Member Info for Ninvestor

Heid - No doubt there is data, but they spent 8 months at BB, spent a fortune, and not one tanker of oil left site. All after SS had said it was a nationally significant find. Anyone who says it wasn't a failure is deluded. Sorry.

everyone blaming the BOD? TBH I have been critical of them in the past, but it's only a couple of weeks since the last update (which was decent)
The reason the SP declines everyday, is (IMO) that good news causes spikes that make the MCAP totally unrealistic. So, people in profit gradually sell as they see their 'winnings' erode, and either put them elsewhere or buy in at another opportunity. ATB

DL would've doubled his money within a week and sold IMO.

' will be a game changer for the company if they are good' That's his opinion riseagain, and it's difficult to argue with in the circumstances.

Tight spread this arvo. Can buy or sell a grand's worth for about the same price on H'fax.

Good post Andrew, nice to see you on the board again. One small point to add to your thoughts:
Land extension and Director buys followed a visit to site by David Fraser himself. In the future, if the company does well, we can't look back and say they didn't give shareholders ample opportunity to jum onboard/top up.
Best of luck to you too.

Ticking up nicely, placing price in the rear view mirror for now. GLA

Estate = 'rerate'

All the ingredients are here to make money folks. Low market cap, placing just happened therefore not due, director buys recently, company acquiring more acreage, safe location in all senses of the phrase, drilling operations ongoing, results due soon that have the potential to transform the company and estate the share price, shareholder who owns 10% and is right behind the company. Looks good to me.

cheers for the info Worst, all good exposure even if the Mail is an awful rag.

Hi Jayster. Trying to predict share prices is difficult! If it was easy I'd be a billionaire!
I will try for you though:

The current share price is below the price of the recent placing (and news on multiple fronts is due soon) therefore I think that there will be buyers taking position next week. It depends how long the news takes, and which news comes first. If assay results don't appear till mid August then it will build more I guess.

The SP was happily around 1.65/1.7 until the placing, so we may get to that level in anticipation - but I personally expect to hear from the company before then.

If results are promising and/or we see a revised Jorc then I anticipate 2p being broken next month, it's all about building momentum from there Jayster, the MCAP is tiny so there's room for growth. Alternatively, if assay results are poor, and GWMO's land extension is to 'have another shot' then the SP will probably dip below a penny.

Sorry for not giving a completely definitive answer, but it's difficult to say. ATB

Nice one. Thanks.

My hope is they know they're onto something here, and are acting accordingly. Director buys and adding acreage doesn't guarantee anything, but it's certainly a good sign.

I know right, it's weird, almost like the tiny spreads you get on the FTSE100.
London Stock exchange official site hasn't reported any GWMO trades since 14:11, I've bought in that time and know others that have too. GLA

Topped up for the first time in ages today, just a small batch 81142 at an ave of 1.23 including fees.

I remember Stuart 1 2 3 4 coming in here, making fun of all the holders because the stock had dropped 20% in one day. I wish he were still here, could ask him how his Facebook shares are going.

Good comment from pijoe regarding the port/kimm. I personally believe that the kimm failed at BB due to poor engineering/lack of experience whatever you want to call it. That's my opinion only.
Ukog is sentiment driven, why wouldn't it be? The sector and location will always make it so. Good news bloats the Mcap to ridiculous levels, then it slowly trickles away. It's going down 3-4% everyday at the moment, the general trend between RNS' is down so the mcap is too high. Not a deramp just my view.

Yeah, he bought some in the placing, which I believe he told us. Seems genuine guy.

He's like that Katie 'orrible bird off ITV, known mainly for being an outspoken ath-hole. That's all.

Everyone calm down... Christ.
Anyone who has been in this share for a while knows that with good news it spikes to around 2p (more last summer) then falls away again.
The important thing is that the results are good, and that the SP can find a higher base level.

I don't believe any of this 5p-10p stuff, at least not short term. Plenty of profit taking between today's price and 5p that I tell you.

From Wednesday's closing price I see no reason that the price can't double near term, and we will see what happens from there.