Member Info for NicetoMichu

you're all welcome, seemingly ..

..although, not to tempt faith, I should wait til late 60's - hopefully - to say this..... towards being more clear that a break out is actually happening here.

IF this is a breakout, I'd stick my neck out and go higher than jolly speculators shout, and offer 100p target here - instead of 80p - by end q1 2021. (that may be a bit of a stretch granted and so 90p's would see me start sell down by increment ..but all the afore may of course just be wishful thinking by me.. so DYOR and this remains a volatile/tricky share imho )

A two sofa scenario may not stand up to scrutiny full I'd offer sailplane.... as in finding £6.58p down the back of one while cleaning and £6.76p down the back of another.. as this would likely one trade only for £7.34p only.. BUT ...how far apart were those traders ? as they may have cleaned down the back of one sofa and then checked in on their p/f and bought then went back to cleaning and lucked out down the back of the second sofa also.. and only went and bought again !

I'm a bity surprised by that post A Parky.

Not least as you very recently posted ''3-4p by Christmas might be achievable with good news from the new well''.. and while not exceptional, this is at least a pretty good outcome, and with likely more to come from the well and indeed field in 2021.. Also, as others here point out that more good news RNS's can come in the short term too.

But I do accept the selling pressure is potentially still a concern.. but a good case can be made for only relatively small size - my eg 500k gbp, maybe - II selling still to come to clear all current II's who want out asap, hopefully

2p now seems very unlikely today.. indeed 1.8p today ditto alas.. I say this as I just did a small top up buy at 1.60p.. so there is selling pressure here still.. I'm hoping it's rump holdings from an II or two per my previous guess.. eg no more than 500k gbp worth of shares would be fairly readily manageable to clear down, but that would need to be ongoing decent buying to clear these in Nov still, perhaps.. but, disappointing that there has not been more buying so far today btw.. as this is a good short, medium and long-term news RNS I'd offer.

This has got to be the worst BB of the lot. And I say that having posted on way north of 100 in my time here.

It's hard to reach such a level of spitefulness, in fairness.. ..so an achievement in itself, i'd offer and definitely entertaining to boot.

Roll on a big rally here. And if not, and perhaps more likely, roll on more awfulness and misery..

PS: NoelS, you're the most special poster here imho

from acorns grow Oak trees FK1. and Mr Dribbles is hoping for the biggest oaktree ever, one that reaches the moon even so he can climb it to there, as the kitty for the moon shuttle ticket is extraordinarily empty

The news due is that the orchestrated twitter campaign to pump this share price is actually gaining momentum/traction FK 1 !

seeing this holding north of 60p for a bit is refreshing.. hopefully the beginning of a meaningful break out.. I had sold down 25% of my bet here in Oct. - general p/f management related in case of a fall in US in Nov and not to do with anything micro SFR - which is generally soon followed by a rally.. so here's hoping .. and if yes, you're all welcome.

Much appreciated on some good posting here bigspike and interesting to have you on board here.

On paper this is a compelling bet, we just need it to become so on grass now ( and hopefully a better chance of that than Spurs stopping being Spursy )

PS: I'm hoping 2021 more than 2020 is the year of gas in Nigeria and indeed the 2020's the decade of gas more than both the afore :-)

go on then, I've just had a little tickle too.. what's another approx 700 gbp after all..not particularly sure why i did it but it does bring my average price down meaningfully at least.. and expect there will be a small rally at some stage.. hopefully from .80p rather than .60p granted.. and there's always a chance some meaningfully good news drops at any time - soon -and this motors..

many permutations are possible here of course.. but, of all posts on this specific subject trail I like dashbigs explanation post just now the most (by far)

good post itsriskythat

(Save.l came to market in mid 2014 ish - I believe - and if you look at the two shares charts for those 7 years they're actually pretty similar too.. so hopefully indeed our fortunes will pick up broadly in line with theirs !! )

It is very unlikely that a market maker would take a position on their own books to anything remotely like that size without a guaranteed buyer already found/agreed ?

There are all sorts of reasons for slowness in TR1's as we see a lot here and elsewhere in same sector names. So my guess is that IFC have now sold out close to completely or actually completely, and most all of that to another II.

JBER could easily be working sales for rump holding II' s who are nearly out and want fully out on an orderly fashion eg Norges, IFC etc

Only looking in here now for first time in a while... this is not a priority stock in my p/f at this time.. but as I've said in Oct. I'd add a small bit, by bit - up to 350p max - if she continues to rise .. and altogether this might hopefully become a meaningful part of my p/f during 2021.

nosirender..everyone is entitled to their opinion, so me being t+t of the day in your mind is no worries to me.. and you could of course easily turn out to be correct in that.

I've have been here for many years and it has mostly been a p+ss poor show no doubt. But commodities are very cyclical and I have said for a while now that 2021 is the year that has a decent chance of a lot of ducks coming in line here.. and if the ducks do then 500p is doable here in my mind.. they may not of course and wishful thinking in stocks like this is a huge danger, granted.. but anything is possible.. and given cyclicality and previous market capitalisations achieved here my 500p for early ish 2021 guess is a long way from outrageous, in my mind at least.

Thanks Zengas. A clear statement of intent, seemingly. And the market may like any deal they end up doing from here, and like it a lot too even... hopefully.

(towards balance though, if you apply the same logic as I've offered on my last post, the market waiting to see 'a period' of ongoing banking of full/near full monies from billed services to new clients from any next strategic deal, could still see the share price stay low for some time forward, even if the deal seems compelling on paper )

It's still mostly about what short term Institutional selling has still to come or - hopefully - not to come here imho.

If it's only small size like Norges and any other rump holding that a n other II may still want to offload asap, we could be very close to a good re- rate here.. eg good news later this month could see enough buying to easily mop say for eg 200k's gbp worth of II over hang still to clear here.

Obviously, if another big II holder wants out in the short term too then it would be an ongoing mess here for plenty of time to come. I too was in Amerisur and Michinoko did indeed undermine that s/p thru selling down at already low s/p levels.. but PL didn't mention them as a potential issue when he mentioned IFC selling out in that recent update..so they hadn't being making any noise about potentially selling down up to recently i'd guess.. and why start now when good co-vid vaccine(s) is/are on the near horizon and oil price is rallying off the back etc.

(Michinoko's holding was considerably bigger than IFC's .... so PL would closely follow their intentions.. so I'm going with them staying on board, especially as this s/p is very low now.. and as their Amerisur experience will have shown them, there are better ways of playing this game than selling down anywhere even broadly around the s/p bottom....Which reminds me , how bad have II's been at playing small cap oilers generally over recent years..to the extent of there being a case of doing the opposite to what they do being a valid Pi's strategy consideration, along side other considerations of course.. as II(s) selling does tank s/p's for a good while, so timing is huge in this game )

maybe yesterdays seller did so towards putting the deposit down on a Trip to the Moon.. Virgin Galactic or such like not cheap! That and making up previously accrued losses for long termers here and I'm thinking a 100 bagger from here may altogether be required ?!

To me a key issue here remains save.l seemingly having to show the market for quite a while - eg more than a year - that they are continually able to bank full/near full money for the supplies they bill. They've done well in this regard so far, thankfully. But in co-vid times and in Nigeria generally and in particular a still 'tricky' National Grid jigsaw puzzle, patience is required by shareholders for longer than they might generally expect, alas.

Along those same lines, any new client save.l chose to sign up, may well, in whatever way, have to be easily categorizable as having high grade credit worthiness, and hence why it's advisable that they be - very ? - selective in signing deal(s) with 'the right' new client(s), especially around this time, I'd offer.

Calm down.. calm dodgepot lad :-)
I'm from Dublin originally but have lived in London for 25 ish years.. but have supported pool from kid years ( 'our kid' grows up to be 'our kidder' )
Yourself?

Mo and/or Sadio and/or Diogo would score whatever FK1. Walk on !!
So i'll take that as an 'agreed' then :-)