Member Info for Stuiegee

Monday. If it does continue up then fine, but at the minute it's looking like a false dawn

This same thing happened the last 2 times that stake building took place. Automatic trades, funny fluctuations in the prices and then after the RNS a climb down from the highs.

Well money on Exploration or not. There is no such thing as a free lunch; so our money will have to be spent on something.

Currently, we are in the same position as every other company that has non-producing assets. So currently this is probably as good an entry point as any, but if you expect to make an overnight buck, then you're mistaken. This could probably drop back to 1p or there abouts. Or this could be a new base for the share price. Is SC55 a good asset? Sure, it's de-risked from an exploration point of view. Are there other risks? Possibly, if you look at what China have done in the South China sea, it's horribly close to where the exploratory area is. Do I think this could be lost to conflict? I seriously doubt it and if it did, then losing an investment would be the least of our worries. SC55 needs cash spent on exploration, which is unless someone steps forward will come from our coffers I think. If the cash is being spent on SC55 then any cash for a new investment will have to come from a placing or vice versa whichever comes through first.

Note that I have said nothing about where this will be in 18 months. Note that I said that this will drift due to inactivity for the next 2-4 months. Note that what I commented on is the relentless "buys coming in" all for a couple of grands worth of purchasing (could quite easily be explained by people shifting shares in to an ISA maybe). You've fallen back in to your old tricks; pointless comments on prices paid etc. I'm not going to and have not hidden that I am on a loss. Do I think that I will break even: Yes. Do I think it will be this year? Most likely, but probably well in to the Q2/3. Money being tied up in this in the interim is dead, in my view. If I can sell to make 30-50% would I buy more than I sold? Negligible amounts.

I am going to make a more realistic prediction. I expect this to be ramped by certain bulletin board members even though nothing is happening. Going back over the last 3-4 months I can't count how many times this "going to cash levels" non-sense has been spouted. It was being said when SC55 came back commercially dry and it's being spouted now. Why would it go to cash levels when it hasn't been anywhere near it since the drill results? Why would we be an exception when all companies in our position are trading below cash, or even NAV.

Yes... they will be analysing data... which I assume will mean we will have to foot the cost of data analysis. But! You tell me; we have an oil/gas field that is currently producing nothing. 37% of nothing is nothing.. so without income... what happens to our cash reserves? Interest rates around the world are virtually nil... so explain to me why.. the market will respond positively to the increased stake?

I've halved my holding for the time being. This is going to drift. SC55 if granted the Moratorium will burn our cash on exploration. There hasn't been a project that has been moved beyond due diligence... So we're talking at least 2-4 months before news. We'll get virtually nothing at best for Georgia; it's a farce that's been on sale for 2 years or whatever and no one wanted it at the height of oil.

Like someone wanted in below 2p.. 2 or three large buys just popped up at 1.96-98p

What do you mean by cull mate?

About 10 trades and we're only twice the daily volume. Hardly £100,000 purchases

No Hawkeye has been written down to nil. SC-55 States that the interest in the license area may still be increased from 25% to 37%.

That "Shot across the bows", was felt so deeply that they broke away from their usual cut and paste of previous RNS statements huh?

If you're saying that Google finance says that the share price is 1.3p then I'm afraid you're wrong. Google finance only shows you the price of the last trade. And that is not a reflection of the SP

Another buy at 1.15 registered after hours

The latest in a long line of CBM updates was meant to have been with us before Q1 2016 end.

Has fallen from grace with me so I'm not really up to scratch with whats been happening. So we have around £709,000 by the last count. AU$1,680,000 got us 18%. £709,000 is about AU$1,434,000. Any ideas where the other AU$7m or so may come from (depending on the value of the high manor currently)?

Squib-b-b-b-b-b-b Squids should be damp they live in the ocean! A squib, is the part of the firing mechanism of a weapon and if it gets damp it doesn't work. Quite the opposite for squids which usually don't work when dried. :)

OR is still on my filtered list: However I wasn't logged in and felt sick reading how little votes were needed to vote down the Renumeration Package. I phoned my broker a week before the AGM and was told the Proxy forms weren't in and then other things got in the way and I forgot to vote. I currently hold 430,000 shares which would have meant it wouldn't have been passed

Bought today at a premium I'm sad to say.. But whatever.. reading your posts about Obama seem Dandy, but I haven't seen anyone mention the retirements of two NED's. Good sign in my book. If CAP have to outlay £500,000 a year in wages for example how much of that was paid to the NED's? Less wages to pay, more attractive to potential buyers