Member Info for LONGWAIT

I think it was the philosopher Schopenhauer who was preoccupied with the irrationality of man.

I was on the verge of averaging down in RRE today, which was trading at a discount of 75 percent to net cash, but it then rallied towards the close.

Yet JOG continued on its downwards path.

One consolation is that we no longer have to put up with TSD's baiting: the fate of his account was the one he had wished for JOG.

Well, you know, Drillspark, if it hadn't been for people from the West discovering oil there, the Saudis' main export would be dates.

What are the chances that they will ever be in the forefront of medical and scientific research and become a technological superpower like their cousins in Israel, whom they call the descendants of apes and pigs?

The low during the correction from 399p was I believe 57p, but it had rallied to 73p immediately before the announcement of the license awards.

I agree with you that the share price makes no sense and when Corona and the oil price war are behind us, the share price will appreciate considerably.

I would buy more now, but my last purchase was at 55p.

Well, castaway, either there have been more sells than buys OR the market is not logical.

LONDON (Reuters) - Developing nations’ oil and gas income will fall by 50% to 85% this year to a more than two-decade low if current market conditions persist, the International Energy Agency and OPEC said in a rare joint statement on Monday, citing recent IEA analysis.
This is likely to have “major social and economic consequences”, notably for public sector spending in vital areas like healthcare and education, the statement from IEA director Fatih Birol and OPEC secretary-general Mohammad Barkindo said.

https://www.reuters.com/article/us-global-oil-opec-iea/developing-nations-may-lose-up-to-85-of-oil-and-gas-income-this-year-iea-opec-idUSKBN213332

Well said, OPEC, but as they say: actions speak louder than words.

I honestly can't make sense of your reply to my comments.

Are you sure the share price is driven by panic and fear?

According to LSE, there have been more buys than sells today and yet the price is down by 12.62 percent.

Apple Inc is reopening all 42 of its branded stores in China on Friday, a company spokesman said, more than a month after they were shut in the wake of the coronavirus outbreak.

https://www.itnews.com.au/news/apple-says-reopening-all-its-branded-stores-in-china-539351

A poster friend on JOG has read that they have been using the following combination of drugs in India, with success:
Lopinavir, Retonovir, Oseltamivir and Chlorphenamine.
The first two are anti-HIV, the second increasing the concentration of the first, and the last drug is an antihistamine, which perhaps suggests that some allergic reaction to the virus contributes to the onset of pneumonia.

Where did you find all that information, Ajax.

The combination of medicines used in India is interesting.
The first two are anti-HIV, the second increasing the concentration of the first, and the last drug is an antihistamine, which perhaps suggests that some allergic reaction to the virus contributes to the onset of pneumonia.

Even if the final dividend of 25p per share is skipped, due to the collapsed oil price, if the oil price later recovers and it is restored, anyone buying now would receive a dividend yield of 15.5 percent.

What we need, MTS, is for the numbers of daily deaths and new cases in Italy to stop increasing and stay that way for a while.
Then, we can be fairly confident that the peak has been reached (like a stock price bottom).
If both figures then decline, the disease will be on its way out.

Prime Minister Boris Johnson performed a dramatic U-turn on Monday (16 March) and put the UK on lockdown to curb the spread of the Coronavirus pandemic, dropping his controversial ‘herd immunity’ approach and following the lead of continental Europe.

The UK was now approaching “the fast growth part of the upward curve” of coronavirus cases, the prime minister said in a dramatic public address, the first of what are planned to be daily press conferences on the coronavirus pandemic. Johnson told all Britons to work from home, avoid public gatherings and avoid all non-essential travel.

https://www.euractiv.com/section/coronavirus/news/johnson-puts-uk-in-lockdown-in-coronavirus-u-turn/

Eighty percent of deaths from the virus in the UK have occurred in the last three days.

Here's something else to consider, MB54: although I bought shares in RRE partly for the dividends, if projected dividends were suspended for the duration of the present crisis, it would save £11 million per year.

That is, assuming the company needed any cash in order to avoid 'going bust.'

They're giving patients traditional medicines, including licorice root.

https://edition.cnn.com/2020/03/14/asia/coronavirus-traditional-chinese-medicine-intl-hnk/index.html

Sorry, but that was a mistake in a report by insider.co.uk

at

https://www.ft.com/content/31547c20-6447-11ea-b3f3-fe4680ea68b5

are predicting that Chinese demand will soon return to pre-CV levels and that the price could get back to $45-50 by the end of the year.

It took me a while to get that, Daltry: you mean doomed by CV?
By insanity, I meant only an insane person would turn down HUR shares at 4.7p, but the market must be mad already.

I did type Equinor, but my auto-correct changed it to Equinox.
I assume you meant Equinor too.
I based my comment on the following report:

'Other firms involved in the project include Equinor UK, Ping Petroleum and Zennor Resources.'

https://www.insider.co.uk/news/jersey-oil--gas-lead-21699061

It seems the writer isn't up-to-date

Sorry to hear about your financial difficulty, Daltry, but if you're the one seeking a decree, then that's surely a good sign.
Have you considered what legal grounds to base your case on?
Insanity?