Member Info for PortfolioPower

Been a rough year so far for AIM shares.

The AIM all share index is now down 20% from its February peak.

AIM is down 45% from its September '21 high.

Things like HZM where £200m of shareholder's value is wiped out in a flash certainly don't help

The AIM index has recovered 3 times in its history from lower levels than today and gone onto do 100% moves higher.

After the dot com boom

After the 2008 Global financial crash

After covid

It's heading down and will rebound again at some stage after whatever you want to call the present 'cost of living crisis / interest rate adjustment/ inflationary petiod' war in Ukraine period.

Hard to call the bottom on these things but the one thing that never changes is that even in bear markets you still get individual stocks who will buck that trend and go on a rip when value reveals itself to the upside.

Proper Falling knife stuff atm.

Continuing their fall out the gate.

Negative market reation to results RNS

RNS - Heritage licence approval is signed off for their Iron Ore Project.

Kev,

Seems to be par for the course on these really big AIM discoveries.

Didn't think it would take too long for someone to start posting it on the HZM bb that HZM is now starting to look a bit like the SXX (Sirius Minerals) fiasco which was that UK based polyhalite mine that sucked in loads of AIM PI's only for the company to be sold at a fraction of the former SP to Anglo American as the costs to produce sky rocketed.

My comment about HS2 was very mich Tongue in cheek but when you look at the facts it is costing Anglo £4 billion to build the 44km underground tunnel for their mine..

That actually looks cheap compared with the estimated 100billion+ the government is spending on HS2.

Maybe they should have awarded the contract to Anglo and asked them to bore the tunnel underground for the full route :-))

Probably could have done a JV on the mine at the same time :-))

I like Crux, the don't do the puff piece interviews and tend to ask the questions (sometimes difficult questions) that investor actually want to know.

They have just in the last few hours released a video for KAV (Kavango Resources).

It's already got nearly 2.5k views.

Think LW is in KAV

Yeah, noticed that poster mentioned 'heritage oil' over on the He1 bb.

Think it was them who did the drilling at Rukwa for hydrocarbons over a decade ago.

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Re TRP

The rampers have had a ticking off.. lol

Don't want to set anyone off down a rabbit hole but wasn't part of your Rukwa licence drilled for Oil and Gas about a decade ago?

If so, is there potential to encounter hydrocarbons once you start going down below 700m and beyond?

Be interesting to see if it can break the 0.4 levels

Looking like this is turning into yet another AIM case study to add to the list.

That poster TornadoTony has taken a big hit over the past week....

He was seemingly selling out of AAZ on the lows

(AAZ has since risen 60%+)

He was extolling the virtues of HZM at 125p

(HZM has since fallen -60%)

Usually best to try and clear your head and take some time out after things like that as the temptation to over trade to try and instantly regain losses can lead to further mistakes.

There is always other opportunities further down the line.

Stehen Westhead, Vice President, purchased a total of 51,002 ordinary shares.

Following these transactions, Stephen Westhead holds a beneficial interest in 286,002 Ordinary Shares

The bid hit 50.25 a few minutes ago.

That's a Serious haircut for someone.

Tro,

Starting to to think all the goings on at Jay are all just a little bit too strange,. just keeping an eye on it from from the sidelines for now.

Didn't realise that the track alone was over 100km in length.

It's not like HS2 where they can just cancel sections.

They are fully committed to seeing this one through to completion, so I guess the Financial backers will want a massive discount to SP to put up the cash which is why the SP is being crushed.

Not nice if you were already invested.

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Re VAST

Looks like what someone posted two weeks ago is playing out. Can't remember who posted it, but they said something along the lines of the debt would be rolled over and extended for a chunky fee and that a placing would be incoming to raise the necessary funds to pay the lenders arrangement fees to extend the debt.

Watching to see how it all plays out.

Yeah, that's right Dai, you'd have to severely write down the value of paradox with the drilling operations in their present state of limbo.

All can change of course but until the money for the necessary re-drill work is in the bank there is a lot of uncertainty.

I like CH and think he come across professionally and the non operated acquisitions have all proved to have been shrewd purchases that were mostly agreed when the price of oil was much lower and the debt financing secured on decent terms.

He won't be able to repeat that trick now as those types of assets have rocketed in value and the debt market is a lot more expensive so they really need to bring paradox in without any more hiccups or cost overruns or incidents.

I always slightly worry when you hear any CEO start talking about new methods of hydraulic stimulation to increase the potential hydrocarbon recovery as it tends to suggest things aren't necessarily straightforward although these types of issues can arise with any type of fracking.

If this had happened in the UK there would have been a gang of purple & pink haired doc Martin boot wearing eco mentalist throwing orange paint around and glueing themselves to the nearest tree.

Don't think there are many trees around out on the Utah plains.. lol.

Dai,

When issues with the well come to light at this very late stage in the game when holders were looking forward to moving into production I'm not surprised to see the SP take a tumble.

I can't really see their insurance company coughing up for the cost of a new drill or side tracking.

They have probably covered the costs to ensure there is no environmental damage and any costs of clear up and containment. But deep down I suspect ZPHR will now likely need to either raise cash for a new drill or sit on hands for a fair while until cash reserves can be built up from the non operated assets to cover the cost of further drilling operations at Paradox.

Bit of a nightmare really as all was looking good at the start of the year and today's RNS just confirms there will be further delays.

CH needs ro put a further update out to market imo. Some grant funding would go amiss if he can get it. If not,then probably a capital raise at suspect they are presently fully borrowed against their production assets with little headroom to refinance the existing debt so needs another update on how they are planning to fund the next drill.

Even Papduke who has beeb a loyal supporter of ZPHR for years seems pretty down beat after today's update.

Maybe TP have started to see if they can drum up some interest?

Looking for around 100p+ on decent updates around production numbers.

I posted some info around their prior year financials on their bb around a year ago on the last run up from 60p to 120p and if they show indications of moving back to hitting those levels again the SP should recover.

Yeah Dai, I am in

Someone else has even beat Tro to posting the proactive link over there :-)

Think you guys are busy with He1 atm so wont post anymore trading ideas until after the drill outcome.