Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Or before this effing share price dies - down another 4% today. Give us strength. Are the board doing anything at all?
I think this must be at rock bottom. I can't see anybody selling pushing it down further and where would more bad news come from? I don't think further bad news would even push this down as the market really doesn't believe the company can deliver on what has been promised to date. As for good news, well.... this is why we are all here, living in eternal hope. Any crumbs of comfort, Hugh??
I think this must be at rock bottom. I can't see anybody selling pushing it down further and where would more bad news come from? I don't think further bad news would even push this down as the market really doesn't believe the company can deliver on what has been promised to date. As for good news, well.... this is why we are all here, living in eternal hope. Any crumbs of comfort, Hugh??
Only 5 minutes and we can celebrate a week without the share price dropping.
No doubt EOG were offered the West Newton farmin, but the management turned it down. Having said that, if we had been a partner and had gone up 40% on the news, we would be at the heady heights of 3.25p, so perhaps we are now so far in the hole that nothing will get us back to the previous placing of 6p. Anyway, I still say if you don't do anything, you will not add value - does our CEO understand that I wonder?
Morning Selfish, good RNS from UJO today, hope you kept hold of your shares! Just goes to show that you need to drill wells to add value - when was the last time EOG participated in a well???
Mr Selfish, could you be a little clearer on what you are complaining about? There hasn't been a meaningfully positive RNS since February, ffs (to use your vernacular). Did you have a few early sherberts that went to your head?
OMG are we back to relying on Wressle now? We are truly in deep manure.
This stock is 40% down since the last significant update on Ireland over 3 months ago, not on bad news, but on lack of delivery. As we head into the board's vacation period, I honestly can't see this getting any better any time soon, which presumably means further drift. I think my average is about 10p, so having lost 75% so far, what's another 15% going to do? Certainly not worth selling at this price. Better to hold on and hope, but as Heidelberg says, it never looked so dire.
I sure don't. All I know is this share as destined to lurch between 2.5p and 3p at best until there is a major change in strategy. Limpalong Oil & Gas would be a better name. Any observations on that, McSelfish?
Well done Hugh on getting excited over someone else's exploration well getting the go-ahead. Any news on our own acreage???
Markets back open tomorrow - won't stay 2.50p for long!
Hi Rocker. It seems unlikely I could have bought at 10p - I just tried to check but the charts don't go back far enough to show it being at 10p. And it is 'one of those', not 'one of them'. £34k should be £340k and you know that, but the simple truth is it isn't and only the management are to blame for that, not me
What impeccable logic! Low price = buying opportunity, never mind that the shares we already hold are worth jack! And someone else is drilling a well not on our acreage - yippee - what a way to run an oil company. At least we can stop losing money on planning applications in the UK when Jezza gets in and shuts down onshore oil and gas! Even I can look on the bright side occasionally.
Certainly the management aren't!
Not quite rocker, though wishful thinking!
Pretty close. Now stopped. Hugh, time to announce your farmin - right now please, no more delays!! Thank you
Well spotted, Anthony. Living vicariously through others is risky, but what the hell, if our management can't make their own news, why not?
ps having looked back through the announcements on farmouts my reluctant conclusion is that this is all smoke and mirrors and they have been taken for a ride by the Chinese who have no intention of completing a deal until their well is drilled and it is a discovery. Anybody have evidence to the contrary?
Shibbers, I think we have all been imagining that for the last 5 years or more, that is the sole reason we hang on in there. But I for one am becoming mightily disillusioned by the lack of delivery on projects.