Member Info for NicetoMichu

A very positive RNS imho and I'm thankful for that. There is significant further s/p potential upside here going forward imho.

(PS; you'd have a very different perspective on this RNS if you were a shareholder here imho Luckcounts.. Seeing other peoples bets make some headway often brings out positivity in onlookers, not negativity. The latter a poor reflection of personality imho. That said you are of course entitled to your opinion and to post widely on any or all LSE BB's)

For those who continue to see Oilers as their focus:

The Savannah Petroleum (SAVP) journey might strike a chord with those long suffering the Amerisur journey
(High Risk: '' IT'S NIGERIA''.. and NIger to boot)

OR

For those who see O&G as a now ongoingly unloved sector and also worry about potential economic downturn(s) in the 2020's, a gold stock might appeal:

Petropavlovsk: POG (Medium/High Risk : It's Russia) And it has got 'petro' in the title to help O&G stock addicts come down gently :-)

Please stop the personal attacks. Understood nerves are frayed but such is the way in gambling .. and AIM is a casino.. BB participants should stay dignified whatever, please.

Obvious & reasonable growing concerns by the week here on lack of results RNS ( or even a results date notification RNS ) and hence the s/p understandably ticks on down. The current trading and forward looking statement offers some hope to me, but less and less as the weeks go by without update. So this s/p could of course go a lot further down from 1.5p .. sadly.

Tactical averaging down could get a few out of a hole here, but only in due course.. or it could be throwing good money after bad.

Generally, some bets you win and some you lose.. you just hope the wins tot up to more than the loses over all bets placed in the AIM casino.

A good way of playing this share effectively involves combining tactical trading alongside long-term holding, imho..

To that end, I feel my overall share pot is somewhat shy of where I'd now like it to be now.. and so I've recently started to do some topping up towards getting back to even 75% of my peak shares numbers held here.

After years of - painfully - averaging down only, finding myself now, for the first time in this journey , averaging up, - so far anyway - is actually psychologically hard to do.

But I do this as I have a view there will be some decent movements in this share price in Sept and Oct. .. decently up to begin with I'd guess/hope but depending on the extent of that up movement some punchy retracing /bouncing too.. and some trading for me therein!

Altogether, as previously mentioned, I guess this s/p will be decently /significantly higher than 1.25p in 6 months time. So holding and not trading alongside in next 6 months has merit too imho.

whatever President/government comes in there is likely painful cutbacks to be done..sadly (although the socialists, if in power, might try and somewhat spend there way out of the hole to try and stimulate growth.. which often ends in total bust.. which causes huge further pain again .. etc..)

if any such reforms increase the burden on the struggling working/middle classes further, to ease any such pain, my worry is the government may lob another tranche off the maximum price of oil to domestic producers, for say the next 90 day period...etc.. and why not start a similar process for gas..etc : potential downward output price achievable spiral to President etc...

end of Oct for general/presidential elections.. but Argentina seems in a mess once again..

I wish I'd sold out of here entirely now at 8p ish.. came very close to doing just that but kept a gbp 4k position to build out again in the future.. back burner now... although i'd start adding back at 4.5p if this goes there.. i'd be cautious in adding much back quickly though.. with 2020 being more likely than 2019.. fundamentally a strong/resilient company now though.. and further weakness from here might be a good medium term buying opportunity for the patient.. but this can of course go lower and lowe againr from here in the short term, at least....hopefully for long suffering here it doesn't

fair play jimmyr_83.. great to see retail punter(s) doing well on AIM (for a change)

(even) I'm in the money here now too... I've taken the hard road granted: went somewhere between a double and triple down to average down from 16p to 5p a few months back... hopefully this is still just warming up now.. very hopefully..

( having recently topped up in .9's ) I topped up here today and will do so again if it goes to .75p and again if .65 p etc.. I hope it doesn't go lower for others sakes here and it may not.. but Miton will decide that.. .. I have a soft spot for this share.. never a good idea on AIM granted... but might as well be hung for a sheep as a lamb.

the only hill climbing I do bucklefern is the metaphorical type : trying to get a decent return from bets placed on KMR over recent years.. mountains more than hills my specialism, therefore :-)

hope springs eternal: 275p by end of August and 325p by end Sept. anyone !?

Ross does NOT speak dross Imho (neither here nor on the Cerp BB .. which is a pity as it's a nickname that always makes me laugh :-) )

Ps : Do you find Kenmare a good employer :-)

More like the 120 than 46A Bucklefern ! ps I very much hope there are the same odds of this hitting 400p in the next 6 months as bucklefern being from Dublin :-)

It would be more conclusive if the s/p went up today ? :-) ( trades that are marked buys aren't always buys, of course.. MM are proper sh*ts too )

For whatever - little - it's worth, I do feel that this is decently more likely to go up in the coming 6 month window - Sept to Feb- than down.. of course, there may well be significant swings and roundabouts in any such upward 'journey' too ...

If the BOD do not sell this outright or in part during this process, to protect the s/p from dumping they'd better be crystal clear with the market on the value of the 'good' offer(s) they received, that were, in their mind, not good enough. And exactly why.

I say this as the current known offer is approx where the s/p still sits and this against a backdrop of fine assets and a fine balance sheet and known other interest from significant players and the BOD explicitly telling us not to sell at the current market price: Altogether, that this s/p sits at - only - 17/18pish currently underlines one more time to me that this is a brutal market place and in the context that it could easily remain a brutal market place for a long time to come - new brutal paradigm for approx. 2 years already and global marco storm clouds now perhaps approaching too etc- I think the BOD will 'let this go' for - even considerably - less than 40+p.

35p would be a very good outright sale result imho, 30p a good result and 25p-30p an acceptable one and even 23p to 25p a bad deal that they feel they should still go for, 'all things considered' (eg and if a bunch of shares in the purchaser with clear upside potential are included as part of the transaction)

Towards finishing on a 'positive', given the BOD are seemingly good at deal making I feel this will be sold outright for at least 26p and maybe/hopefully 30p or a bit north of that.

This company is finally coming back together imho.. at least while ilmenite stays decently priced.. how long that'll be is the key question.
Kenmare is no Greenland... we're very much for sale for the right price imho.. £4 to £5 offer in next twelve months, please and thanks ?!

welcome back dibs .. and, seemingly, well called on this so far.. off the back of you getting back involved I just did another small top here this morning to get me back to 100,000 shares @ approx. 6p average.. I'd happily add at least another 50000 if this goes to 4p and or lower ...hopefully for others sake it doesn't ... and here's hoping we get a good funding update RNS very soon and this rally's.

and down we continue.. 4.5p now..

tomtom's post on funding was a good read imho.. It doesn't have to be an equity raise with lots of new shares issued.. even if part equity part something else eg asset sale, loan against assets etc; that would be better than big dilution at a vey low price.

Whatever, the market is telling them they need to get on with whatever way they're getting the required cash in .......

...but any sort of asset sale would take time? whereas if doing a raise why not do it quickly weeks back when s/p was 6p or 5p ? Maybe even one of those Morgan Ashley pipeline deals is at last completing in August.. that would be great and would help somewhat no doubt.

I am continuing small topping up approx. every .5p down here and have added again just now at 4.5 odd p.. down 1.5k on current holding .. but was up similar when I sold mostly out around 10p … this can of course go to 4p and decently under... and I would add more meaningfully if it does..

I'd add a 'meaningfully progressive' in there Paul :-) : 'Some meaningfully progressive activity in Zambia'

I'd have expected this to be into the 20's p yesterday or at least today. If there was even pretty full on buying pressure then the MM's would have to let this go readily enough. It shows to me what an unloved space the O&G AIM one remains. Too many II's/PI's looking at glass three quarters empty in this sector as their default.. and plenty of that is off the back of the renewable instead of non renewable theme imho. The excuse of a few workstreams still to complete ahead of the deal finally completing will of course be cited. In a more positive environment those streams would be expected to happen relatively smoothly/quickly and the price would more reflect this deal very likely completing by end Oct. Alas even when it completes sentiment may well still be poorer than it should/could be thereafter too. So getting to 40p here might be more hard fought than some here might think...

I hear you Totalnew..but it's seemingly game back on here now and perhaps 40p doable in 2019 even ? maybe/hopefully.

If not now, when - far far more than if now imho - this completes, averaging down would help you and others in similar place, if you're comfortable with that and have the funds, of course.

I hear you too Luckcounts.. My average in Lek is 5p now at least - was 16p not too long ago - but a very dangerous stock no doubt.