Member Info for Sageman

Gas prices back to 122 per therm up from under 100 a week ago....

Art spent circa 400k at an average of circa 20p. A substantial sum out of taxed income. I despair at the SP but still believe that ART was not bordering on insanity when he made his purchases and therefore hold in hope.

No Shares Patel, what is your reasoning to encourage people not to buy....shorter!

Well said Ham. I am a LTH and bought for the welsh gold (luckily with a 0.1 B/E after trading so I am relaxed). The silence from Wales is deafening.

Big, this is not priced to go bust. It was during Covid when I bought my 1st tranche at 7p though. We are in a far better position now. Commodity prices are falling which will lead to increased industrial activity and oil in particular rising due to increased resultant transport needs. In the words of Catherine Tate "I am not bovered". GLA DYOR

FWIW my B/E was progressively reduced from over 8p to circa 2p. Trading means I hold 20% of what I once held. I am thus very comfortable, yes underwater but believe 3-5 is doable so all good . I am very annoyed with GL, especially the misleading comms and delays. But given the probable 3p plus exit I am relaxed. This is now 0.25% of my portfolio so yes I have skin in the game but am not balls deep and can afford to be neutral here. Looks like the company succeeds despite GL..

Good post Push

I cross my fingers for the success of the sidetrack but watch in dismay as the price of gas fell 11% today. I hear what you say Push but GL is over a year late and has cost LTH a fortune due to incompetence. People can check my posts. I said there was a limited time window of stratospheric gas prices during which we could pay down debt and have been proved correct. The £1 party turned into the 3-5p party. But still good for new investors.

Shares close to annual low but our book remains strong despite cut in dividend. I sold at 30. I have just bought back in again ( my first tranche, when shares are volatile I spread my purchases). GLA

You really have to hand it to SS aka Billy no shares the great diluter and destroyer of wealth. He never fails. Look at the sp over pretty much all periods and he has managed to achieve a loss. I got out at 0.2 a level that most holders would grab with both hands today. SS is a walking four letter word. I keep this on my radar .. just in case but with SS at the wheel this remains only fit for traders. It is 100% non investable - hey Sando you **** “choo , choo”!

His salary would be similar elsewhere. Having taken it why throw it in the bin? He spends his money how he chooses. He clearly believes and had no need to put it into COPL. Also fish FWIW I am no salesman .

Knw777, the main positive that gives me hope is Art’s B/E here is over 20p with his trades last year of circa 400k. On top of that Cathy reminded me that he held a load prior to the 100 to 1 consolidation. He has more skin in the game than 99% of all posters here unlike SS at UKOG. Art clearly believes the question is whether he can deliver.

My 20p average used to look good .It is lower than Art's lol. Lets hope he looks after himself in such a way that all of our shares are back in the black...

I have emailed to Cathy to request an update/RNS. I take comfort that Art invested 400k of his own cash at circa 20p. Posters on here will be unhappy but he is too. He must want to get this sorted.

Jppj - a wild guess by you.. The sp is carp but we have no current visibility on the business.

Barclays fell due to past misdeeds costing them. But analyse the figures and their income from current accounts has shot up due to base rate increases. LLoyds has fallen on sector weakness but we have billions in current accounts and there is no recession. Since the banking crisis we have had awful low interest rates but not now. I am in profit on Barclays and LLoyds looking forward to a good 2023.

Push LTH posters here have witnessed GL's missed deadlines , capital raises and excuses for some time. Most have learned to trade it, average down and decrease exposure whilst still hoping. Looks like you have joined the club. In the meantime gas is at 135 with serial incompetence resulting in us missing the period of stratospheric prices that would have been transformational.

Banks like rising interest rates as long as it doesn't overly add to bad debts. Bought more at 171. Litigation issues are historic. Moving forwards higher rates = more profits. Buy backs will support the price as will the dividend. Typical short term over reaction IMHO. GLA

The issue is that the POG has fallen dramatically. The mismanagement of GL and his missed deadlines (a year late) have cost us dearly. We have failed to capitalise on stratospheric gas prices. They are falling day after day.

With respect educated guesses, always sympathetic to the company and offering reassurance so people held. Meanwhile Push was trading and the SP falling. in the meantime Gas prices are now circa 80% lower than when Liz Truss was in power and GL has missed the window of stratospheric prices for our unhedged gas.