Member Info for Sageman

Mirasol, I haven't given up on this share. Reconnecting a previously producing gas resource at current wholesale prices will make money. (very different to wild catting in Turkey with SS at the helm over at UDOG). What I have given up on is the previous SP potential. I am now just hoping for 2-5p so that I can take my cash and run as I did at 88e. It is only a small part of my portfolio but it would be good to escape in profit. I suspect many other PI's feel the same.

Yes actually Simple you are perhaps correct to ban me as I left out a relevant fact in my attempt to be optimistic. A placing is usually not done at the 30 day average price but at a discount to it! GLA hopefully savvy PI's will make some money here. I have nothing further to say and will wait to see what next week brings. GLA

The bit I am struggling with is how anyone expects this to open up tomorrow? We had a very welcome spike on Friday then after the market had closed we had a car crash RNS. It had write downs, a promise of a placing and a description of our only producing asset as a "teenager" throwing tantrums. Any placing is always at a discount and if they use a 30 day average the placing will be circa 0.15p. Not a ramp or a deramp just a simple statement of fact. I sold up my last holdings on Friday and expect to buy in post placing and sell pre results and claw back some losses. I have been here nearly 5 years. Newbies who ignore the rampers have a good chance of making money here but trade it don't hold...unless SS buys a large holding. GLA

Great day if you sold on the spike prior to that car crash of an RNS. As stated before now wait for placing ( as promised in RNS and predicted by LTH) . Buy on spud and sell prior to drill result. A guaranteed profit available here. Sp 0.11 - 0.15 post placing possible spike 0.4-0.5p. A nice 3-4 bagger on the horizon. No ramping, no de-ramping ,people here were told how to play this for profit and hopefully some will . Can’t believe Tymers is back..heaven help us!

Craig, look at the RNS's. Consider the drill costs and do the math's. HH produces just about enough to keep the lights on given SS huge salary! Not a de-ramp its just the way it is.

Donotpanic, I think that you need to check your facts. The SP was 0.15 on 5th April. It then shot up and we have had Easter in between. SS would do a placing on the rise but at what price? Also it takes time to organise. We do NOT have enough money for the drill. The people who put up the cash would want to sell on the spike pre drill result. If I was a betting man expect placing at circa 0.2 or even 0.15. This would still be a good result given we were trading at 0.1.

Donotpanic, hmm sadly we do need a placing as we do not have the money for the drill. However, these things take time to organise but based on previous experience SS will be working on it as we speak. The time to buy will be post placing. The time to sell will be prior to drill result to guarantee profits. DYOR GLA

SS does not have the money for a drill - fact. Therefore he must do a placing - fact. This is very leaky so probably placing has already been agreed with RNS due early next week. Once he has done his placing you get a de- risked opportunity. The pro’s buy on spud and sell prior to drill result. With SS buy post placing hold to spud but not much later as he may do yet another placing. It is what he does! Greed is your enemy with this share as today proved. Good luck

Senman , Cyan's post is pretty spot on but 88e got about 3 times overvalued on hype so this could go further on a decent ramp. Your biggest enemy here is SS who has a habit of doing a placing , over promising and under achieving. If you have just bought you are in a better position than most LTH. With a stock like this anything can happen so sell into the rally and make sure you make money . 88e rose swiftly and fell circa 75% in 1 day. A SS placing could have a similar impact here. For new investors this is an exciting play. For LTH we are just hoping the rise will continue so we can get out. GLA

ZXY the only inaccuracy was that you were too generous with the maths. The value of the oil to the SP is calculated by working out NPV using a discounted formula that discounts the value of oil by 10% per year. So it is not just the amount of oil it is also the rate of flow. Value is typically 1-3p per barrel. So then work out the sp value when divided by 13bn shares in issue

Jones Richard you were a total ramper on 88e and here you are now on UDOG. Am happy with the rise but that just means I am 80% down as are most here. SS will be wetting his pants with excitement and licking his lips as he contemplates another cash raise. He is like a terminator, its what he does. He will be as determined as you are to benefit from this spike. At least with 88e you just had to worry about the drill, here the man in charge is a massive threat. He has never been knowingly underpaid!

Insidious, I have no problems with Udog raising cash it is what Aim exploration companies do . My issue is the lies. Had SS been honest about the risks at HH I would still have invested but nowhere near as much. As an investor I do a lot of research and risk assessment. I accept that no one wins them all but I expect to invest with my eyes wide open. SS conned us all , has never apologised and uses PI's to fund his massive salary. I would slap him if |I ever saw him.

Agree Stockman the large buys are in all probability people closing out naked shorts. If you sell shares you don’t own then unless you buy them back cheaper you don’t make a gain. Naked shorting is illegal in the U.K. but rife abroad.

Hmm you are forgetting that the company is run by SS aka Billy no shares the great destroyer of wealth. Billy sees PI's as stupid cash suppliers for his hubris. He always waits for a rise then does a placing. The time to invest is after Billy does the placing and before the result of any drill. DYOR ...years of failure tells its own story.

IMHO the sp is now reflective of where we are. The mcap has increased by circa £100m since the start of March and pretty much values what we see in the RNS. Sentiment may take it higher or lower. Those who got spiked don't despair. Most LTH here were those who previously suffered a previous fate and have had to average down and wait 3 years to get out in profit. There will be more drills next year and you will be more savvy next time. I was 90% down on paper but cashed out with a 35% gain. There is no reason to believe at this stage that you have lost anything. Now is the time for patience. Good luck all

Those holding in early March have seen their shares rise from 0.5p. They could have sold last week for 4.5p. A 9 bagger. Every £1000 increased to £9000. Those buying at 3.5p would need the sp to rise to 31.5p to make the same gain. I wonder how many would sell some long before?! Make you think.

Slider actually not true. If no one sells then no one can buy and there is no market! It follows that your comments that all sellers are a “problem” is simply untrue. A healthy market needs both buyers and sellers!

Ford your ramping is a disgrace and you are getting on with nothing except talking drivel. The RNS is what we await not your next illiterate ramp.

Ford, please do not correct others when you are on uncertain ground yourself. 1 ) we do not know it will flow 2) we do not know the flow rate 3) we only get 50% 4) we do not know quantity of commercially accessible oil 5) The NPV is dependent on discounted cash flow at 10% pa. Thus you can discover 1m barrels but only 70% is accessible and the flow rate is poor. Many unknowns

On Wednesday night the US otc price reached 5.3p valuing this at £663 m. The Aussies took profits and so did we. At that stage we had 10 bagged in March. I hope that there is more to come for those who have held