Member Info for NicetoMichu

Mid core ramping is seemingly not getting the job done here, alas... so time for some hard core in q3, perhaps .. and if still not working rampant ramping may be required in q4...Any volunteers ? :-)

Hopefully indeed Longlad all, some or even just one of Adams, Mee , O'hara see this as a further buying opportunity.. if they have bullets left to fire...
( If their buying is part of a bigger plan to get Ed's 'ead on a plate then fine by me. And regarding losses: my overall loss from involvement here is a- fofrnately bit less than 5k gbp- as at 2.35p that is - .. I first came onboard kinda late in the pxen s/p carnage and range trading in previous years helped me manage to keep the loss kinda in check too ....and 10k gbp bet I have left in play is about 1.5k down as I type .. and I still think - aka hope- patience for a year of two more might prove fruitful here one way or other)

Good point on that sold IFC holding potentially being ongoingly fed into any buying volume that appears in the market razoba!

We need more punchy buying to get any such problem to go away more quickly. And we need more clarity on the key bottom line stuff from PL before that buying might happen, seemingly. And if all that key bottom line stuff was very good then a PL type character couldn't stop himself telling the world asap.. but he isn't telling the world about this key bottom line stuff asap...

( eg1 of a potential cupboard skeleton might be existing wells are depleting rapidly instead of steadily eg2 might be the cost of bringing on new production is high versus the rates of new production that actually end up being brought on eg3 might be planned H2 new Oil will be far more meaningful than new H1 gas go lives to the bottom line, so lets just wait and see if those wells go lives actually go to plan )

Given this is only 2 odd p with these VERY favourable poo&g tailwinds there is clearly a lot of lets just wait and see thinking going on from potential buyers.. and the history here explains why it's obvious why such thinking would be so widespread.

Altogether, if there are no more skeletons left in the cupboard then I too agree this is somewhat undervalued at anywhere in the 2 p's. And IF the Oil drills in H2 go to plan and this were still priced in 2p's then I'd change afore somewhat undervalued to significantly undervalued...

But, 'let's just wait and see'

It's hard to forgive Mr Danogate supporting the Gunners Happysparrow :-)

And I very much hope he sticks with what he's great at instead of buying some or all of those misfiring weapons. But, if he can contribute to creating a future Cameroon energy demand picture that helps justifies Etinde being brought into production, I'll be forever grateful to him.

I remain long and strong here :-)

Good old Timmytraderface.. a name that has been with us for a long time.. and calls it warts and all..

A good bulletin board is a balanced one imho

( ps good post all the same Sp28 imho )

there are indeed plenty of news points on the near/nearish horizon jwoz.. one or some have to be clearly good to the extent of stopping sellers feeling the need to keep selling and more crucially starting buyers buying meaningfully again.. (I feel recent final phase 1 holes assays results RNS were at least decent and perhaps good news.. and defo. not bad news .. yet the share price continues to fall.. and from a semingly low level of late 3'sp too .. )

me too andmilsey.. but have now spaced out my buying to .2 p's apart tranches instead of recent .1p's apart .. and gone smaller clips instead of larger ..towards hedging my bets :-)

(but every little helps, hopefully.. and I expect will altogether be adding approx 10k gbp back in my own time..and have a core holding here too.. etc.. because I believe that sometime in the future things will be brighter here.. accepting tdoubleau may have a point re hard to rally this in the coming weeks.. so we absolutely do need some clearly good news asap to help turn the trend around here.. very please )

Ps: look at the amount mtph has raised over the years and look what they've delivered so far...and that's not to mind their original market listing that raised a shed load too.. this company has been a complete clusterf+ck so far.. even by AIM standards.. but hope springs eternal and I somewhat still believe

What makes you think I was including you under the 'uninspiring posts' Sp28 ?

So you get to ramp the a*rse off this.. and I offer an alternative view..and we know what my game is.. so, equally, we know what your game is too :-)

Trafigura started buying in here before last June comeonvog.. see my cut and paste below for eg... (and no doubt they, back then, though 4p was a good first tranche entry price :-))

I'm only still here because i refuse tro let an arrogant little man like PL get the better of me .. and as my current average is low - 1.8p ish - and through range trading my way out of endless holes over the years i'm only a small few k down from my previous 'journey' here.. so I expect/hope i'll do well in the end here.. but, whatever, I'll still remember Pl as Napoleon Bonaparte. And I never did, and never will like Napoleon !

PRESIDENT ENERGY PLC

("President" or the "Company")



Subscription for new Ordinary Shares by Trafigura

Conversion of debt into equity

Immediate reduction of Group debt by US$5.95 million and potentially up to US$14.8 million

Trading update



TRANSACTION HIGHLIGHTS:



·; The international commodity trader Trafigura has agreed to take a significant stake in President pursuant to a subscription to raise up to US$10 million, comprising an initial subscription of US$4 million for 75,997,775 new ordinary shares in President ("Ordinary Shares") at a price of 4.04 pence per share (the "Initial Subscription Shares") and, at Trafigura's option, potential further subscriptions of up to US$6 million through the issue of further new Ordinary Shares at a price of 4.65 pence per Ordinary Share. All subscription monies will be applied in paying down the advances made by the Trafigura group to the Company and its subsidiaries (the "Group") referred to in President's announcement of 25 July 2019.

I'm fairly surprised it didn't roar up on that news too - eg 100p that day was not impossible in my mind - and when it turned down punchily at 50 p I was disappointed and then felt compelled to change my view quickly.

We need size buyers in the open market, but the kicker might be that they'll hold fire and instead participate in a placing that they know will soon be upon us .... and get in in size at some very favourable for them price, that might be a fraction of what their overall average would be if buying in size in the open market here.. and with many companies on it endlessly going cap in hand for raise after raise, AIM can often a brutal game for long term holding Pi's, alas.. eg Mtph.l ( but adding range trading alongside buy and hold absolutely can help )

100% Coldbuffet... and if I could have put it that well myself i would have :-)

You've been one of the top posters in my time here and that's much appreciated. Speaking of top posters, I'm wondering where my all time top poster here, Viveka, is as he hasn't posted here in a while now, I think. That guy has an brilliant brain and different level technical understanding too imho.

Generally, if the filtering on LSE allowed a filter all bar a,b,c etc, I 'd have you two and a few others and exclude the rest.. as most of the posting here is -putting it nicely - 'very uninspiring' imho.

This share price has been sitting in a boring/dead range - 25p to 30 odd p- for a few months prior to this latest update RNS underdog..hence why I've posted little or nothing in that time.. I've posted many many posts over recent years here and was posting on II BB for Mtph instead of here for years prior to that (I hold about 40 open positions at any one time and so generally focus on a given one only when it's 'in play'.. )

they're - latest best guesses only howezap, alas :-) .. but one thing i do as a rule is to buy by smallish increment over days or weeks towards giving myself more error margin bandwidth.. eg if adding 10k back here I'd buy in clips of 1k and at spaced out time price intervals.. (and I'm comfortable to look to catch what I believe to be short term 'falling knifes' as a rule)

Serious underdog ?
What does the title on the pie chart you're looking at say? I actually feel I need to cut and paste to help:
''Share Chat Post Distribution over the last 30 days''

You're welcome Sp28.

I've been in this share for many many years now.. all the longterm holders posting here can confirm that .. and living thru the horrible Woodford generation times here though me a lot about the AIM game .. and I had to turn to range trading to get out of a car crash here.. and that style has gone very well for me here, fortunately... hence i post my short term trading views here as below.. but if they annoy you there's always a filter button etc..

It would be irresponsible to sort funding out for 2022 in q4 itself imho.. so I'm guessing it'll bedone in q3.. and the history here shows they try and sort out next funding a fair few months ahead of cash running out ( most of the time.. but not always from scary memory).. maybe they can get a loan from somewhere or other this time round.. although thats unlikely in my mind and so i'm thinking an equity issuance in next 2 months or so..

pyo88 has been with this board for a lot longer than many others, in fairness.. and he enjoys the fun of the regular bearish calls here, no doubt.. alas, many of those calls have been right over the years.. and under 3p would be a bit of a shocker to me.. and I'm going to go as far as saying I'm semi confident that won't happen.. eg my latest guess is not under 3.25p.. but I did say not under 3.7p a few days before that.. so wtfdik.. apart from you can predict very little indeed with a high degree of certainty in the AIM game ( although one statement i'm confident is true a lot more often than not is that, on AIM, the uber bulls are by far the most dangerous for a mans financial well being :-))

I'm guessing placement ahoy sometime in next two months and so have taken smallish profits in selling down punchily across recent rally to just a few grand left in play here.. with the hope of buying back in 20's p soon enough.. I could well be wrong of course .. and hopefully for the big longs here I'm very wrong .. as ever, much chance involved.. and i'll alway keep a holding here as i think it has a chance of going ballistic at some stage in the future .. (and if I have to add back higher on genuinely big news then so be it )

If hes delivers well to the bottom line for a change this s/p will no doubt go up from here ... I expect his recent RNS words count for so little as there's so little trust in him left .. and it has been gas coming on in H1 too, which is not nearly as big as oil ashuge loss a bottom line contributor.. and he feels obnoxious enough for to perhaps be plenty in the institional world willing hin on to continued failure.. eg the Institution clearing out here in the 1's p at a huge loss that was a in his mind no more than a tiny pimple on his neck type thing, or whatever words he used along those lines ... This has unfortunately been a very bottom line poorly perfoming business for a long time - with endless placing used to try to cover that up - but altogether there's a good opportunity to change that around now.. he's got to show that in black and white though because there is no goodwill at all left ...