Member Info for munchbox54

Arran work has started. Yeeee haaaaa

H. I understand your point but I think both you guys are missing my point. Sep are producing 50-57k Barrels of oil A DAY in Nigeria. The price of oil has nearly doubled ..., surely we deserve a 10-15% rise in sp ??? No ????

Temple. Ofcourse it can but these haven’t even put on 10% when Brent has recovered 85% since I bought in here. Where’s the logic there ??? Baffling to say the least

If these don’t move up today then I’m out. Surely the sp can’t stay the same as oil has gone from $20 to $35 and the sp is still stuck at the same level. Something 100% nit right here Doing 57k barrels a day ..... come on .... where’s the common sense

Yep. Think we could see a good few days here. What happened to Wednesdays jump then strange drop ?

Hoping for £10 today

Mts. I hope so. Amazing swing of nearly 950 points today on Dow. There’s definitely a leg up from here but as most of the city knows .... a sell off will come soon .... we could easily have been £8.50 tomorrow but will likely be £10. For me it’s nit about daily movements. My only question is will AA pull the rabbit out before the market sells off. ???? Market at crazy levels similar to August last year and yet 3/4 of the world is still in lockdown. Food for thought.

Mussy. Best post on here.

Constructive yet accurate and to the point.

There’s just too many restrictions put in place with other countries and also one of the temp new laws maybe for airlines to only allow half planes to fly for first few months using social distancing as an excuse.

IAG WILL recover .... there’s no doubt about that 100% they will but question is at what cost ???

My personal opinion is the firm is too big to not generate investment but it will come at a cost and that will be at a lower price.

Don’t forget Qatar sovereign fund bought in at £5 sonthry might double holding at say £1.20 and have a breakeven around £3 level.

Takes away the shift from covid 19 and shows that we are a company going places and personally have more in the bag than skin. Don’t get me wrong but it’s our network and Years of experienced network building that skin wanted so bad. Here’s to more contracts. I can see another coming very soon ....... ohhh and don’t forget the new waves of cases that are reoccurring with covid 19 .... looks like it’s a matter of time before Boris comes calling.

Newkotb. Agree with you on that.

Personally I don’t like a clean Compsny getting involved with a so called dirty / messy company in this case i3e.

People always like to drum up rumours.... that’s fine , it’s part of the BB discussions but reality is AA will want to keep everything nice n simple n clean ..... no dodgy exploration issues and shareholders etc etc.

Production is king here especially if you can pick up assets that operate around $20 or less on Brent.

Looking at Dow .... looks like top up time is approaching. Would luv to add more of these. Only stock that feels safe although I’m in the red big big time ..... strange hey !!!

Did we just give up 7% over fresh air and some traffic lights ???

If it is the i3e deal then it looks like a shxt one.

Roll on tomorrow, let’s break £10 .... fair to say when it closes past £10 then it’s game on very quickly then onwards.

OMG. Boris has just caused this to rise 100% tomorrow.

I
Mentioned government contract earlier .,,..... I can promise you they are in talks already.

MWG ARE in TALKS with the uk GOVERNMENT!!!!!

Rns will send this absolutely mental.

Antharry. Good luck. I’ve added more today.

Expecting a huge rise here. People cashing out of ncyt will help balloon this. Wait until it gets to 5p.

Abyway how they secure a small government contract let alone a huge one and this will do what nyct did.

Expect 3p to be gone today and 5 p by this week.

Big things ahead. 2.3p to buy ??? Are you serious. This should be 10p on speculation alone.

For the replies to my question on Gibraltar. I’m in today. Let’s see where we go from here

I’m glad your waking up. I hope you guys recover your losses but this was one of the reasons I fell out with many lovers of VM on here and sold out many moons ago thankfully at a price nearly 3x today.

It’s nothing short of shambles here, being told bare face lies is not acceptable. Ok ..... so let’s put today’s rns to the test ..... all is about zaranou right ? And if that is like all the other assets and not as good as THEY THOUGHT???? Then what ?

I apologies and don’t mean to cause offence but these aim companies are really full of cack.

I took a huge loss here from before and am really looking to make my money back.

Will buy in the morning as Germany has just reported a second wave after lifting restrictions so I’m guessing the new product will become a necessity eventually.

https://apple.news/A9IrhoMPDTKm1F3JF_-O_tg

What actually happened to the Gibraltar contract ???

Much appreciated

Lonestag. Funny you mention this ...... I just had a meeting with 2 of my business partners and the theme of topic was waiting for a bargain property to pop up as so many will .... commercial that is as many businesses even with loans will probably go tits up.

Same applies to AA I reckon.

He will just wait and deploy the cash where there’s a huge bargain to be had ..... although these assets are a good fit I just feel that spending $500m in this climate can get you much more than 3 months ago.

I think AA will wait but can’t see him waiting much longer than July to acquire.

My stop watch says Rockrose will be one of the first to move and it’s probability is 8-10 weeks tops.

Personally I don’t see many throwing cash about as they don’t have it.

Guys ,

Let me clear it up, has the guy got it wrong ? Obviously.

But what we need to understand is how he’s come to that conclusion and he’s clearly used the formula as shown...

Share price £9.05 + 25p dividend and was £6.35 in March so stick has risen 37% in 10 weeks ......

He’s probably worked that against the normal averages that have risen 25-30% so he’s come to the assumption along with maybe oil sector out of favour that it’s a sell.

He’s basically one if many cow boy tipsters / analyst in the city and shows how short sighted they are.

Unfortunately some like him just work on short term fundamentals and don’t see the bigger picture.

One thing that does confuse me though is he used March but if he went back a few more weeks or 2 months then would have realised this was at £20 Level.

Keep accumulating guys, I will surely buy more at current price even though as many agree we might see a pull back in the oil price.

Elland. Absolutely agree. They took our ELA and had a market cap of about £700m. Fast forward 6 months and they have a market cap of £250m. Bargain doesn’t even come to mind ...... it’s a steal with 57,000 bopd to be pumped this year it’s easy money. !!!

Seplat are very much vulnerable at current price. Long term they are certain to increase in value and next year will
See them gain serious followings with the ANOH plant.

With elland currently missing from the market cap I think NNPC or NNDC could easily swoop here.