Member Info for NicetoMichu

that was my not hotheaded Tier :-)
this is a good board imo too..
a broad church makes for the best boards …
and everyone is entitled to an opinion..

I've been in an awful lot of AIM Oilers over the last 5 years Zengas and have had that much of such attempted bullying from the likes of you across these bulletin boards for years now that I'm thoroughly bored by it all at this stage; and I write it off as a natural reaction based on fear and arrogance.

Effectivelly all those uber bulls have been extraordinarily wrong for years now.. and it will take one hell of a macro come back in O&G as a sector for most of them to get to even half of their uber bullish original predictions. But, as I'm still far too long AIM O&G I very much hope that you and they get to that even half way to right in the end.

Those blue chip fund managers you refer to have been wrong again and again and again in their stock picks in this sector in that timeframe ..a geographically close eg and a classic is Lekoil ...a long list of the bluest of blue FM's - plenty of who are in here too - with averages at many many many multiples of current sp early on and all seeing this one as 'fundamnetally' a great company in the making.... (I can list you 5 others Oilers with similar top FM's owning large chunks that remain a way way down too... indeed often more so than they currently are in SAVP.)

PS: The next time you tell me to shut up posting my opinion on uber bulls in such cuircumstances as this I'll be less nice in my response

there are 20 times less shares in existence now and the price is 20 higher and the market cap is the same as it was before the consolidation (accepting price fluctuation in live market this afternoon and going forward)

''Well MICHU they'd need to effectively get it >750p just to get you back to where you were this morning correct? ''

you've completely lost me on that George ?

I was at 2.15 p approx. this morning and so 20 times that is 43p .. so 43 p approx. gets me back to where I was this morning ?? (And as I type we're a small bit off that to sell?)

I guess it's Bond holders still selling their remaining - clearly very much unwanted - shares down still that's to blame here.. and always a chance there are some forced/panic PI sellers on top too...

A real shame, but hopefully patience pays off here in the end.

Even this getting back to around 25p at some point in 2020 would be a good outcome this year now imho

(and those 100p + shouts seem so so so so so far away at this time.. and reminds me, for the umpteenth time, that it's the uber bulls that are by far the most dangerous to your wealth on AIM, and especially in O&G sector on AIM)

''That values of our holdings are basically nothing.''

I defo. wouldn't go that far George.

And you appear to be a creature of extremes: hard bullish for ages and now hard bearish.. the outcome is usually somewhere in between those too extremes, I find.

Even if the next raise is in the 30's p I expect a spike or three on good news in future due course.. and if they can get drugs/technologies to market in 2021/2022 then decently into three figures - new money - doable in the future here....maybe/hopefully .. and if very good interim news then the spike won't be sold down to pre spike levels either, I guess.

https://www.collinsdictionary.com/dictionary/english/****ed-off

I still have my 120,000 shares on Barclays Stockbrokers at 40 odd p sell .. but alas the sell button is disabled there..

for 1 minute I allow myself imagine ..... :-)

no doubt it'll be 6000 when the sell button is re-enabled... and the misery will continue..

if this goes past .85p then I feel a properly meaningful breakout could be upon us.. past 1p and well beyond type thing..
so not getting excited here .. yet.. but here's hoping..

strong RNS indeed and well done PPC on successful project delivery

but as I type, 1 hour into market open, this s/p is back to flat on the day.. shocking.. not least as the gas price they achieve is at local rates which have not been effected by wider corona virus related global price falls

ps: I did a small top up this morning towards doing my bit.. I hope all here top up towards trying to get some momentum going in this s/p.

My overall reaction so far: Sad.

I added a bit back today too.. but must admit to selling close to a third of my holding in semi panic in the 8'sp last week.

As, through active trading and luck, I'm still somehow overall up in my involvement in this share - some of that from selling much higher at a profit in better times grated - I actually have a soft spot for Trin.. one of the few left with such perhaps...hence while I'm trying hard to incrementally bring down my AIM oiler exposure I keep coming back to this. That said, while very decent fundamentals, this is seemingly a very uninspiring share generally though so be careful.. and I have lowish sell down targets here too..eg 11p -as my average is now under 10p - and in this environment even that will be hard achieved, I expect/guess

Sad all round, suffering staff especially and including for us remaining - mug ?- shareholders too. I didn't sell any today and have somewhat written off my total bet here in my mind now. But a few twists and turns to come here yet I guess and hopefully for all concerned it's not going to be a case of all over soon ( my instinct is that it isn't /won't be all over but I may just be kidding myself.. or maybe not ! )

The Impact of this coronavirus market scare seems likely to sadly, as we might have guessed, be very harsh on mtph share price. Indeed I'd offer that it would be hard for timing of this to be worse for mtph.

If for eg they do a raise anywhere around 1.5p to 2p range in coming few months it'll have - further- awful medium/longterm consequences for future s/p levels attainable here imho.

Very hopefully the key Chinese II money here gets that a raise around or even closer to the last levels -4p ish - is in the medium term /long term interest of their overall holding here. If they want such a level next raise then other II participants will follow, I believe. If they go the other - race to bottom - route and say punchily low versus market price around that time and including very lowly priced warrants too then the medium/long term consequences are going to be very profoundly bad for almost every PI with money in here currently imho.

I'm well into that acceptance stage btw.. and here's very much hoping.. anything is possible of course.. and a total buy out now even in the 5p -10p range could, sadly, be the best outcome attainable for existing shareholders now imho.

indeed 4k:-)
I'm surprised this has come off punchily in last couple of days.. one of those continually 'tricky in a variety of different ways stocks' perhaps.. so best I get a feel for this stock for a while before I add more now, I think.. that said I'd feel compelled add another tranche in mid 50's if it goes back there as I'm 'confident' that's very low.

unless/until stand out good news is announced we're in the same boat as all other AIM oilers and indeed AIM stocks generally: in a liquidity sense AIM is clearly a dying market.. and, when all is said and done, liquidity is the essence of share investing/trading. (imho)

When main markets sell off, AIM stocks, once again and as seemingly ever in recent years, go down considerably more quickly than those main markets; for that crucial lack of liquidity reason ( no buyers and forced sellers one way or other.. margin call stop outs, run for safety of cash by choice or necessity etc. ) And whenever in the future there is a major stock market correction - eg 20% + down in US markets.. I guess/hope that's not this corona virus time btw - AIM shares, on average, will get obliterated whatever lowly level they may or may not already be at immediately ahead of such a correction (imho)

Having not bothered at 14.5p ..I've started SMALL topping up again here just now at 13.5p ish .. and will likely continue from here every 1.5p down from 13.5p..if it continues on down and I hope it doesn't, obviously.

Generally, as I expect meaningful resistance to kick in at least around 11 /12p area, I'd be surprised if this s/p goes into single figures.. very surprised even... but not shocked... and if it does go into 9's p I'll add one chunky buy of 20/25% of my position towards panic meaningful averaging down.

with POG anywhere around these levels, something JV or outright sale wise very much needs to happen here in coming months.. else this s/p will further capitulate imho.. eg including another raise and still no hint of a deal, .5p on the cards by summer here imho..

Alternatively, ANY sort of deal could see this bag/multi bag.

Generally, my guess is any deal will be at a very favourable price to the counterparty - LND forced sellers to a decent extent whatever in my mind - but still see a half to fully decent hike in s/p here too of the back. ie those with a 'low' average - sub 1.5p for eg - would do ok to well here from a deal .... the rest will be less poor from the horrible journey, only.

indeed markdods.. I read that as the CEO saying as much..

Again, altogether a strong update imho and I'm surprised the market has taken this s/p down off the back when, in my mind at least, the update merited s/p appreciation, not least from these seemingly extraordinarily low levels the s/p is currently at

DYOR as ever of course

indeed Porschefund… and disgruntled PI selling in illiquid situations can indeed have a big impact .. so it of course might be PI driven to some - or even large -extent..... and therefore Olderandwisers comeback of share repurchase program might be a useful cover all bases one. But very early in this 'new' companies life to be starting a share repurchase program - or indeed dividends either - perhaps need to get at least a years worth of strong audited results - especially FCF - out there first, I suggest.

Will a lot of clothes retailers not be looking to diversify their supply chains away from mainland China somewhat at least now/going forward? And is that not a big opportunity for Bagir?

eg From BBC business today :

''Primark owner Associated British Foods says there is a risk of supply shortages on some lines later in the financial year if delays in factory production in China are prolonged due to coronavirus.
AB Foods sources a range of product from China and says it is well stocked in the short-term.
"We are assessing mitigating strategies, including a step-up in production from existing suppliers in other regions," it said.
The group also owns major sugar, grocery, ingredients and agriculture arms. Several of its food businesses have operations in China.''

Surely the hard bit is getting back in profit in the first place Bluebelly :-)

PS: Why didn't they further co-ordinate existing - and even new too - II's to mop up more/remaining bondholders shares in late to mid teens p ? Much less left out there now than to begin with and now huge bang for buck in terms of averaging down high averages for relatively little outlay for existing II's.. if prepared to undertake such an exercise in early 20's or late teens p previously to clear a good chunk down, why not one more concerted effort to clear the rest down, not least as altogether for a considerably smaller outlay this time round?