Member Info for PatShare

That 'someone on BCE is stating that CLON are putting 750k into BCE' is Buzzcoin, seen enough nonsense posted by them already.
But who knows, guess only time will tell. Stranger things happen.

After last years Western Gas/Sasanof fail I'd just be happy to get my investment back, let alone make any profit.

That was early days for my dealing and it scared the living daylights out of me! Not for the faint hearted this game.

Looks like Mongolia is split into 3 time zones, 7, 8 and 9 hours ahead of us; Ulan Bator is 8 hours ahead so surely closed there?

@ master82 - strange way to spell 'unhelpful', guessing that's what you meant?

Heck of a typo :-)

Why? No big movement in SP, why the PME?

.... and unable to get a quote to sell much more than 100,000 shares on HL (note - not intending to sell, just testing the price)

Markets at play?

Hopefully positive formal TK funding news very soon. We live in hope.

Let's hope for Harry's sake - and ours - that he can finally deliver TK (not to mention SA, JQ etc.) and it never comes to that.

Attempting to hold anyone accountable sounds messy and difficult and changing the CEO or BOD at this point could upset the whole TK-sign off - no Harry no deal? - but if no sign off then Harry would certainly have some difficult and probing questions to answer.

I quite often see posts on different shares where 'we need to hold CEO's accountable' but not aware anyone's ever been able to do that.
How exactly do we hold Harry accountable for any of this if it doesn't come good?

Forgot to add 'pray'. Boy, do we pray this comes good!?

@ Fantasy - therein lies the problem, no one knows. Not you, not me, not Harry.

This is all about managing expectation, how many times before has the timeline slipped for whatever reason?

I was 'expecting' a parcel before Christmas but guess what? Didn't arrive. Why not? Supplier was shut over the weekend. Then the order got mislaid. Then the order was found and despatched. Then there was another weekend. Then a postal strike. Then Christmas. Then I was away and couldn't receive the delivery. Then I had to reschedule with the post office. Then there was another strike. then another weekend. Then I was out again. I might get my parcel tomorrow... oh no, out tomorrow... hopefully I can collect from the sorting office on Monday.

I can't begin to imagine trying to get a $320M deal signed off by multiple lenders, ministry of mines and any other government department involved; it take 20 weeks over here just to get a Power of Attorney registered.

We invest. We hope. We wait.

This is just taking a bit longer than expected.

The November RNS stated "the updated US$320 million Tulu Kapi Gold Project ("Tulu Kapi" or the "Project") costings and finance plan has now been agreed by all the Tulu Kapi syndicate lead contractors, investors and lenders. It is currently being processed for final reviews and entry into definitive documentation to be signed as soon as possible, with the expectation to achieve this next month."

'Expectation' is the key word there, the timing was NEVER guaranteed.

A bit like investing - what we want, what we expect and what we get are all very different things.

In my opinion, for what its worth, far too much has already been invested here for it not to happen, hopefully sooner that later, and clearly the Ethiopian Government want and likely need it to as this will surely generate jobs and prosperity for them.

Ultimately this is (mostly) out of Harry's control so we just need to be patient.

Ah nuts.... 4.53 to sell now on HL... back in the red!

Oh well, hold again and hope for another surge up or a good news-RNS, then simply decide how much profit to take with any luck.

Maybe it's just a churn of profit takers selling before the next lot of buying kicks in?

Hope so.

@ ART123 - I'm in the same position as you. Good to see it back in profit, briefly considered selling but held expecting more, now disappointed to see it slip back a little.

Hopefully not too far before news drops eh?

I have a share in the blue!

Holding now for bigger rewards.

Good luck all.

I think it would be an understatement to say this morning's RNS is very disappointing. HE1 is by far the biggest chunk of my (small) portfolio but this morning's news wiped a big chunk off it's value; I was already underwater across the board and this has just made it a lot worse. Hey ho.

Is the Kenyan rig they were repairing/auditing/testing last year still an option maybe? We never heard any more about that after the Exalo rig MOU was reported to us.

Fingers - and everything else - crossed for a quick turnaround in fortune here.

@ KeithOz - that's the first time I've seen footage of last years rig, a lot smaller that I was expecting - no wonder some posters were making jokes about doing better with a cordless drill!
@ dai2belts - thanks for links to the Invictus videos - that is a heck of a thing, no comparison to what HE1 tried before. Turns out size IS important after all!

Most interesting thing to me though is the scale of the site Invictus prepared for their drill, I can only imagine the cost of simply clearing & levelling the ground, digging the ponds and shipping all the accommodation huts, offices, infrastructure etc. must be huge. Guessing the same will apply to HE1?

Now I know where the money go, I have a different perspective on my investment. With any luck it will come back to me - and all of us - in spades.

So, the near 200 million placing shares were admitted to AIM on 19th and even with that dilution the SP has managed to rise back into the 7's.
I'm no expert but that speaks volumes to me, suggests investors are more interested in the resource than worried about the share dilution.
Good news, yes?
If this continues and we get rig/spud/discovery then it will be a Happy New Year indeed.

Merry Christmas, good luck and good health to you all.

Pat.

Wow, crazy change in spread at the end of trading, someone paid 1.4p!

I was joking when I said buy in before the spike. Who knew? The one time I predicted (guessed) something right and wasn't invested. Typical.

Not really, glad I wasn't in at the end, far too messy for me.

@ Mannan meant 10p but he was taking the **** out of mag_manus.

Looks like a good price now - get in quick and wait for the spike? Maybe not eh? :-)

Oh, what a laugh it's been here, some of these posts just cracked me up.