Member Info for LONGWAIT

I was tempted to buy a sixth tranche for 147 p, but someone here was crowing about the falling share price and predicting further falls.

Such posters seem to crawl out of the woodwork whenever there is a golden opportunity to buy cheap and gorge themselves on Schadenfreude.

Are you saying you think what has already been discovered in Barryroe could be worth as much as 40 p per share?

Remember: nearly five years ago, Ophir bid three times the current market capitalisation.

Any bets on when it will breach 50?

Where's our friend who was waiting for 10-12p before buying?

I don't know whether the purchase would be a good idea, but presumably it would be financed by a rights issue or share offer or placing, not by more debt.

Does anyone else here remember the share offer several years ago.

It was at more than 400 p per share and, unfortunately, I bought them.

Presumably, Goldman Sachs think PMO could one day be worth 500 p a share too.

If the oil price doesn't collapse and PMO can produce 100,000 barrels per day at low cost and pay off all debts within a few years, then even based on a fairly - low PE ratio it should be worth something like that.

In what way?

Well, there is no sign of any dump yet.

Doesn't look like pump and dump.

Maybe preparing an assault on 160 p.

Well, Shrunken, if you base your estimate of the.value of 1TCF on the agreed valuation of TE-5, the figure should be 61 p, not 82 p.

However, JJ gave valuations for TE-10 in November, which equate to 35 - 36 p per share per TCF.

Well, Shrunken, if you base your estimate of the.value of 1TCF on the agreed valuation of TE-5, the figure should be 61 p, not 82 p.

However, JJ gave valuations for TE-10 in November, which equate to 35 - 36 p per share.

I haven't heard of 1 TCF = 82 p per share before, but how much difference would dilution make to JP's four-figure prediction?

'But what I can tell you is even with a modest 17 TCF - our base case - an onshore development in Morocco with that sort of volume. - that equates to many many multiples of our current share price.
JP at The Gherkin, https://www.youtube.com/watch?v=em7JoYgAMTU, 9:25 - 9:40.
The share price at the close of trading on the following day was 77.75 p.

To PNE79:

https://www.malcysblog.com/2016/09/tiptv-ceo-interview-james-parsons-of-sound-energy/

At about 9:30 - 9:50, Malcy and JP discuss the value to SOU of each TCF.

JP says at $8, it's 100 p net.

At 12:45, Malcy starts to talk about shareholders who had hoped for a takeover price of 100 p and comments that it looks like merely 'a stop on the journey.'

JP replies that each of the three prospects has 'three-digit potential ' and that Tendrara might have 'four-digit potential.'

I was tempted to buy a first installment for 13 p after a correction from 19 p.

I think that was in early March 2017.

I bought a sixth tranche yesterday for 13.4 p.

It does seem that there is support at 13 p.

If it holds, dreams of buying at 10 p will remain just dreams.

Maybe there will be profit-taking first …

After all, it is a Friday.

Haven't seen a 'decent ' buy?

Someone just quintupled the total bought today...

Absolutely right, Yoghurt!

The trickiest thing, in my opinion, is to figure out whether a plummeting share price means that the company is going to the wall or merely that shareholders have convinced themselves that it is.

I have to say that in this case, vast numbers of investors appeared to have given up after TE-9 and I couldn't understand why.

There really were posters here saying that the company should put itself up for sale for pence and not go ahead with TE-10, which was obviously a waste of money.

I can't say I was optimistic, but I couldn't understand how so many shareholders could have acquired clairvoyant powers.

You nearly bottled at 16.5 ?

On the way down or last week?

I nearly bought for 16.5 !

Correction: my last post should have ended with the word 'depressive.'

No more on the verge ...