Member Info for PeakyBlinder2

I draw some comfort in the fact that EOG and Egdon had a similar farcical experience. On appeal they over turned the decision and recovered costs.

For us long term holders (5 years plus+++) is this a great opportunity to get in with news on the horizon. Or is this another head in hands moment on its way and just stop putting in more £.
I am on the verge of being officially mad - " keep doing the same thing and hope for a different result " sentiment.
Do I risk one last time. Im sure I said that last time!!!

Today , at last, dividend has been paid - Barclays stockbrokers.

Some of you are either very lucky or full of the sticky stuff. Barclays still have no clearance of the divi to pay customers.
I will throw in my usual comments on Barclays, slowest of slow, oil tanker. My opinion not LSE's. That's said I would be astonished to get cleared funds this week.

What did is say with Barc - not cleared with me yet? Told you next week.

The can see it. They have it but processing is like turning a tanker. From my experience prepare yourself for it to be early next week.

If you scroll down to a post I sent over a week ago from memory I warned that it will be the brokers that cause the delay not the company. I have no issue pointing out again the low and behold Barclays are last to sort the payments. This is nothing but admin inefficiency.
One conclusion this has led to folks....what institutions cant be arse* with this in terms of hassle. Which helps explain why more did not jump on this.

I started this today so better put a further two pence worth in. I had a share called Stellar Diamonds, I wont bore you with the saga, but lets just say from that experience it is stockbrokers that cause the issue. For example, lets say the money comes into Barclays Stockbrokers for 275 share holders with x shares. The money comes in one pot and needs sorting. That could well be the delay. It might be the company we are invested in, but from that experience 75p of my last £1 is on Barclays, in my case.

Barclays S'brokers I find are notoriously slow. Has anybody had divi cleared yet?

Another way of looking at it perhaps. Why would investment houses buy shares if bad news on the horizon?

Lets hope if we do have more good news they can hold onto it until the share goes ex dividend. Obviously remaing "above board" at all times.
Im not a huge chartist fan - but is this share not heading towards a very interesting break out point around 26p?
Sorry if that has already been mentioned.

That guy has cost me a lot of money, in my world. However, until oil moves back up May / June the hedge on 50% of the production, all be it three serving spoons and a wet cloth of oil, was in hindsight inspired.

That's all im going to say about thaaaat….hic

Totally understand the question. No need to justify, I get it.

But …..why does it bother you? You are not a US taxpayer, voter.

So do you want the share price to go down? Don't you want this project to work?

Why come on to a board, which is likely to have shareholders, future shareholders on it to say that.

I repeat. I get the point but so what? It does not change your life one iota .

Yyyyaaaawwwwnnnnnnnnnnnnnnnnnnnnnnnnn

I never seem to time these things very well. But I have sold 75% of my holding this morning. I bottled 100% as I will have some scant consolation should it rise again. I have a fair bit of headroom to b/e should it fall. What a turbulent ride it has been.

After taking time to reflect on the RNS and calm …….I think we can at least say -
1) It is now 100% confirmed why our previous leader was ousted.
2) Has the bad news been put out as its getting closer to his replacement being announced and or restructure.
3) Therefore the replacement has rid of the bad news pre joining and each week is closer to W commencing.
4) Self analysis - Why like no other share I have held do I persevere with this? What is it.? Why have I given this 10 times longer than anything before it. This started for me over a decade ago. Pre Hugh. (do I need help!!!!)

Just a few thoughts on a very fair assessment of EOG. Please forgive my slightly cynical undertone with being invested here so long.
1) Beware of the "company maker". I cant tell you how many times I have hoped this phrase would turn into reality and how often it has been used.
2) I agree with the cash position. So any good news should not be followed by a requirement to raise funds that happens so often in this industry.
3) I worry about Inishkea as surely Hugh would not move on or be pushed if imminent.
4) By contrast Morocco maybe under valued as should the research prove positive, I don't think the same red or "green" tape, if you follow me , will apply.
5) A conspiracy theory to end. I wonder for Hugh to go quietly, but stay within the business if it could just possibly be takeover linked? Yes, its more likely it is just time had run out or another opportunity has arisen for him, personal circumstances etc etc... An outside chance just could be a takeover where they don't need duplicate hierarchy and the aggressor knows the industry ?

you sure that's not a combination of assuming Wressels success and a new CEO that the city likes. I can see that.

I don't tend to participate much with my views. I am a long, long time holder. Pre Hugh etc. At least three / four share placings etc. Romania (I think from memory) certainly French gas project. I know Tacuma and Tovoc have been in a long time.I only put this so you don't go "radio rental".
Hugh has done very little Wressle wise so why give him that. The Farm in, please don't get me started. I have said for a while he was an excellent geologist in a suit. I love the conspiracy theory of Dream on but I feel the name is right, I hope in wrong. He was pushed most likely based on OTF points. Hugh was given a fair bit of time.

I with you. As a holder of a similar time frame, many placings and periods of frustration linked especially planning, we can only hope. I do hope the Moroccan interest is completed soon as the starter for ten then the Irish planning confirmation. Surely then that rubber stamps the potential farm in. Trying not to end on a negative but a cautionary note you and I will have had such optimism over a decade ago. Those heady days of 40p and so relatively few shares in issue. Fingers crossed.