Member Info for sandcrab

Have Parsons and Sound Energy anything to do with this?

" to fund activities that it had no hope of accomplishing"

Yes, this point was made by Robert Townsend in his brilliant book 'Up the Organisation "

" that half baked acquisition you were considering, suddenly looks desirable

Bye, bye baby"

Big sell? £12,500?

I had £100,000 'invested' in this POS at one time. Fortunately I baled early

' I am ashamed to remember what I said then. My feelings are so different. In fact, they are quite the opposite. '

Elizabeth Bennett

"The pain of losing money brings out the worst in most.

The levels of invective and belligerence are often astonishing – the bigger the loss, the more concentrated the anguish. "

Ere he is!

Good afternoon, The Fantasist.. How's the head?

Presumably all this paper shuffling was so the auditors could sign off on a going concern basis

What's the cash position here here now?

Went in at 120p. Baled at 110p when price went down, notwithstanding hype

Went back at 33p. Price pumped to 40p then immediate placing at 31p

Got out at 35p thinking I don't know wtf is going on

Nearly got sucked in with all the Alkaid hype, but dodged that bullet

They are surmising on the Hitlerite thread that the delay could be caused by a farm in or partnership 

After 20 years, this thing should have been shovel ready the day the PD was passed

That's why in the past, people used Yorgis moderated Advfn thread. Yorgi not to everyone's taste, but at least he bans or

keeps under control the troublemakers and mentally ill cases which we have here

There is also the point that with the BP licence now having been obtained, better terms might be available for the offtake
Sadly we had to go to dilutory finance to get there. The days of ringing up Barclays DSO or Standard Chartered for an emergency loan were destroyed by the 2008 New York bankers fraud

Ok guys, you've made some coherent points

The company was blown off course by the Romanian authorities taking at least 12 months longer to produce the licence than had been Indicated,, coupled with the Mercuria company not completing the loan, which in my view, as a company relying on borrowing, had been wrongfooted by the Federal Reserve tightening

The Mercuria loan was to repay the $3.5m loan

Roy's initially strategy made sense so long as there was income from BP

It was always known that the company intended keeping PP profits in Zimbabwe to build up assets there

Ha, ha

I see the bitter Fantasy and FTB are still clogging up this board with their nonsense

Both best filtered

SP seems to be headed for Topaz's 3p

Thanks for the Yost heads up GG

And lol at 'cyclical companies hiding out as secular change stories'

Good to see Degsy's AST up 154% today

Made a lot of money here too

Yes, Yost has played a blinder here

Is it possible to state a short summary of his principles ( other than he needs to trust management obv) ?

Yes, it has been decided that it is not sensible now to have the balance sheet tied up for an asset which will only produce FCF in 5 years
When circumstances change, most people change their plans

What do you do?