Member Info for LONGWAIT

Very good post, DU.

'Governments are over-reacting and causing widespread panic, when the situation should be put into context.'

The Guardian has a headline declaring that schools and offices could close for up to two months.

I think governments are over-reacting partly because the mass media (who seem to be running the show) would have a field day if the virus got out of control and governments could then be accused of having acted neglectfully.

'We don’t yet know how dangerous the new coronavirus is, and we won’t know until more data comes in. The mortality rate is around 2% in the epicentre of the outbreak, Hubei province, and less than that elsewhere. For comparison, seasonal flu typically has a mortality rate below 1% and is thought to cause about 400,000 deaths each year globally. Sars had a death rate of more than 10%.

Have there been other coronaviruses?

Severe acute respiratory syndrome (Sars) and Middle Eastern respiratory syndrome (Mers) are both caused by coronaviruses that came from animals. In 2002, Sars spread virtually unchecked to 37 countries, causing global panic, infecting more than 8,000 people and killing more than 750. Mers appears to be less easily passed from human to human, but has greater lethality, killing 35% of about 2,500 people who have been infected.

Generally, the coronavirus appears to be hitting older people hardest, with few cases in children.'

https://www.theguardian.com/world/2020/feb/27/what-is-coronavirus-symptoms-wuhan-china-pandemic-spread-covid-19

Here is a post of mine from three months ago:

RE: The beauty of markets...22 Nov 2019 13:46

'... the fact is that the SP at £1.60 tells us all the market doesn't believe JOG can get the oil out of the ground.'

LOL.

The last time I bought was for 68.5p.
I did consider buying more for 57p, but hesitated.

The reason no-one would touch the shares (apart from Richard Griffiths) was that they were saying similar things to the above statement - and that was BEFORE the good news that sent the price to about 240p.

Now that RG has been offloading and taking his profits, we hear the same rationalizations.
When there were 200 + posts here every day, with predictions of '300p tomorrow' and '400p next week,' I cautioned that a reversal was likely...

TSD has reported me to the administrators for 'slandering ukranium women.'

I'm not sure whether I stand accused of slandering Ukrainians or Uranium.

Thanks, L7, but it seems that JAdam has a point when he says we are analysing everything about this company to death.
Is it likely that instead of production rising by fifty percent, it would fall by about a third, and without the management mentioning that just as they were about to hike production, a problem arose?

DOESN'T MAKE SENSE.

The price has halved recently, after rising on the good news about Wressle, and is now at an all-time low.

I don't know what the prospective P/E ratio is, although someone said the revenue or income from Wressle could amount to £2.5 million per year, which suggests a low P/E.

It certainly doesn't justify a record new low SP; the chart suggests a company in terminal decline, rather than a profitable one.

Correction: 'not .58.'

Funnily enough, I was thinking about the warrants fiasco last night - I think I referred to it a few weeks ago as a bond fiasco, because at the time I couldn't remember it.

I never did quite understand what it was about, but remember that posters were annoyed with AS because they believed it led to the then share price rout.

The market reaction so far is muted, and the price is down .09, not .058 as shown.

TriggersaysDave posted false allegations about private investor Richard Griffiths' shareholding and transactions on JOG today.
I reported his post and it, together with my refutation of it, has been removed.
I suggest others report him too until TSD himself is finally removed.

Today, TSD posted completely unfounded statements about Richard Griffiths and his holding.
I reported the post and it was removed, together with my reply to it.
Posts of his have been removed on consecutive days, yet his account has not been closed yet.

Remember, Daltry, that, unless informed to the contrary, everything is all right!

As you doubtless recall, Double, certain UKOG posters were posting lies about HUR some weeks ago, including claims that HUR has a big water cut problem, capable of sinking the company.

I know you used to enjoy an occasional visit to the UKOG BB to see what they were writing about us, and you may recall that we received some unwelcome visits from them, and that two of them were subsequently banned.

In one of those ironic twists of fate, I regret to inform you that UKOG have a water ingress problem and the company is doing its best to fix it.

The regular posters there, who had been lapping up water cut stories and were able to assert - with not a shred of evidence - that in spite of HUR's denials that any such problem existed, HUR had a BIG water cut problem,

are now asserting that UKOG's water ingress problem will definitely be solved, presumably on the basis that any company they adopt can surmount any problem, whereas HUR obviously cannot.

I thought I should let you know.

I've read several reports and my understanding is that the virus originated in China, was brought to Italy from China, and is being spread from Italy to other countries in Europe.

Prize for Ramp of the Month goes to John for his comment:
'Just got back in and quite excited to see the SP > 15p.'

That was daring of you, John!

Possibly even more daring is OilbeBack.
I too noticed that Brent is back at $55 and WTI above $50, but thought it might be frowned upon if I mentioned it in the current climate.
I just read an article about the virus and world economy.
I won't provide the link.
How bad was the prognosis?
Well, after finishing reading it, I looked out of the window to check the world was still there.

Malcy seems to be hinting that something might happen with SM:

'He may even be able to bring on other things in the Sound portfolio so watch this space.'

You may also have noticed that TSD's post today about a one-way share price has been removed.

Since you nearly gave your age away, John, you must remember 9/11 and the media mantra of the time, 'The world will never be the same again.'
The world has never been the same since hijackings started about half a century ago; hijackings didn't start on 9/11.
You may also remember the leaflet posted by the Government to every household in the UK, around 1986/7, warning about the danger of catching HIV/Aids and the warnings by experts of an epidemic affecting the general population.
Do you remember the Avian Influenza scare too?
People thought they might die if they handled a pigeon.
Maybe this time the media are right, but the headlines are reminiscent of the Second World War:
Coronavirus pushes across Europe and Middle East, while U.S. braces for arrival.
https://www.nytimes.com/2020/02/26/world/asia/coronavirus-news.html#link-388a6523

It will stop.
It went from 29.5 to 399 and then from 57 to 249.
You will know when we are back in a bull market - there were hundreds of posts a day from people who had just bought JOG shares for the first time, declaring them to be absurdly cheap (at about double the present price) and TSD didn't dare show himself.

There are live updates - to enable us to keep track of the death toll while we monitor the stock market slump, the oil price fall, and the up-to-the minute reports by TLF on water cuts.
Just in case JAdam misinterprets my above sarcasm as deramping, I wasn't sure whose side he was on when I read his last post - especially the final paragraph.

I do, however, agree with him that the media are 'ramping' up the virus story for all it's worth.
There is a report that the mortality rate from the virus is about the same in Italy as it is in China, a statistic I'm sure we will all appreciate, although I imagine we can check the latest Italy-China ratio in live updates.

Coronavirus Deaths Are So Far Mostly Older Men, Many With Previous Health Issues

https://www.nytimes.com/2020/01/23/world/asia/coronavirus-victims-wuhan.html

I agree with you about the insanity.
The SP was 60p just before the sidetrack success was announced, 73p just before the licence awards were announced, and is now 97p.