Member Info for Strider4

"As I said months ago to you, when you start having a bit of humidly and stop being a know it all, you might get some where and not be constantly arguing on every board with everyone on it."

Just LOLOLO - time to take a hard look in the mirror Earthling!

Ta ra Earthling. I'm sure we'll all miss your depth of insight.

The full and correct version!

"“You don't find a 300ft oil column in isolation. It has to be part of a bigger trapping system,”

"You don't find 300ft of oil in isolation..."

Well we know how long Earthling's last sabbatical lasted - about a week I think.

Orackle, there's your cue.

Voodoo sounds about right. Technicals indicate only - nothing more and nothing less. Certainty doesn't come into it.

I think the self-funding case for 2 rigs will be too strong to ignore if Calao comes in.

Voodoo.

are not great at all! Presumably the guy who said they were more or less ok at 7:50 am, was looking to sell at 8am sharp, like TBT did, but at least TBT has the integrity not to use those tactics.

PBT £116m. Mcap at 108p is ~£1.3billion. Take away cash of £250m leaves an mcap of £1.05 billion. That's a PE of 9 in a downward trajectory - it's still not cheap by a long way. Clearly, these are back of the envelope calcs but they capture the most important details.

JTD, agree with your first points about consolidation. At the moment, there is insuffiicent buying pressure to move the price up, but conversely there are plenty of buyers who are happy to snap up more at sub 17p.

While I take you point about putting your money where your mouth is - which is true to an extent, what that argument omits are the following:

1) Holders may have no spare capital to invest here. They are maxed out as it were.
2) They may have spare capital but are at the maximum that they want to risk in any single share.

In the above two cases, it is quite easy to argue that the share price should be higher. Indeed, there are probably many on here who have paid significantly higher than 17p, even recently. Of course, several directors have put in chunks in the high 17s just last month - presumably they thought it was cheap...

Yep, clearly working on a shoestring. Morning Dose.

Pad, I think they've recruited Zoros to add some "credibility" to their ranks. Shame, they could have used someone a bit more high profile, like Addicknt or Savp!

Quick check of your posting history Zoros:

"Hello...planet earth to zogg. You're breaking up......"

How would you classify that comment?

Zoros, yes there may have been some negativity in there, but don't confuse debating with negativity. If a poster joins the board with a negative slant, at the very least he can expect to get challenged heavily, and rightly so. The abuse is optional, and down to the individual.

"If I bought oil shares, I'd buy this one" (words to that effect).

Sounds better with repetition!

BM,ok I was ready to be sickened to the core by NM, but further research has eased the feeling somewhat...

Those 26.5m options expire 08/08/20, so they are not part of the recent 80m batch that expire 10/2021, thank the lord! They are still up for grabs, so we shall see. Nevertheless, 30m options remains a disgusting amount. NM - 1, integrity - 0.

The silver lining is that they expire in 1 and a half year's time - one would expect that NM will be doing his damndest to ensure that they do not expire worthless...

Bm3121uk - whereabouts did you read that NM has ring-fenced 26m of the 60p options? If it is indeed the case, it's bordering on criminal.

BBG - so if you were in NM's shoes you'd throw integrity out of the window as well? Gain the world and lose your soul.

Fishboy - Urgh - NM has "put his neck on the line"! It has been self-interest the entire way. Smell the coffee. You think he put a good wodge in at 1 and 3p for the sake of charity?! Rhetorical question - the answer is self-evidently no.

Padmaster, I know that, but the directors are also employees and there was some hoohar at "what's the name of that other company he runs", whereby he wangled it so that he got a shed load of the "employee" options...left a bad taste with investors in that company. Hopefully, he doesn't try the same tactics here, but from what I've seen I wouldn't put it past him. The guy is clearly as greedy as they come. He is also a very canny businessman and it gives me confidence knowing that he is looking after his sizable interests in SOLG and mine, as a by-product.

Just exactly why is the HS2 analogy ludicrous? Why don't you try telling that to the people who have had compulsory purchase orders on homes they have lived in all of their lives, mate.

I'm not talking about poisened water, because clearly it is not AMER that is at fault. I am talking about why these explo companies now have to jump through a million consultation hoops just to get access to the terrain now. Yes, get the enviro permits and ensure things are done ethically, but stopping activity just because these people don't want to be disturbed or relocated is pathetic. Activists talk about it as if the indigenous people own the rain forest. They don't. Compare it to life in Britain. You're considered lucky if you own a patch of land totalling 0.25 of an acre! Generation rent can't afford to own any property or land. And most of the rest of us spend the best part of our lives paying off a huge debt on the place where we live. So, a company has to have major consultations with 600 people to get access to hundreds of hectares does it? Andno, I don't think pouring benzine into a river is the right thing to do in Columbia, in Britain or anywhere else. They are looking for the nearest scapegoat and telling lies. It's like political correctness - in some arenas it has gone too far the other way.