Member Info for Snaffleman

a neutral position until facts are known makes perfect sense.

Mathematics would you please tell us what inspires you to spend signifificant time posting negatively on a share that you believe has a disastrous future? Do you have a short position or are you spending your time trying to prevent others from making a poor investment decisions?
A simple honest answer would be appreciated.

Rockrose was just sold for less than cash and they were very cash rich

I am not surprised he loves this company on his salary

Pecten,
I personally believe that the timing number and value of buys/sells triggered by algorithms are based on very intimate knowledge of the rules of the game that cause mms to trigger price falls, rises movement in spread etc. Look at Hurricane it has consistently been up and down like a yoyo between 5.8 and 6.5 it could never happen so consistently unless there was some form of control underlying the trend imo. Sudden news can change things instantly

Forsight you previously stated "Its a binary outcome - the SP will go to zero or be a multiple in the next 12 months". So your position is that cash plus all of Hurricanes assets less debt is zero. That is your position.

Would anyone care to offer an alternative view.

Going back up?
Yes to about 6.5p then straight back down to 5.8p. Looks like if algorithms have been designed to do this they are working consistently well. Question is for how long before either a seller is finished or news comes in?

I am hoping a man called AK has just purchased a big fat rabbit which he intends to pull out of a hat in the next few weeks. The wait is torture

Robey if they removed tedious morons from aim bbs there would only be a fraction of posters left. The public has within its nu gers every category of nutter you would care to imagine and inevitably they appear on these bill boards. Admittedly it is those that wish ill on others where they claim to have no interest that are most nauseating.

As far as my investment in RBD is concerned I am holding and hoping for the success. However I think we should all recognise drilling is a risky business and although I believe our chances of success are better than average we would be foolish to assume WN success is not without risk.

If AA of rockrose joins hurricane maybe we can get hurricane sold of for less than cash in the bank just like rockrose. I am only joking he is a man of credibility and it was the overall macroeconomic situation that made the rockrose sale in the best interest of the shareholders.

It has got to be more than coincidence.

That's it in a nutshell mk111

Mindless tedious ramping endless driving me mad makes me want to blo*****day well sell. My goodness your either paid per post or mentally I'll.

I am a holder. Someone yesterday spoke the truth nobody knowswhat is goi ng to happen and experts cant agree amongst themselves. Some are positive some are negative. Make your choice

Let's hope we see more big buys at the close of play today. Results soon and I am feeling twitchy but hope they results are well received and the beginning of a sustained recovery

We are all hoping that the instis know things we do not but as we discussed before the instis holding does not always save you.
There is no doubt SAVE is potentially a fantastic recovery play

The feedback from the AGM was positive. If the results don't reflect the flavour of the AGM and the view about the share price being nonsensical then in my opinion we are being deliberately misled. We are all giving them the benefit of the doubt and continuing to hold. As far as Niger is concerned AKs ideas better be damn good ones. The failure to progress things pre-covid was obviously disappointing and I would not think the instis will be very impressed if there is no sniff of progress in Niger

Maybe that is their 10,000,000 late sell

Does anyone know the estimated chances of success of either B well reference your last post black hopper?

You never know what is really going on in the background. Look at rockrose today sold at 1800. Lime here nobody could understand why the sp was going nowhere and market cap was way below cash. Now we know and all the CEO's talk of shareholder value and a 5000 so was all rubbish they were negotiating for a sale at less than cash in the bank.

I get the I impression that maths wants people to lose money and there are many like that on these bbs.

Read the 2019 annual report. Watch the presentation. The risk is worth it to me an I am currently in . However understand this. I personally comp,etely understant why the sp is just below 6p. Last year the lroduction was about 12800 bpd and the price per barrel was about $59.8. The profit was modest. The foundation of positive sentiment was based on a predicted 20,000 bpd with the Brent price at approximately $60 to provide enough cash flow to underpin development and service debts. A typical prediction for Brent prices over the next year is $37 dollars. Now kick sustainable production down to 12800 and you dont need a degree to see where the way thi gs could potentially go.

I accept the risks. Put down your money and take your chances. All of the garbage about the price is a steal is nonsense. Many of us remember Gkp with it's fantastic assets going from £4.50 to 1p then being diluted to hell . If you are in good but understand even at 6p this is a risky investment. Having great assets means little if you run out of cash.