Member Info for RussellSprout

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That's a nice but just gone through.

I am a big fan of Josef Schacter - early last year TXP made his Top Picks on two or three occasions. His sp prediction was 50c short term and $2 over the cycle, but, that with drilling success it could be anything. He has taken a bit of a slating because some of his tips have performed poorly, but that is because of the Canadian market as a whole, which has been decimated. Hence, he is a bit reserved - he is a holder and that is good enough for me.

Others have talked about Shell coming in and trying to pick us up on the cheap - I cant really see them acting without the approval of the directors, as it would upset the applecart too much. I hope there is no offer until we have proved up Chinook and Royston and then we will know something like what it is all worth.

My opinion only.

Also, I believe in a hostile takeover situation, the offeror would go directly to the shareholders, and bypass the company.

But this is all irrelevant at the moment - we have a fantastic asset, with plenty more to come over the next few months, then we will all see where we are. Bring it on !!

You are wrong in your comment about takeover. Its ludicrous to say that a shareholder could get to 30% and then we would all have to sell at the highest price over the last 12 months.

If a shareholder gets to 30% of the shares, they are obliged to make an offer to take over the rest of the shares. Its up to the remaining shareholders whether they accept the offer. There are plenty of companies with a majority shareholder over 30% (I think the shareholders have to agree to a majority holder owning more than 30%).

This is a game of patience - they know some will get bored and decide to sell up and move on to "greener pastures", so dropping the price now and again causes a bit of panic, and tempts some to sell up.

Ultimately this is a long game, but the rewards look to be very substantial, IMO, so best ignore the daily fluctuations.

Remember what you own, and why you own it !!

The original message was " I wouldn't be surprised to get liquid test results just before Canada opens (which is 2:30)".

That was never likely to happen if Paul is in London at a conference.

Yes exactly, so he's not going to be typing out an RNS.

I would doubt it if Paul is in London at the Oil Conference, but what do I know.

???????

Are you on the right board Garnheim ?

Ha ha !!

You're a wicked man Trek.

Correct.

Some nice buys going through in Canada and nudged the sp up to 52c (30.5p).

Hold on to your golden tickets !!!

Is today the day we break the "30p" ?

Whether North sell into the rise is neither here nor there - there will be people buying in for the "story" and there will be others taking their profit and moving on. What we really could do with is institutional buying, but that is probably unlikely in todays market.

IMO abut half those "sells" are buys -hence no sp movement all day - had they all been sells then the sp would have dropped. They dropped the sp by 1/2p about half an hour ago looking to flush out weak holders - picked up 4015 shares and dropped it again.

Long and strong, long and strong !!

I'll keep my money here thanks.

TXP are proving up zones that were drilled successfully years ago and have the results and the data. Its not "if" but "how much", and so far looking extremely exciting.

BPC if they hit will be mega, but don't forget they did had an exclusivity agreement with a major some 18 months ago and ultimately they decided to walk away.

I have bought into drills and lost in the past, namely Namibia (CHAR) and others - my startegy is to wait, lose a few percent but not my shirt.

Up 8% at 50c. One or two chunky buys, 1 at 91k shares at 2 @ 48500.

We seem to be off to the races again.