Member Info for NelsontheDog

Back to just us lot then.

Slug - did you sell all?

I was pretty confident it was a p&d so sold 1/2 - now whether I reinvest at new bottom - hoping I don’t!

Totally agree Albus, it seems like they dont put commentary on the projects and their upcoming prospects for fear of upsetting the less able children in their family.

I would love to know more about Oracle, Tanssi and the sub investment group they funded. Timings on coin launches could be made easier to track.

Thats a moan only - I still feel happy to have the opportunity to ride KR1's coat tails and if they do get to move listing there would I suspect be a substantial bump in valuation.

GLA

It was the BB equivalent of a ghost town here, so I sloped off to the dunny to read the paper and think up a lame but pithy response to Slug and on opening the door and exiting not only is Slug gone (surely no!) but the place is alive with activity and excitement - +100 posts - golly. So much activity and new people in their strange outfits acting with purpose - not sure if its the cavalry or the circus in town yet, but concerned by the amount of red noses on show so far.....

Might not run off to join either, but certainly brightened the meanwhile.

Oh look, is that General Custer I see?

Lets say VELA wanted a trader - how would they select a good trader? Tradingstar wouldnt stand a chance - in their interviewing and selection process they would probably get all mixed up and mistakenly end up adopting a rhino on the serengeti.

The only purpose Vela has achieved for me in the multi-year period I have enjoyed the services of this BoD is to demonstrate that there are worse investors than I out there!

Seriously, other than securing their roles at Vela, I cant think of a situation where they could end up smelling of roses in any scenario that requires their judgement. A unique coming together of individuals with gaps of talent that collectively achieve the holy grail of covering the full 360 degrees of incompetence at all times. Its remarkable.

Even if they only had 1 choice, they would delay thereby missing the opportunity to succeed.

They couldnt score in a brothel.

If they were bears, they would foul the pavement.

Their pope is protestant.

and lets just hope they have good round the clock care to keep them from harming themselves in day to day lives.

BoD - Prove me wrong!

Hi StarB,

I am often wrong but I think in this Enog Morrocco potential negotiation, ENOG's initial position is that due to the contract they have signed, they have time to delay progress - ie if Morrocco dont offer better terms, ENOG can sit on the development - effectively mothballing it, Chariot and Morrocco's aspirations for self produced oil. For how long, who knows but someone in Morrocco will need to explain how the barbarians at the gate effectively were given that contractual right to effectively delay to the boss - uncomfortableness all round - both for the civil servants and even more so the likely scapegoats - Chariot.

So in the meantime ENOG post Morrocco as ongoing operations - just because they have moved resources away from this at present, doesnt mean they have exited. Equally, just because they havent formally exited doesnt mean they intend to continue.

Chariot still the child in this negotiation in that we really dont have any sway at all - one would hope that with their relationship to Morrocco they are assisting in producing the conditions for a renegotiation between the two parties but thats about it - but as per above, they may not be the favourites they once were at present.

Sovereign states dont like to have to bow to trade entities as a rule, but if they dont, their gas production prospects may receive an almighty dent - the scale of which we do not know.

Hi

If ENOG decide to not actively pursue Anchios - under the terms of their agreement with Chariot, what is the triger for the return of the rights to Chariot? Is it a date when things must happen by, or what?

I am just trying to understand the timings in case it does happen. I would not want to see Chariot impacted by a dead in position partner - until the rights return, how long? and is there any cooling period post the return before Chariot may enter a new agreement.

I openly admit this is a lazy question and I could look this up, but I am not spending time on an investment holding that for me is now worth less than £1000, so any knowledge already here from the BB contributors would be gratefully received.

Agree PK - as you say the game is back on.

I am not fully aware of the timing nuances of announcing the claim size - presumably we wait first for the panel to have the chance to meet with each other and the parties - with a fair wind that could still be next month. However I dont have a view of the softer elements of the timing and the announcement deployment. Interested to hear from any views here as ever.

No real reaction to the chair announcement - fair enough.

Hi

Thanks for links Gingerninger. Definitely refired my enthusiasm (I was a walking wounded from last cycle prior to this. It looks like Yellow Network could be the real deal and if so we are sitting pretty on that alone with a couple of other good prospects in addition.

Exciting times and pinching myself that Coin can be in this position.

KR1 is a fantastic investment - if you have long term exposure it will reward you hugely.

Just jumping in on DOT - it is the perennial non-performer with developer activity on it always at the top side but it does not flow through to the Coin holders. Despite the underperformance, it should get back to $50 in the bull run and there is always the chance (that most LT DOT holders have given up on) that it catches the markets eye again and has a hyper run.

Datt

it is a sad state of affairs to the more reserved BB visitors here that the most outlandish of your claims in that last post is that EUA will be sold.

I think I am in agreement with your sentiments oilworker1.

I am beleaguered and weary - the well fail was extremely wearisome, but I still have trust in the BoD and I believe they are still heavily motivated to succeed - CH returns on this booming will make him a rich man unbound by salaries if he so wishes with a reputation that should open doors to him if he wants.

I guess the delay now is in securing a rig - I also assume that the LOI related £7,000,000 investment and its terms is agreed and will be signed the day the drill is announced.

Very disappointed in timelines and the impact on share price, but I believe in the project still and its ability to unlock enormous value - hence I will continue to hold - I would love to be able to add at this value again, but already heavily loaded and I am not sure I want to increase stake size risk.

I dont have a strong view on the need for an oilman at executive level - plenty of oil explorers with oilmen fall foul of results and unexpected outcomes and end up on the corporate scrapheap- however I am glad our non-oil exec decided on insurance like a good savvy commercial operator - reducing risk in a risky environment, otherwise, oilman or no, we would not be here and a going concern.

My view is very much akin to yours Bagmann

Chariot cant disclose what Enog dont disclose - the fact that these reports are coming from individuals associated to Enog and not the company tells us this is a posture for negotiation. The fine line of not having your bluff called to leave is captured by the "we are too big for this" element. Ie there is gas, plenty of gas to make this a commercial success. Big operator or small operator - my takeaway is that Anchios is a goer still and that is not represented in our share price at all.

Personally, I do think Morrocco will blink and change gas rate - they have plenty of flex to their import price and they need to get gas pumping for their reputation as a gas developing region. Enog know this also. In the meantime, Chariot with its good links to Morrocco, needs to sit still quietly on the corner of the sofa, like a kid up past bedtime - they can gain nothing by attracting attention in this phase.

ENOG have blinked - they want to stay, otherwise they would exit - now we await Morrocco's response.

All obviously just my opinions and extrapolations but this raised my optimism rather than lower it further.

After a good few years holding as on balance I dont feel the true valuation of the innovations will ever be attributable to LT shareholders. I was already concerned but Cliff's actions pushed me over the edge and I have realised my loss and moving on. Considering a move to ONDO Insurtech (water leak detection tech) if anyone is interested or has a view to share.

Thank you for contributions and views over the last few years - a very good BB here. I wish you all good luck as you go forward.

AtB

NtD

Agree KatS,

Trading only from here. First he took a direct bung for an investee company and now in a token fund raising for a small amount Clifford appears to have his fingers deep deep into the over 30% discounted to price rise. I am not sure I will be hanging around any longer - trust completely wiped for me and there are better places to recover my initial loss I think. An absolute disgrace of corporate governance here - been investing for a long time - usually once directors start this kind of behaviour its a slippery slope to zero for shareholders.

Thanks Northern and Mikie - I appreciate your views having spoken to Leon. Great if IRH or another deal goes forward and I look forward to my concerns being unfounded. In the meantime I still see JLP as a super investment - IRH is supercharging to the already top gear prospects organically to come.

Overtrader, Saudi in September / October were upset that Russia and Iran in particular were producing on an unfettered basis and reiterated that if they do not correct this policy, Saudi may open the taps. They gave a timeline to December for Russia and Iran (and less notable others) to respond. The threat is Saudi will open the taps and allow the price to plummet, knowing they can survive better than Russia and Iran. So this lower oil threat has arisen from the OPEC+ relations, not a Trumpism.

For me, this is the missing pivot before everyone gives up on Ukraine so I am watching with enormous interest.

THank you for all the details of the AGM posted here. Very much appreciated and added to the feeling of positivity. I am very optimistic and I beleive the core Jubilee prospects are fantastic - incredible value at this price.

In relation to IRH - my warning lights are on - IRH asking for more information and being demanding. As investors that is probably our core moan in the company to date and I find it very unsurprising that IRH have the same view. JLP can of course look to other parties but anyone putting money in will ask for the same granular information. JLP will need to change its spots and provide it. Personally, I still view and assess the future JLP value without IRH - the prospects are blindingly bright anyhow - if IRH comes - great! But it would take a fundamental change in JLP to share more information, and with the core business booming, will JLP feel the need to do this - they are already deflecting in the comments at AGM rather than squaring up to IRH requirements.

Interested to hear if anyone agrees.

Good confirmatory update. Operationally, the headline and initial worry is the Roan leach news. However from a Moneyman view, - the performance and outlook perspective, this addition is not in required to hit the forecasts and the confirmation of other activities to smash the SA outlook is good as well as more noise confirming the safety of the route to higher copper production is welcome.

If we can now half by half, evidence that future capital requirements are there to be funded by cash inflows and some now overdue form of balance sheet funding that would also add warmth to the news - we will never get massive loan to asset value due to geographic risk) but we now have substantial assets and this news will be welcome.

Share price now way way way too low. I will lose the way words at 2p increments as and when we rise. I would expect added tipster activity as the value here is astonishing. Ignoring the geographic risks for a moment, the work to gain the new production is done and the risk is therfore substantially reduced.

NtD

When my son was 5 years old and first learning to ski he struggled to get the snowplough. On the evening of day three he sincerely and earnestly told me the French instructors had installed a machine on the front of his skis and it was working. I swung by his lesson on day 4 and discovered that the machine in question was a shoestring tying the front of his skis together. Maybe French to English translation was to blame but it still makes me chuckle.

Just mentioning, as when you mention the Coinsilium pr machine this immediately came to mind….

AtB

NtD

Hi

I’m in London and would be happy to meet fellow investors and Mark. I own about 8 aim companies and I would say Mark appears the most in tune with us PI’s in not only words but also his actions - so it’s not necessary but should be pleasant.