Member Info for Ponkey

Spreadman v sorry to hear your news. sort of emphasize as lost a mother and aunt to C and in fact personally today got another year reprieve from my bout with the disease 3 yrs ago. on the flip side fractured my coxxys over the w/end.

On sound true to my posing over the w/end added 70k first thing as a no brainer imv but what do I know.

Bula by name b...shit post by nature-member since Saturday-where do they come from?? Please let us die or flourish in peace-101i bibibi

I posted my thoughts on the valuation of the “company” at any LE scenario and why I thought the current price of 10p grossly undervalues the company whose sp has been decimated by sentiment and illogical behaviour.
Buying at 10/11p, IMO, will turn out to be akin to taking candy from a baby which is why I will continue buying next week unless new news dictates to the conterary. Each to his/her own-GLA

How very kind of you to share your thoughts, you’ve obviously researched this company thoroughly to give such an in depth insight...now run along-room 101.

imo at £1 the sp was driven by hype and sentiment

Prudent,totally agree.I have been banging that drum for the last 2 days but probably viewed as a fantasit for saying 50-100p. I looked at it slightly more simplistickly:

T5 horst etc 30p
10pct of 20tcf (mid range) 2x47.5p=95p

Now you could argue that the 20TCF range is pure conjecture but then I have not allowed anything for seismics/drill points identified around T5/Sidi potential/GSA/Bot/Feed so whatever way I look at it 50p seems a steal. Also if you get a foreign interest (Russia/China)? then perhaps they would pay a premium to get "In country" so to speak.
that is why I am cautiously buying here-perhaps easier for me than others as am still in profit at this level-just.

thanks and bibi

From JP

All staff and Directors (actually everybody) are prevented from trading if they are in possession of non disclosed price sensitive information. This is the normal process. The rules apply to specific information not generically to the marketing process.
James

Eric,sort of my point really I'm no mystic meg just trying to make the point that just because right now there are sellers at this price doesn't mean any offer(if there is one) will be at this price.

Oh really, I would beg to differ in so much that the price is driven by many factors not least buyers and sellers. ATM confidence in some quarters is shot to hell and a lot of people who cannot see value in what we have got(rightly or wrongly,who knows) are pretty much dumping stock trying to preserve some cash and I for one would not critize-not my money, but to argue that the current sp reflects a potential offer is just plain wrong. this sale process is not like waiting for drill results where the potential for leaks abound but a close knit series of negotiations behind "closed doors". it seems to me that all this outpouring of grief and we are only worth the current sp is self pity and bears no relation to reality. I am not saying all you doomsayers are wrong ,of course not,just none of us know.

get a grip. if we are not drilling TE11 and are cutting back on admin cost I reckon at 14m we have the odd year in credit. And err if 2 buyers want some new hydrocarbon exposure they may just have to pay for it....as it is none of us know what price anyone will pay so pure speculation.

Well I am probably a lone voice but I think this(if it comes off) is the best option available out of a sh..ty situation. IF we find a buyer and IF we keep SM then hopefully we will farm out meaning the proceeds of a sale will come to us not the expo of SM.Of course I'm gutted at how things have turned out but still actually see a light at the end of this winding tunnel-if that's possible.

I am desperately trying to find a saving positive, apart from those mentioned below but has anyone noticed to relative low volume. I would have thought after such dismal news the volume/sell off would be more?

Bummer...feel really sorry for those that have lost here. Personally I am gutted for lost aspirations as I actually believed had found a "good" AIM company. I hope we sell the company for 30p as not sure I have the stomach to carry on here after so many years but that is just my wish. For all nice people on this board good luck with whatever you decide to do.

Without wanting to seem arrogant I'm beginning to wish I only had 9k invested but respect your comments and good luck-101

PNE79 after all these years everyone has their breaking point and Alcatraz has finally done for me....lol. The next rns I want to see says one of two things. No commercial flow ,it's all been a big mistake here's 40p and a bag of popcorn or commercial flow,strat link,paleo bonus and here's some quids ,no popcorn but please do marco and I a favour and buy some Echo/Coro.......yup I've lost the plot and the men in white coats have been called.

Tried to buy 25k at 17.5 when offered at 17.46, got nowt, withdrawing it now as 48k bid in front of me. point of excercise is to prove no volume and sp being dick..d about.imo

Hopefully will not matter in the grand scheme of things but L2 following last weeks pattern....sells mounting up with few buyers. Thankfully last weeks big orders not appeared-yet- and volume meaninglessly low..he ho roll on LE at whatever price,seriously bored now.

Cheers med

Very interesting Medi111. I use LinkedIn, anyone of any importance that you spotted on the move? Confess to not being the best at using that tool.....