Member Info for PatShare

Hi Dai and No.1 - you 2 sound like me, a bit heavy-handed on the HE1 buy button and now really need a result here.

Made too many poor decisions and far too many high risk investments and didn't have a diverse enough PF to avoid being so far underwater; novice mistakes, only myself to blame.

But HE1 looking very promising now as should be drilling within the next 2 weeks all being well. Too may stressing on here about whether the outstanding LLI's have arrived or not or when spud will be - don't stress, this is happening soon.

I hope.

Dbay? LDG? Bidco? All seems like smoke & mirrors to me!

Might explain why someone picked up 10 million LDG shares the day before though?

Hmm.......

I spoke too soon....

Who bought 10,000,000 shares or spent £1M? Whichever figure is correct, that is bold, they must know something surely?

It definitely wasn't me though, that is far too rich for me 😉. Maybe there will be an RNS in the morning that might shed some light on it?

Maybe some DBay shenanigans? Hmm....

Interesting.... still watching....

.... presumably stands for Long Dull Groan....

I'm still watching out of interest but it's not an easy watch. Probably the slowest BB I've ever seen, seems like there are only 4 or 5 investors here plus me keeping an eye on what is - or rather isn't - happening.

I used to think I was a patient person - until I started investing! Since then I have found I have no patience when it comes to the performance of shares and the Stock Market and has led me to make some terrible decisions, hence my PF is an absolute mess with far too much money tied up in high risk ventures and all underwater. Hey ho, maybe I'll get lucky...

I did make some money on LDG though, one of my few successes.

Patience definitely required here though. A lot of patience.

Still watching...

"This has to be the most frustrating investment with 4 years of nothing but BS"

You should try Kefi Gold & Copper, that's the most frustrating investment EVER!! Millions spent over 13 years (I think) and yet to produce a single ounce - or gram for you younger investors - of anything.

At least Matad have drilled holes and found oil, even if they can't get it out of the ground just yet. Soon though, hopefully.

Apologies for crossing board 😉

it's quiet... oh so quiet...

holding and hoping? i'm beyond that, now hoping and praying and i'm not even religious. too many posters spouted 'any day now' months ago and i got suckered in like the novice investor i am. only divine intervention and a miracle will get me out of the **** to be honest.

fingers crossed. a lot.

Nice one eviking, I'll have a read.

I was beginning to think no one was here anymore.....

Still watching....

@ dai2belts - interesting times eh? Seems my timing was off the other day after all, shoulda waited for the raise @ 6p.

D'oh!

@ DrillbitBill - Just like any other publicly-listed exploration company with no income there is absolutely nothing at all to stop these companies raising cash by issuing more and more shares time and time again until they hit pay-dirt and start generating their own cash.

If HE1 don't make a commercial discovery in the next 2 or 3 drills or until they run out of working capital then they have no choice but to fundraise again, same as they just have.

Fortunately for us HE1 holders they are still under a billion shares in issue and hence SP still over 6p; there are other companies I could mention that have many billions of shares in issue and their SDP is fractions of a penny.

All any of us can do now is hold and hope, at least until spud is announced and gets the SP to a point where we can sufficiently de-risk or exit completely for the sake of our sanity.

If we get a discovery RNS in the next month or two and SP is at 10p I'll be in big trouble and my wife will not be a happy woman.

Just as well - sometimes I feel like a drunk trying to be an investor, it never ends well!!

I know if I'd posted what the MF article said I would be accused of de-ramping.

No one knows what the SP will be post-drill, especially if HE1 have a discovery, but an article like this unhelpful at best, potentially damaging at worst as some more likely to believe it than posts on this BB.

Just what we didn't need.

@dai2belts - good to see you are still lurking here, me too. As you say, so much fractious nonsense appearing here just lately better to keep our heads down and wait for confirmed news and proper research - hats off to Skittish by the way, the depth of his digging is beyond me!

Just topped up 57,000 @ 6.789 to average down and looks like I got my timing spot on, for a change 🙂

Excellent summary Keith. I know very little about drilling apart from DIY jobs and they can be tricky enough!

Drilling for gas, oil or whatever even more impressive when you consider all of this is happening 100's or 1000's of metres below ground, no wonder exploration is so expensive.

I'm so glad I topped up yesterday at 8.7p. Averaged down a bit but still underwater :-(

Story of my life when it comes to investing!!

The more stocks I watch and trade the less I think I will ever understand what is going on!

Never ceases to amaze me how 'good news' or at least no bad news can bring the SP down - at this rate we should be around 6p on discovery! Literally nothing surprises me any more.

Hold and hope.

The last buyback update was 19/07, there was no update on 20th, 21st or this morning.

I can't see any mention in the trading update from the 18th to say they were stopping or suspending the buyback.

At the last count (19th) they had bought back a total of 17,341,033 shares at an average price of 269.9963p per share, and spent a total of £46,820,141, so they still have a little over £28M left in the buyback fund if they deicide to continue.

Maybe now the EY Report has given them a clean bill of health and the SP has recovered significantly there is no need to continue with the buyback. It's all over my head I'm afraid.

Good luck all.

@ Dai - I guess that would depend on whether they were 'out' or 'out out', what you might call 'The Mickey Flanagan Principle' in technical terms.

😉

LDG are continuing to buy back shares but the SP is slowly falling back towards 14p.

I'm thinking lack of interest from investors and economic worries are all playing their part here, but whichever way you look at it the buyback isn't having the desired effect.

It isn't going very well, is it?

@ ShortWhacker - sorry, I have no idea, I simply take the volume and average price paid from each days' buyback RNS and pop them in a spreadsheet, and use that to calculate the total bought back, average cost per share overall and total spend.

No idea if this info is useful or not, but at least feels like I'm contributing something to the BB.