Member Info for originalharrystamper

Tones - I have a simple but (so far) affective plan in that I have picked a few beauts recently that have allowed be to double my initial investment. My plan here is to sell half at 20+ (Depending on how volume is affecting the rise at that time - ideally 26 so I’ve doubled my investment once again and then perhaps hold for the ‘mother of all corrections’!, ha!

A read some comments on here earlier about moving from oil stocks into green. I guess I’ve unknowingly done the same having sold out of CLON recently and been looking for the next investment - I think I found it. Some very informative posts on here that give further confidence

Bought in on Friday after reading the RNS and a little background catch up from previous RNS and this BB. Wow, what a find!

The 'Petroleum Hub Development Corporation Bill, 2020' was also presented to today for reading

FINANCE COMMITTEE
Date: Wednesday, 29th July 2020
Time: 9:00 a.m.
Venue: Committee Rooms 1 & 2 (New Administration Block)
Agenda: To consider the following:( i)The revisions to Petroleum Receipts and Distribution for the 2020 Financial Year.(ii)Petroleum production volumes and challenges facing the industry

https://www.parliament.gh/docs?type=OP

Good page to keep an eye on for the Order Papers to be discussed

Morning Rise, I fully agree with your point regarding that the article is applicable to absolutely any business in Ghana, just as Any article about a rise in COVID related infections and deaths in any country would be applicable to most businesses in that country. I’m only ‘still here’ to see if I made the right call in selling. If I hadn’t sold on Friday, I would have this morning in light of the COVID article. It’s a shame that we all have to sit at a computer and write these messages rather than being able to discuss at a pub over a pint. You’d then see that this genuinely isn’t a deramp as I have no intention of buying into any stock, in any sector, until I feel confident that anything to do with COVID wouldn’t affect my position. I wish I had the bottle to do it - I could have sold half and left the other half (my profit from other shares) in here as effectively £2500 of free shares and told myself, that if it falls, so what, you’re not ‘down’ on your investment but I would have been ‘down’ by losing that profit and the fear of seeing that drop was too great.......but you know I’ll be sick if it goes to 2p, ha!! GL Rise, Sam, Tiburn etc.....

Disregard- they’re on now

I’ve posted 2 replies to your point Sam and neither has come up on here? Trying to see if this one works

I agree Sam, it’s not priced in. Like it wasn’t back in Aug last year at 0.21. Like I said; pure speculative gamble with a Multibag potential if ratification is achieved (2p+) but a big fall if news comes that it is not approved or delayed or another excuse.....or a gradual drift with silence and no news updates whatsoever

I agree Sam, it’s not priced in. It wasn’t priced in at 0.21p back in August last year either. So like I said, pure gamble that will be amazing for those who hold and get PA, or a 50%+ loss to those who wait longer term for either no news and the eventual boredom drift or bad news and an immediate fall

Morning Clonners. This post will be taken as a deramp but that’s to be expected I guess. So, I’ll get straight to the point - I was here to make money. We all should be here to make money! BUT, as we all know, Clonners are hedging all their bets on a successful outcome of ratification of the PA and therefore blinkered to what is going on around you. Some here are well prepared and positioned for a possible drop in SP as they have other holdings that will buffer a loss. Some will have ‘all their eggs in one basket’ (this was me on Friday). I’d been checking multiple times daily over the last few weeks for any glimmer of Parliamentary news that might have suggested a nod to PA ratification business but I was blinkered to other news that was also raising its head; the dreaded ‘C’ word - COVID. I was itching to find another share to get into but then I realised that the reason I got back in to trading in June was after noticing what had happened to the majority of stocks during the pandemic phase - they plummeted regardless of news; expected or actual. So, with that in mind - those who are maybe in a similar position to what I was, read the following link that I found yesterday and decide whether you’ve still got the b@lls to ‘hold for glory’: https://theconversation.com/ghanas-much-praised-covid-19-strategy-has-gone-awry-here-is-why-143217 At the end of the day, it’s your money so only you can decide to stick or twist but you need a measured level of common sense to make that decision.At the end of the day, It is gambling after all so if you CAN’T afford to lose it, do some extra research yourself. A genuine GL to all who decide to go for glory!

GL Sam. I too believe that the ‘potential’ here is massive. But at the moment it is just potential. As the saying goes. ‘Only gamble what you’re prepared to lose’ and I wasn’t prepared to lose £2500 of profit. I was prepared initially as I believed the gamble was in my favour but things for me changed yesterday when I read that article. As an analogy, I backed a draw in Brentford v Barnsley game last night as the odds were 4/1 so a good gamble based on what the teams had at stake. I should have cashed out towards the end of the game when it was 1-1 with about 300% profit but I was greedy - Barnsley then scored in the 91st minute!..... that goal saved them from relegation, relegated Charlton and the win cost Brentford prom automatic promotion to the Prem! Just goes to show anything can happen!

Sam, the 1m sell towards the end of the day was mine. Not life changing money to most but enough for me to not want to lose.

I said why in my post yesterday. The way I read that link put enough doubt in my mind to not want to risk losing all the profit I made on QFI and TOM. My average here was around .25p as about 50% of my holding here was that profit so there a massive buffer before I would actually be in the red but simply didn’t want to see that reduce. Others have read the link article differently so perhaps I’m wrong but one thing I’ve learnt the hard way many times over is that ‘profit is profit’ and I’ve lost a lot of profit in the past by being greedy. As I said all along, I was here for the gamble of ratification but had to re-evaluate as I didn’t see the article until just after 4pm so had 30 mins to read it, check out the source, read a few other articles, look into COPEC and then ask myself the question; is it still worth holding? I chose the safer option and banked my profit.

Morning all, as I now have money burning a hole in my proverbial pocket, anyone got any good nods in the direction of other stocks I could do some research on. None of the following though - COPL, EUA, SNG, etc..... all the ones that have already had their rise and been spouted to death! I I’m seldom one to jump on a share after news as I like to take my positions early. AGM today so fingers crossed a hint of something comes from that for you all. I genuinely mean that as now that I am out, I can’t see myself buying back in again on a ‘dip’ as I wouldn’t know it was a ‘dip’ until afterwards, ha! I’d be thinking it was because of bad news regarding PA. I think volume will be the indicator here so that’s what I’ll be looking for if I’m to consider buying back in but it will pain me to do so, especially having to pay more that so sold for!!

How much influence does this COPEC have?

How is it positive? If they’re looking at culling the PAs that aren’t bringing much to the table, what would be the point in ratifying CLONs? We have no capital or funds to progress anything without a serious partner and/or farm ins, we’re simply the 10 year holder of a PA for a block. If I’ve called this wrong and hastily sold then that’s my unfortunate luck out - what have I misread in this article Bridges?...... I may need to do a ‘Sam’ tomorrow!.......no offence Sam ;)

I don’t know how you came across this link but it was enough to make me sell my entire holding. I’m gutted as I was really quite positive about CLON but I had all my eggs in this basket. Although I’m not ‘up’ as much as I could have been if I’d sold last week, profit is profit and now it’s banked. Whether this is scare mongering or not, it was enough to put a big doubt on our Petroleum Agreement. CLON have been waiting 10 years for ratification of this one - if they do have a review of PAs, my faith in ours wasn’t the strongest. GL to those with bigger balls than me, ha! I’ll keep my balance ‘at the ready’ and perhaps buy in again if you do get ratification and hope to ride a good day trade. It’s been a good forum so I’ll keep checking in on here, cheers

Ask is creeping back up

I can’t see how PET rise can be anything to do with Ghana - same BOD as CLON and only a 30% stake compared to 60% of ours. Unless MMs are dropping here to get shares......