is a first staging post, not the destination. Get real and read the Broker notes, look at the announcements from the company and read the CPR and slide packs from recent presentations by the Board. There are somewhere between 240 and 600 million barrels of oil with under 108K shares in issue (~150K fully diluted) does anyone with even the vaguest of grips on reality think 35p per share is a fair price ? This is and has been a debate about risk and pretty much that risk is dissipated. Instead of reading the narrative others want you to hear go DYOR and decide for yourself. otherwise you might as well stick a pin in a list of numbers and play the lottery.
RE: People need to sit up and think08 Dec 2019 12:13
@JAdam - good contribution. I would add that it is very easy to step back take a breath and review the previous pronouncements of the "altruists" and compare against what actually then happens. I would also look very carefully at the timings of the announcements some make of "I'm in" - eventually having spent weeks building up the tension only to then see that that is actually a top and sucking in more money to feed the short coming with the benefit of their insider info or coordinated position.
The only person worth trusting is yourself and the independent research you will have done based on company approved documents and peer reviewed papers etc. Don't trust me, don't trust any other avatar you don't know personally outside of the electronic world and certainly don't trust ANYONE who posts on a blog or website. Do you really think for one second that the likes of sharemuppets etc try to create an even open and fair playing field ? If you do, then I have some top grade 100 gram Nigerian gold nuggets that are yours at only £100 each ;o) cash in advance etc etc.
RE: Majid Shafiq - BUY SOME SHARES02 Dec 2019 15:59
if Majid is already aware of, for example.....talks with RRE and or another potential suitor, Phase 1 Liberator funding, Serenity details of oil quality, amounts etc, or anything else that is known to the market would materially affect the shareprice, then he can only buy shares if he doesn't mind spending a little time at her Magesty's pleasure.
RE: Expecting RRE to come bidding IMO02 Dec 2019 09:37
For RRE to see the Serenity data i3e would need to open up a data room. If that was the case, it wouldn't be just RRE in there looking at the data. I also think it is a little early for i3e to have all their data ducks in a row.
RIP - a once great Bulletin Board30 Nov 2019 11:19
Good grief -just tried to catch up on here having been busy for a few days this really has taken a turn for the worse. To the great posters (you know who you are). I'd just forget it for the weekend(s). The company is now a strong enough story to speak for itself through actions and updates. Trolls will be Trolls best to leave them to talk to themselves. I doubt I'll be back much.
@gggg21 - maybe you should learn to read more carefully and engage brain before fingers on the keyboard. You are the worst kind of pitch forks and sickles rabble rouser. Go to school or be man enough to properly apologise to BBN for your flagrant and stupid mistake
@BBN - been out all day so missed your post and subsequent comments. Sorry to see you throw the Towel in here, I feel from the tenure of your post it has more to do with the market antics than perhaps the company per se. Not all companies are as upright as BMN - we both know that.
To anyone and everyone who has had something snide or foul to say about BBN -shame on you, you really have no idea at all do you ? BBN is, has always been and will continue to be going forward (I have no doubt), an honest, courteous and supremely well researched and logical analyst most are not fit to gorge on the crumbs that fall from his table.
@BBN - I'm still in. This much oil in such close proximity to an expensive under utilised platform won't stay in the ground. Good luck with your other investments, I look forward to debating and cross fertilising ideas with you on other boards, as we have in the past.
as well as being a traders play thing for the next couple of sessions (it may go up, it may go down, it could close here, it could close there, I'm in, I'm out, it's a Duster, I blame the pope etc etc) there are 197mmbbl Oil in Serenity and we did just strike oil (again) in Liberator - but don't let any of that get in the way of trying to con your way to a few extra pennies playing the AIM game
…...full success case values equates to 242 p/sh. We have included 25% of the success case value in our fair value estimate for that discovery, which equates to 61p/sh. We expect the shares to be volatile over the days and weeks ……..