Member Info for Shedulike

I'm not expecting to be wrong but if I am then I'll be more than happy to apologise for my recent postings. If the majority feeling is correct and we've been taken for a ride I hope the high profile resolute defenders of the company (particularly those so vocally condescending to doubters) will apologise for their part in painting a credible picture of hope amidst this shambles. Not for one minute suggesting we shouldn't take personal responsibility for our own mistakes but would be nice to see some humility from that camp for a change.

They are holding back bad news, it's not like there isn't form. Oddly one of the red flags (easier to spot in retrospect) was Dustin's share buy, notified on 15th March by which time they must have known UD-2 was a flop. It was commented at the time that it was perhaps on the light side but perhaps more telling was that as a non-director they didn't have to tell us. Fill in the gaps folks I'm not daft enough to put something in print that I can't prove but the mind does wander...... Just one more thing if I'm ever, ever in a stock that even mentions Primary soddin Bid I'm running a mile.

Well I'm not usually a fan of the 'Re. Share Price Movement' RNS but I think it is now justified. The problem could be that that the company can't state they 'know no reason for the share price movement'. Not that I really needed anything new to worry about!

One of the lessons I've learned here is how easy it is for a company to appear to have turned the corner on the comms when the pr is all about new prospects, revitalised campaign etc. Videos on Twitter, Malcy in a hard hat, Dustin bubbling over with enthusiasm etc. When the going gets tricky and they actually have to produce some results then it's back to type and they've gone to ground. Don't think there is much comfort to be had here, market finds out before the PI every time. You just have to hope you've backed a winner and I don't think we have here sadly.

Captain Ahab had a tight grip on Moby Dick as he breathed his last - nurse!

Fair comments Marine plus we would see the equivalent buy back into the Isa. No someone lost faith and I admit mine is rapidly crumbling. The increasing rate of nutty posts (no names required) are not helping my nerves - don't want to be the last one left in the asylum!

It's not for no reason that the word 'liar' is unparliamentary language, maybe Zaza will do a Hilary and claim he 'misspoke'.

April 29th on Twitter - 'Busy week ahead...getting ready T39... and commingled flow test at T-45'. Four months to the day and no official news on this test. It would seem the consensus opinion is all is not well but the main man has gone on the record to say it's 'commercial'. So ultimately if your decision to hold rests on the outcome at T-45 it's 100% a question of trust in the CEO. If T-45 has flopped then whatever the undoubtedly convoluted reasons that will be put forward we will have been misled by ZM. That would be troubling and expensive.

I don't agree Bigun the bad news always smothers the good, they don't learn - maybe there is no good news at all?

Quite agree chaps I'm wallowing in this upturn in sentiment as much as the next investor. Fair point on the value of the existing discovery though without wanting to be a party pooper if the market doesn't it price it in now then it certainly won't after another failed drill though of course a strong GSA should bring that currency more to the fore. Hardly needs saying that TE-9 is absolutely monumental, the market doesn't usually react rationally and I would expect on success the further prospects will become hugely magnified in terms of SP recognition.

I did actually write something similar yesterday but didn't post it as I'm actually quite enjoying this uplift in spirits. However we should all try and keep our feet on the ground and remember it's not outrageous statistically for all three drills to fail. There's nothing wrong with discussing scenarios for a possible LE but just use plenty of words like 'if', generally scrub up on your conditional clauses. Let's not go round the houses a million times on ISA's as that one's very simple. I'm not going to mention that foul word that starts with 'c' and would be all the more less dangerous on this board if it ended with 't'. Finally be prepared, should a positive GSA land and if we get a big rally into spud the de-ramping sharks that will already be circling will be all over us, either internet trolls positioning themselves for the gloat of a lifetime or in smaller numbers real shorters. GLA investors.

While I wouldn't have put it quite like that I do think Dirk's frustrations are understandable. I have not despaired yet but if the delay on T-45 turns out to be more burying bad news then after the earlier reassurances (we have been told its 'commercial') I do think Zaza has some serious questions on his integrity to answer. I have a nagging feeling which could just be blind optimism that all will become clear in the next op's update but honestly if it's another case of paring the good with the awful plus another tantalising new horizon thrown in then I think I will have lost all faith.

Ha ha I remember my 114p two years ago (thinking I was being conservative).

If people don't stop talking about ISA's, tax implications of getting a vast dividend and Bugatti Veyrons I'm going to be forced to sell up on Tuesday, been here before :)

Thanks Soundingoff - looking forward to digesting it all over the weekend - appreciate the effort!

Yes I agree strange closing price if they were sells. At 0.25 I can't see how they could be buys though. Ending level is at least something to cling onto over the long weekend. I don't know what I'm more angry about - the news blackout or myself at believing all the reassurances. I'm getting anxious about the funding for going deeper at Niko - if the case was so compelling then surely the mystery (as ever) investor would have signed this off. As for T-45? well at least if it turns out to be non-commercial then we know where we stand as investors, not even the most ardent supporter of Zaza could claim he would have an ounce of integrity left.

That someone would dump 24 million like that. I'm running out of gallows humour, now very concerned. Have we been conned? Where are the figures to prove T-45 is commercial as stated.

Here's my memo to Zaza, 6 months ago (20th Feb) on T-45... "has now been drilled to a target depth of 2700m", almost 6 months ago (28th Feb) just a reminder on T-45 Zaza you gushed "The fact that current results have exceeded our expectations gives greater confidence and support to our work program that, once we effectively perforate, stimulate, and produce from Zones 9, 14 and 15 in the Eldari formation, the Taribani field will deliver great value to our shareholders and Georgia's energy industry."...... not feeling the great value yet........ given the promises you owe us a warts and all update.

Ha ha Coggy don't say they still have hope, now I know we're on our own!

I wonder which is more painful, losing 70% in one morning or slowly throughout a year?