Member Info for Phoebus

As I said the other day why would a loan note provider hold £10.25M worth of stock in a wildcat oiler through an exploration drill? They wouldn't. They will want to get out BEFORE the drill result and this £10M does exactly that. BPC would then have sufficient funds WITHOUT the loan note. Makes perfect sense and I kind of expected exactly this.

I think he was correct then and is correct this time too.

Optimism or hope is never a good investment strategy.

I never said it was down to Trump. You implied markets were unstable under him yet the unprecedented rally under Trump proves they have been far from unstable.

Very naive of you to assume we can't have a recession in next 12-18 months or that Dems will will next election.

Looks like SP is forming a bullish rising triangle with breakout at 4p.

More stability to the markets? US markets have gone parabolic since he was elected. Just lookat the NASDAQ.

Chances of global recession over the next 12-18 months are very real and any one with common sense would at least consider the risks. Longest bull market in history, yield curve inverting yet again, Baltic dry index eating dirt and now Chinese crude demand dropping by 20% (3M barrels per day). Blithely ignoring these risks in assessing the appropriate level of exposure in shares you intend to hold over the next 12-18 months, particularly AIM shares with no guaranteed catalyst is a bit wreckless IMO, but it's your call.

The longer we have to wait for drilling the higher the odds of a global recession and stock market crash in the interim, which would hit all stocks hard. Not guaranteed to happen this year, but markets do seem to be growing ever more weary particularly commodies and commodities stocks which are rolling over big time. Notable exception is precious metals, but they also suffered the same fate in 2008 when things really got going, so unless the dollar implodes I'm not certain they will escape this time either. A crash in 2020 is definitely not a certainty, but is an important risk to consider IMO especially when deciding on your portfolio exposure over the next 12-18 months.

Consolidation was a good thing. Expect this may move to 5p on next leg. Good chance it may be in the next day or two.

Totally agree. Always use color myself and a few other US spellings. You should see Japanese orthography though. Multiple ways to write pretty much every word and no prescribed standard.

Refers to Jethro as 'high sulfur oil'. No mention of actual sulphur percentage figures though and nothing regarding Joe. Table on p35 has most likely API of 12 for Jetho and 14 for Joe.

Founf it. Search for US spelling sulfur and not British sulphur.

A quick automated search for sulphur in the CPR gives no results. What page is it mentioned on IJWT?

https://www.ecooilandgas.com/wp-content/uploads/2020/02/AIM2020CP-ECO-Orinduik-report-Feb2020.pdf

from the Iran general spike highs.

It certainly looks like we're about to get a second shot at 4p after the inevitable shake on first attempt. Good chance we break through second time round. Plenty more folks will cast their beadies over this during the weekend.

from an hour ago.

Loads of red trades are buys again. LOL.

Silver grades of 1,489 g/t and 2,851 g/t for example:
https://www.mining.com/endeavour-silver-hits-bonanza-silver-grades-at-its-mexican-san-sebastian-property/3233/
https://resourceworld.com/metallic-minerals-drilling-hits-bonanza-silver-grades-keno/

No counter argument? Can't play the ball?