Member Info for RoJo

Warren Buffoon certainly qualifies for December's PotM already.

Warren - surely you're not still expecting April production !?

Nuts !

No surprises this month.

In 3rd place is Tanz for his constant inane questions.

In 2nd place is smudger as he adds nothing.

In 1st place is of course stuart as apart from contributing nothing, he simply makes derogatory remarks about another poster.

Congratulations stuart !

BREAKING NEWS!

November results are in.

The triumph of hope over reality Tanz.

Yes Tanz, I did see that. No shortage of 'hopeful' posters. No, I'm not one of them.

Meanwhile the SP languishes...

Only a couple of days until November's Plonker of the Month result Stuart.

No prizes for guessing that you're in pole position.

Prosciutto, no vacancy sadly.

There's a queue stretching around the block...

BP - the simple explanation to your question as to the cause of the "downward price action" is that there are more sellers than buyers. Why is this ? A variety of reasons, but it is important to note that the 'optimistic/positive' views of posters here are not representative of the views of potential buyers in the marketplace.

There are so many elements not yet understood. There is gas there, we don't know how much, we think lots. How much is extractable, how much it will cost to extract it, how much will it cost to get it to market, how much could it be sold for. Would we make a profit. All unknowns. Even if the answer to these questions are favourable, this is in the future. Virtually nothing has happened - no rig, no pipeline. Just the 'intention' to seek tenders for site clearance etc. Getting gas to market is a long way off. Many potential investors will think there are better opportunities elsewhere.

Hopefully somewhat different to the ignari stulti who normally populate this board...

You seem to be a nice bloke BP so I will respond to you.

Before I do though, can I please ask that you acquaint yourself with the laws of supply and demand ?

No OGn, it's not a pipeline, it's a pipe dream

I would have thought its clear BP.

What don't you understand ?

I do of course understand that, but it is also true that the Market looks to the future.

If the Market was confident that Aminex was soon to embark on a profitable venture, the SP would not be where it is.

The Market is not convinced, and nor am I. We'll see.

Longer lead time ? Are you kidding ?

How long have we been waiting for Aminex to put a spade in the ground already ?

And we're probably still years away from a whiff of gas ...

Well Aminex and Cove must be very different animals !

Nobody is offering £1.2 billion for Aminex ! (nor likely to !)

I'm afraid you're wrong old timer. It's not worth much in the ground. If it was the SP wouldn't be where it is

It needs to be extracted, brought to market and sold for a profit to move the SP

Well , the asset may (or may not be) huge, but whichever it is, its still in the ground!

Looking like its going to stay that way too.

Down again!

Are you sure you guys know what you're talking about ?!

You would think, assuming all the news is as good as you think it is, that the SP would have benefited, but no, it hasn't. Down again!