Member Info for Tornadotony

My concern not realised. All the oil companies across the piste should rise this morning. OPEC delivered one thing that was absolutely critical. They will meet in October and Russia has said be prepared to act if economies get hit with second wave. China took that on face value. I believe the USA short on oil brigade may need a rethink at least for today.

I agree with you Alas, I am not sure if the equity has bottomed out, but it should be a lot higher price when airlines can operate back near 2019 levels. It just may take longer than many of us originally thought. Exxon Mobil is back to where it was 3 days ago and RDSB and should edge back to 1030.

It is quite interesting going through the RNS from 2006 when listed on aim and how this entire project has been years in the making. Jeremy Martin reports finding nickel in a deposit in February 2007 and acquiring initial nickel deposits in Lontra containing Cobalt as well. There is a history of moving from gold to nickel and just acquiring more land and more projects to build up this huge nickel resource and reserves. August 2012 delivering the first PEA. This has been quite a journey. I wonder if Glencore are kicking themselves after selling their nickel deposit in September 2015. It has been a steady build to get where they are.

https://www.bbc.co.uk/news/world-europe-54189575

Long term hold for Shell. The fact there is no rally against the oil move upwards suggests China do not fancy buying at the higher price and so it will get sold into is my guess by Friday pm State side. I find the rise because Saudi Arabia told a few countries off as the same old line that we have heard before. The level of cheating is 25% of the proposed cuts. This has already pushed the glut in supply back to end of January to resolve instead of mid-December. Demand destruction not coming back so far has pushed it to end of February or perhaps March. On top of this we could have a major second wave during the winter months. This could embed some of the changing working practices and of course disrupts the service industry. The following recession gets deeper.
Only the large oil companies and those with good balance sheets may get through this. The CEO has been spot on with his outlook. In the meantime collect divis and be really patient like to 2023.

Aimtodeath thank you for responding to my questions much appreciated.

I have left funds for an average down at some point as it is difficult to value the company at the build up stage. I am not sure I follow the logic of a takeover. Is there any evidence that major nickel suppliers have not maintained Capex and need a discovered resource. Is there evidence of other nickel mines that have been bought of late and at what stage the seller was at. The team are geologically led. I am not sure they are into just the exploration.

The OECD stated yesterday that the world may never regain the economic growth lost due to Covid-19. They appear to be writing off anything looking like a recovery in 2021. I believe the BP CEO got it right the other day as to how this may unfold regarding oil demand although the fall off may not be so dramatic. Total were also seeing a similar picture. I have kept my modest BP holding mainly because of the efforts on the greener agenda.

Holding lots of cash. Revenues expected to hit $100M with say $30M more profit. Over a quarter of the stock price is cash in bank possibly by year end. So far the forgotten gold, silver and copper miner.

The stock may recover and do great and I wish you all the best from the bottom of my heart. I have slept little this week and reconsidered my entire strategy what to do here. It comes to the connected set of issues that are not in control of the company. They can do nothing if a bad second wave of Covid strangles economies. They can do nothing if Iran and other OPEC members fight over market share. They have little options in the event of a banking crisis. The vulnerability of Tullow, Kosmos, Hurricane, PMO and others that carry debts is absolutely huge. I certainly feel Tullow have a good CEO and Les is quietly doing small miracles alongside him. Africa is a challenging environment and world opinion on climate change is added into the mix. Some of the posters on here are very generous and sharing and I hope you value them and that scribers think of the reading audience and what they contribute adds value.

The last stock I de-risked from eventually recovered after a 75% collapse to a 300% gain. The same can happen here as proven by a good start today if events give it a good chance.

All the best Tony and stay well

To Owlo

Owlo I am taking losses on Tullow and have changed strategy. It will have been picked up by the tone I am delivering on that board and a few astute observers are noting it I hope. At the same time I do not want to upset people over there as some posters are generous good people. The losses hurt, but my instinct is to use a lot of gains I have made to de-risk massively on that stock so be careful. I love doing research and I will be an asset on this board. The last company I took a hit went on to did well and also I did a lot better by moving on and the same could happen on Tullow. However a bad second wave on Covid will hit the oil market and Tullow can not take another torpedo like that. I also find getting ground down in a losing position misses opportunities that may prevail on stocks such as this one. As for Covid stocks I have a position on Synairgen and my post graduate degree was immunology.

Adonis I have done really well for the last 18 months except for Tullow Oil. Over the past 2 days I have started monetising losses on that share as I now believe its like the Titanic because of what may happen to the oil price in 2021 and the company can not do anything about it. It is a hard thing to do when other decisions have gone so well. he last time I got out of a stock and took a hit I went on to make up all the loss and twice the amount more as profit. Having six winning years in a row I am not going to allow Tullow Oil to mess things up.

Slift that figure makes sense.

Thanks Adonis

Its now 3 days in a row of incredible volume which says a lt. I have a bigger stake than before. The last RNS left no doubt about that this being for real.

Tony

Nickel

If you go to the last company presentation and look at the slides. You will see a note that says all staff redundancies have not been included or words to that effect. Most of the planned redundancies go out this month. I am not sure how much it costs to make around 140 staff redundant in a London office. Just bear in mind that it is breakeven for the year minus all the redundancy costs. So have that issue calculated to be considered against expectations. I just wanted you know in case you did not see it in their published document.

following not fall

For those who only read the RNS, I would encourage going to the company website and looking at the presentations. They really do show the differences more clearly. When it comes to discharging patients a number of variables come into play such as availability for a clinician to action freeing up a bed, to apatient having extra fall on care needs and these having to be organised and whether they got better late Friday pm and could not get home to Sunday and staff decided to have more patient observation.

I bought at 187p this morning as it was my last of my allocation for synairgen. Although France is making a good fist of it in bringing down their second wave giving us all a lot more hope, I believe its vital to have the interferon nebuliser in the clinical response toolkit.

I have rebought back in and eating a lot of humble pie.

hope its a great journey

It won't be in the 140's for long. This should share could see 200p or more if all the targets and expected news delivers.