Member Info for LONGWAIT

Thanks, DelBoi

I still think TOR comes across as perfectly straight, in spite of his shifty reputation.

Good interview, although some of his use of English puzzled me.

Thanks, GozoMike.

Am I right that TE-9 is due to be drilled this month?

I use Jarvis x-o-x.

You are initially offered an indicative price.

If you click the next button, you are then offered a definite price and have x number of seconds in which to accept the offer.

I have never noticed any discrepancy in price.

The dealing fee is fixed at £5.95

I filled up with HUR too, Dr Bruce, and - like you - I saw the SQZ tip on the HUR board.

It was a damn good tip at 23 p.

I know how you feel, Chris47.

AIM does value companies at derisively-low prices, which provides wonderful opportunities for value investors to make huge short-term losses as the masses of speculators move their money to the latest hot prospects.

You just have to hold on through the ups and downs when you know a company is undervalued.

I got a tip to buy SQZ at 23, was about to make a big purchase at 28, but left it too late and got in much more modestly at more than double that price.

I would really like to invest more in it, but am afraid that the AIM speculators will dump it, this providing another buying opportunity.

BTW, I forgot to mention Avalon...

Thanks for the reply, DelBoi.

Well, fancy seeing you here, wellwell!

I did mention PVR on the HUR BB long ago.

I bought four years ago at 140p and got out belatedly at about 80 p.

Lowest price I've bought back at is 7.5 p, but my average is about the same as yours.

The price has been depressed for years, with the management practically having been accused of being charlatans by some posters.

There IS oil in Barryroe, could well be more beneath it, SEEMS to be a large amount of oil in South Dunquin, and COULD be masses of gasses in Newgrange.

It is very difficult to value all those possibilities at a mere 11 p per share.

Well, DelBoi, I'm kicking myself for not buying HUR sub-10 p.

The lowest I paid was 17.5 p.

Are you in HUR now?

It's 50 p and could take off during the next few months.

If PVR can do as well, I'll be happy.

First stop is recovering my PVR losses ...

As I said last year, it would be incredibly bad luck if every prospec4 turned out to be dry!

I would like £10 per share too, Divers.

I do not consider that to be an impossibility, in the event of a big further rise in the oil price, further upgrades of oil resources and a bidding war.

One thing I have always been sure of is that if HUR is taken over, it will be for £s per share, not pence per share as some posters have speculated.

That means anyone with a substantial holding will do very well.

I think the share price has little connection with the company's prospects.

HUR fell to about 24p not long ago and has since doubled.

I think the same will happen here before long.

I don't think the share price has little connection with the company's prospects.

HUR fell to about 24p not long ago and has since doubled.

I think the same will happen here before long.

Agreed, Mamms.

IF the Barryroe farmout is cancelled, and IF Newgrange turns out to contain water instead of gas and oil, and IF South Dunquin is not farmed out, and if the Avalon farm out is cancelled, THEN the share price should be in trouble.

I know

That's what I meant by a good omen ...

Newgrange digs are expected to reveal an ‘extraordinary’ find

https://www.irishtimes.com/culture/heritage/newgrange-digs-are-expected-to-reveal-an-extraordinary-find-1.3560484

Hope this is a good omen!

I've also been thinking recently about an oil spike possibly triggering an economic depression and stock market crash.

That could be the time to bank oil share profits.

You may have come across an article a year or two ago - by an expert of course - declaring that oil would never reach $100 again..

I also read an article which explained in great detail why the price of oil - by then perhaps in the 30s - not only would never recover, but had had no right to be anywhere near 100 in the first place.

Based on real economics, the writer argued that it should always be very low.

I didn't believe them.

Nevertheless, I predicted a crash when it reached 147 and 'experts' were predicting 200.

Just wish I had gone short.

Well, Joe Bass, I remember a while ago, maybe when the share price had bounced off a low of 24 p, when some bright spark said that - never mind all the talk of a long-term takeover price of several pounds - if someone offered 67 p per share - the previous high - many shareholders would grab it.

I said then and I still say now that those of us who have been holding for several pounds per share will be holding until we have been proven right or wrong and we aren't going to be shaken out nor accept a derisory offer without being dragged kicking and screaming.

Point taken about loan notes, Extrader, but do you mean Buyco or Byco?

I think there is a simple strategy to avoid disaster, Kandyman, and that is to sell half when it reaches a profit target of 100 per cent plus.

Then, even if the company goes bust, you cannot lose overall.

In HUR's case, I personally would set the target at several hundred percent.

In your case, that might not be so easy to do, but if you run the remaining 50 percent and the company gets taken over at a much higher price, you will still do very well.

Damned predictive text or auto-correct!

Sorry, Kandyman.