Member Info for LONGWAIT

It's difficult to say, MC.
It could be in SOLG, or then again he may be shorting it.
Take a look at his posting history:

On 14 Feb 2020, at 07:45, he predicted 'Big Big dilution coming', and at 10:48 called SOLG
'a tin pot company with £20m in the bank who will be bankrupt in 3 months'.

Yet twelve days later, on 26 Feb at 13:02, he declared:
'Will be up this afternoon.
I’m a buyer at 11p'

BUT the price at that time was 20.9p, meaning TSD must either have been claiming that he had bought at 11p and held on even though he expected it to go bankrupt, or that he was intending to wait until it fell to 11p, on the way to bankruptcy.

Six hours later, writing on the SOLG BB, TSD congratulated himself on buying ECR:

My little pint on ECR doing rather well
26 Feb 2020 19:09
15% up and I was mocked on here for buying . A lot further to go.
Not looking good here [on SOLG] however

Since then, ECR has fallen by 25 percent, whereas SOLG has fallen by 18 percent.

Diagnoses are invited.

I'm not sure we've hit the bottom yet, Captain, because the SP did make a new low today, but the chart has been flattening for some time.
The price has fallen by 0.67 p during the past three weeks of trading, according to Google's chart, in spite of the world being on the precipice of an unprecedented catastrophe during that time - if you believe the mass media.

It's a good thing they didn't have CNN, Fox News, BBC, etc. during the Black Death.
A third of the population wiped out.
Wonder what effect that had on stock prices.

Posters at PMO have long been convinced its SP is regularly manipulated.

I have bought at around the bottom, only to see the recovery completely reversed.
E.g., I bought at 69 and saw it rise to 146; I then bought at 59 (the bottom was about 54) and it rose to 102; it recently fell to 65, rose to 115, and is back in the 70s.

I can see now that simply buying and holding is not a good idea.
It's as though the big rises never even happened, because one never profited from them.

You mention a forecast of $87 by 2024, Manyana.
I have seen long-term forecasts in recent years, all showing a gradual increase.
I've just had a look and found on various articles:

' $75 by 2029', and also:
'Worldwide crude oil prices will average $61 a barrel for 2020 and $68/b in 2021. That's according to the Short-term Energy Outlook by the U.S. Energy Information'
'ample resource base and cost
discipline keeps long term average prices at
USD65-75/bbl'
(McKinsey)

Common sense suggests that an increasing population, increased demand from developing countries, and increasing scarcity (aided by lack of exploration) will keep prices high.

The counter argument is that an alternative source of energy will be found.
But what are the chances of oil and gas being replaced before Barryroe has been fully developed (if it is ever developed)?

'If I told people I did that, would it get me laid more?'

Not with Uranium women!

I think the fact that so many parties are interested is encouraging, and whatever you may think of Manyana's idea about the new management finding a new angle, he could be onto something - otherwise, why so much interest in the gas?

I agree with you that Corona and Brent, on top of the Irish election, are not helping, but if the virus starts to die down, Brent will recover - it touched $70 only last month and was $50 yesterday - and with some unrest in the Middle East, we could be on our way.

I can't help thinking the whole thing has been overblown - by the media, of course.

If those two 10,000 share trades today are RG's, then he is still selling, although not every day.
He bought most of his holding for about 68p, and some of it at 57p.
If he drives the price down much further, and continues selling, he will be selling at a loss.
Maybe he's planning to reinvest some of his profits in JOG, when it bottoms, and start the climb all over again.

Clarification regarding the cost of extraction for Barryroe
The estimated cost of extraction from Barryroe ranges between $15 to $20 per barrel
3 August 2018

https://data.oireachtas.ie/ie/oireachtas/committee/dail/32/joint_committee_on_communications_climate_action_and_environment/submissions/2018/2018-07-03_correspondence-providence-resources-plc-in-response-to-committee-debate-of-3-july-2018_en.pdf

'It was my birthday last week and [my wife] bought me a suitcase. Should I be worried?... It's as if everyone is pretending the oil doesn't exist.'

I wouldn't worry about the suitcase, DU, unless your wife pretends that YOU don't exist!

The SP is now below the level it was at when it opened after the RNS about the licence awards.
It's down 66 percent from the subsequent high and, based on a possible 50 percent farm-out of all its assets, at a discount of 96 percent to NAV.

The market really is irrational.

I don't know about 5G, D_N, but what worries me most about the media is that they seem to determine what people are most concerned about.
If they decide to focus on a particular event somewhere, then hundreds of millions of people have strong feelings about it, but not about other matters in other parts of the world that don't interest the media!
The other thing is that the media milks every story that can be sensationalised - e.g. setting the 9/11 collision to music and extending news programmes by several hours, and trying to get people to cry when Princess Diana died (I myself nearly cried).

The Dutch have their first victim of the virus - from a village called Loon.
He had returned from a visit to Lombardy and is doing well.
If that merits media coverage, I cannot imagine what reporting of the Black Death must have been like.

I'm not sure about Malcy's logic, though, Daltry:

'The company has made it clear that there is no financial, legal or regulatory reason for his departure and that recent weak share price performance I assume has been the trigger for the smoking gun.'

Why would Malcy need to assume something that the company had made clear?

I myself am occasionally absent-minded, Double.

No point in being modest about it.

'It seems that at this challenging time for HUR that Mr Stobie has paid the price demanded by angry shareholders and has died by the sword, so to speak.'

(Malcy's comment yesterday about the resignation at HUR)

If he is right, then my theory that major shareholders may have demanded TOR's departure is not so far fetched after all.

'If you believe in the JOG story, all you can logically do is to sit still and grimace.'

There is one thing one can do - finances permitting - and that is average down.

If you then top slice on a strong recovery, you can in effect exchange the shares you bought at a much higher price for the ones you bought low and still retain the same interest (mathematical ability permitting).

According to Malcy:

It seems that at this challenging time for HUR that Mr Stobie has paid the price demanded by angry shareholders and has died by the sword, so to speak. The company has made it clear that there is no financial, legal or regulatory reason for his departure and that recent weak share price performance I assume has been the trigger for the smoking gun.

Thanks for an interesting comment, Modestus.

All the deaths from this virus in France (two) and Philippines (one) were of people from Wuhan, yet you would imagine on reading most reports that the victims were French and Filipino.

This virus is more contagious than some others, but not especially virulent, and even the contagion seems not as virulent as media reports would suggest.

I don't think I had read that, but I just looked it up and found a possible silver lining:

The Coronavirus Could Finally Kill the Wild Animal Trade
The outbreak may be the push needed to help prevent zoonotic diseases.

Ebola. Anthrax. Bubonic plague. HIV. SARS. Coronavirus. You may not be familiar with the term “zoonotic,” but these nightmarish examples fall into that category. Zoonotic diseases are the kinds that can jump the species barrier, and can be particularly dangerous to humans because our immune systems don’t yet know how to fight them.
The COVID-19 outbreak in Wuhan, for example, probably originates from wild bats, but it’s not yet clear which creature was the intermediary between them and humans.
... the risk of zoonotic disease is rising exponentially. Three-quarters of new diseases in humans are transmitted from animals. The past century has seen ever-expanding human encroachment into natural habitats, exposing people and livestock to more varieties of wild animal than ever before—and with this contact, any bacteria and viruses they carry.
“The more we hunt wildlife, the more we come in contact with new environments and the more we increase the likelihood of us being exposed to these viruses,” explained Peter Ben Embarek of the World Health Organization’s International Food Safety Authorities Network. “It’s clear that poaching and hunting endangered species has to stop. It’s totally unacceptable. I think everybody in all authorities of the world are in agreement with that.”

https://foreignpolicy.com/2020/02/25/virus-bats-pangolins-wild-animals-coronavirus-zoonotic-diseases/

They should have put an end to it long ago.

They say that HIV/AIDS was brought to America by someone who had just visited an African country and that many virulent human diseases began as a result of contact with domesticated animals.

Air travel has obviously spread this virus and they think that the Chinese did something with some animals that started it.

Two interesting features of this virus are that it doesn't like children and its lethality seems to be due to its triggering (no pun intended) of pneumonia.

Thanks for the link, JB.

If a vaccine is developed, it will certainly be available to Palestinians too, as are all Israeli technological advances (with the possible exception of Iron Dome).

However, I have just read that all the deaths from this virus in France (two) and Philippines (one) were of people from Wuhan, which makes me wonder.