Member Info for MartyPoppins

A,

The only person ducking and diving is you around your prior statement that pipe losses were entirely immaterial.

TB,

As I said, look it up - you might learn something. Our friend uses simple language not because he is racist, but because some people only understand simple words.

My, this board has become toxic - as if anyone actually cares about junior O&G coys (in Nigeria......)....

TB,

It's not metal, it's irony (look it up next time you shoplift a dictionary). And I presume you think Jane Austen is the name of a crude tanker. Oh nevermind. Clueless about your own language.

All my other miners going up (HGM up 7%......) and this falls a further 3% on the prior collapse. Hmmmm - something is not right in the Kingdom of Siberia.....

I really don't think I would call a company that has moved from 80p to 35p in about 18 months as 'solid', but maybe our definitions differ. Irrespective of potential on Perth or anything thing else, the only known factor is that we will hear nothing from the company for the next few months, and will be left to ourselves to imagine what is happening. Didn't work with HUR (management refused to comment while the SP fell 50%, in spite of operations continuing as expected - and still falling heavily) and the past has shown that it obviously does not work with PMG.

When will Uncle Tom, currently sitting with his sheep beside a warm peat fire on his new vegan farm in Scotland, ever learn?

Actually I also remember Oisin's Acolyte arguing that pipeline losses were entirely immaterial to operations. Seems the market actually agrees, as with each passing day as the FSO approaches the share price falls further - presumably since pipeline losses are entirely immaterial, the floating lump of metal is - like OF's vast compensation package - just a waste of funds.

You would think that agreement could be reached on something as basic as investor requirements of a share but no, that is not the case with SLE. While some investors want a decent return on their investment as reflected in a rising SP and dividends, others believe that the SP is entirely irrelevant and that the only matters of importance are The Facts. As ever - given the Nigerian roots - no agreement today, no agreement tomorrow.

How can the management team of a O&G company with seemingly good operating results watch its SP fall from 60p to 20p without commenting in support of the share?

Rather a pain to be holding this and FRES (from much higher prices) in a PM bull market, but that's why people are advised to buy PM funds/trackers rather than individual miners......I expect (hope?) to see increases in all of production/grades/reserve estimates in later 2020 but that will only bring current holders back towards break even. Sometimes best not to be first to the party....

The fact is that the SP is 28p.

Do PIs invest to accumulate LT profit from their investment or to provide a lifestyle vehicle for management by which it can enrich itself (and, given the extremely limited range of activities of this company, what does management actually DO all day for the millions extracted????). If it is the former, then - irrespective of a lack of debt, money in the greasy till (more Guinness for OF!!!), interest in an oil investment etc., - this company has been an abject failure despite its one-off financial games. In that respect, the People of Doom have been 100% correct so far.

Price today? 28p - hard to put a positive spin on that.

LW,

Of course management does not control share price - but when a SP utterly collapses for no apparent reason, it has a duty to its shareholders to try to calm the troubled waters. Silence implies there is a problem.

A SBB implies that 1) management itself believes that the SP is too low and 2) the company has excess cash with which it can buy the shares. It is seen positively by the market.

King ramper is back! Cuddothisnow previously ramped EVE at 10p - now 1.8p; STAF at about 200p - now 84p; and MTRO at about 500p - now 200p. All very amusing but totally wrong.

Beware the professional rampers - they are Eve with the poison apple!!!!!

Not sure that all investors here realise that good investments generally go up in price - 46 to 28 does not really follow that trajectory. Now the seemingly useless SBB (from the point of view of private investors) is ending, I await the next tranche of financial chicanery from OF and his buddies. I suggest they finally get this farce over with so that we can get paid, forget this company and move on.

After all the hype, HUR is proving to be 'just another AIM O&G company'. Have held on and off since 2016 and am now back where I started. Made some profits along the way, but the latest fall from 45's to 25's (....) in just a few months could eat all that. And what is management doing to try to halt the share collapse? Nothing - too busy looking at maps.

Investors here have hit hard at CA's suggestion of a SBB due to it being an inefficient use of capital. Well, we have had 4 years + of efficient use of capital and where has that got LT investors? I assume CA is behind ALM's 20% special dividend distribution - that too is an inefficient use of capital, but I imagine that the (also long-suffering) ALM holders are not complaining about the payment.

ML123,

Everyone loses money in investments at some stage - in your case, that was unfortunately at stage one. Money-wise, best to just consider that you are back again to where you had started from. I have no idea how you heard of AAOG or why you decided that it was such a sure prospect, but if you are going to invest again I suggest the following :

1. Don't invest in AIM. It's an unregulated casino for gamblers;
2. Don't invest in O&G. It's a commodity that is highly volitile;
3. Don't over exposure yourself to any one stock;
4. If you read boards like this, be very wary of people who post obsessively about the huge returns expected to come on a share. They either have an agenda or are blind to anything but their own unrealistic hopes - in the first case, they knowingly ignore risks; in the second case, they are simply unable to accept unwanted risks to their theories. The boards are useful but not always credible.

Sorry for your losses but well, as they say and hard as it is to accept, it's only money.

Also wonder what happens with future dividend? If prior payout is held, yield = +2.

Current shareholders sacrificed for future growth - I hate dilution (esp. at a heavy discount). But now becomes intetesting for new holders.

Thanks MM,

Not sure what SLE is playing at - have had some very mild comments deleted. Far too sensitive.

Neil,

I agree that this company is seriously undervalued but this market can be seriously deranged. So when I see a 40% profit, I tend to take a bit off the top. In this case, this SP boost appears to be because of broker re-ratings, not exceptional operational or financial news - I agree with the re-rating, but am surprised that investors suddenly so trust and love brokers ( I don't)..... Of course if the rise continues ever up, the shares sold lose the subsequent gain - but it's not like 40% is nothing.

Hope the rise continues....

Another post about JP removed. What are SLE playing at - 100% protection for management, zero for investors? AIM is difficult enough without biased censorshio....

Evenstevens,

"Its called fraud" - it's called risk assessment. Something you ignored. My boring sage advice may have saved some people money - your constant ramping cost a pretty penny. Good luck.