Member Info for LONGWAIT

Even when taking into account the dilution since then, the fact that the price is expected to reach that level only on commencement of production, whereas it reached it under TOR merely on expectation of a farm-out being secured, suggests to me that if Brent is about $60 in two years' time, a share price of €0.17 would be cheap.

I think the fall in the share price is due to the expectation that the drilling will start a year later than Alan Linn estimated in his interview on Proactive Investors.
Presumably, more people are bailing out in despair.
The options granted to SpotOn, however, imply that the share price is expected to double during the next two years or so.
That would get it somewhere close to the 18p it reached when TOR seemed to be on the verge of concluding his own deal.
Even when taking into account the dilution since then, the fact that the price is expected to reach that level only on commencement of production, whereas it reached it under TOR merely on expectation of a farm-out being secured, it seems to me that if Brent is about $60 in two years' time, a share price of €0.17 would be cheap.

Sounds like a typical AIM investor's history, Meir.

I bought AYM for 1.6p one morning recently and when I arrived back home was kicking myself for not waiting a few more hours, as I could have got them for 1.5p.

I started buying HUR for 40+, and after six years of averaging down to 20p, I read of newbies having made an initial investment at 2, 3 or 4p and talking of getting out at 4, 6 or 8p.

You really need to wait until the price is about 2p before buying in AIM.

I wanted to buy more for 15p a week or two ago, but left it too late.

If I remember correctly, that was about the same time that someone here said he had given up and sold everything.

You have to be patient - no-one knows when a price is going to explode.

What has happened to the people who only weeks ago were predicting 70p or lower, for the shares of a company which, allegedly, had no prospects of getting a farm-in partner?

I bought some more today too.

I didn't think I'd get another chance at this price, but with AIM there always seems to be another chance.

Ok good people. Honest thoughts. Where do you see us tomorrow.

(Brainjar, yesterday 18:58)

12p

(FuguUpTheJacksie, yesterday 20:00)

I suppose one should not be surprised, since FUTJ predicted a price of 8p just over a month ago:

'Thank you for the replies, all.
I'll buy some at 8p.'

(FuguUpTheJacksie, 23 Oct '20)

'But hang on a minute, it did reach 10p so that prediction was absolutely spot on.'

(HappyInvestor100)

According to the Google chart and LSE, that was in MARCH 2020.

You were predicting '10p and lower by November' in OCTOBER 2020.

I am taking the liberty of re-posting my comments from nearly a week ago, on the assumption they were deleted not because of anything they contained but because of something else in the thread.

DEFINITELY NOT A VALUE INVESTOR!17 Nov 2020 22:06

I refer to HappyInvestor100

The LSE forum is dominated by people who target companies with collapsing share prices, predict lower prices, and ridicule anyone who says the company has any prospects or predicts that the price will recover.

'I think you peeps are the mad ones because you don't see that you're mad. You are in a perpetual cycle of denial. Some (sic) you actually believe PMO will make you rich - ha, ha, ha!

We shall see. And, yes, I will be the voice that says, "I told you so".'
(HappyInvestor100, 23 Sep 2020 08:44)

I think rather than being the voice, you will be the silence, hoping that no-one remembers what you wrote, including the following:

'10p is odds-on by November...' (01 Oct 2020 11:24)

Would you like to comment on your prediction?

'10p and lower coming my friends!' (07 Oct 2020 08:47)

What makes you think you've got any friends?

'Don't shoot the messenger, mate. This unfolding car crash is not of my making but it was totally predictable. Have I not been almost right on most things?
Those ramping are the ones who ought to eat a large slice of humble pie.'
(07 Oct 2020 08:52)

So far, the only thing you may have been 'almost right' (sic) about is that a declining share price would continue to decline.
It's known as a trend and I'm sorry to say this but it does not indicate any great predictive power on your part, Mr Happy.
Based on your recent predictions, you will need to eat a whole hamper of humble pies.

'I think PMO will be in single digits by Christmas.'
(08 Oct 2020 07:10)

I think you'll have disappeared by Xmas, hoping no-one remembers your thought.

'I may buy a few PMO shares at 6-7p per share.'
(08 Oct 2020 07:10)

I don't think so - unless you can find a market maker who has a degree of generosity to match your meanness of spirit.

I apologise for being unable to identify the genius poster who only weeks ago predicted:
'Mark my words, this is going to 5p.'

It is unlikely that he is going to identify himself.

'Thank you for the replies, all.
I'll buy some at 8p.'

(FuguUpTheJacksie, 23 Oct '20)

'This share is a Zombie. When it goes down, it goes down.
No communication from the Company with the shareholder, which is not good sign.
I dont think it will ever be 20p. Just my opinion.'

(hq.sami, 21 Oct '20)

Quite.

You could have said the same thing about directors of CHAR and VOG - and no doubt people did - but the share prices of both companies have recently soared.

Where is the expert poster who said recently: 'Mark my words: this will be 5p'?

Can anyone remember his screen name?

Will he identify himself?

There was an article in Energy Voice yesterday by Hamish Penman at

https://www.energyvoice.com/oilandgas/north-sea/275923/reverse-takeover-model-gneiss-energy-paul-weidman/

I can't read it, as I'm not a subscriber, but it mentions JOG.

Don't be astonished, LA!

I have been a member of LSE for six years.
I stopped posting recently because - although one of my last posts received 30 votes - I was getting so much verbal abuse.
I came back, posted on three other companies, and got abuse on all three.

LSE is neither a polite nor a rational forum.

I invested recently in DELT and have been reading the comments.
I read comment after comment that Shell would 'walk away' and the company would be finished.
Today, we get confirmation that Shell has no intention of walking away, followed by a comment here that Shell will indeed walk away, and - to prove that AIM is not rational - the share price falls.

Presumably, the 'market' agrees with our resident doomster that Shell is lying!

Most of the comments here seem to be about possible bids for the company, rather than about the company itself.
I'm rather hoping there won't be a bid, as it will certainly be well below the value of the company in the event that the coming drilling campaign is successful.

Yes, indeed, OBND.

I think I can honestly say that I have rarely come across an AIM oil stock which, when its price is bottoming, has not attracted comments confidently predicting even lower prices.

I think what you really meant was:

what Keynes called the ‘waking frog’ leap is often mistaken for the ‘dead cat’ bounce.

That's a really pathetic reply from you, vampirekitten.

I suppose that with a screen name like yours, one cannot expect anything better.

You've made false allegations, you have no answer, so you resort to abuse.

You're just one of a large number of LSE members who have turned this into a forum for insulting people who present serious, reasoned arguments.

'I'm not implying dick has sold i clearly posted that it had been implied he had sold on another web site .'
(vampirekitten)

You did imply that dickupham had sold his JOG shares!
You wrote that a poster called 'venomous viper' was really a market maker; that a market maker 'would know who was selling'; that venomous viper 'posted [that] Dickupham was selling'.
Those three points taken together indicate that Dickupham 'must' have sold his JOG shares.
And in support of this contention, you immediately afterwards wrote, 'Dick advised me on here to sell as it might go to 10P'.

'Secondly how should I know it was a sarcastic comment'?
(vampirekitten)

Well, sarcasm is obviously open to misinterpretation, but the way I knew that dickupham was being sarcastic was that just about every other comment has had ever made about JOG had indicated his confidence in the company's management and future.
The other way I knew is that 10p is an absurdly low price.

'Longwait you are making an assumption that I am referring to dickupham as the shrewd investor firstly stop assuming anything it will land you in hot water .'
(vampirekitten)

Of course you did also mean that dickupham was one of the 'shrewd investors [who had] sold out', which is why immediately after talking about those shrewd investors, you started to present your 'evidence' about the market maker and his supposedly-reliable claim about dickupham selling.

'It would certainly appear that some shrewd investors have sold out before the poo hit the fan and the rats deserted the now sinking ship... A mm would know who was selling and if you go back onto the other thread around September venomous viper posted Dickupham was selling .
Dick advised me on here to sell as it might go to 10P'

(vampirekitten)

You're spreading disinformation about dickupham!
Dick did NOT advise you to sell JOG shares on the ground that they 'might go to 10P'.
It was a sarcastic remark on his part, in response to YOUR doubts about the company, which you had expressed in your previous two posts:
You had written:
'... im thinking of cutting my losses here ... before it gets any worse .I don't think I'm the only one here who's starting to think there's an elephant in the room... Will be back below a quid by the end of the week at this rate. Maybe there's been a leak theres been a lot of sales over the last 2 weeks.'

Dick responded:
'Yeah - I'd sell if I were you vk. They might drop to 10p'

15 days later, he wrote:
'I have been suffering health difficulties but am hopefully now on the mend. That is the sole reason I have not been posting of late. I have not sold any of my shares and am currently holding as many as I have ever held.'

That was his last post on LSE.

Your characterisation of dickupham as a 'shrewd investor [who has] sold out before ... the rats deserted the now sinking ship' is completely untrue.