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His calculation was incorrect because he used the numbers on the RNS - which is not clear.
He is correct that they sold c.13% of their holding, I'd already posted that first thing - he just got the no. of shares wrong for the reason above.
15p by Christmas.
I saw TLW had taken a beating today from 140p to 55pish, didn't realise it had already had a beasting earlier this month from 210ish to 140.
Yikes nightmare.
Slip anchor - 13% of the shares they held = 0.7%/5.51% = 12.7%
My point was that she was tried to blame the downturn in the housing market to "naysayers" - I wasn't making any comment on BtL itself.
Naysayers LoL.
I remember seeing that brainless bimbo who used to do those property shows encouraging people to buy to let - saying there was nothing wrong with the housing market, it was just "naysayers" causing all the trouble.
Of course her cheerleading all over prime time TV had had zero net effect - but someone with a slightly negative view caused the whole thing to collapse.
Naysayers - that really is grasping at straws - my thoughts don't make the share price go up or down, if they did I'd be George Soros.
"Dr. Trice doesn't seem to be concerned about the SP. So nor am I. " - I agree that Trice isn't, but as a shareholder you should be.
Some people want to be famous, some dream of being powerful, some desire wealth and others want to be cleverer than everyone else.
I think the issue here is that the PIs want to be rich while, judging from his dismissive attitude in that Q&A session where he was visibly irked by questions he felt were beneath him - Dr T appears IMHO to want to be right, to prove he was right and everyone else was wrong and so he's the cleverest of them all.
I get the feeling that he sees shareholders as an annoying distraction from his dream and so he treats them with disdain.
If that's the case then he's not going to change, the way HUR communicates will not change, the SP will keep dropping (especially if he is neither right nor the cleverest of them all), and if there is any value in HUR it'll get bought out on the cheap.
Trice will be replaced by one of those people who have probably mocked him and his theories and he'll be consigned to the footnotes of history as the man who was wrong.
And those pesky shareholders will have all lost their shirts.
It's interesting to compare between CA and us mug punters.
They've simply bought and sold at different times and aimed to make money - that's it.
We've been holding thinking HUR is going to be worth loads and will make us all rich - and we've all lost money.
Wonder how much it'll drop today.
I think I made the right choice selling out of HUR.
CA are closer to the company than any of us and have decided after the last RNS, and before the next one, to part with another c.13% of the shares they held...
...and they probably haven't done selling yet.
If they haven't any confidence in HUR then why should I have?
"If"
Captain swag - it wasn't the large paper loss I was sat on that bothered me, it was the even bigger loss I could have ended up with if the Dec RNS is anything other than world-beating.
Longwait: "I and other LTHs went through agonies, seeing share price slumps to 8.85 p and later, about 24p, when the company desperately needed to raise money." - that is rather my point.
You're like someone who finds out your wifes been cheating on you, but you decide to try and make it work, then she does it again and puts you through more agony, but you stay with her because you believe in her, then she does it again but you keep going - "she isn't like that really - she really loves me".
Blind love despite the agonies.
Anderson: The share price dropped 25%-30% on, as you put it, a "middling" RNS - imagine how it's going to react to a bad one.
The management are not idiots, so I have a major problem with their communication and the ambiguous language they choose to use in something as important as an RNS.
If there is nothing wrong then they have caused this drop in share price through their ****-poor communicating style, OR they chose that language so they didn't have to specifically say things are bad.
One of the most important things for any company to be successful is good management, and after this latest fiasco I have no faith in them at all.
So I'm not going to leave my money with them.
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.