Member Info for NicetoMichu

great to see this on the up again now.... certainly turned quick from mid 4's ish p early today and has pushed on a lot in the bounce... I did get a couple of small top ups before 5 p back with us at least.... but would like to have added more in 4's p.. maybe 4p back with us soon again ?:-)

and this being a one trick pony is what it is...eg a fairly binary duck or no dinner type bet ...

The s/p was always going to take a hit off the back of that RNS and it has certainly been a punchy one so far.. a reasonable amount more than I expected in truth, so far.. and I've a mid sized bet here so it's fairly meaningful to me.. but I continue with my plan to sit on it and hope for the JV partners get to develop Etinde in the end.. but it's a high risk bet, clearly

Altogether, this JV partners taking it forward or it not getting taken forward at all will hopefully help the Cameroon government facilitate the creation of a win win deal in the end.

It's good to get Rocklawn and Docit providing some additional balance here imho.. accepting there are a few top quality posters here who are believers who do try hard to be balanced in fairness too.. and there are plenty of others here who are perhaps even bigger dreamers than AC himself...but anything can of course happen here.

I've taken 30% of my bet off now - at a bit over a third down to my average price - but hope to stay in with the rest for plenty of months at least.. and maybe longer too.

Generally, the combined market cap of Norway and London listing is very fair now for where this company is at imho.. but hopefully AC can get - more - deals over the line thru summer and this rallies off the back .. no doubt he's a dreamer, but you have to be in this game.. and doubly so in the Africa end of it... and this could of course go much higher on the right news.. but could retrace decently too if no meaningful news for months.. and markets sell off or poo goes back to low $50's ..etc.. )

another strong indication of the huge potential here.. and helps me further understand this share price is currently far too cheap (at 31p approx. )

All I can do is keep incrementally topping up and expect/hope the market wakes up to the true value here in due course.. even if it barely/somewhat does, the sell out price here would be by standard industry resource valuation methodoly and little about what the s/p is at any given time. (I'd now expect this to be sold sometime in 2023 at latest...and maybe decently to well before then)

This company is about to become multi facted with existing production.. and so not all eggs in a still somewhat risky paradox play..and clearly going to be a long term player with ongoing large growth potential.

So I've just transferred most of my remaining bet here form my Investment Account into my ISA and have started to build back up my position again too this morning.. and expect to be in this for a long while to come now too and for patience to be well rewarded from here.

Bushranger needs to be further proven up to the extent of II's being comfortable getting involved 'ere .. and the share price would rise sustainably significantly from 'ere then.

The recent share price actions tell me this has clearly not yet been proven up to the extent required by most all II's who would potentially be open to getting involved at an appropriate time in such a stock.

The exact stage II's might generally look to get involved is debatable and somewhat variable... eg different II's having different entry criteria.... but it only takes one or two to bite for a few million quid for this to motor on up towards 10p for eg(Including 'erd retail investors re- engaging too ) .. and those early one or two getting involved would make it more likely that others would soon follow and more PI's too .. and that's how 6p can become 16p ..and on again .. etc

well I've started topping up now.. small only towards having good powder dry towards buying punchily more in 4's p next week ?... Don't expect to get any in 3's anytime soon/ever in fairness though.. although anything can of course happen on AIM :-)

'ole 2 assay results next week and 'ole 6 completion next week too, I'd strongly expect. So CB would no doubt see both as very imminent.

(If assay results for 'ole two were not to come until after Easter, I'd be annoyed but now understand that only a daft apath would not constitute this as imminent still)

Ps: goes without saying I wouldn't want to be out of this over the weekend, bit I'll say it anyway.

I hear you on pharma DDB. I've been playing mtph.l for years along those lines.

And agree Webis is a special case.. but anything is possible on AIM.. so 3'sp again sometime fine by me :-)

I played Marchale Cap once a fair few years ago BarnetPete on one if it's previous pump and dumps and now that you mention it I'll at least look into it again ( haven't looked at at in recent years )

huge chance involved in this game Dumnlesdores.. and only time will tell.. I usually keep a core holding too as well as the trading tranche.... but unless this goes back to 3's I can't see me covering myself in glory in my playing webis, alas.. still, good luck to the rest of you, great to see people do well in this game

5.8 mid close is awfully impressive.. I now understand I may live to regret selling a third of my holding in the 4's and 5's p .. but too early to say for sure yet.. i'll just keep selling in small tranches now though and hope I get to buy back 'lower' at some point.. but I do understand how this could go to 10p smartly too, in fairness..

Markets having a tricky day and Brent off a bit again too.. that's not helping.. and if someone tries to offload too much too quickly MM bring down the price punchily as a rule.. any more colourful possibilities, beyond that, I have no idea about..

Wow.

Liquidity tiny when there's a keen price - fairly - insensitive buyer(s) about is great though.

I've not expected this to go this high this quickly and so may well be playing it badly here.. just selling by small increment into this ongoing rise now.. and hoping to add back in 3's p even in due course.

A, in due course, buyout of this company could be for big numbers and so 10p not to mind 5p might be an acceptable entry level here for some.. and still hope to do very well in the end off the back of that too.

Well put Dibs ! So the bar to sell this asset for a good price is perhaps as low as it ever has been. Great !

Even with that, the Bushranger asset needs to be further proven up and so it's understandable to me that the market might be cautious still. But, including Africa assets there is a clear argument in my mind that the market is being extremely cautious 'ere instead of just cautious.

(Africa: The Manica assets monetisation has been very slow as a rule for years now and that while that seems to be changing somewhat this year it'll still likely be somewhat slower than expetced...so while that asset may well hopefully be worth 5p on it's own later this year, again the market is simply valuing it at a lot less than that for now and saying show me the money first.. kinda understandable to me. Eureka, I feel, is still being overlooked by the market, which disappoints to me. )

Generally, the first bush 'ole results were solid more than strong imho.. so the share price taking a breath towards waiting and seeing what's next is not surprising to me. And next news just needs to be solid again too to get some upward s/p momentum again I'd hope... and solid towards strong would deliver strong s/p momentum, hopefully)

And justifies adding in spite of non cash write downs in results imho .. also cash burn much better now than then ..
So I just topped up ! And May top up again later this morning

Even very bright , hopefully !

And I stand fully by my previous s/p prediction here (500p plus sometime in q2)

If and when that target is hit I'll offer a further target for end 2021.. and it may hopefully even be somewhere in the 700's p

Generally, this year and next year could be what we've yearned for through the many let down years past: large volumes of high grade material sold into an increasingly undersupplied market. Kenmare too could find itself in a very sweet spot in the plenty talked about commodity super cycle that may now be early upon us .. and this share price could even go a lot larger in the next 18 months than plenty here might dare dream of.. but of course it easily may not either :-)

IMHO / DYOR and place your bets only as you see fit

on reflection, a correction on my earlier post: a very significant majority of the recent fall in s/p here I'd attribute to the PoO&G decline..( while one upside of such a decline continuing might be assets for sale may be available at a better price, I'd, by a considerable margin, rather the PoO&G starts back up again asap and save.l doesn't make an Africa Oil production assets acquisition )

I'd go with a bit of both O&W.

Any asset purchase deal that they might do would of course be judged on its own merits and so a waste of time speculating now on s/p outcome off the back until details of any such deal were available to analyse, if such a deal was even to occur in the first place.... and the s/p can of course go down instead as up both in anticipation of and/or off the back of any such deal deal.

And, again, conceptually I'm for no additional Africa oil asset purchase(s).... but respect it's entirely AK's perogative to make whatever calls whenever.. and would add that if in partnership with a big boy like Vittol I'd be more comfortable than us doing any such deal on our own ot with a small size partner.

(Aside: There is already a clear roadmap visble in my mind from existing asset base towards getting debt further meaningfully down in 21 and 22 and still kicking off a dividend and or share buyback programme in 2022.. If it ain't broke don't fix it does come to my mind )

II money might well now be the key driver towards getting this s/p to 10p plus.... and it's a question of when there's enough info. available to allow that type of money be comfortable coming on board from here. Next 'ole's assays will one by one help no doubt.. and latest drilling updates too.. and/or it may be the geo models at the end of this phase of drilling may still be required on top too.. a good thing is that there are plenty of news points in coming weeks where someone(s) deep pocketed could potentially bite... and even a couple of million quid II type buying on the open market would be big 'ere now... including the double whammy of also bringing back 'erd retail/FOMO players on top too...

To Iceberg :
Yor contributions here are brillant and hugely appreciated

To FatherTedFeck:
Down with that sort of thing