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Anyone who can be patient here should see a great profit from this level IMO.... I've been in here before and bought back in yesterday....... this is practically the bottom I would say and any news will blow this sp out the water....
Chin up buddy - Your a good poster and we all have times like that ( when we wonder what's the point ) If it wasn't for the bad times - we wouldn't appreciate the good times WHEN they come - Which they will...... GLA :)
Ah, sorry - I never realised at first...... I think you'll be right Lucan. If you owned shares - you can get paper certificates... If it's a cfd and it's cancelled then in effect " all bets are off " I suppose..... Yes, I would imagine you might get your stake back - could be worse !! GLA :)
I've got shares in an unlisted private company and there ARE ways to buy and sell ( but as Ultrapunch says it's not easy ) I'm sure FeedThePony might be able to offer some advice if he is still in touch with some of the USOP guys as when they were in suspension ( which they came out of and started trading again ) I remember back then a few people wanted to deal between themselves ( I can't remember who it was but it was discussed at quite some length ) If FTP can remember who it was I'm sure he will try and find out..... If he doesn't - tell him to Eff Off :) But it's not all lost yet - chin up lads and lassies and Good Luck All :)
LOL - Bit of a rant there but the point I was trying to make was that you can't trust what PL says - or even what's in the RNS - and then there are things that SHOULD be in RNS's that aren't..... In the meantime it's all jamorrow, jamorrow ( Jam tomorrow ) :) As for taking a hit - yes, there are lots of people severely underwater - through investments made on information from the company - information that turned out to be ( ahem ) a bit less than accurate... I sold out a long time ago ( around the 6p - 5p mark ) traded RRL a few times - sometimes good sometimes bad and am down overall - not as bad as some ( good luck to them ) Last buy was at 1.38 - sold a few days later at 1.2x when it was clear the flow of debt conversion shares hadn't stopped.... Anyway - each to their own and good luck to all but I'm just saying be very careful with any PL company - If you're smart, you'll learn from you're mistakes and if you're really smart, you can learn from other peoples mistakes.... :) I hope you're all really smart investors :) Good luck and I'll leave you in peace now :)
Hiya betts :) I hear what you are saying about the gamble of whether oil would be struck in Puntland.... Yes, it was the idea of finding oil there that got many people involved in RRL and to hit a duster is fair enough - I ( like most ) can handle losing money if it's my own fault ( a stupid investment or a duster - that's the chance you take ) but there is more to it than that with RRL.... It's the deliberate ( imo ) misinformation coming from the BOD that's the main problem...Even the Punty duster was spun out ( we have a working petroleum system RNS ) - so mates can get out ? ( and we'll leave aside the pictures that were published of the rig in Puntland on World Stocks - along with correct drill depth ! ) before the ( exact same ) picture appeared on the RRL web site - Clearly - price sensitive info is leaked ( on a regular basis ) T+T - this was bought from SOCA - ( another incestuous relationship if you see who is / was on their BOD at the time ) who never managed to hit a target or make a profit from Trinidad - now RRL are the same ! But not to worry say RRL - just a few teething problems ( two years in and they have the same or lower bopd than at the start )... Placings ( T+T ) to fast track Herrera's ? Never happened and where did the money go ? and I could go on and on and on..... Loans to Conti Coal which is hard to tell if it was paid back ? Loans to IOP ( PL's mate ) which frankly, are not going to be paid back (imo) while RRL takes out Wonga loans and issues shares like confetti ? ( whilst not informing the market - man, that is about as bad as it gets as it means there was NO CHANCE of an sp rise while all those shares were being issued and us PI's didn't even know how long it was going on for ( roughly 1 billion extra shares or 20million shares issued each week in the last year ) OKAP companies owing money to IOP ( say IOP but OKAP say different ? I'm talking about NKWE ) so it makes you wonder what the "loan" of $8 million to IOP from OKAP / RRL was really all about ? ( whilst RRL have no money to invest in Trinidad ) etc etc.... As far as I can see, no PL company has done well and every time without fail, PI's have been royally shafted.....Even Texas - PL was telling everybody it was worth $200 million ! now they can't even get $20 mill ? Georgia - another story and so it goes on.... Every RNS talks about " the coming weeks " and there are always rainbows to chase.... What's different here ? I would urge everyone NOT to take my word for it but to DYOR.... Sincerely - Good Luck All :)
Alexios..... You really have to wonder at the motivation of some of the bb posters on RRL..... To still be praising PL or at least making excuses for him ? Nobody can be that stupid can they ? I expect some of the shepherds might move into BMZ soon - lucky you can't buy CTR on AIM or you can be sure that bb would be full of jam tomorrow stories and riddles from " in the know " posters ( who monitor the boards 24/7 ready to attack any negative comments ) .... Rotten to the core - IMO.... Good Luck All GLA :)
PL is still a NED on the RRL BOD - still on $100k per year ( I think ) For any long termers in here - I hope this gets pumped for you so you can get out. For any newbies - don't touch this or any PL / OKAP company with a barge poll - all in my opinion of course...... GLA :)
4P... Depends on whether FTP says it's a buy or not ( he currently says it's a buy :) GLA :)
I thought you said " the seller has gone " and this was going to rise trade ? ( even though clearly, there is no seller ) And here it is 14% down ! Would you like to take this opportunity to apologise to the people you have mislead trade ?