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Yes, but it doesn't trip off the tongue ... "Fumated" is perhaps better, although loses some of the association...
Is this a sound forum? I must have missed something... but generally I agree, you can't blame a snake for being a snake, it is in their nature ... once bitten, twice shy.
Remember to tell yourself your words of wisdom in the future, I am sure the time will come when you will need them
Echo has been for sometime an eyesore in my portfolio and has been a reminder of a foolish mistake. I no longer need that reminder as the loss has been seared into my brain.
I would now be grateful if Echo could kindly go bust gracefully so I can move on, and I can get over being Parsoned
Parsoned: verb
To be Parsoned; parsoning
Definition
To be led into an investment on the promise of riches, which turn out to be horse ****e
Example usage
"Wow, you really bought those shares, you've been parsoned my friend!"
Synonyms
to be Fified; Macaulation
trellis35 - there no pressure for these people - the only thing they will pay attention to is legal action. The FCA will only become interested if some noise is made in the media and/or a case gets underway.
JP et al. will just refer you to their T & Cs , which boil down to caveat emptor, unless you can point to a specific thing where there is misfeasance/fraud then you might get somewhere, and is why I am interested to know what Besser's advice was to Ms McCauley.
I have previously defended (for my sins) in numerous complex fraud cases and you would be amazed what people can get away with, and the lack of will/competence in regulatory/prosecutorial bodies, unless the case is a slam dunk...
I would also say, if a regulator does get involved, and prosecutions follow - you can forget getting any money back.
There is of course also a forth line of communication possible - a letter before claim requesting pre-action disclosure of Dr Besser's report to Echo and the reasons for Ms Macauley's removal...just a thought
If an action group is formed here I don't think JP should be the sole target, Fiona MacAulay has some questions to answer in my view. The quick exit stage right into another plum (connected?) job got my blood stirring I am not afraid to say...what was that you were saying Fifi about the Boliva "assets" being Mayfair - seems more like we landed on go straight to jail.
I am beyond caring now as I am so far down on this dog that selling is pointless - and I wouldn't mind seeing some rocks being overturned if prevents it happening to someone else. Sure this might come good, but we didn't need to be in this position - namely all faith being shot to pieces after the ramp in the lead up to the coal discovery...
Any news?
I imagine Martin Hull and the gang are probably joining Extension Rebellion at city airport...so would explain the silence.
Worse than waiting for Brexit...
I would further that WT re Dr B's forthcoming analysis - I don't think it would be undermining (no pun intended) him if MH commissioned a second opinion on the analysis - might costs a bit more, but given the costs of the drill, double/triple checking makes sense.
Having said that, as we never saw Dr B's internal reports to the company, he may well have been much more conservative in his interpretation than the rampy RNSs led us to believe, and so he may be just as miffed by the February debacle...
I hope with the change in leadership the tone of future RNSs are more moderate. Buzz words like transformational just sound so hollow when preceded by the word "potentially".
The claim that Bolivia was the "Mayfair" district, without explaining why someone would want to sell Mayfair, made me reduce my position as it sounded so much like hot air. Still holding my position, and intend on riding it out, but please can we have much less hype from Echo going forward...
Apache partially true, but some would have bought this in anticipation of a rise, which clearly didn't come..(but did rise slightly at the open) and so have gotten out nevertheless...
buy the rumour sell the news gang doing their usual ....
I think we largely agree abzzba but I suppose it depends on your view what short/long term is...and what your goals are here.
I invested as a punt, as it seems most O & G exploration is, with the view for the big prize.
I put money in that I can afford to lose ( I certainly don't want to lose it - but it wont finish me) and plan to ride it out - but will derisk if/when there is a decent lift.
With my average at just above 12, I have been up more than I have been down (although how long that lasts I don't know), but see both events as the engine revving and idling before we set off.
Re Boliava, if think, although i am not sure where I picked this up from, the plan might be to see how Shell get on, then sell off...
Abzzna with respect I don't think "la Bomba" is the actual big one original investors are here for, that is Tapi Aike - La Bomba is an unexpected and welcome additional big one. Also there is also hope for Bolivia pending what happens will shell's drill... perhaps you mean short term holders...
Yes I have had that sinking feeling before ... there really does seem to be no safe bet if you want to make decent money (other than property, but that takes a lot more patience/effort). The key mantra, and I know it has been said a million times before, but never risk more than you can afford to lose (and I mean every last penny). I am overly positioned on echo, averaging down, which is something i would not usually do, but for some reason I have a real belief in the company. (that is breaching another cardinal sin - never fall in love with an investment - you will lose all reason!)
Yes I have a heavy weighting to the US also so I feel your pain! I have bailed in similar situations previously and regretted it, so this time I am going to ride out the storm as my belief in all the assets I hold is still firm, including with respect to Echo...(which is incidentally my one and only AIM share)
No...never heard over contagion? Personally I think it is globally just a pull back (I hope so) but it is wrong in my view to assume you can view echo in isolation...
There is a far broader market sell off at the moment, my supposedly strong and stable stocks are taking a hammering also...
I recall a while ago there was some technical “expert” on a podcast giving their view on the price action, referencing the chart when it was independent resources … until the co-presenter pointed out the change of hands to Echo. A good example of taking technical analysis with a massive pinch of salt. It is useful if you are trading (entry/exit points) but if you are investing, not so much … I suspect this technical review has also looked at the price action pre-echo.