Member Info for NicetoMichu

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.

Indeed luckcounts.. seemingly/hopefully well played here by us both and sundry other die-hards on this BB.. not least the savvy Kalan. (and indeed now even richer again Paul Curtis)

i'm b*lls deep in Lekoil also.. If that comes good - or better even as I have a relatively much lower average there- I'd have to consider saying some nice things about Nigeria, for a change ! :-) ( retracting all the bad things I've said about it would be one long retract posting, in fairness :-).... but don't hold your breath for that one: whatever, it's still Nigeria ! )

PHEW

and that Mirabaud note makes fine reading.

And 'll happily admit I did not see Presidential sign off coming this month, Obviously .. but I did guess October for it.. speaking of: hopefully October for full transaction completion now !

I've added 50% more shares to my holding this morning bringing my bet to close to the max I allow myself on any given stock. B/E still approx 25p but bright light at end of tunnell now. Just need smooth completion of rest of transactions streams now and hopefully by end of October this will be a stock I'm very happy to own and hold.

Good luck to all felow holders !!

another fine post pickedpeck.. thanks

Ps; I used think the AIM market was stupidly undervaluing many many of its listed companies. After plenty of AIM companies I've bet - long - on continually not delivering anything like they expect to - but not all fortunately, and the occasional big win makes up for a lot of AIM misery - I actually now see the AIM market as, on average, reasonably - MM manipulation and lack of liquidity etc... have me use the word reasonably only granted - efficient: most companies on AIM actually turn out to be cr+p for one reason or other. So the market is tired of being burned and has adapted by saying we'll indtead price your share as lowly as possible - eg as though failure is likely/very likely - and you prove us wrong. (granted this makes it harder again to prove the market wrong - eg the next raise has to be hugely more dilutive again because the s/p is so low at time of raise... etc..) And most AIM companies actually do prove the market right by being in effect zombies/effectively failing/actually failing or, slightly better granted, pyrrhic victories (eg even after a big bounce from lows it's galaxies away from original or earlier highs )

AIM becoming far more a short term trading venue than a buy and hold venue is a natural development against such a backdrop.

All that said, because of its assets/profits/ money in bank etc Amerisur is not one of those seemingly endless Cr+p AIM companies imho.... and we are hopefully about to prove the market wrong by getting taken out for a lot more than 12p.. hopefully!!!

If what 'Ronmcdonald' wrote at 8.34 is accurate then that is good news in my mind and makes me somewhat more comfortable about the current picture and forward view here, whatever about the last y/e results. Indeed if my position was a very small one here - its small/medium now - I would have topped up off that post .. and maybe some did.

Also I'd add it's a post with tangible info. about the co. which is a rare thing in itself ( not just from posters here but from the co. itself, in fairness)

But Rons name has me thinking of Macie D's which is not the most inspiring name in my mind :-)

Colin Bird of Xtract - and Jubilee metals and more co's besides - has been around a long time and he too has overseen value destruction on a grand scale in the last 10 years - but has had a huge win previously too - and explains his companies s/p underperformance(s) as in large part a function of the toughest valuation and money raising conditions he has seen in his long career - many decades - in the small cap mining sector. Lnd management no doubt would agree with him. But it is what it is... hopefully it changes for the better soon.. but it may not, and it may even get worse again.. much chance involved.

(I see both XTR and Lnd as hard core gambling stocks but currently have approx. 10 times more bet on Xtr than Lnd btw.. not necessarily a recommendation.. DYOR ..etc)

Overall AIM Index - FTAI - is off from 920 to 860 in last month Thomas?

But gold stocks are often a natural hedge to any potential bear market occurrence(s)...

The stars could align nicely here, hopefully.. eg IF CB can deliver even close to what he expects in the next 6 months this s/p could rally meaningfully or even significantly from here .. IF ( and hopefully).. indeed, even in anticipation of hoped for upcoming delivery this could rally decently further from 1.25p (hopefully)

I hear what you're saying deepthinker but if the market puts ever increasing negative value on growing profits and reserves why bother looking to expand? For those who say the afore is a short-term phenomenon I somewhat hear you.. but given we're all dead in the long term the short term can be many years long? eg the afore mentioned situation has being going on for the guts of two years now imho and that in a still at least somewhat global 'bull market' backdrop.. if a bear market comes along, however cheap something now appears it can easily get cheaper again... and again.. etc..

Agree with George on good appointment and agree with silverknight that trying to buy at the bottom and sell at the top is mostly folly. However, I would caveat that by offering that coming somewhat close to either or even both does happen sometimes and is what AIM is more and more about imho ( ie active trading as opposed to or alongside buy and hold ) And when it does come even close to happening it can make a massive difference for success levels for bet(s) in that name

Also agree that if this rallys to over 10p many - indeed including me - might well sell plenty asap.. it depends on the news that causes the rally too, of course.. towards some positivity : if seriously good news this could rally quickly to a lot more than 10p imho.. but towards quick counterbalance: where good or seriously good news is coming from in the short term is becoming harder for me to see eg If the Chinese want to get more 'cheap' shares here they will be happy to see this s/p being very low at time of next raise ? (significant raise sometime in Oct. to March window would be my guess btw)

Generally, I'm ticking back up my holding here slowly only, but thankfully at my lowest ever average here...ie now back to 75,000 shares at an average of approx. 6p.... would - only - go back to more meaningful holding here if I can bring my average price decently further down to boot (have had 200,000 shares in this previously at 7p and indeed 150,000 at average of 10p )

I hope for others sake this doesn't keep ticking down .. 5.5p seems very low on a scheme of things here imho .. but this can alas go lower.. and a raise would likely be lower than the s/p at that moment in time too.. i'll not bore on detail on the number of new shares that could be issued too....

Again, they REALLY need meaningfully good news here to rally the s/p ahead of next raise.

ha ha CE.
For the record, I said 'Is it xtract ?' ie note the questionmark :-)
Ps for those not versed in 'yorkshire'.. chuffin means damned or Blo*dy. And i say that because of its awful history.. so glass half empty: if history is anything to go by.etc .but glass half full: things can only get better :-)
A game of chance ...Place your bets or not.

Most people who hold AIM O&G'ers prey that the prices for both Oil and Gas bounce back asap. This on the other hand is a stock where you're happy for said prices to stay around these levels or even go a little lower : as more chance of the deal completing sooner rather than later and to exact currently agreed terms?

Very fine by me if DavidWK has the last laugh here.
I expect there would be a number million pound winners within our ranks if his calls were even semi close to right.
Dare to dream I say, but, if history is anything to go by, perhaps not while playing AIM.

''Certainly if they don't come this week they are either calamitious or working on a placing.''
One can't say anything here for certain FK ? How about in my opinion instead. (I too am concerned though, and my concern will grow the longer we go without some sort of update )

DavidWK got me thinking there; and, eventually, I concluded that a 70 p take out this year is less likely than this reaching £1 by the end of 2020 if the company stays independent. I assign a 1 in 50 chance of the earlier and 1 in 40 chance of the latter.

fine response CE.. I'll hold off buying HUM then !
Is it X-'chuffin' -tract ? Who'd have known.

'But where would you find a company like that?'

Is the Answer Hummingbird CE ?

another fine post Stockable.. Thanks

Problem remains that Argentinian macro occurrences - perhaps wrongly but regardless - seem umbilically tied to the movement of this s/p.. i.e. the company has clearly been going in a strongly positive direction for 18 months + now while the s/p just continues ticking down... and that Argentinian macro situation could easily deteriorate - very? - significantly further from here ..so this s/p could unfortunately/sadly go down - meaningfully ? - further from even 5.5p, I fear.

I still have a small position here and hope this s/p doesn't go down any further .. I wouldn't be tempted to top up at 5p either.. but probably couldn't resist small/medium topping up around 4p.... For the long suffering here I hope it doesn't go near there.

Ps: 2019 is not the time for PPC to be looking at acquiring additional Argentinian assets imho.... however 'cheap' they might appear they can always get cheaper.. maybe later in 2020, when macro picture clearer and only off the back of strong revenue/profit generation in 19 and 20 funding most of cost..

very surprised that Miton are selling at these levels.. I did my first top up in a good while at .95p and now wish I'd waited ..if they sell down in any way meaningfully further this could fall considerably further still, alas.. indeed .5p would not be out of the question if they were planning on selling down towards 10% holding for eg… dam*. .. and that free machinery coming in September is hugely needed here now..