Member Info for philpot1001

A few whopping sells too widening the spread

Something doesn't add up, seems like the ask has moved upwards on minimal buys, unless there s a whopping hidden buy somewhere. Not that I'm complaining lol

One things for sure, we were asking ourselves why the Chinese investors weren't topping up at low prices..... they have used their inside knowledge (IMO) to buy in at the lowest possible point, days before the formalisation of the panoro settlement. Proves they have great belief in the companies value, and that's based on a higher visibility of the company than any of us.

In fairness 2p is close to tripling my money.... I bought in pretty darn low, and my philosophy is be greedy on the buy in prices, but not too greedy on the sale prices..... "if" it gets to 1.7-2p I'd probably sell all my profit and leave in my original stake "forever" as that's a no lose scenario ..... here's hoping folks! Happy New year and then some :-D

Well my mrs always says I'm cheap, so wouldn't want to disappoint her

If they want to take over the company they can have my shares .... for 2p ;)

seems to have bolted up to 9.5p today off the back of not much activity

ahhhh just seen the RNS, glad I topped up sub 0.6p now as it was looking a little shaky there for a while :oD

Holy mackerel! I'm in profit!! What happened lol, is this the completion of the debt conversion or something?

I've been in with NXT at 4000p and 3650p and sold around 4400p made good money there, even got some divi, anything sub 4100p theŕe is gold IMO. With retail on shaky ground it could see my buy in target again. BT is unclear, due to that id hold off unless sub 265p. I'm already in with BT and under water at present but not too concerned with divi I'll break even soon anyway.

Hey FK nothi g too exciting.... was eyeing up NXT but it bounced before I got my target price. Contemplated topping up with BT but again didn't fall to my target priced and has seemingly bounced. Heard CLLN have potentially had their covenants test shifted by 4 months so that could be a ballsy play... "If" they can source significant money between now and then they could avoid a default on debt and avoid D4E, that = 35 - 40p SP in my book.... but of course they could still fail debt test and SO could fall to 12p. That's a pure gamble

SO wants to raise the money at as high a share price as possible, more bang for his buck, it's debatable how much was his salesmanship and how much was forcing of market constrictions/ liquidity that convinced the debt holder to convert at 0.8p. What's not debatable is they will have much more information than us, and they expect to make a profit from a B/E point of 0.8p. Do the math ;) My guess is a combination of oil flow rates, profitability at those rates and I personally think they've also seen the gas CPR. .... again, that's all conjecture though and I could be way off

yeah I saw that today - and Bovis shares were UP last time I checked today lol, just goes to show you the market is a crazy place.

It is a bit of guess work but we concluded the MCAP here is something like half the value of our OML stake if it's producing 7000 bpd..... SO there's your value right there FF. As Jim says patience (and balls of steel) are required in shares of this nature, but to give a fair balanced view, these things don't always work out.... my opinion is it will be ok, but it's just my opinion

Join the club Fastfood, its just guess work until the numpty gives us some clarity on data and results. Investors do not like guessing / punting hence the low SP.....as soon as we have some clarity I think things will pick up....assuming the clarity doesn't show any nasty surprises.

....assuming I don't blow it on other opportunities elsewhere, got my eye on a couple of others, ill take my time and see what happens.

nice to see some buys coming in again - even if its still being met with some selling to offset it. Ive free'd up some liquidity from other investments that finally came good (ish) so if this falls back sub 9p ill be waiting to slurp some up (already bought in 9p range post Q3 results).

https://www.constructionnews.co.uk/companies/contractors/galliford-try/galliford-try-wins-40m-durham-university-job/10026434.article

Fastfood I think it's actuallý more than that, a couple of estimates / basic calcs had us nearer 7000 bpd from memory (albeit yet to be proven in formal results.... as usual)

If we can figure out the debt source and it was part of CAPEX development costs(rather than spunking it upnthe wall) I think that changes the perspective back to strong positive.