Member Info for NicetoMichu

Things looking good generally here now.. Just need the one and only Mr Colin Bird to deliver in a timely fashion to plan throughout 2021, starting with some good news in early Jan !
His track record speaks for itself.

Is that you buying this morning BobShempsky :-)

(I'm still - so far :-) - altogether only down 2 to 3k gbp from my overall involvement here .. which, is my mind anyway, is a minor miracle.. range trading tranches has saved a far bigger mess.. and hopefully at least more range trading opportunities to come here .. and always a chance of a moon shot too.. but you've got to be in it to win it.. you know it makes sense Rodney! )

Seems this is at last starting to wake up now, thankfully.

If so, it's only one eye a smidgeon ajar so far.. so full waking in early process .. and then a gentle morning jog.. and then a high energy breakfast.. and then a full throttle day to come .. hopefully..

Happy NY all

In spite of my good intentions, as this is again going up today, I'm looking in here again today.. and see it's as farcical a board as ever.. that said, I have to award dodgepot the prize for best mikey taker out of his opposition for the year 2020 !

Meanwhile, back at the fort, I thought this was nailed on to go down from .85p FK 1?

So I'm dounbly confused that my holding is effectively at beakeven as I type.. indeed I might risk a heart attack from surrpise if it goes into profit next.. What on earth FK1? Or should I say what on moon?

Well said CB.

I agree that there's no point having Colin Bird in person down pit with pit pony when he could instead be socialising in South Kensington, and amongst Zebra's even.

For me three words say it all for 2021 here:

Erics Sprotts HUGE

Interesting movement today.. and much needed.
Same again tomorrow and Thursday please !
ps : Are you one of those people buying BobShempsky?

sods law i sold most of my holding down previously - in 9's pence - and am now very shy these in my p/f.. Started to add back now but will not get to a decent position again here I feel.. still, good to see this motor on for the long suffering here.. a very solid company indeed .. and with large potential going forward too ..imho

A wide spread doesn’t help here .. but with this news and Italy news in the pipeline for earlyish new year people will hopefully soon enough realise that this is ridiculously undervalued and buy in ASAP
Eg This s/p would be too low still if it bagged from here imho

A nice Christmas present . The shsre price should start to wake up now .

well, well.. how smart are you finding that Jdau !!!

If this ever gets to 10p how about drinks on CE at Blakes ? :-) Although, given the numbers likely to come and including some being northerners - including Mr CB himself perhaps ?- The Duke of Clarence 'pub' - nowadays more a henry and henrietta bar granted - around the corner from Blakes may work - much - better.

Eh up Chufters !

You've much less chance of finding a Zebra in South Kensington than a carrot lying on its side in the 'ard rock, I tell thee.

oh well.. no delivery technologies JV news in December now I'd expect, alas.
roll on 2021 .. has got to be better a better year than 2020 for the World and mtph.. very hopefully.
(If this were to head back towards 20p I'd start topping up again.. hopefully it doesn't though )
Happy Christmas to all !

another good update today showing again that this company is cleary moving consistently and meaningfully forward now !

And strong 2020 exit production figures still to come too (early Jan fine by me for these.. when market is fully awake again )

Accepting markets will be pretty quiet in next ten days or so it may well be hard to achieve strong trading volume here until Jan... hindering quick clearing out of rump II sellers thru rest Dec.. hence we may well have to wait til early 2021 to get to 2p plus here .. but thats fine by me.

Cost guidance down by 25m and revenue guidance unchanged makes this a good update . Altogether, I’ll be pleased with 2020 performance here, especially the strong debt pay down. And I think this s/p is too low by a considerable margin

An oil price averaging $50 + in 2021 would be very helpful here for a good number of reasons imho, some of which are:

Strengthening the Nigerian governments balance sheet ( they pay plenty of our invoices and so that's good news for Save.l)

Strengthening the Niger assets development business case

Strengthens the appetite for money to flow back into this sector in sundry ways. eg Better debt interest rates more readily available AND II's and PI's hating this sector sector plenty less in 2021 and 2022 versus 2019 and 2020

Hinders AK's potential ambitions for further large acquisitions...as fewer 'cheap' assets available to buy.. Very good news in my mind as large acquisition would likely mean more debt and/or more dilutuion here imho, neither of which is good against a back drop of II's more and more buying into the view that debt /dilution is a bad thing in a slowly dying fossil fuel world:. As their investment views are often 5 or 10 years out, when the asset values in this sector could easily be 'low/lower'.. so DIVIDENDS - and share buybacks - and fast debt pay down towards higher Nett Asset Values are far more appealing than additional Debt/Dilution for large amounts more oil and gas asset acquisition - there is, after all, FAR more Oil and Gas in the ground/sea than may ever be needed as the World by increment moves greener and greener Aside: The Tobacco industry keeping its shares popular/strong via big dividends is a model that O&G needs to follow MUCH more ASAP imho)
PS: That's not to say that AK shouldn't prudently and incrementaly increase Gas Reserves in our Nigeria business towards meeting- incrementally growing - future demand, but, including good existing reserves,that can be done cheaply imho

Year end has still got a few business days in it .

And, generally, I'm actually reasonably confident we'll get an update by early Jan at latest..may well not have all the good news he'd like to have had but any good news is worth mentioning imho, especially at these - very? - low s/p levels.
(eg latest good invoice payment receipt news could easily be helpful to this s/p ... and there are sundry other things that have been mentioned here recently as news expected on, that even small/medium progress on is worthwhile updating on imho)

Apology appreciated FK1 btw.. Recriprocal apologies my end too..

(most of all apologies from me to my brain for wasting some of the few cells left reading through the volumes of bile/rubbish that was posted ad infinitum here by many -including me - yesterday.. 4 or 5 posts a day can even be entertaining glance in.. 70 is such a waste of time)

Happy Christmas all

I'm taking a break from this BB until the NY.. as yesterday displays of hatred was an all time low here imho.. and that's absolutely and categorically saying something.. I look in on partciipate in north of 50 BB's here and this one is the most hateful/worst by a long way.

(yesterdays one in a row funny post was something though NS.. and bad top up for me yesterday clearly.. so I'll just sit and watch for a good while now..)

If ppc keeps on this steady progessive track then it's share price will rise relatively soon and meaningfully so too I'd expect.

The output side seems now, finally, to be growing steadily/decently and cost efficiently..2021 plans in Jan just needs more of the same as 2020 very please.

(PL has erroded trust /confidence EXTRAORDINARILY here over a fair few years up to approx 6 months back imho.. so just leave the cowboy boots in the wardrobe for 2021 too please Mr Levine.. towards showing continued unwind of the arrogance you spent many many years growing into)