Member Info for oldabutnowisa

We all had plenty of notice of the Geociccio bulls-up so no surprise there. Timing issues. O.k. Change the year end in future. We all figured it would take a while to build sales. I too am prepared to give this another 12-18 months. Reckon may settle at around 9p-10p for a while. No more bulls-ups though, Brian please.

I take your point very happily,Funky, but there is likely to be dilution before we get there - and I do not want to expect too much!

...here. Can anyone explain to me why such an exciting investment trust type approach from clever deep-pocketed majors should be treated so disdainfully?

Loaded up with more at this absurd price, Just had a success and used small part of proceeds to get an even bigger holding here. IMHO just a matter of time.

optimism after a small placing and partners lining up for water feed. Taken another 20000. Yet to work out my new average but think this is going to be the low and once the JORC is out and the water deal is done,we should see 4p or better, before the bigger Placing. Ultimately, I feel we may be bought out for 10p+.

Did not push my luck and took 14.02p to sell half and have the remainder for 0.5p each. Reinvested bits in other Flutter stocks I own and which look promising with the remaining bulk uninvested for now. Capn Sensible! .

...but I suppose they could have gone elsewhere if they were unhappy with progress, so I suppose its fingers crossed as before.

Big figures broke the abacus!

Big projects need big finance and maybe these are not the times for getting that sort of commitment. I have belief in what SAE are seeking to achieve but, as the mob say, patience is needed. (Also a bit of luck for the Guptas!)

Not quite 15p today and I need 15.5p 'buy' price to lighten my load! Still there is always tomorrow.

If it is a bid, we should get close to true value of the licences and the Cali business. We should expect far more than 8p.IMHO 30p would still be cheap if there is more than one interested party. For what its worth, I aim to sell enough to let a chunk run for nothing - obviously cannot do this if theres a bid but can work out how many to sell to leave you with a free ride up to a possible bid Nice work if you can get it!

....as a bid stock now.

Still confident that this share will be the star performer worldwide by Xmas.

If this chip keeps up this rise, I may, miraculously, be able to achieve an exit and hold on to a few for nowt. Expect hopes will get dashed but may be lucky because market cap so low still SP can react sharply. 15p nextweek will do nicely!

Now it all makes sense. The AG was involved with renewal of the licence and became aware (if he did not already know) that the Major only stopped paying for exclusivity because BPC had assured Major the licence would be swiftly renewed: BG were too slow. The Major has stuck around and the AG knows that. It is going to happen now and fast, so that the well is drilled in time. Hence he let it slip. I am pretty damned sure this is coming right!

Thanks Lekka. Now I understand why our SP has been constrained.... four bidders, not the two we all suspected. Reduces the odds of success.

S. Africa suffering electricity blackouts again. Right place - right time. Just cannot understand this trucculent SP. Come on Bots Govt.

which I think may mean they expect more buying on this news (and why on earth not!)

It is a matter for you alone, Bythesea, but you will be kicking yourself if you do cut even and leave nothing in only to watch TLOU double in the following few weeks and possibly more. But I know you are in deep so you must do what you have to. I have not had any real success with any of my flutters and am well under water too, but have managed to rescue sell on one or two, leaving a balance in hope. Never realised how ruddy long you have to wait! All the best.
Olda

...with ONLY this information, would I be taking on this Placing in the hope it would rescue my already large holding?
Not sure I would. Suspect that there may be whispers, rumours etc locally which we do not hear. Anyway no compulsion on me to pour my money in and yes, I agree with nobbie that a share consolidation may well be months away. All that really matters is the well. Let's hope it happens.