Member Info for Tornadotony

Gold may not surge for long. However the share was is worth way over 7p. Need to find my lucky Tam O Shanta.

Dansul

I have every intention of adding a lot but I now believe gold is likely to do its usual spring fall in price. I am keeping some Centamin in case that is wrong. Played it both ways.

The purpose of government action is to prevent a downside collapse. The action is not that inflationary. Buy or sell Centamin for other reasons.

Average is now a decent 9.7p. This share is a strong long term buy plus 100% from today's buy. If it goes lower add more.

In case it dives again. 50% position held as before.

When somebody catches the virus they produce IgM antibodies as a first response. To gain immunological memory a much smaller IgG4 antibody is produced several days later into the infection which can bind tiny doses of the virus compared to the IgM initial response. Those individuals with the high affinity IgG antibody have immunity and can not pass it on to others and they can not catch the infection again. So roll out a test to every hospital lab and private labs and find people who think they are immune as they can then operate normally and have a test to prove it.

https://uk.reuters.com/article/iraq-oil-gharraf/iraq-halts-gharraf-oilfield-after-petronas-evacuated-staff-officials-idUKS8N27U015?rpc=401&

I believe its just moving with the oil price myself. It does give me confidence that if oil goes up Tullow will now follow it.

This is a very interesting article. Running the maths at $50 a barrel gives me a price recovery in the SP to 49p assuming $1B asset sale and that we have 85,000 barrels produced a year. Both of these may take a year to do. Just need Putin and the prince to find a working agreement. $60-65 a barrel gives 70p a gain. Also need redetermination committees to say yes to the plan.

Megla you are correct on that last point. Why I favour 3 week total lock downs is that they smash transmission of the vrus as it dies out surfaces that cleaning crews deal with, we have a small army of immune 90% mild infected individuals that have recovered and can not pass to others ad the case load to hospitals drops. Gradually certain business areas can reopen perhaps manufacturing plants as they can be environmentally controlled better. A week late other sectors can open up and after six weeks its just pubs restaurants and services that involve body contact (nail pedicure places etc) that can finally open up. Lock downs hurt business but they heal faster imop.

Opened at 109p. Protects high pool average that I am holding for divi. Gap closed as well in the charts.

Megla

If somebody is getting it right at this level like yesterday ad doing so all day, I want them to share and give us views. Also the 78M barrels USA is buying may be a drop in the ocean but USA Executive is telling the Prince of SA to stop playing stupid more or less in the media that it is a warning shot across the bow and Saudis ignore that at a great cost. All we need is a reversal on Rosneft etc and the whole thing can de-escalate fast.

Sharebel you read things well yesterday. I noticed we have a double bottom in place. Where do you see this going today.

Megla

Stop quoting rubbish on social distancing. Vaccine will be available by then and half the people walking around will be immune for goodness.

What on earth is happening this morning.

JMax

My negativity has a lot to do with being in single digits. Not one Director had the confidence to buy lots of Tullow shares at these low levels. When I looked on the FT website on share movers we have no buyers but just us PIs. Brent in the 20's is likely to put pressure on the Tullow SP further. Nothing from our Sammy in ages. However its the memory of Petropavlosk in 2013 where I lost heavy and eventually recovered funds elsewhere that haunts my current Tullow experience. I have enjoyed 5 winning years in a row since then, but 2020 is currently awful. Tony

I am concerned this gets taken down completely and we end up looking at a suspended chart and the company in administration. Tullow is like a patient in ITU. Lots of people have lost their shirt on this one and its the fear of now losing underpants as well. For many they might be well soiled already.

Could end up being useful at this rate.

Brown paper bag job.

Auson

Do they do this by de-listing the stock at near zero pence.