Member Info for Mommur

If he still holds them, Mr Craven Walker will be looking forward to a massive cash build dividend shortly with around 7,600,000 shares - as will Mercuria !!!!

Bit of a hypocrite as I am looking forward to mine too.

Was hoping for another Holding RNS from Odyssean today, but nothing as of yet.

Bought another 5000 Odyssean this morning at 137.7p - all I need now is XPP and Dialight to retrace somewhat.

10% today is a start with XPP - as mentioned I await news on any takeover.

Another 5000 for me at 137.7p. On the basis that the rot has stopped.

One of my stalwarts, seeing as I bought at inception, but this week has jaundiced my outlook somewhat. No doubt the spin will be you can't get it right all the time. Purchase of an additional tranche of XPP on the 3rd Oct, when the sp was 10000-11000p, suggests panic, not a shrewd investment. Falling blade comes to mind, unless they were picked up at a significant discount but I would guess nowhere near the sub 700p on Friday.

I just wonder if another increase in holdings will appear on Monday - or whether burnt fingers is accepted.

Will look at adding - lets see what Monday brings GLA.

With 80% of original investment gone, any dilutive fundraise is pretty much inconsequential to myself. Let my heart rule my brain on this one, due to it being such a good product.

I was reluctant to average down , so sat with av of 250p per share. Even more reluctant now!

Pity Odyssean Investment Trust didn't wait until today to catch the falling knife and gain 9%. As their strategy is to look at takeover assets, perhaps they now see a buyout as closer than ever and may well add again to protect their investment if the fall continues.

I have 50,000 shares following their expertise, so here's hoping. GLA with XPP, personally I could have done without a falling knife!!

We are now what I considered to be an uplifted new bottom, but the week is far from over.

Either everyone has had their fill or we are back to bargain basement 200-210p arena - yet another dividend to reinvest.

Galling as the capital loss this week for me is double the dividend and a six figure sum.

I'm beginning to think this is an income share, with no capital gain - cash cow for Mercuria???????????

Only a matter of time before smaller companies are back in vogue gents. Fair amount of trusts in the same boat, with myself holding NAS,THRG,OIT, HRI in the UK arena.

Been adding along the way with divi's from other sources BP,SQZ and other IT's but generally my portfolio is back to the start of the year - churning. Keep adding it will come good. GL

Strategy being takeover candidates, you don't expect a team heavily involved with monitoring their concentrated holdings, to not see XPP in trouble, with around a 46% drop in share price. No holding RNS before or afterwards as of yet.

Eye off the ball or just complacency??

I will take that deal Newk!! Lets hope Mr Flegg is "told" what to do. Mercuria mind has a different event horizon than ourselves - and I'm getting a tad long in the tooth!

Prefer Kistos over Longboat, but ones a few bob cheaper and not as big a bite.

Tend to agree Molokai, bit of a general malaise. Only 50,000 shares in ECO for me but underwater myself with a similar average. Need to see a bottom, so sitting on my hands re doubling up.

Been one of those years, Serica and i3 energy on a painful pullback, but hopefully back on an upward curve again.

Still remember buying these at 16p initially and bought up to 35p then offloading half at 161p. So you could say I am on a free ride - down the way!!!!!!!!!!!

Timing as usual - although I do feel thats now or getting close - stick or double up. GLA

Concur with all ruminations with regard to Kistos as a viable target. Have considered it myself previously as its been on the table before.

Let consider an equity raise of a further 100 million shares at a discounted price of 200-220p.

Are we all still happy chappies and chapessses?????

Building a business unfortunately is painful for PI's, especially as we are nearly a 1 billion MC company and not as nimble as when we were 60 million - no more multi baggers, just a steady rise.

I wonder when PCP and SVM finally accept that Longboat Energy is a long way from ever getting back to the initial 100p issue price when languishing at 16p. (MC 9.6m with 56.5million shares)

With them holding circa 25% of LBE perhaps they would consider Serica a better prospect going forward ?? Building blocks are there re oversea's Norway & Malaysia and they have not had the good fortune to land a significant discovery and re establishing themselves with Japex.

We certainly have the cash and mass to entertain better prospects. Idle musings, GLA.

If its Throgmorton Trust my dilithium crystals cannae take any more Captain!!

I was trying to diversify into UK smaller companies, investment trusts.

Ah well can see the rationale. GLA

Been buying this quite heavily in the 150-153p range, where we seem to have settled. Today, looking at its top 13 investments which I run a watchlist on, they are up 5.5% over the period, with little change in the sp. If the prem/discount was dramatically changing I could understand as the investments are static - who knows.

All good ruminations, but been (SQZ) to Morocco and Ireland before. Norway for me and perhaps another real attempt at Kistos. Mercuria may well like the idea of offering the top job to a certain Mr Austin .

Would need the worry beads out on any acquisition re dilution mind!!

Although it didn't work to well for Longboat, taking a percentile of prospects had its merits in Norway - or they are petty cash. Although I would hate tyo see the lifestyle chappies getting more largesse!!!!!!

Good to see we are recovering from yesterday. GLA

Bit of egg on my chin Ripley, although I did caveat by stating possibly!! Thought you would have bought back in.

Do trade a few myself at times, sold a 50,000 at 441p and bought back 50,000 earlier in the year at 200-205p, and my gut instinct was to run with them this time. As I hold quite a few, the capital loss on my main holding was excruciating following the Tailwind deal.

As you say, its your largest holding and held for years - coincidently its mine to from 2009, with a helping hand from 250,000 bought in 2015 at 4-5p.

We are now back into 250p range and happy to take the dividends and make slow progress on the sp. Keep trading and raise the baseline for me!!

It is what it is folks, but agree with NoQuestionMarks, its been a painful period but Serica is a profitable company and as mentioned on here a raised interim dividend is cream in the teacup.

I was beginning to think we would be range bound 200-220p all year, so a new "bottom" around the 240p region is heading in the right direction.

That said, the mark down on these results is a tad excessive. Reworking the Bruce/Keith Wells should hopefully add some production incrementally. Perhaps we should all have bought Orca 2 days ago!

Don't know about short demand atm Newk, but seems we have "expertise" with regard to Heavy Oil with Gannet E, which is around 30km away with an API of 20 as against Pilot at 17 deg API when it was first discovered. Horizontal wells with ESP I believe with product sent to Gannet Alpha. (visc/temp,pressure all play a part here and I am no expert)

Was originally Shell so perhaps "expertise" is a misnomer seeing as it was a Tailwind asset.

Who knows, roll on tomorrow and news about my divi!!

Heavy Oil / Polymer Flooding. Maybe leave it to Equinor and stick to light oil and gas??