Member Info for Moreforus

looks like the market like a WGP rns for once ...and of course as you know the market is "never" wrong..... my guess is there has been a forced seller (noted by EK I think when he had a brief dalliance here) and the price will react strongly if he has finished ...

definitely as they told us about the pipeline 3 times in rns... well we closed up 10%...looks like a double bottom on the chart now - with the monthly update i think as we can see from today there are people prepared to buy now so hopefully that was bottom!!!

thats quite an interesting response however the company could help by telling is the exact state of play with the pipe line for example the monthly update tells us they shipped the first PFAD...after last month telling us they were near an agreement to supply it... - what happened to the rns that said we have reached an agreement.... also most tellingly there is a photo of a director standing next to a connected pipeline at the POIC interchange - so the pipeline is finished ....where's the rns??

lol yes - the left wing in Greece want to be in the EU (big hand outs please!) and the Euro but want to be forgiven half a billion euros in debt.... in the meantime there is a massive disproportionate effect on aim and small caps in the UK as private investors get scared out and no one wants to buy....these things are cyclical and there will be an economy and a stock market what ever happens to Greece, although I can imagine mousakka is off the menu at the Bundestag canteen

I think a fair few would want to join you - no wifi on board ? I hear the Greek islands are lovely this time of year ....if you have any drachma in an old jar then that might come in handy ....

you spooked it... capitulation ?? testing the 2011 low again??

anyone want to fess up?

looking better today - strange as this on sets orders can be pulled and entered to shape the price....

Who you talking to? Let's hope we get a good May update and the rot can be checked as people drift away elsewhere.

this another stock you've just blundered into with no research... if you'd looked at the balance sheet i'd be VERY concerned

at work AVOID at all costs

you were saying ?? (-;

I think this is undervalued and should be trading several times higher ...but we need the news to get there .....crunching the numbers vs lack of news... I don't think you've got it wrong and yes I'm in the same boat - you only lose or win when you sell... I agree it looks like there is a seller but look out for the O type and AT type trades ..this is now on sets so there may be 73k sells and then you see a 100k AT sell ...that's a market maker selling (hitting the bid) on the order book ...this is different to SEAQ where you'd only have the 73k sale. If our seller continues I'm a buyer further down ...

Gap downs are pretty scary ..the stock trades on 0.25p ticks....then if mms are all on the bid and offer the spread is 0.75p ...ie 2.75-3.5p - horrendous and simply puts off buyers ... at some point it will find a bottom either people stop selling or start buying .... however as the pipe is now over 3 months late - as far as the market knows...I think we are yet to hit the low and reverse but i doubt we are far off...

the CEO is quite good at responding to enquiries... however telling a pi the pipeline was completed and not via an rns isn't going to help the stock price 6 months low today ... and only slightly off of the all time low... the monthly update sent the wrong signal!

yes it does ..the pipeline is completed - it would be great to get an rns!!!

pilot48 - 12 Apr'12 - 10:16 - 4082 of 4083 I sent an email to BIP and promptly received a response from our CEO. In reference to the pipeline, he said that the laying of the pipes have been completed and that Zurex are working on first oil flow once the long term international contracts are agreed upon. I asked a few other minor questions, but I thought the pipeline update might be of interest.

yes they are but not full capacity..read the monthly updates ....capacity is under-utilized but then again they are sorting out cheap Indonesian supply vs buyers from 4 different countries to export too....

the monthly updates are useful to simply keep in touch between material updates - the last covered both March and April so not expecting another until May - however they need to rns when the pipeline is connected and working (however do not forget the plant was built with road tanker bays for both loading and unloading - the pipeline will simply increase access and throughput...it's an upgrade). as to price performance this is largely off radar - it suffered during aimageddon but has suffered do to pipeline delays - a glint of light is that there was 1 sale of 25k yesterday on the last day of the tax year... there has been (not tempting fate) placings this year ... so i think the mm's are probably slightly long (500k - 1 mill) going into the new tax year but when the pipeline is connected and working and we can see tangible evidence of cash generation ..at a profit ...then the price will move up. There are many stocks that stay off radar for a long time but then re rate on news which brings new investors and volume and I'm pretty certain a few stale bulls will be leaping into any substantive rise.

perhaps but hasnt encouraged buying here! the opposite!