Member Info for Phoebus

even on limit order.

Crude continuing to recover from recent sell off should help with risk on appetite across the sector.

Reckon they will wait till Monday onward. SP rocket into Friday close. WWTBOOTW

I used to think that, but that's like saying a stock is only worth its net current assets. That is not the case. ECO is not worth only 7.75p is it? It's all about potential particularly for oil explorers. That's what we need to focus on to get the appropriate valuation.

In the run up to drilling last year ECO ranged from 66p to 102p. Would any of you have been happy to buy ECO shares at 25p just before the Jethro result? If so go read my WTE post.

Mojolse, my budgie Goldie agrees. He likes UFO. Says it's cheap cheap.

SP rally makes little sense at this juncture. RNS the other day made it quite clear this is as dead as a door nail for the foreseeable and it would be so easy to get spiked again on false hope. Wonder if they've bothered to take the pen drive out of the in tray and put it in the USB slot yet? Maybe next month.

Reason TLW is up IMO is because the oil price has just reversed to the upside after hanging over a yawning cliff.

And it has pedigree for bonanza grades. 120 times richer than South African gold ore.

Or even Bontddu.

You could always take a day trip to Bonddu and have a walk up the pretty stream by the mine. Some great beaches near there.

Warrant exercise as anticipated and now almost all gone at 0.13p. More cash in the bank too.

I couldn't agree more. Most folks probably haven't bothered to do their homework on this one because working out WTE's exposure is a bit 'hard' due to indirect holdings or because they think their interests are too tiny to be of any value. If you work it out though then look at the market cap and then consider this is right next to Stabroek it looks super compelling. OK, oil price was higher, but when ECO was drilling Joe and Jethro last year it hit $3.97/BOE in the run up to drilling before settling at $2.67/BOE just before drill results. Based on Tanager, Bulletwood, Jabillo, Sapote and GV-N drills WTE SP would need to be between 56p and 83.1p to reflect the same valuation per BOE pre drill. Current SP is like buying ECO last year at 25p in the run up to Joe and Jethro. ECO is 22.5p right now and they're not even drilling for some time! Current WTE SP looks a steal.

Filtered Mike.

Namibia farm out? Africa E&P Conference is today and tomorrow.

Well it's certainly woken the market back up again. Buys are flooding in. SP should start to build again from here.

Not me. Still have all my shares. Did a bit more UFO research over the weekend and I'm even more positive now. There will be very few listed companies on ANY stock exchange that have the opportunities UFO does to prove up one let alone multiple high grade silver mining resources and all in the midst of a major silver bull market. This really is the place to be. ATB

That should make the chumps think twice about dumping their shares out boredom.

Very excited about follow up drilling. We could end up with a really large high grade silver mine(s) here.

Excellent grade.