Member Info for oilmagnet477

Dancy - there isno simple answer to that IMO Brutally - I'd just like to get back above my 1.5p average but in reality, if the news over the next month starts to rebuild some general confidence then it is very difficult to predict. When Togo lands, that project alone has the ability, at very low capex, to start generating decent cash, which will make the group self supporting. At that point, you'd have to consider a MC of £20m to be reasonable, if not cheap. Historically, when the AA/Kumba deal was in progress in Gabon, we were priced at our height at 2.65p, with a broker target of 10.4p. If DR is now about to re-introduce a JV or something similar to bring that asset back into play, and as indicated, create a setup that is independent of global IO markets then who knows, but 5p-8p should be achievable, especially if both of these elements land. Although some short term trading opportunities will undoubtedly be attractive (and allow some to escape above these very low prices), this investment has always been about the end game for each of the 4 individual projects. The BoD track record is excellent in this regard with over $1Bn sales in previous endeavours. I appreciate that the world is a different place right now, but that won't last forever and with the level of BoD investment near 25-30%, I can't see them walking away before they make a mint. All IMO GLA

Hi mate, hope you are well, nice to see you still popping in. All the best OM

Evening All, Been a very interesting time over the last couple of weeks! Thanks for that update BJ - I truly hope we get some good news soon. I really, really believe in this company but some positive news and at the very least a road map going forward would rekindle some support here and prove that we aren't just sitting around waiting for others to deliver. I all honesty, I've always thought one of DR's strengths is his ability to move on different fronts and side step some of the challenges - next news could well be transformational. And yes DR last bought £85ks worth of shares at 1.75p GLA

Sad news indeed - will be much missed.

CB - I agree entirely, although it is slightly academic, the 'sells' at 0.50p look like buys to me. This all smacks of leaky leaky here - time will tell but if news lands in the near future then the FCA will need nothing more as evidence of underhand dealing IMO - not that it will make any difference.........

Don't deny that your timing was retrospectively spot on but I don't for a minute believe that your buy led to a 12m buying frenzy - as pointed out before, more trades than the last 5-6 weeks - has to be more behind this than a hopeful PI (no offence intended btw)

I don't think LSE has cocked up on the price. 0.61p paid on ISDX and a load of volume on there too have a GREAT weekend all GL

an UNdate is well overdue :) Today's volume of nearly 12m shares traded hasn't sprung from nothing. Someone somewhere knows something methinks............

Cheers for the update. A 3p target would be very good for starters lol Cheers OM

Ha bl00dy ha - toothless setup Late reporting of trades is nothing but market manipulation - look on Google Finance and at face value it looks like a sell - I don't believe it for a minute - a genuine sell of that magnitude would have collapsed the price. This has 'mates rates' all over it!!!!!!!!!!!!

......you needed evidence that us poor sap PIs are not trading on a level playing field - today is a classic case. Will be interesting to see what unfolds as undoubtedly something is up.........

Another 1m buy over there as well Is this Timmy and Tarquin getting in on a whiff of news?

and some chunky buys going through Could this be the kick off?

dave@ferrexplc.com should elicit a speedy response It's on the presentations on the website GL

Sorry BJ - been off the radar lately - just keeping my head down for a bit. Being 'proactive' is great but we REALLY need something by way of results from this now. Still expecting DR to deliver but it is way past time that the track record kicks in. Come on my little possum - do your stuff

Sincere condolences to you and yours. Puts things somewhat into perspective. Take care

Sorry mate - been away and just got back. I had similar comms but read into it that DR was being pro-active with assets where he has control (ie Not Togo). Until the permit lands nothing can happen, so to be 'pro-active' and have some positive news flow to deliver, indicates to me that non Togo projects are about to re-emerge. All IMO but we just need something here to keep us going.............

If we were 'boring' it would mean things were underway.......... One day Rodders.............

I'm imagining that what he wasn't saying is that he is about to become the Australian Ambassador to Togo 'I'll fire up the barbi if you give me my licence' LOL

It isn't whether it will hurt them, it's whether they will hurt us that I'm worried about lol Had comms with DR over the W/E - not giving much away but seems bullish about certain things in the very near future - and not necessarily what we are expecting????