Member Info for ndmLSE

LOL

+1 for oldblue1973 - same here, waiting patiently (or try to, given I'm checking RNS page every other microsecond)

well maybe there had been a 20m settlement proposal by Slv gov, AST rejected and asked more, and this is now Slv gov rejecting that AST's demand

if AST takes a 120m€ (approx 100m£) to international arbitration, how likely others think is the SP would incrementally climb to 50-75m£ market cap just on speculation?

Alwaysup - acknowledge your comment, but I was assuming ivans hoped for a 600% return from current level

600%? Impossible.

I took notice of the following from RNS dated 22nd Feb:
"The Investors reiterate that, although they continue to sincerely hope that an amicable solution can be found to the present dispute, at this stage there can be no certainty that an amicable settlement will be achieved with the Republic of Slovenia and fully reserve all of their rights and remedies arising out of Slovenia's treaty breaches should an attractive settlement offer not be forthcoming. Further updates will be made in due course."

My reading of the situation is that the negotiation is tight and they're using all time needed to ensure if an amicable settlement is reached that it is the one investors need. The longer it goes the better IMO, if settlement is reached, as it shall be a good one. If not reached, then international arbitration. It would be a pain, but in our interest not to take unfair settlement.

The SP has followed a perfect fibonacci from .5ish range to the 1.7ish peak. Retrace and now sitting in typical everything can happen territory. I think this is the new SP support level set from the new buys in. And the level market is accepting as fair bet on drilling risks. GLA

From 11th March RNS:
The Merlin-1 well will initially be drilled to 1,500', then surface casing will be installed and the Blow Out Preventer system tested. This is expected to take approximately one week to execute.



The well will then be deepened through the target horizons in the Nanushuk Formation to a maximum total depth of 6,000'. Logging while drilling and mudlogging will provide initial indications as to the prospectivity of the well during this part of the operation, which is expected take three to five days. A sophisticated wireline logging suite will then be run, including sidewall cores and downhole sampling. Wireline logging is expected to take five to seven days.

I've sliced gains off all other investments and dumped them in 88E around friday close... Really just living it as buying a lottery ticket, with the slight difference here it's not all random chance, the region is a freaking oil reach area. There's of course substantial potential, and that will indeed push the SP to the highest the market is ready to gamble pre-results. But from that high, there will still be a multibagging peak if positive results come out of drilling/logging.
GLA

@Tango1
Good list, it will be important how the Slov. Gov. will play those incentive, do we think they will try and discount equivalent "benefit" valuation from the desired cash compensation?
Fingers crossed for a great outcome and GLA

16:54 - agree, that's my position too

I don't think it's any leak, just buyers reacting to RNS and joining in.
In the run to drill and logging SP will settle to the level the market sees as fair risk for potential reward.

While I do agree it's nice to be wrapped in ISA on big wins, it is also important to remember that your losses in ISA are equally wrapped and cannot be used to offset other CGT-subject gains. The right choice about investing in/out of an ISA are dependent on the specifics of your wealth composition, and your tax planning. In case of risky shares (like O&G exploration surely are), I see ISA as the best choice if you do not mind the potential losses (i.e. you do not need to offset), and if you handle your ISA shares portfolio carefully, leaving yourself always some margins to potentially have to average down on unfortunate event of dilutions or SP retrace. For that you shall either save enough ISA allowance to be able to deposit more cash and buy when you need to average down, or have already a decent portfolio so you can redistribute your holdings shelving some gains from a blue investment to average down a red one. I'm not a financial advisor, just my 2 cents.

Agree with Tango1 10:49
The RNS would suggest they have worked out an opportunity to be snatched now, hence the placing. Hope we soon see a new RNS detailing the ESG opportunity and adding to the Slovenia settlement momentum. Then follow up with Cuba. Like any other business luck is needed, but 2021 could see this SP moving persistently north

I think the red of the recent days is more down to the shockwave caused by the "reddit forum WallStreetBets", and a bit the downbeat assessment of the economy from the US Fed - I don't think there's anything specific to 88e

0.50 on IG

I'd add, make your calculations carefully cause the wild spread of these days may mean an assumption to be able to buy back cheaper on further drop doesn't actually give you a great deal of a gain, if any at all

Had been trading in AEX and Solo between 2016 and 2018, I exited both in Apr'18.
I bought back in on the initial break out of Monday. Very happy today, and looking forward to a strong future holding in AEX and SOLO - though I'll probably exit SOLO earlier than AEX ;)
Good luck to us all!

RNS was due hence the negotiation of the 500k exclusivity fee, and looks like by Aug end we may celebrate. Hopefully a slow steady raise of SP till next RNS and a good spike at RNS...