Member Info for munchbox54

Looooooool. U really are desperate. Ur really confused, I've always said I've got a stake here recently, previously I've been in n out twice n times it to perfection. U need to grow a pair n stop moaning about the rigged market lol. Get a proper job n stop buying shares as it's not for u mate. So do everyone a favour and on behalf of this bb .... jog on and take your bxxch fits elsewhere.

Apologies. It was an old article someone posted on the savp board as a link n me being silly didn't open the actuall link yet made assumptions from the heading. Looks like .... ( as I've always said ) that it won't be plain sailing with ela. It's dropped below its 52p support level which also proved a strong resistance level moving my up. Unless ela issue rns early next week to confirm drill I can see these drop lower towards 48p, as I mentioned before it's got bags of potential but being Nigerian will it ever be realised ? Hence my 75p target sp to sell out. Will top up at 48p but I think some of you guys need to realise that £1.50 is a long shot.

Apparently attacked a pipeline in the past few days. Hope it's not true.

Patience fellas. It's either we get a rise in to September / October in to the 70s or either it's being set up for a cash offer of £1. Personally I feel this is now firmly in the eyes of the bigger players n an offer is forthcoming.

Mb59. This is the number 1 problem in investing companies who operate in 2nd / 3rd world economies. Of purse the rewards are greater but there's an even greater chance of losing money than making money, I think Tanzania is in the hands of shell and if they walk away this development could be years away as nobody will have the financial n political muscle that they have can carry this project forward. It's all down to the EG asset and Thailand production, not much hope there I guess although if there is any light it's a few years away.

Looks like this will become a non-core asset at shells next office meeting, Ophir should have sold their remaining 25% in Tanzania when they could have got good money but hey ..... good job they sold out to shell and the other company leaning them with 25% rather than 100%, again this highlights that the country of investment is just as important as the asset because these guys change rules whenever they like, good luck guys, I can see the trading update mentioning this and causing further drops.

Wouldn't look too much in to a few 20, 30k sells. I personally hold over 56k shares and I'm Mr nobody so just relax n enjoy the ela ride. No point paying any attention until mid September. Regards.

Rig should be ready now and be on it's way to op-7 next week. I think there's a good chance they could achieve a greater production rate likewise with op-1 & op-3, I think they could surprise on the upside of 8,000 bopd+ That would be nice. It's fair to say it's just about the wait now.

Good find goldenboy2.

Followed fpm for a while, not purchased recently but am still weiry at a valuation of over £300m even at 82p. I think Upside it very limited with top side of £1.50 a long shot away. Even then they would be worth £600m ....wow. That's nearly a billion dollars. Just can't see it happening. Can see a range of 70-£1 for a very very long time. Any takeover will Not see anyone pay more than £1 n that's still £400m.

Mate, life is like a box of chocolates .... ever heard that ? U never know what ur gona get next lol. The bod have had enough, u can be married for many years but call it a day with your partner and I'm sure ur speciality will be ur wife lol. Jokes aside my personal Opinion is that the board will look to exit, if we just say another fundraise for arguments sake so current market cap with new raise will be £150m or $200m. So at £2 a share u have a company that's nearly $800m or nearly a BILLION dollar company !! Not saying it won't get there, maybe it will but it will take a long time and many things have to go it's way. I think ela will Be sold or start to use money for acquisitions so add a little extra debt n further market cap value will increase. Just for comparison I would look at fpm who are producing roughly 15,000-17,000 bopd rising to 20,000+ over next 6months. Valued at £190m with no debt and better reserves, just an expample. I'm not invest in fpm but unless ela or elcrest get to 80,000 bopd then it's a game on. Won't happen! Takeover way before then !!

Herminator alot is out of the hands of ela. One thing is for certain over the next 12-18 months, a strong market sell off, the other thing is oil price, if it does not EXCEED $70-75 by end of 2018 ( doubt it) then there's a serious argument to have here as to how much value can be achieved above a valuation of £1 which is about £230m market cap. Looking at comparisons there's real value at CURRENT prices but at a £1 it needs to maintain its performance which in Nigeria is a real 50-50. If they can hit their targets going in to Jan 2018 I think it would be very wise to sell up n move on !!!

Planterman I think u could be right with the 95p target but I hate waiting lol. I can see these blow very fast in to mid 60s and probably go on to early 70s when G-1 starts drilling. With those results hopefully coming is better than expected should see these race towards late 70s-80p. For me that's enough bites of the cherry here as they would only have ubima to come online with 2,500 bopd which is 1200bopd net to ela. Only way these would go to £1 is with target being hit and crucially oil being around $60+ which I think for this year is a bit far fetched. Personally I can see a huge correction in equities towards the end of the year which will again be a drag on the sp. it's only my opinion n I don't know shttttttt lol. Markets are all about timing. I've been lucky here to place my live trades n got out near peaks ....twice. Now it's the 3rd time n I'm Very greatful to ela but could do with hatrick of gains here. Lovely !!

As I've always said before and will say again, I think the bod will look to exit Nigeria n in to other areas with more stability. InAgine if they were producing 25,000-30,000 bopd and the pipeline was attacked again ? Truth is it's been a tiring process and one which is out of their control. Can see them being taken out by year end !! 85p would be fantastic but my exit price is 75p for a £9k profit. There's too many boats out there

Market is collapsing around ela. Pmo, enq, others all get chopped up !!!!! That find raise was a master stroke. Come on ela. ......let's get news on drill lol

What nonsense u talk when u say it could drop a lot more if something happens to fercados again .... they would then immediately go back to barge shipping via the trucking route although it's more expensive. So unless there's some other news that's concerning this drop is just a fund offloading a stake to buy elsewhere as there are better opportunities that have arisen in the last few days. Fix up look sharp mate. Lol

Wow. U just don't know what u will get with ela. People paying 55p in the raise must be kicking themselves. Strange.

Exactly H. I think with an OVERSUBSCRIBED placing at 55p, these are now 52p to sell, shocking and as I've always said n one of the reasons I've been in and OUT of ela is because this will not go up in good correlation but instead will Be very difficult to understand it's trading patterns. In turn making someone like myself take the 20-30% on offer. The £1 will hopefully be soon but if I was a betting man I would say it's a long while away. My personal guess .... may-June 2018 for the £1 sp

I will spare you because u keep losing money. I'm here to help mate. I run a Samaritan s hotline if u feel the need to talk. Looool.

Bought back in today. Been in a few times very successfully as you guys know but this times it's for the medium term beyond September / octopus bet until gb-1 comes online. Oil at lows which doesn't help as any penny counts but the next 8 weeks will see this re-rate with substance. Here we go again ......