interest.

That seems like an overestimate when you consider that the most I've ever heard anyone here hope for is $2 - 2.50, which would now be $1.50 - 1.875.

If sterling returns to its long-term average of $1.50, that equates to £1+ per share.

As you can see, I don't understand half as much about this as you guys, except that I did realise the shares could go many multiples higher if all goes well.

From what you say, the company could ultimately be worth the $2.00-2.50 one contributor was once hoping for.
Does anyone have any idea how long it would take to get to the point at which we actually know what the company is worth?

Thanks for all your replies.

I take them to mean that FOG shares are probably worth at least 30p with upside.
That's not bad compared with the current price, but barely above where it was when the moratorium was lifted.
Does that really mean it was almost fully valued at that time - when FOG's interest in the assets was rather higher?

Could you please remind us of the Net Present Value, newtofo?

'Another day of nada.'

That could be a sign that the price is bottoming out.