Member Info for Pdub

I know no one likes a smart ar*e but yesterday I posted:

"I'm not going to predict a share price or timescale. However what we have learned from 2017 is that this sp can rise very quickly in anticipation of events. Perhaps history will repeat itself, only this time ending up with commercial oil production.

As they say, you have to be in it to win it!"

Smug grin across face.

Let's hope this is just the start.

Regards. Pdub.

kgparkes you have been here about the same length of time as myself. No doubt you will know and understand the fundamentals of the company and the market dynamics. You will have an opinion of where this is going over the coming months and years. I certainly have.

Frustrating as this temporary retrace is, nothing has changed about the prospects for the company and the share price. Therefore I see this as an opportunity to take a few more shares. In truth I would only be concerned if there was a reason fir the share price fall!

All of the above is just my opinion.

Regards. Pdub.

Try reading your own posts. That should do the trick. Haha.

If that doesn't work then try wading through mine. You'll be out like a light.

Always happy to help.

Correction : ... making your statement the even more astonishing ...

Indefatigable you are joking!

FeV over $100 kgV !!! 18 months ago folks here were hoping for $40 - 50 kgV. Current market price is something most other commodity investors can only dream about. And the Supply Demand dynamics that have let to these very high vanadium prices show no sign of being resolved in the next year or two. But then if you are that well researched you know all this, making your cattlemen the even more astonishing.

As for our brilliant CEO I can only laugh at your attempt to undermine his credibility. Yes the company was fined for breaking the rules. BUT ... They had sought legal advice and believed what they were doing was ok. Turned out the legal advice was incorrect. It's the lawyers that folks should criticise, not our talented CEO. But then again you should know all this from your research.

Whilst I have some sympathy for those who are underwater I would say this. If you invested in the fundamentals then this temporary retrace should not bother you at all. I am sitting on very large profits now but I was sitting on a significant loss here for about 3 years. If I thought this was the end of the story I would take that profit. BUT ... it most certainly isn't. I believe there is much more to come just from Vametco and other Vanadium production, not to mention the huge potential of Bushveld Energy. But again if you have done your research properly you would know all this too.

So either develop some patience and believe in the fundamentals or sell up and move on (assuming you really are an investor.

Hope that helps to put your concerns to rest. If not then maybe AIM is not the place for you..

What did our broker say recently? BMN has made more money for its shareholders this year than almost any other company on AIM. And SP Angel are notoriously conservative.

Regards. Pdub.

Indefatigable you seem to like questions so here is a simple one - what's your interest here?

On 02 December I wrote the following:

"The official position is stated in the RNS of 5 November 2018 as follows:

"Production at Brockham from the Kimmeridge layers planned to commence before end of this year."

And again in same RNS:

"The second objective is to initiate commercial production from the Kimmeridge layers at the Brockham Oil Field which is planned to commence before the end of the year. Angus Energy has the only existing production licence in the Weald Basin. The Company intends to re-enter the Brockham X4Z well to access approximately 200m of interbedded naturally fractured Kimmeridge shale and limestone layers which share a number of characteristics with Balcombe."

As I understand it the company has stated that the time frame has not been altered and therefore I expect production from the Kimmeridge before the end of the year,"

Looks like the company may well deliver on that promise to produce from the Kimmeridge by the end of the year.

Regards. Pdub.

I'm not going to predict a share price or timescale. However what we have learned from 2017 is that this sp can rise very quickly in anticipation of events. Perhaps history will repeat itself, only this time ending up with commercial oil production.

As they say, you have to be in it to win it!

Rodders you are also becoming boring.

Another for the filter list.

ANGS sp is apparently recovering on equipment news. Not going to let your pettiness spoil that.

Latest sp on HL 11.475 / 11.59p.

Rodgers give it a rest.

Looking for commencement of production by year end. Company on course. Nothing you or anyone else says will alter that.

I suggest you look after your UKOG investment on UKOG bb.

Share price moving up. On HL 11.37 / 11.59p Some big trades going through.

Alan that last line was funny!

Excellent post Roscon, and well done for standing up for what you believe in.

Regards. Pdub.

Apologies to the bb for doing whatever it is I've done! I will say no more.

Two actions:

Filtering knuttie again to avoid further clashes over you know who. Sad about that.

Filtering Ophidian because of very rude post aimed at me at 13.43. I am not prepared to accept that from anyone. Disgraceful in my opinion. Sadly I will be the loser as I find Ophidian's input to the bb very valuable.

Regards. Pdub.

Ophidian I will ignore the unnecessary patronising and very rude part of your response and try to keep to the point.

Let me state in simple terms what I understand to have happened:

1. Company wishes to pursue a course of action
2. Seeks advice from Nomad
3. Disagrees with Nomad
4. Consults lawyers
5. Lawyers give advice that conflicts with Nomad
6. Company chooses to accept legal advice
7. Later that advice turns out to be incorrect
8. Whilst a breach of AIM rules occurred the company at the time did not believe that to be the case, following its legal advice.

Ophidian I respect your opinion so I am interested in what you disagree with and why. I hope you will treat me with a little more respect this time around.

Regards. Pdub.

What different reality is that then Ophidian? I take it you disagree with my conclusion about these events?

Thank you for clearing that up Ophidian. I accept that they did therefore receive correct advice from their nomad. Clearly their dilemma was that that advice conflicted with advice from legal. The company made a choice therefore that they believed correct and in the interests of its shareholders.

Whilst it turns own that the legal opinion was wrong, I still maintain that Fortune in his mind did not deliberately breach the rules. If legal advice is taken one hopes that advice would be correct. In this case it was not. Clearly Fortune was trying to establish what the correct position was and had to make a judgement.

Therefore he was trying to follow the rules! As far as I am concerned his integrity is intact.

At the end of the day though they did fall foul of the AIM Rules. They have accepted it. Let's all move on.

PennyPusher you may be correct. However from the wording of the RNS there is a slightly different possible interpretation than they were advised but ignored it.

""The Company's actions were informed by an intent to protect the economics of its shareholders and avoid unnecessary dilution, in a transaction it saw as transformational. However, the Company acknowledges that if it had engaged more fully with its nominated adviser as required under the AIM Rules, it could have met its regulatory obligations whilst also meeting its commercial objectives and the Company regrets the consequent breaches of the AIM Rules."

It is possible that because they did not consult sufficiently with the nomad they (inadvertently) broke the rules. Thus the error was a failure to consult, rather than deliberately ignoring advice. At least that is how I read it. "... had it engaged more fully ...."

Ignorance is no excuse, but I don't see a deliberate disregard of the rules from that wording.

Regards. Pdub.

Knuttie .... please move on. If only for the sake of peace on the bb.