Member Info for NicetoMichu

25p here is nothing versus the cash - including FID £25m hopefuly in 2021 - and general asset potential here and so this is a strong buy and hold for me in single figures and even into teens.

(ten years ago this was very approx 400p don't forget.. and this is far from one that has been diluted ad infinitum..granted the shale revolutuion has meullered fair value levels in the sector, but still even 40p + should be easily doable here within 2 years )

Must admit I've been selling down fairly chunky tranches of my holdings in recent days.. my average was relatively low and a - strong - profit is a profit as they say.

Will keep along the lines of 30 to 40 per cent of my peak holding as a medium term bet here though.. as I really like Colin Harrington and where this company is now at. Obviously we need far more colour on this exploration drill and exact plans and funding going forward.

While, in principle, I'd much prefer much more oil over gas... if very large volumes of gas then thats good too..and could still be lots of both, hopefully .. whatever, altogether, the MC remains fairly low here versus the potential imho.

I'll likely post less here going forward as lower priority for me now ( unless I add some/plenty back going forward, of course.. which is of course possible .. )

Thanks HS

GO BOW !!!!

If anyone knows his 'ard Rock Mr Colin Bird does, surely?
(even to the extent of de 'ard rock givin' de 'ard rock?)

I now get that you are referring to that holdings RNS from yesterday evening Christoski.. thanks.. and nice to see that adding

( I - mis - interpreted your message as HSBC were a covering broker that sent out a latest coverage note that was positive.. wishful thinking on my part ..etc.. )

Huddleston ?
( ouch recently and fairly surprising the extent of this fall so far.. thankfully I haven't added any to my positon in Jan so far.. would top up a bit sub 30 p though.. but fine by me if its doesn't go that low as I have a chunky enough bet here already that has gone down enough recently already thanks.. )

can you paste a link to or the text from that HSBC note please Christoski?

I notice this is all of a sudden around 6p to buy ... I guess off the back of this HSBC commentary?

The quoted spread here is more outrageous again right now though (4.8-6 as i type) ... athough prices offered are much tighter than quoted spread as i type.. why they keep with this huge spread confuses me somewhat ( see my comment on this yesterday also )

Not my place to say whether you're green in investing or not.. i've no idea.. it was more along the lines of I hope this doesn't take approx 30 years to get to 56 p :-)

(Aside: All that goes with 'It's Nigeria' has been and will remain a very big factor in determining this s/p performance imho)

Thanks happysparrow and I'm hoping you're not currently in your 20's Tier ?

The support level around 14 p has clearly been broken through Tier, alas...and so technical guys will see a shorting opportunity ... like him or loathe him, that sling guy likely made a good call/bet recently....fair play
(I don't short but every man to his own style is my view on investing / trading /betting generally.. and no idea where TA guys see the next support level btw...as I don't do technical trading)

On a share price performance versus fundamentals basis, this share has been extremely tricky for a long time now and that die is somewhat cast at this stage.. but meaningful new customer contract/S could change that dynamic meaningfully of course.. and other things could plenty too eg debt refinincing, debt pay down, dividend, etc..
(Aside: The fact 'it's Nigeria' seems a drag on such a share price as a rule)

I still see this as a - very even - strong medium term buy and hold .. but not to the extents of 100 + pence in 2 years time type thing.. 60p ish by 2023 ish for eg would be a very good achievement here imho.. and that would take pleny of ducks to come in line thru the 21/22 /23 journey imho

For those who have been involved here for a while , they'll be used a few punchy pullbacks that have intermittently occurred all through the rise journey so far here.. in per cent terms this is along those lines ... so hopefully just the way of things and it turn back up soon..

I was hoping that enough volume would, from this week on, start going through to make MM's more confortable with an ongoingly much tighter spread here.. volume has picked up a bit but spread has, beyond very occassionaly, not narrowed from the large/huge. alas ..so MM's still needing to see more volume more regularly perhaps..especially buying volume.

Also I'm surprised - amazed even - that there is still some selling here in the 4.5 p area.. but every one to their own decisions/views, of course

Look at the cash balance and assets with licences now seemingly nailed on to be renewed.. and in the £15 -£20m area market cap seems EXTREMELY low to me..... but the market decides the price and it is what it is, for now.. and i'm happy to see this as at least a mdium term bet and expect patience will be well/very well rewarded here.

All IMHO and DYOR

''The stock market is a device for transferring money from the impatient to the patient.''

(And no it wasn't the one and only Mr Colin Bird who said that )

was engineered down late yesterday and this morning to allow Jepclampit average down hard from his very high average perhaps :-)

Starting to move up a bit again now.. maybe/hopefully

Thanks for the article Happysparrow.. and great if not a typo !!

I too am surprised that this is not higher now ..6p + for eg. but the market has other ideas, at this moment at least.. also the very wide spread that kicks in too readily here is not helping at all..

Still think this is a strong buy anywhere even remotely close to these 5 to 6p ish levels.. ( and meaningfully put my money where was mouth is yesterday )

IMHO and DYOR

I feel PoO over $50 sees sentiment change from bad for this sector to reasonable .. and the O&G - large- portion of my portfolio has thankfully been pushing on up strongly in recent months off the back of this.. given this, I've decided to further increase my risk appetite from very high to extremely high .. and so I continue to add incementally decently to my legacy zenith - way under water dog - holding.. lots of potential going forward from here clearly now.. so here's very much hoping even a decent portion of that potential is realised.

TA on AIM stocks in particular seems very hit and miss, seemingly?

That's not to say this won't retreat somewhat from 14p in the short term .. it could of course.. .or it might not. as there has been some support around this level recently....

News on a meaningful new customer win here could drop anytime and this could rally strongly off the back, for eg ( although this week is - very - unlikely granted as they would have waited and included in this update I expect)

Thanks dodgepot.. middle aisle fine by me.. if I buy back in..

I'm generally in high to very high risk commodity stock plays FK1 - click on my handle to see what names i've postd on in last month for eg.. but my PF has at very least 25 names at any one time- and many of those have fortunately gone up a lot -even an awful lot - recently so best I don't tip any specifically at this time.. not least in case some or all fall/crash back soon.. which given some of the rises in the last two months is of course very possible :-) )

I got out of this entirely last week and as I guess written permission might now be forthcoming to allow me post without a holding here best l just bid all core poster here all the best!

As ever, anything can happen.... eg one top new business RNS and this be 3p or none and it be .75p.. So all I got to leave you with is:

This share price might go up, or might go down or might even stay the same... and maybe I get back in at some point or maybe I don't ..

3p is a nice number but not a big number..(vis a vis market cap vrs potential) nonetheless, it's pleasing to see this warming up nicely now..

Why would Eli Chahin CEO of Bowleven say the following in this morning RNS then Jedclampit ?

''This is very positive news for the Etinde development, as it essentially eliminates the possibility of the Government of Cameroon removing the Etinde licence from the JV partners, following the end of the initial six year development implementation period in January 2021.''

I'd go as far as saying a 'deramping' orientation to those two posts of yours imho :-)