Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Just like to add that I completely agree with the described scenario. There will be a glut of oil and some companies will not survive on the lower barrel price. I do however believe that HUR will survive..and prosper. It is also almost a certainty that there is going to be a deep recession following on from Corona. Financial companies are already laying people off, lots of companies withdrawing dividends and ready to issue profit warnings once the dust settles. I know this from the inside. So be prepared for it. Along with the turmoil there will be opportunities to profit. Like always it is a case of good timing. Atb Rich
Just made about the easiest £10k ever on trading. Bought 10k BP last week at £2:25 and sold today at £3:33. . And the profit is going into HUR over the next few days to add to my existing holding. Happy to hold and wait here, as in due course poo will recover, as will the HUR sp. Hopefully the forthcoming CMD, whenever that might now be, will also be a positive. Atb Rich
JTD: Great post and echoes my own sentiments. Also some great follow up posts around the same subject. Makes a change from some of the absolute garbage that we have seen on here lately. I am in here much more than I planned, but it didn't stop me from grabbing more yesterday around 8.5p. My average is now much more realistic and comfortable to live with. If the SP declines again (Mental imo) then will add more. As I have said previously, it's boom or bust for me here now. But it is beyond my comprehension that, knowing what we know..and have been told, that we will not recover big time from here at some point. And my expectation for that is within a year. As many have already said, we have been in situations like this before..and have always recovered. The Crude price will recover soon enough for obvious reasons. The idiots playing 'my **** is bigger than yours' will soon tire of it. And the Virus will take its toll and be consigned to history..until the next one. Just hope I'm not one of the toll it takes, as I'm very interested to see how things here pan out. I also have a view that the media driven, namby pamby, snowflake generation, are way over reacting to Corona. I have seen or read nothing yet which suggests to me that deaths from it are anything extraordinary. By comparison seasonal Flu in England alone kills on average 17,000 people a year. A figure which is declining as better vaccines become available. If there was a similar reaction to Flu as there is to Corona then the country would grind to a stop. Rant over. Best of luck guys! Off down the beach. Atb Rich
With some earlier buys and another 20k I just grabbed at 10.6499p I am closing in on 1 mill which I never in my wildest dreams intended holding here. It defies me how this SP can be held back so much...It's got to be let go soon...STF. Roll on the financials and the CMD!
Longwait: Nice to get a bit of support. Feel as though I need someone to hold my hand atm. Lol This schitt has to end sometime! Btw I am in Thailand...It's 22:03 here . Atb Rich
Knocked a huge chunk off my average in the last few hours buying in tranches of 10k and 20k sub 11p. Who would have thought that anyone could buy 100k of this stock for around £10k! Think it's fair to say that I'm closing in on being all in here. Schitt or bust really. But still 100% behind the concept and the company. Hopefully, this episode will pass, the CMD bring some positives, and get some sense back into the SP which imo is mental..valuing the company at virtually Phucket all! How can that be right? Or am I missing something? Erm! Hopefully not!
Definitely gonna be fireworks when the Dow kicks in. Which could bring some great Buy opportunities both in the USA and London for those prepared to hold and wait. I'm a buyer south of 11p here and also LLOY if it goes sub 40p again. These opportunities don't come around often..but as usual it's all about timing! Atb Rich
Just grabbed 60k sub 11p!! Who would ever have thought they would see the day when the market cap of a company was £220m that was producing 20k lbs per day with no debt! Mental!! Fill your boots while you can! Atb Rich
Exactly my experience at the open with I.I. Couldn't buy anything and watched the SP fly all over the place around 14p. In the end, after about 15 mins I added another 3 x 20 k's at around 14.80p. The manipulators have got to let this go soon..and hopefully this could be it. Atb Rich
Win, win! And confirmation, for any doubters, that we are indeed pumping 20k bls /day! Should be a positive reaction..but hey, ho, this is AIM! Fingers crossed for a good day! Atb Rich
Daltry: The reason I post my trade quantities to 4 decimal points and say 'Just bought' is entirely for the benefit of small time phkwits like you. So that anyone, if they have any doubts, can actually look at the trades going through and SEE my trade. Phucket knows why you could not just do that!?! I know there are those who don't like posting trades but that is their prerogative. Personally, I think it adds clarity and honesty. I currently hold north of 500k shares and am showing a substantial loss. However, I strongly believe in HUR and can hold indefinitely if required. Although my gut feeling is that current SP's will soon be a wish for. Anything could happen at any time...and one thing for sure. Something positive will hapen eventually so long as targeted off loads continue.
Just added another 50k @ 14.9828p. Get em while you can! Atb Rich
Finger twitched and added another 25k @ 16.768p! I have faith in the Doc! Atb Rich
Black water: The weather should not affect production but could affect uplifts..although very unlikely. The AOKA MIZU has a storage capacity of 600+ Bls which would equate to about one and a half months production at previous levels..and hopefully now about one month production if forecasts are correct. So should be plenty windows of opportunity to uplift within that time frame. What a golden opportunity to buy in here at these levels imo. Holding 550k and a long way from my b/e is making me a little cautious. But any dip from here and I'm having a punt. Atb Rich
Surprised it has taken them so long. You would have to have Schmitt for brains to short this now considering where the SP has come from! Maybe a little stumble at the open..but going north from here imvho. Atb Rich
..breathe! The bottom feeders have arrived! Lol
The cash in bank, the assets and the current crude stock is now about equal to the Market Cap! It's a no brainer for someone to take us out at this ridiculous level. Absolutely criminal what is being allowed to happen here imo. A buyers dream!
Hi Steps, yes still around and holding. Been adding a few on the drop and although now severely under water have not yet drowned! Absolutely crazy what has been allowed to happen here and anyone getting in at these prices will be very lucky imo. Recent reassuring RNS failing to stem the drop is disappointing. The board must be wondering wtf is going on! Anyway best of luck to all holders. Cannot see this staying at these low levels for much longer. Atb Rich
If we continue to regularly upload crude oil at the current rate, then by CMD in March there MUST be a rerate! Given the regular flow and cash in hand how could there not be? Got to be about the best punt in the market. Just wish I had come along now and been buying in at these crazy prices. Atb Rich
The negativity on this board is unbelievable. There is absolutely no foundation to any 'water' issues, yet people, including those that should know better, continue to debate the matter causing unnecessary uncertainty and almost encouraging small holders to sell. There are no large sellers but the MM will continue to drive down the SP on negativity..as witnessed today. Imo this is a buyers dream price and with the escalating tensions in the ME there must be companies licking their lips at the prospect of taking us out at this ridiculous level. Ffs smell the coffee guys! Atb Rich