Member Info for Spikeyj

lol, i tend to kick myself rather more about sxx as one that got away .... bought some around 5.5/6p-ish, then felt pleased with myself for banking profits circa 8p-8.5p .. now look at it!

(royo, if you want to find an AIM share where i did indeed lose money, look no further than globo! i thought it looked v. good, but perhaps a bit too good to be true. nonetheless, i thought i would take the risk of being long there. sure enough, it was indeed too good to be true, and turned out to be a scam, so my globo stake went kabung. that's fair enough, i knew when i invested that it was a high risk share, and that some had concerns about the cash & accounts. win some, lose some. trick is, win more.)

your memory is at fault royo -- it's easy enough to check posting history if you are that interested. i made some good money on the initial sula mega -spike, but sadly for me didn't make more as i held onto some into what turned out to be the long slow decline. so profit made overall, but i do wish i had sold 'em all back when it was 5/6/7, sad lol. i can't remember offhand if i still held any when nick started banging on about coltan, or if had fully exited by that point .. i think i was out a while before. coltan never really seemed very credible to me, i think NW just desperately constructing a placing story. but anyway, a little o/t for GWIK bb, apols.

bank profits, cut losses. that's the way, royo.

i sometimes take chances on AIM shares. currently holding two of them, i think. yes, i took a chance on SULA a long time ago, & made some money on it. i exited from that share completely a good while ago, as it has looked like dead duck since iron crashed. (me, i never believed the coltan/gold/JV stuff.) one of the (probably many, lol) differences between you and me is you stayed long in sula, topping up repeatedly as it fell.

lol, true. best not to spoil it.

like what?

real movement should be pretty limited partly because genuine volume has near dried up as suspension approaches. time has run out for anyone wanting to build a new big position, or to dump a big position. now just tiddlers adjusting.

yes, sure are plenty of keyboard warriors about. better not to get too emotional about investments, but some AIM pis do tend to get rather passionate. alternatively, could try posting about the company itself? so what is there to say ... a) they have couple of decent oil industry consultants in the team b) a little over £1m in cash c) a financial saleswoman on board d) looking for an RTO, at a time when sector as a whole in some distress. hence, it has a chance of coming good & making money. - and what are the downsides? a) no revenue stream, income, other assets. b) hence if it doesn't find a decent RTO, no real plan B other than to unwind. c) £1m is not a particularly big cash pile. d) plenty of others hunting similar assets. e) failed RTO attempt after CEB, although some changes since in BoD composition. some pros & some cons. remains a highly speculative AIM micro-cap share facing suspension & delisting if they don't crack on. meanwhile, bank holiday weekend, so beer & the seaside is calling. c some of you next week, no doubt.

these most recent results are leading to a market re-appraisal of the size of discount / premium to NAV that is appropriate to price in for a decent quality infrastructure focused company like this, where circa 3/4 of the projects have life over 20yr+. JLG has been trading for much of the time since IPO on a surprisingly wide discount to assets, imv.

there's very low liquidity by this point, with spread fairly wide & volumes v. limited. so poor as a day trader's share currently.

gimme a J, gimme an L, gimme a G, J - L - G, it's the one for me. (I'm a poet, but i didn't know it.)

it's nice to see some more sensible posts today, with an acknowledgement that there is risk involved, & pis who invest here might lose some or all money if it doesn't work out well (- which it might). refreshing shift from some previous posting on this bb claiming definite multibags, easy profit, no loss from this level, etc. anyway, waiting game now to see what kind of fish they can land. (hopefully, not a dyslexic carp.)

true. I'm referring to austin's post, which seems far more balanced than posts claiming that this is a share that can't lose money from current level, or posts predicting a definite multi-bagger, etc. a can't lose, definite multi-bag share in the AIM micro-cap resource sector is a mirage. some have better prospects than others, none are certain. this company could do well if it procures a decent RTO asset on good terms,,while it fails to get one, or accepts one on poor terms (less likely, I think), then it will do badly. simples. much is being made of the quality of consultants & BoD here I've no criticism to make re any of the company's staffing, just would note that in the current market conditions, there are plenty of pretty experienced and seasoned oil industry folk available for work / consultancy etc. gwik's probably are pretty good, but it's hardly a USP. gwik does also have cash rather than debt, but it's not a particularly big amount of cash .. so that will constrain the size and value of deal they can get, unless they take steps to raise additional financing.

11:21, good post.

yes, was just thinking about overall sector sentiment for how pharmas are valued -- which has taken a hit ever since hilary clinton's critical comments on drug pricing. sector as a whole could do with a little additional pepper in the mix relating to take-over premiums. one day, rodney.

brousse knew what he was doing.

bhargav, a share like this is going to wibble around by a percent or two on many, many days of the year, sometimes for an identifiable reason, but often on nothing very evident, particularly in thin summer trading months. better just to switch off from moves of a few pence either way, unless you are trying to daytrade. atb.

NAV per share at 30 June 2016 of 263p (31 December 2015 - 242p) nice.

quob wants (needs?) to raise money and also dan needs to raise money. so quob, which needs extra cash, offers to lend cash that it's already a bit short of, to dan, in order that dan can use that money to buy extra shares in quob so that quob then gets that as extra funding... tad incestuous... RT continues his own brand of comedy genius.