Member Info for SmoothOperater

Not selling anything under 15p

Both IMO

I'm relaxed about this one.

Easy win from this range.

It's a development well being drilled on a currently producing asset.

GaryN that's just it I'm not trying to assess the company worth, it's just a comparison between the current SP to the current cash value in the bank.

Cash balance of £32.6 million as at 15 March, including restricted cash of £6.2 million

Seems pretty current for the current 6.2p per share current value.

GaryN the cash value is current, the company is receiving revenue to replenish the committed funds and the debt is payable in the future.

Therefore the cash value is 6.2p per share currently.

The same uncertainty would have been there at 40p and now it's 4p the risk is ten times better for shareholders.

Cash value is 6.2p per share.

Thanks it will be an interesting read. Lots of little sellers to burn through but when this does re-rate it will leave them behind. IMO

Any ideas? These drills would have been expensive but I think they'll be somewhere near the current MCAP.

This will bag before the drill results infa t it will probably multi-bag.

It stands a very good chance of recovering the lost ground. I'm banking on it.

Anything sub 5p is in the buy-zone for me. The SP can do it's thing as it's giving me the runway to build a decent position.

It's a hard game and sometimes doing nothing is exactly right option.

I believe there's a good chance of a successful drill and I'm going to take this opportunity that's been presented.

I'm doing the opposite, reducing my trading pot to maximize my holding here.

Even oilman Jim fancies this drill to be a success.

They're drilling a development well on a known resource. The risk/reward ratio is far better than any previous drill.

Buying at this range is a no brainer IMO

I've been buying in the 4.2p -5p range. I'm happy to continue as funds become available and happy to let it 10- bag (has the potential) from here.

RNS trump's any charts and we're expecting a couple of decent ones this month.

This will bag from this range before the drill result.

This was 40p last year, and after a couple of bad drill results it's languishing at this range.

They've just spudded the next drill,. 3rd time lucky!