Member Info for NicetoMichu

I did indeed used post on II Mick but moved over to LSE a few years back and only post here now. NIce to cross paths again and if you're even close to $2000 POG this year then much upside still to come here I expect. ( make up for FRR and indeed other oilers I still widely hold which are getting hammered.. indeed, to a meaningful extent, there seems an inverse relationship between POG and PoO&G.. so some sort of stock picking hedging potential there maybe)

I also topped up here this morning but don't have as much in this as I was planning and I'm still reticent about paying higher than late 70's p here.. so one more top up for me in mid late 70's if/when it goes there and that may be it..pity I didn't buy more last week, especially in the early 60's when I nearly did... but I didn't expect the coronavirus to spread this widely/significantly in truth.. (the mortality rates remain low from it though, at least.. and it won't stay alive in the air for as long as spring warmth comes.. so I hope it will be not cause widespread human and economic destruction.. and then PoG might easily fall back somewhat. )

10% more shares now in existence so Link in keeping the same number of shares will have a lower proportion of the total now in issue ? All other existing - declarable and non declarable- holdings similar.. may be small off loading or adding in parallel in some cases too...

''They consolidate the AIM shares, change the ADR ratio and raise enough money from informed and enthusiastic IIs at a premium to the present SP. Then they release a sustained blast of ‘escape velocity’ news to overcome the ‘gravitational hold’ of the traders and the SP rises on a continuous upward trajectory. Is this feasible or just pie in the sky? ''

Indeed it is possible Viveka.. and that's what I'm very much hoping too.. but continuous upward trajectory still unlikely though.. spikes and retraces but overall upward would be fine.. (nothing goes in continuous one way trajectory generally, not even mtph in a downward trajectory.. although it's has made very good attempt at that in fairness :-))

Very excellent post on Thursday night crl123 and, on reflection, I've likely underestimated the effect PI's have in a very illiquid AIM sector.

Fine posting, as ever, stockable.

I'm with many of the rest of you in finding this uninspiring and with my average now at 10.5 p I'm open to selling up a decent proportion of my holding at any sort of profit here.

Two things that tempts me to stay involved here, somewhat at least, though is that they have cash to play with in a Sector/region where assets can be picked up very cheaply generally now.... or they could easily be a merger/takeover target because of their very strong balance sheet and profitable producing assets etc..

ps I have my fair share of mare holdings too btw.. eg SAVP and Bagr are a particular mare for me right now..

AIM is a cesspit imho.. and for hard core gamblers only ...which I see myself absolutely as

I was indeed Mick.. but got very lucky .. as had banked 20k plus profit altogether - low average and taking profits as I went- and only have 2.5k gbp left in when it was delisted.. feel sorry for many there .. but the game may not be over yet there, hopefully (I'm barely/not following the twists and turns in truth and have just assumed my 2.5k is dead ) I hope you weren't meaningfully exposed there when suspended/delisted

maybe you're right Freddie... but, as ever, much chance involved.. and in those miserable times an awful lot of new shares were issued and the s/p went as low as the 5-6p range .. my average hold price was very low there off the back of that.. so 7p to 20p for eg is the context of shares in issue is very good going already imho..

he can have wass's at 1p .. or maybe even a bit more than a smidgeon less than that .. :-)

Great to be on board here.. I'm liking this share more and more and have been buying in by small increment over last few days.. I've had a fine run on POG.L and have incrementally sold out most of that position now and in looking for replacement goldie in my P/F I've settled on this one.

lots of room for upside here imho.. and having started buying in 50's I'm a continued buyer deep into 70's p, at least..

Good luck to all fellow holders here !

typo in my previous and apols .. next clip of 10k not 100k.. I'd be nearly doubling my position with 100k clip added.. now that would be 'brave' .....or, alternatively : yikes.. it's bad enough already.. and I'll go for the alternatively here as it happens :-(

you've got to trust the CEO has factored in all the variables in his decision to sue.. I believe in the guy and as I said earlier I believe this was, overall, a strong RNS, not least in terms of Bagir looking to ensure it, in the round, gets its legal entitlements.

even including my journey on AIM O&G so far turning me to cynical cubed I still find myself very shocked at the s/p performance here in 2020 so far.. it has been truly awful..

that said, fool that I may be I'll add the next clip - of 100k- shares at 14.5 p if goes there... and the next clip at 13.5p if it goes there.. etc...

whatever about the legal costing nothing, it'll cost little at worst - the poster suggesting millions is miles of for eg imhof -and I agree that SR could easily settle for a decent number and quickly .. It may even - intentionally - be a play to focus their minds into getting them to end up just completing on a deal with Bagr in some shape or form...eg revised terms that's still a nice win from Bagir.. so, perversely, an SR deal of some shape or form from here may be more likely today than it was yesterday, imho.

The derampers are out in force here this morning.. their prerogative of course.. but I clearly see this as a strongly progressive RNS in the round and put my money where my mouth is and added here and, altogether, I'm decently more confident in this share today than I was yesterday.... just my opinion of course and DYOR

''Looking ahead, the Company is finalising a plan to establish a new production line in Ethiopia to manufacture suit jackets which requires an additional investment of approximately $0.5m. The new line will be capable of producing 250 suit jackets per day.''

This can be funded in multiple ways.. eg from existing revenue, from a commercial loan or from a placing.

On a scheme of things it's a very small number and the payback potentially very quick at 250 suit jackets a day output

Got to buy some more at last now at .58 p .. so bounced a bit from open but I’m still very surprised this is not decently higher than yesterdays close

I’ve been trying to add some more but can’t get a quote and deal price on Barclays - even on small quantity - for 20 mins now .. strange ... and this should have gone up and not down at open I strongly believe

Strong not string RNS of course
Surprised the s/p Opened down though and so I just added some at .48 p .. I expect/hope for a rally from here when people fully absorb this RNS versus the extremely low M/c here

I’m impressed with the operational progress here and believe we now have a high quality CEO in charge , which is hugely important.

I also understand they wouldn’t take legal action without being clear they have a very good case .. could be a nice windfall one way or other off the back of this

Come on mr market, this s/p is just far far too low versus the progressive reality on the ground now !!!

great to be onboard here.. traded my way out of a lot of holes in mtph but am getting more and ore tired of it and having watched this for a while feel now might be the time to get involved here..

certainly hoping for an easier ride here than there, but if I have to weasel my way here too then so be it..

started buying in yesterday and added today , will add more as we go, hopefully..

Good luck to all fellow holders here !

Fine posting Viveka. Your content is simply excellent !

Extremely difficult share this .. and while it's easy to forget through long periods of decline, good things could of course happen to this share price too.. maybe/hopefully. We really need such a break soon !!