Member Info for NicetoMichu

and I topped up first thing..
The economics on this project are exceptionally good now.. imho

ouch.. great if you're right on that entry point view name_mike, though.. but who knows really..Q end feeback is a very big thing here now.. not long to wait and here's very much hoping ..

The market can remain irrational longer than plenty of investors remain liquid, alas...

And what rational is and indeed how people define the goodness of a companies fundamentals is very subjective..

But take away all the noise and dividends paid/sell on value ( that often then paid to shareholders as a 'dividend' payment too granted ) are the essence of it all

AIM O&G'ers are very slow to pay dividends of any shape or form, generally, alas.... and many fund managers don't touch O&G any more as the sell on value 5 to 10 years out may easily be cr+P as the green economy comes more and more to the fore.. but the despot Putin has, ironically, perhaps given this sector more more go round...

I'd still be open to topping up here in the 3's p btw..but mid more than high 3's now .. but hopefully for those suffering here it doesn't go there..

i've been in and varying degrees of out of this since the earlish Redt days Mozax.. and there have been quite a few false dawns .. the hard thing is to know which would be the real dawn here.. my guess is there will be one eventually.. but when exactly that is I have no real idea - Ditto for my two other 'tech' innovator bets Nanoco and Verserian - and hence i do some range tradng alongside buy and holding..

A technical Question if I may ..

When you, Trustlie, say :
'' Exxon want to pay employees directly removing a question of doubt by going through the ministry where some middle men can steal the money.''

My question is, does ''Middlemen'' include the Minister, his wider family and his chief administrators and sidekicks ? :-)

Holding over a few k is complicated generally versus NMS/illiquidity for a share like falanx imho ... so, as a rule of thumb, i'd never have more than 5k gbp in a share such as this ( i hold at least 25 AIM shares at any one time and about half of those are under 25m market cap(MC) .. but very few I hold are under 5m MC, ever.. and the MC here is at decently under 5m now.. and that's properly small by even AIM standards.. eg Micro Cap funds generally don't invest in co's with less than 50m MC ..) (Broadly speaking the higher the market cap the higher my max position size is allowed be as a rule) ...

And in afore context fully understand why Davy took a good chunk of his relatively big sized bet here off today...

PS; on a point of order, when Davy says this market is 'on its knees' or worst since way back whenever, I note that the AIM all share Index has gone from a recentish high of 1300 ish about 9 months ago - and 1200 ish at start of this calander year - to just under 900 today. BUT in March '20 when some briefly thought co-vid might be catastrophic for the World - it dipped as low as 600 ish for eg .. and I've seen it around that level on one or two more occassions in the last 10 odd years i've been in this game too.. ALSO, the more mainstream UK indexes are struggling somewhat but are a long way still from noteworthy lows.. so markets generally could easily go much lower again from here, alas.. but they might not and hopefully they don't, obviously

one more top up for me today Mozax.. ahead of the 50's p being upon us.. !

My instinct is that this can rally somewhat decently from a very bombed out 40's p.. I know it's a bear market, but, again,it was over 200p 15 ish months ago, so I don't used 'very bombed out' lightly ..eg now that some buying momentum is being established, it wouldn't surprise if this moved back into 60's or 70p's smartly enough..

IMHO and DYOR

Fundamentals - eg 'co. is valued at cash' - especially on AIM go even more out the window in bear markets .. and (il)liquidity becomes even more the key s/p driver.. - AIM stock 'fundamentals' are super tricky to even a half decent handle on anyway as financials smoke and mirrors and the suppression/sugarcoating of 'bad' news are omnipresent - as buying in AIM small caps dries up even further in bear markets.. and so even small selling sees MM's widen the spread and drop the price to try protect themselves further - MM have price making obligations and if the can't find a buy for a sell they've taken on their books, it stays on their books and they're at risk until they find a buyer - and off the back margin account trading sees more forced sales and stops get triggered and there's more panic selling generally.. and , altogether, it can become a down spiral ..etc.. alas/ufortunately

I repeat, this BB is hilarious..
( hateful/awful too of course.. but I'll glance over that because of the entertainment value.. )

I must admit I'm tempted to buy a few grands worth - hence my back here posting in last few days - but am resisiting so far and think I can keep resisting..And I'd rather this didn't go down to my new .50 p target... as it would show wider market malaise ongoing, which is hurting me to a reasonable degree generally already.. also too many have suffered too long here already

no need to go to the cicrus when you have this BB to look in on ..

A few months back I posted here that i had a buy back in here target of about .70p.. some here said I'd never see that.. more of less, we have now.. but, per my recent post here, i've, alas, felt the need to revise my buy back in target to around .50p more recently.. I'm hopong for the iong suffering here that I don't get to buy back this share so.. fine by me as there are plenby of range trading bets around generally anyway.. especially in a bear market.. but if a proper bear market you'll likely get to buy lower again..and lower again then.. etc .. Hopefully it's a short term bear market only

I'd sum up the many years I've been involved in ppc.l as follows:

250 million 1 dollar tickets are issued for a good cause lottery and a total price fund of 100 million dollars is announced alongside. Via ppc.l, Peter Levine quietly buys all 250 million tickets and wins 100million dollars in prizes.

The good cause of him creating/maintaining a bunch of decent jobs in Argentina/Paraguay is honourable..... and plenty of Argentinian/Paraguayan families should be thankful to him for that.

"As Macbeth said to Hamlet in A Midsummer Night’s Dream, 'We’ve been done up like kippers.'"

fair play ... and i'm doing my bit for the team here too Mozax.. one top up yesterday and two more today..

Thats a reasonable response imho and in fairness.. And if i were at a 30k gbp bet on here instead of my current 3k gbp bet i'd definitely be posting along the lines you are, and not the lines I am, in fairness.... So how much have you got bet on this doggy then ? I'm guessing it's closer to 30k than 3k gbp :-)

With respect comeonvog, you've conveniently not mentioning the other half of the equation.. production may well be similar and revenue may well be higher, BUT it's the extent of the expenditure that's undertaken just to keep production similar that's the elephant in the room.. and those 2 or 3 DP wells i was banging on about yesterday are potentially the belly of that expenditure elephant.. you could be talking - a guess, very happy to stand corrected - 10 to 15 m usd after huge cost and implementation time overruns here?.. for what.. a few hundred barrels of oil a day, maybe ? ( great if more , happy to stand corrected?) .. even if that output is for years to come it would blo+dy want to be .. (ref my payback timeframe q's ? on these wells in yesterdays posts .. )

Also the number/costs of fixes of one shape or other on existing production has always been a relatively very significant problem here too.

Generally, the extent of debt that ppc.l is adding feels a joke to me..especially as this seems to be mostly just about standing stand still in a production numbers sense.. and you sweeping this under the carpet is hilarious to me .. hilarious as I have 3k gbp in here only.. it wouldn't be hilarious if that was 30k gbp bet here though.

fair enough on DP2001 comeonvog .. and I apologise for missing that May update.... and deserve a dig for that, even though you're kindly not giving me one..
DP2003... and clarity on DP2002.. would be nice to know about too.. and total costs situation on the 2 or 3 wells.. total costs versus nett income on oil - and gas - produced from these will be interesting for me .. for payback periods etc..

PS; I said Operational Update RNS in my earlier post .. it wasn't entitled that, in fairness, so my mistake again..

in fact ive now decided to start this topping up exercise in 40's p.. and did a first war up small buy now too.. and have now ring fenced a fair few k for topping up more here as and when..I'd certainly add all that in 30's p, if it went there, it may not of course.. And I'd ring fence another - proper - bunch of cash to throw at this if went under 30p )

thanks re raise in Nov Mozax.. dumb of me to miss that, apols..
And very useful they took in that bunch of cash then.. ( and at 100p )

Cluster+uck.. .. and I'm running out of Only Fools and Horses quotable quotes to offer here in honour of the one and only Mr Fooler .. but not run out yet fortunately/phew :
They asked Pete what he thought about Hamlet. He said he preferred Castellas..

Chad Gov. gets 20 odd M usd and this deal completes mid to late July is my latest guess :-)