Member Info for shuttts

It's going to get invested in something else with more realistic prospects of success - like something that has an established business, makes money and pays dividends.

That's what some of you are suffering from IMHO - it means the indescribable feeling of euphoria when you first begin to fall in love - you're so in love with HUR and what you hope it's future potential can be, that you cannot see any downside at all.

I sold out yesterday and took a c.£8K loss, I did it because I was a believer of the story, but now there are too many variables and too many potential problems on the horizon.

If the Dec update RNS is not stellar, if it contains any bad news whatsoever, or is ambiguous in any way then the share price will get hit for another 25% - 30%, which would take it down to 20p-25p.

If they then need to dilute the shareholder value to progress you could see another 25% to 50% wiped off your holding, if the oil flow slows down or water cut has increased you could see a reduction in SP of 50% to 100%.

Vs what? Great news and a gain of 10%?

Logically it is far too risky IMHO to keep holding because you're in love.

But I wish everyone good luck whether you stay in or out.

Is the Dec update RNS - if that one is ambiguous, or it doesn't contain definite great news then the share price will take another 25%+ battering.

Whereas if it's good news you'll be lucky (from past performance) to see a 10% uplift.

That's too big a gamble for me.

I believed in the story and the Dr, and still believe it might come good - and I hope it does for all of you, but I've sold out totally today with a big chunky loss.

There are numerous things that are worrying me about HUR at the minute, not the least of which is the ambiguous RNS's.

This people running the show aren't idiots, so to me this last RNS in particular is a problem, because I believe the ambiguity is so they don't have to specifically say "this is bad news".

On that front they are going to need major funding to fully exploit their assets, and I think that's going to end up meaning significantly large shareholder dilution.

I suspect that's what will happen, the share price will keep drifting and they'll be bought on the cheap some years from now and existing shareholders will get nothing but losses in return.

Good luck all.

Proactive UK - "HUR made a large discovery"

Berenberg - "Disappointing"

HUR - must learn to communicate better - 2 completely different inferences from the same RNS

One thing is for sure - Hurricane need to hire someone who can communicate in clear English, because some of the RNS's - particularly this one - are so ambiguous that rather than being clear news, people are left to work out it's meaning for themselves.

And that can be a conclusion that things are good, or bad, with the corresponding impact on the SP.

Could announce the biggest and best oil discovery in the history of the universe, and the share price would still go down.

I heard it was because the carrier pigeon got lost.

Hermit Horizon is first and foremost a firefihting ship. Might double up as a supply ship, but is a fire fighter.

I won't be taking advice about anything from someone who one day says "sell, avoid, it's rubbish", and then the next day says "I was convinced while drinking a beer and bought 100,000 shares".

Either his opinions are based on fluff, or he has a personality disorder, or both.

I was just going to post my thoughts on the lack of an RNS - trying to be logical about it.

The whole world already knows about the flare, so if it was just a straightforward "yup we've found some oil, there's this much, it flows at this rate and is/isn't commercially viable" - then I think it would have already appeared in a standard 7am RNS.

The fact it's dragging on implies that there must be a LOT more to contemplate, which suggests that it will have implications for connectivity, and possibly recalculations of reserves etc.

So I think this RNS will not be a standard 7am release, it'll be released as soon as they have the answers from the data, which could be any time of the day.

Also this story that's been going around about trades after 3pm "because a 7am RNS tomorrow has to be in by 3pm today" - is cobblers.

There are 3 options via the RNS interface once the RNS has been uploaded:
1) Immediate release - self explanatory
2) Telephone Embargo - (won't be released til the company call the RNS team and tell them to release it)
3) Embargo - The RNS will be automatically released at a future date & time set by the company when they upload the RNS

So there will be no 3pm clues either.

Oh goody - TheDriver is back in his new guise as Driver7.

Now, where did I put my razor blades?

Tipsterchep - a great book that covers this mentality and has what I think is a pretty sound trading strategy is the art of execution.

I know plenty about HUR, have been here for over 2 years and it's because I believe in Dr T and the model.

I also thought a great idea to farm out for 50% to speed things along and save the costs.

Just had never thought about what implications it might have for HUR being bought out, because I am not here because I want HUR to be bought out.

But I didn't realise most fields are not 100% owned by the operators.

I don't know everything, but I know that I am convinced HUR is a great investment that will pay dividends - well maybe not pay dividends, but you know what I mean.

I didn't know that, I've never really payed much attention to them owning 50% before.
Should have really.

Actually that's a really good point - since they own 50% of these field/s - how much more complicated will it be to buy HUR for another oiler?

That the tops going to blow off the share price like Krakatoa when the RNS hits.

Just what I was going to say. Looks like very good news tomorrow.

New interview with the gaffer where he talks about hoping for a strong Q4 and revenues up this time round by c.25%:

https://www.proactiveinvestors.co.uk/companies/news/907855/anglo-pacific-group-looking-forward-to-strong-finish-in-fourth-quarter-907855.html

"Frankly I am not sure what benefits Warwick and Lincoln being one oil field would bring"

Maybe it will mean that the reserves are much larger than previously (conservatively) estimated?