Member Info for TigerWelsh

I think that’s a bit harsh. Finance companies often have dealerships 3 different rates to use on loans with significantly more commission on the higher rates. If people were educated and savvy they would end up with the low rate. If not they would focus on the cost of the monthly repayment and cover the hiked interest rate. My understanding some areas of UK almost always used low rate and some almost always high reflecting the nous of the buyers.

About sums it up!

Amer from 65p- final sale 19
Ironveld almost linear 5 year regress from 8p - 0.55p
Kazera 3 year regression from 12.5p -0.4p

A lot of LT and MT investors including yours truly are under a lot of water in Giles’ companies.

As a long long term holder this has burned me badly. Even posters talking of a mid 20s sales were rinsed as rabid derampers! Oil in the ground, cash in the bank, improved POO and a functioning pipeline = less than a third of the value when we had a lot less. Not sure how BOD can ethically agree a sale at a fraction of their previous published valuation. AIM!

Not quite the SP movement we were hoping for!

Did it over the phone

Voted in my SIPP against GC and against renumeration. With HL. XO wanted £40 +VAT for ISA and ordinary account!

Rarely post on here but read daily. Been in here and Iron and Kazera for a long time (the last time I sold America was for over 60p) and currently well down on all three overall. Have both ISA and SIPP investments. Every time I think there’s light it seems to be a firefly!! 50.000 bpd through the OBA (3rd party revenues) Once OBA is complete SP will react (end/reduction of expensive and dangerous trucking) Paraguay will be the promised land Once FARC calms down Once in a decade weather conditions Once big seller is gone SP will react positively quickly Huge drop in price of oil (didn’t see that coming in the speed it did) SP follows Recovery in oil price SP remains stubbornly low Logic and common sense analysis just doesn’t seem to apply. I think the OBA has been the big low for me as I cannot understand how the BOD could keep communicating 50,000 bpd in good faith when that was never going to be possible. Either incompetence or deceit. However profitable AIM with solid reserves, very positive cash, solid partners, exciting drilling opportunities, successful track record Not really whining it’s just been a very very frustrating ride. I’ve been in long enough to remember the virtual punchbag that was Elena Saratova (on iii chat) roundly vilified for suggesting price could drop as low 32.5p “waiting like a sniper!!”

Some of us LTHs were massively down at 9.5p and still need a sharp rise to get back in the black!

Thanks Spike Thanks Spike. Godd, thorough,concise analysis as ever. My main reason for buying in was the technology seemed strong and appeared to sell itself. It appears that the OEM designers and purchasers don’t necessarily agree with me! So far. Currency and economy aside I expected them to have picked up more decent sized customers in more markets by now. Borrowing at these rates from “friends” doesn’t inspire confidence so they’re going to need some pretty quick turnaround in the numbers. So far not my finest investing decision. But Hey Ho I’m 94% down so a bit pointless bailing now!

Spike You were very bullish on this share and my guess is it’s dropped around 90% in the interim. Are you still confident it can turn around?