focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I enjoy your posts Heid, and "David Lemongrass" genuinely give me a Giggle Out Loud. GOL!
You could tell some people thought it was going to be one of 'those' days by the usual-suspect-derampers crawling out of the woodwork this morning. Then two tankers are spotted and we're back at 2.4p. Hope you got your fingers burned. \o/
Scandic, I would be VERY happy with that outcome and unlike you, I am not being sarcastic.
That could be said about pretty much every listed company on the stock exchange, so no offence but you're stating the bleedin' obvious there fella.
When people stop trying to trade the balls off it for +/-5% changes.
@BRF hence why I said "if" ... I'm not confident there's anything that can be directly resurrected in WRN. For once I'd love to be proven wrong (don't tell Mrs. Sandwich).
@rustybucket Thanks fella. It's a long, but finite, road back to profit for me. Fingers crossed.
Whilst I'm not normally someone who lets others off the hook on a technicality, to be fair to him Mr. Earley did say the next few weeks "should" bring welcome news in his statement regarding a WRN update. Keen as anyone to hear that something is happening with Worthington - if it resumes trading but takes years then I suppose that's something; I just want to know and be told through official channels. Unhappy, stressed and anxious.
Next significant Weald events are with UKOG and Portland / Kimm test results, I think?
Needs to bounce off 1.83 or 1.8 could go, IMO.
Presumably didn't want to use a hammer to crack a nut. Personally I would prefer the cautious approach - less chance of damaging the well or creating problems by assuming that big is necessarily better. I'm not expert but I would think using a larger pump straight off the bat would have been riskier than testing, then gradually upping the size and power of, the tools being used. I like how things are being managed at HH. Looks like some lessons have been learned and the resource is being curated professionally and competently.
I agree, GEUK. Unfortunately, if there's one thing that being involved in UKOG has taught me it's that when it comes to money, people have no shame, scruples or hesitation about attempting to screw others over if it helps their personal ambition. Think it's time for me to check out for a while.
Microtan, thank you for once again providing a rational, informed explanation of this current state of affairs with Prem, over the weekend. It's appreciated; I get irritated on your behalf when certain posters attempt to knock your research and observations - I always find them to be extremely fair, reasonable and not immoderate in tone or content. I am temporarily not involved here, having sold my entire holding shortly before the suspension to execute a short-term trade. I didn't time that perfectly but am in the rare position of actually having made some money out of that manoeuvre and, given Prem's assets and developments that we all know about, am considering a return if and when I hear something coming from the company that tells me it's time to take up a position once more.
If anyone is somehow still under the illusion that there's no control / manipulation going on while it's being held in this frankly insulting range, II are sending me to NT to buy AND sell at the moment, and have been doing more or less all morning. Maximum uncertainty and therefore maximum control by the MMs. Shoddy.
Bit early to be making a call on that given it's a Monday, but thanks for the info nonetheless.
Expected more buy interest today, following the Friday RNS and weekend news coverage, but perhaps Dorkingman's assessment is somewhere near the truth...
I hope you're right, Charlie. Nine billion shares is an off-putting possibility I do not take lightly given how far Prem has diluted since I first bought in, in 2015 when there were roughly 600 million in circulation. Nine BILLION, and still no stable revenue stream. Deeply worrying.
What price, Watty?
Ask up to 2.15. Over 2.1 soon IMO.
It IS just the beginning and brotherant is right to mention some of the official and administrative steps which will be required in the future. But this is gathering pace and the better things go, the better they'll go, if that makes sense. Can't see anything being blocked or hindered from a legal / governmental perspective now. I've said it before and I'll say it again - HHDL is already demonstrating itself to be a really good example of well-managed and strongly engineered on-shore oil production, right here in the UK. They need to keep up the good work and make this a glorious success for all of us. It's getting closer.
Based on figures in the RNS, from ONE pump extracting oil from ONE layer at Horse Hill, I reckon Portland alone is worth at least £60m to UKOG...? Get that bigger pump in and switch it on so I can start lighting my cigars with bank notes...
Can sell over mid.