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GRH
Really sorry you feel that way and it's a real shame for the rest of us that you've decided to take that course. I was quite enjoying your recent style of poking fun at the trolls.
Thank you for everything and I'll continue to look out for your tweets. I hope that you do come back when we reach a new level.
GLA
Fair enough Oily 👍
I guess that's the trader's mindset in a nutshell, keep looking for the quick 10%s.
Too tiring and time consuming for me. I'm looking for the bags and you only need to find a couple to transform your portfolio.
Ah go on Oily ...I'll take a nibble but only because I like you 🤣 on what basis do you draw that conclusion? Charts? Gut feel/experience? Reading tea leaves? Or reading between the lines on GRHs recent posts?🤣🤣🤣🤣
More seriously though you could indeed be right IF there is absolutely no news between now and month end...which I consider unlikely btw
L10 wanted to see a placing to fund a drill. His angle was a leveraged trade on the run up to spud regardless of fundamentals, contingent resources or anything else. I suspect hes gone to spread his vast superior knowledge on some other outfit.
Lol. You're sure on the money there. We all saw a placing coming but I bet even you were surprised at 11p!
Reading through the posts over the last couple of days, it has amused me how many captain hindsights have announced they called it. I suspect where most did get it right, it was more luck than skill. Unlike my last purchase....(honest)🤣🤣🤣
Thanks HH
I prefer to view it as being a complete visionary with jedi powers of deduction. Much like some others on here like L10, JH, OF and sirmark.🤣🤣🤣🤣
The other saving grace is that L10 didnt get what he wanted which was another drill. So I guess he's out for now.
So your reference point is a couple of random whackos on advfn? I very much doubt they're insiders...
Funny that someone on there has a similar style to you and also loves OJ. Calls himself cat33....must be tiring managing all these alter egos?🤣🤣
The bottom line is does.anyone sincerely believe that this asset wont be monetized for anything less than many multiples of current price?
If so they should short away. If not, then hold on tight. Not long to wait now .....
Never invested in GKP so cant comment on that.
Although I suspect others were investors then and may have something to add to the debate? I suspect you're taking a very narrow view as we all know that SPs rarely go up and down in straight lines. I'll be surprised if it was actually that stark...
Fair point oily
But your assertion is from a point of a lower contingent resource valuation starting point.
Flow testing now will invite bids based on what we have to date not what more we can prove with one or 2 more drills
My take is simple. When allocating scarce amounts of cash you weigh up what is more value accretive in spending that cash. Increasing contingent resources increases the size of the ultimate prize. Flow testing speeds up the disposal process.
Hi L10
Its addressed to you. YOU asked what was nonsensical about OJs note and I obliged with my reasoned analysis.
I dont care what the official OJ thinks and also have no inclination to start up my own subscription service 🤣🤣
As an aside theres loads of good people out there offering such services. Ones I like tend to offer up potential case studies for further research and also ask for bear and bull case views. I found OJ very singularly one dimensional, I'm afraid. Interesting reading though. And every day is a school day.
Good luck with your trade tomorrow
😎
Hi L10
Thanks for sharing your reasoned analysis of PRD. I can see you were busy last night typing that up, so it is appreciated. 🤣
Contrary to what you may think, I do fundamentally believe that investing is a broad church and theres room for all of us whatever our strategy.
FWIW here is my brief critique...
You will note that I have not described it as well reasoned. The reason for that is that trading and leveraged trading in particular is very risky and you dont mention that. Dont 80-90% of people lose money when they do leveraged trades?
One of the weaknesses of the LTH approach is knowing when to cash out at the top. In PRD, this is reduced because management are only interested in proving up and selling on....meaning special divis and that decision is made for you.
I'll trust that decision because management have significant skin in the game and it's not just about making a few quid for them. They could put the for sale sign up and cash out now if they liked for a fraction of the overall value. No, I believe it's more a mission to them and a bit of a 2 fingered salute to the ruling O&G elite, which I quite like.
One of the other criticisms of the LTH approach is that people always get stung when they are greedy. I respectfully suggest that this also applies to leveraged traders too. In terms of my PRD investment, I have accepted that I will be happy with whatever value they realise, whether it be 40p or £4 or £11.50 per share.
The other thing that bugs me is that if OJ is sooo successful at this and he is a seasoned experienced professional investor, why is he wasting time scooping up £20 pm subscriptions? I'd expect him to be a billionaire now and have this franchised out 🤣🤣🤣
So in conclusion:
1. I dont have the time, inclination or risk appetite to try out leveraged trading
2. I believe better gains are achieved by simply waiting and seeing what transpires and making evidence based decisions where needed
3. Sadly, it's a no from me to paraphrase Britain's got talent. I wont be subscribing.
GLA
Hi L10
On reflection I think you're onto something. I must indeed be thick.
Please do enlighten us with your unique razor sharp analysis and insight. 🤣🤣🤣
If I'm impressed I'll sign up to your service...
As they say, every day is a school day.....
Hi mk111
You wont get a response from L10. I filed him as disingenuous yesterday and today hes gone and proved my point.
Judging by the number of recommends his post got suggests hes operating in his own echo chamber. 😉
Hi MEM
I'm really surprised I have to spell it out but it is an entirely private matter for GRH. We have no right to know and in my view it makes no difference to what is in the ground at guercif.
I wont be making any financial decisions based on whether GRH is an insider or not. I'm accountable for my own actions and decisions. So should everyone else be.
Oily made me chuckle when he suggested it was like asking bruce wayne if he is batman. On the money for me.
GLA