Member Info for TheLongRoad

Xerxes300 - this is exactly my thoughts. I've waited to reinvest in WSBN, and right now I'm pretty pleased with my choice.

Hopefully they'll find something for you guys though!

I think come Friday, 0.15 will be our floor. It could well hit 0.2 tbf.

Brilliant work! Thanks Andy!

The 1p exit strategy is hereby firmly cemented in stone.

MMM - great question! One I've been pondering for the last week...

My thoughts currently are this, with the following current 3 guidelines in place. Note, I've come to these values using the current SP and the values the consensus seems to agree on.

1) EME will not add any more shares after the 1.25B added between now and the end of Q3.

2) The gas won't start piping until early to mid 2027 so we won't hit anywhere above 1.7p before then.

3) EME will sell off 3.5% and keep 5% of their stake to cover both a nice injection of easily accessible cash, and have a steady income over the next few years once gas starts pumping. Also I've assumed EME won't give out dividends from the money made in the sale.

So... let's assume a re-rate happens before anything else. An MCap of approximately £30m isn't an unreasonable expectation for where we are. We are currently at a £7.4M MCap today. So multiplying our current SP by 4 gives us an estimate of about 0.5-0.6p. I think that is a reasonable low end SP for the end of September assuming nothing else occurs.

Now let's assume EME sell 3.5% of of their stake. I'd assume they'd get approximately £40m for that if all 8.5% is worth £100M in a sale. This, in my opinion would raise the SP to about 0.7-0.8p. Again, we could see this by end of September. I see this as the most likely scenario if everything goes smoothly. That if does heavy lifting here as I'm being purposefully pessimistic.

Then if they sell it all... Once the sale is finalised, it'll jump to 1.4-1.6p. Again, it is plausible we'd see this by the end of September if this is the route taken, although I think this outcome is very unlikely.

Now when the gas starts pumping in 2027... I would expect a jump to 2-3p for a 5% stake as the money starts rolling in.

My exit price was 1p, although I might push that closer to 1.5p. That being said, if we hit 1p in September, I may well just sell out, take my x10 bagger and wish you all the best going forward. If I leave money on the table, so be it, I wouldn't regret my decision.

I was in this from 0.5p all the way up to 1.25p and then held off selling as we slowly made our way down to 0.7p. It was then that I sold. I ummed and ahhed about selling for such a long time because the drilling results at the start of this month were excellent. I really didn't want to jump out of a good thing. But I finally did. And seeing where this has gone, damn did I make the right call. I wish I'd jumped out way sooner by hindsight is 20/20.

I've made a bit and lost a bit since then with WSBN, OBI, and am currently invested with EME (I highly suggest anyone not invested with them check them out). Always do your own research and make your own decision off of that, but for me they represent a low risk high reward investment for a medium term hold (couple of months).

All the above being said, I WILL jump back into this when it starts rising again properly, or if it gets lower than 0.35p, I'll take a position again immediately. I believe that this will, eventually, do very well indeed. But the key word is eventually.

I have been quiet all day, partly because I've been busy and partly because I wanted to watch the SP rise. 45ish% is an excellent result for the end of the week! Well done all.

Now I turn to Brewster. If even a single person sold yesterday due to his constant flurry of negative comments then he should hang his head in shame. Utterly disgraceful behaviour. There are much more honourable ways of making money, as we all (or most of us) personify daily.

Every single one of us should report his posts in future the moment they arise.

But to finish on a more positive note. I can see this hitting 0.15p easily next week and sticking there. Have a great weekend everyone. See you all Monday.

Fair enough Brewster, if the SP drops sub 0.08, I shall give you your apology. I don't believe it'll happen mind.

I disagree with you, but I respect your opinion which you're entitled to hold. However you also referred to yourself in the 3rd person, that was when you lost credibility for me.

JF92 - spot on. Hence I think 0.15 is a plausible target for a week today. Until Monday, any fluctuating is just noise.

Camper comes out when it's blur. When it's red he is filtered out naturally, like a wavelength of light

If this hits below 0.25, I'll jump back in.

Forget today, I'd be happy if we see 0.15 this time next week. So long as it sticks and that's the floor from which we grow in August.

I saw that too*. Christ, my English teacher would have been disappointed in that.

I've saw that too. Why is there such a large discrepancy?

I don't think anyone would be too upset if it rose by 20% every few days.

BD - My sell target is 1p. I fancy a 10x bagger for myself. I'm reasonably confident this will hit that in the medium term. Unless they sell, then I'll take profits and be on my way.

I'm hoping for far higher than 2x-5x (unless they sell) and am willing to hold long term to see it.

If we can see 1bn or more shares a day being traded tomorrow, Thursday and Friday, I think we'll see the SP sit healthily between 0.12 and 0.15 come Monday morning next week.

And we can be reasonably safe in the assumption the new 1.25bn shares have been absorbed.

Yeah, pretty easy to read this one. The sells are people who have made 2-5x their money over the last week, finally selling and taking their profits as they don't like the look of the dilution of shares by as near as makes no difference 25%.

The buys are those who see something good coming down the line in a few weeks or months after a re-rate or a sell off by EME.

A nice medium to long term hold imo.

This changes nothing for me. A rerate is still coming in several weeks. I'm holding everything until then. After that, we'll see.

Intellectual investing chatter on week days, God botherers and conspiracy theorists on the weekend.

Understood. See you all Monday.