The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Really? You actually use the words going ' for a swim' to mean 'going wrong' with the presumption of your argument being that if POQ takes your advise on a reverse split it could save the company. this is the implication.
Sorry old chap but ime sticking to the gas being defined as the share price driver, not the amount of shares in issue. POQ is very clearly studying the case options open to them, we know the interest in Asia is keen in the world of gas, we know Beetaloo is potentially huge, two centuries of delivery by some accounts.
You have said you have 50 years experience in the financial markets, if you started at 20 that makes you now 70. With your net worth, as you say, at over 160 million that allows you well over 5 million a year for until you are 100 years old.
Spending dosh like that at that age should be a blast, my advice is forget the shares, sell FOG that are clearly vexatious to your spirit, set yourself up with a nice young filly and go racing.
Sorry to have to say it but you sound full of sour grapes. The fact is we are still several months away form when i see the share price rising, that is why we are able to buy at this very low price. Your continues attacks on POQ do good for neither you nor him, the bitterness you show comes, in your own words, from the fact he ignored you, i can fully see why he chose that option.
Being anonymous on these threads allows people to make all sorts of claims, usually like those you have made, people promote themselves, you have given your history to show you have made more money than FOG is worth, why dont you just sell and go?
My take is the Beetaloo is gas rich, will be further explored in 9-10 months or thereabouts but before that share price enhancing news will be flowing when workplans, investment and government plans become further explained. We are currently at one of the worst times of the investing year, sell in May..Go away..Return St Ledgers day.
By September i fully expect to see this share increasing in price and until then i shall be adding in small amounts to increase my holding. Currently i have 320k at an average of 19.5p, i have been here before with shares many times, buying when all others are selling, and getting in cheap for a medium term wait that has nearly always bought very very substantial returns.
POQ and Origin will be giving us information soon that will give us s lead to future works, till then ime a buyer at this price.
Wet Water / Newtofo
Thank you both for your replies to the silly suggestion of a reverse split. I am not sure if the motive for suggesting this is because Poods is American or more used to trading the US markets, but i for one have only seen one good result from a reverse split with many i have seen going badly wrong for holders.
It is, as both WW and NFT have pointed out, the assets that will make this company not some chicanery with the share price structure that is supposed to attract in larger institutions.
In the same way PMO recently doubled and RKH as they got closer to a flagged announcement so FOG will act according to RNSs and perceived timelines to news. Our assets are believed to be quite outstanding....job done.
POODS i have to say it sounds to me like you have a personal thing for POQ, i quote from your own post,
Philip has unfortunately written off my relationship with him, once I started to challenge his strange "bean counter thinking'.
I am not surprised he wrote you off, it is a daft idea that would waste money to implement, moving closer to the drilling is what will move the price.
A heck of a lot of work has gone into this and i cannot help noticing the connection the directors have with finding and financing the buyout of distressed properties in the industry, why have these top rated guys come together to spend this much time if not for a good reason, is anyone going to the meeting on the 22nd i think?
Tomorrow the new shares will trade under the Bark name, does anyone know how these can be traded, just buy via a registered broker as per usual i guess?
Hi Poods, Forgive me for being a little confused, but though you have very clearly said in each of your posts how important were the positions you held in the past, you didnt say in which industry you were. Oil and Gas is a rather odd industry as a company can be valued towards the stratospheric until reaching the stage when its reserves are proven and valued. Valuations can then crash...or rocket, maybe they stay still, but eventually prices per acre BOE are agreed. Dependant on geology, geographic and political dynamics plus a few others, a price, per barrel is reached. Or BOE. this is usually rather easy, or at least in the last 35 years of investing in this sector i have found it to be so, due to global and regional price fixings that give such finite valuations. Frankly your suggestion wont alter the price of FOGs assets one iota, you have said so far, you have held for ten years and have several million shares, a better investment may have been to have bought a year ago for 4p or 5p. What i am saying is Oil and Gas is wild at the best of times, Wet #water is right when stating that on selling, FOG will get a price that wont be altered by any of the dynamics you suggest.
After reading the last two posts i have to say i agree entirely with newto on every point made. I do believe that the idea of a reverse split bringing in more investors, as well as more sophisticated investors is not likely. the mere idea that a reverse split will do this ignores the fact that playing with numbers will fool no-one. POQ, as said by newto, reduced the profligacy of the prior board by a huge amount returning the company to living within its means. What will however affect the share price is time. I well remember when PANR was in this position, a year away from drilling and with little money. As time went by and the drilling got closer investors began to take an interest. However they could not buy many shares as the price reacted swiftly to even the smallest purchases once it was clear PANR was becoming a sought after equity. At 19p many small investors topped up with several hundred thousand or low millions of shares and got out at well over a pound when the drill found gas. The time span when investors are prepared to buy varies with each investor but the fact is not many people tie up money for a year or more before perceived action takes place as that money is seen as dead money. The investors though who do get in early, can buy loads, cheap and in stages as affordability allows. As we approach December ime in no doubt FOG will become a 'share to own' for 2019, then watch the price rise. A few short Months ago you could buy HUR in huge quantities, every day as many as you wanted, just try that one now. As time has closed in on the action so large percentage jumps in the price occur when news comes out of progress being made toward the end game. What the investors need here isnt fancy jiggery pokery with the share price structure, its simply the passing of a little more time and the odd RNS that will become ever more frequent and ever more share price enhancing as we approach 2019. I remember making well over 50k on RKH way back, it had languished around the 17p mark then was 70p, then the rest is history, likewise another 50k+ so far at PMO, you could buy em all day at 70p a short while ago, and in the late 30s early 40s last year, but now its getting closer to its target of increased production. Everyone knew its plan, eveyone knew its time scale but most people were so busy offering advice to Tony Durrant they didnt even own any, then it suddenly started its jump to £1.20 starting at the begging of April and lasting 6 weeks, by which time it had doubled. Again. These companies with really huge potential discoveries move in concord with their work dynamics. Many times i have had to wait a year or half year to get the meat, we still need 4 months of patience to get us to October. By then Origin will be further along its schedule, the Government (NT) likewise, and i have to say, it certainly aint dragging its feet now. I am happy with FOG due to its vast potential, Beetaloo is important to the NT an
good on you Nerves, i have to say i agree with staying on a public board simply because in the past i have witnessed similar small groups starting up but they dont stay strong because in the end people go back to the busiest boards that will be the public boards. As far as anyone 'monitoring' these boards go, so what they can do nothing over what is being said and in any event its probably better they read moans and groans from people so they can do something about it.
Like you i have never had a share certificate but this one just turned up one day after the company had de-listed. On Friday i got onto my broker who tried to find out if the ISIN number in the prospectus was connected to anything he could find on the platform he uses for trading but nothing doiing. Naturally one supposes that after June 26th the EPIC code will trace anything on NEX.....I am actually very excited about this because it links in with all the main players, Clarke has really good hospitality connections along with his historical Majestic Wines which gives him clear links to the Liqour trades. Rupert Fraser has very good Brewery links as well as huge experience in buying up poorly run businesses. Then of course the Chef and Emma Dark with her previous links to the trade they are all now focusing on. Just love the set up, when Clarke talks about 'roll out' he really does understand it having done it twice already with huge success. Duncan Harvey is the whip cracker on site so the team does seem to be extremely capable, focused and ready. What a turn round for our SMA holdings, nice one Cyril.
That is how i read it too, every one should have been sent the share certificate some time ago for SMA and now the name change will result in the new Ticker BBs etc as from the 26th June. I guess then the share certificate has to be given to a broker and then can be traded any one have any idea as to procedure to be able to trade the new number of shares given one is holding the old SMA certifcate?
This is very good for us, at last some action, it all makes perfect sense to get the access to additional pay and clearly we need electricity. Good progress and soon to be mining, dont forget we will start straight away,
Since the moratorium was lifted there has been no real official response from either Origin or Falcon. Sure they have both said how nice it is to see the moratorium lifted but we have had no further thoughts on the future from either of them. This is going to be the first real opportunity we have had to see Origin start on what must now be its long term plans for the Beetaloo. they may not give much in the way of specifics but they should give us a good idea of how their thoughts are going and how they intend to proceed with some outline plans. Also there has been talk of the 5 plays so they may well go further with that one. The most important part i think for me is that they now embark on letting new investors know the story and reach out to institutions to also invest in this pretty huge play. The talk of wet gas could also get some mention, basically its their first chance to talk up the project and start to compare it to others around the world of a similar size, raising investor awareness about Australia's need for this huge opportunity.
firsttimebag I agree completely, AP has virtually told us as in his briefings via the podcasts he has talked of falling costs of mining, more efficient methods of mining, rising production levels, rising quality levels and rising global price levels for our interests. Along with the clearly stunning deal he pulled out with Zimbabwe and now using our I.P. from the diamond data he really isnt hanging around. Mercuria will surely be helping with our case to the Rom Govt but i feel that will be more for speeding things up, the Rom Govt isnt known for speed but they have had a lot of time so hopefully more news soon. As one rogue trader says, this is getting much bigger than BP now, the next quarter production results should get things moving share price wise as once people see all the above points being reflected in increased production and improved sales this will get far more attention. The problem now as i see it is how to get the money to buy more.
dprussky Thank you so much for posting your finds, it is so morale boosting, esp[specially with this stupid share price, to know for sure the Federal Governement are taking a hands on interest. There are really two messages here, one is that they are happy to support the Regional NT Govt with money for actual implementation of the NTs side of responsibility in connection with Justice Peppers report. The other is they clearly are not going to stand by and let local politics or incompetence impede the Beetaloo contribution to the National situation. It shouldnt be too long now for our seller to vanish.
I think its only fair to remember that AP has only been at the wheel for 4 months. In that time he has achieved a huge amount. He took over a bombed out company that looked good for the knackers yard and has injected a completely new feel to its whole entity. His production numbers are simply great, his tactics in buying close to production assets as knock down prices, 25 cents to the dollar for this latest is truly excellent. Every part of the company is now performing at or above expectations, the next quarter production figures are going to be very impressive. The market takes a long time to forget, i have had shares previously bombed out for one reason or another, but if you can get in early when a top quality CEO comes along, you can make out like the proverbial bandit.
For sure we all wanted and expected it to move up after moratorium lifted but to be fair it has moved up a fair bit, investors will be watching but it is an institution or two we need to really move the price and they have to be looking at it right now because of the huge size of FOGs assets. They will be buying, its just when? Ime happy to wait i dont think it will be all that long, its a case of the first one to blink, Beetaloo is too massive to ignore.
No need to have faith anymore, its fact. The papers will carry this news, no doubt about it, this weekend they will carry it for sure. The Beetaloo is far too big to ignore and the local interest in Northern Territory assets from China to Australian BIG companies means this wont be off the radar for long.
Great news from the NT and from Origin. Congratulations to all on this board who have been so helpful and informative over the last couple of years. We deserve a good week ahead as news of this sinks in, it will take time. If you look at the ADVFN thread, until a short while ago it was empty, FOG has hardly any followers. That is about to change.