Member Info for WaffenBurret

Games being played here clearly.
‘I am going to SELL’ would only be announced by someone who has no skin in the game and is waiting to buy at a lower price.

So transparent. Think about it.

Filtering not an option as puts one at a disadvantage.

Freedom of speech is always a tricky one. What we write here fits more closely with ‘print media’ rules.
If you say it, it’s hearsay and not reliable.
If you write it, it’s evidence.
If written on the web it can be printed.
Platforms, as editors, become liable.

Tiger, I appreciate your dilemma.
It all depends on one’s timeframe I suppose. I have decided after a risk analysis to place a value on this company given both local and global events. HUR is controversial and thus makes a great playground for traders - perhaps you are one of them, ie: short term, I have no idea how long you have been invested.

I always look for controversy in a share as that is where the valuations are generally wrong one way or the other and sentiment and mischief make hay with the price.
There is always a black swan event risk, or failure of P6, but you knew that presumably when you bought your shares.

Given the current stats on HUR, black swan event aside, I am certain that sub 7p is a massive discount on fair value right now. But you may have to be a little more patient to see the upside.

I feel your pain, but just go and do something else, top up even haha. Sit on your hands, whatever.
Or sell and be done.

WB.

NsTiger: the volume is low. Majority of share holders do not consider this a good price at which to sell.
I have given my view as to why that might be. (Two posts back).
BP has fallen further than HUR today. It’s a broad market bear sale taken full advantage of by you know who.

Sub 7p is an amazing price.

There doesn’t seem to be enough of a market view on HUR on any of the usual websites so I thought I would write my own, forgive me, merely my view and no investment advice intended
(With respect to all HUR historians, I would also be interested in current views on the bigger picture). So..

Who says the HUR BOD have no plan? If they had one, they’re probably now reappraising, like many oilies, as a result of recent changes in Government Policy, not for the first time, not to mention shifting goalpost, market volatility amidst global uncertainty.

Yes, we are now cash-rich, a producer and with potential!!. The BOD may have choices. The tyranny.

But underlying all of our local speculation there is currently a bet on the future of the global market, supply/demand as China is still struggling to revitalise in the face of persistent covid19, + Western economy slowdown, maybe a recession, affecting demand and possibly an increased supply of energy on the horizon from the Americas. That has to be reflected in future POO and therefore the SP when nothing local is occurring. All the while, global EV ownership gradually increasing.

Given that we are now (or teetering) on a bear market , PI risk appetite is somewhat diminished.
Which is why, on a local level, we are all a little nervy with consequent carping and impatience (notwithstanding the bowl of history on the HUR 5year chart) that reflects, in the minds of many, upon a BOD seeking to indulge in a profitable closure that went horribly wrong.. However it could be argued that the oil market two years ago was literally negative, with portents of a huge transition away from fossil fuel. In that light, management probably came to a view that the future for HUR was bleak and further exploration/development futile.

With the massive ructions of the last couple of years, pestilence and war ongoing - a weaponised commodity war(!), we now have a completely different, if uncertain, outlook. Security foremost, local oil assets have acquired a brand new valuation and, coupled with the new levy, again attractive to larger players (also devising new plans, mind).
However, There still remains massive pressure to move away from fossil fuel to meet international agreements and respond to growing elements of the (young) electorate. (I feel obliged to think about Uranium longer term once again for, ironically(!)).
But the BOD have hedged somewhat against a possible drop in oil price (against all predictions, but still), by continuing with a $90/bbl price tag.

This would be precisely the time (while everyone is running down the BOD, the oil price, to buy. Lol.
We can see that further exploration of assets may well be in the pipe judging by today’s RNS (I mean why would you stop at P7?)

One word: ‘Opportunities’.
Risk factor is reducing daily at this price.

Very attractive buy it would seem to me and I have held and simultaneously traded HUR since
Sept 2021.

This share’s so worthless that I don’t even want to talk about it.
It’s really not worth posting about it’s so likely to fall at any moment.

I really can’t find the words or the time or the energy to explain what a penny dreadful this share is. There are a million other opportunities around to throw your cash at as I will explain in many future posts yet to come. I’ve been trying to tell you all this for months. I mean, look at the price of this apology for an explorer. It’s been drifting for too long, nearly reaching 1.6p in January. (It would have done if you had only listened to me and switched your money to POG for example). This isn’t investment advice btw. Just another minute of your time - wasted.

All in the hope that what I am saying is the truth and I can earn a few coppers from my spreadbet short.

Go on - sell now. You know you should.

SELL NOW.

Please. This is not a deramp. I swear. It’s really a balanced view of what is happening on the ground, in the sky, in my head, in my pay check. Look at what is actually happening here, in this post. It’s a real post. Full of ‘realness’.

That told him.

Oh look, back where we were this time last week - what a surprise.
https://tradingeconomics.com/commodity/brent-crude-oil

This is the kind of thread that goes nowhere fast, and is now out of date.

https://tradingeconomics.com/commodity/copper

GR, I am of the same view. Just one (huge) thing to consider further regarding your comment on CA:

“ Fortunately CA are now in control and have absolutely zero interest in the long term or in being explorers they simply want to exit at the highest possible valuation in the shortest possible time.”

As with sale of any property, To maximise asset value, always good to have a plan in place.

I imagine that, now the windfall has been clarified and is a known quantity, there has to be an announcement very soon. Not least, the obligation regarding p1368 which has to be actioned ONE DAY after the AGM or be relinquished. (Perhaps an extension could now be negotiated with OGA, if tied to an attractive deal).

Given the political imperative (National energy security) , perhaps our new CA NEDs are formulating something useful going forward.
Hopefully, Mr. Morera, will make good use of his MSc in Politics of the World Economy.
Mr Craik with a B.Sc. in Geology and an M.Sc. in Sedimentology could be liaising and sharing knowledge with potential partners/buyers, and a re-revised CPR.

The AGM is a formality, whatever we feel about certain members of the BOD and I would be surprised if there were any upsets - unity is required. What is also required is an EGM containing a plan which requires final bond liquidation, a drilling programme combined with involvement of a Major and political (OGA) authorisation, though not necessarily in that order.

CA might then achieve a decent sale and a good price for HUR.

Time is of the essence and an announcement must surely be about to come containing some of the above. 91% creates a lot of pressure in my view.

And another tranche at 8.1. Thank you for the recommendations. Don’t be blinded by a single event. It was already in the price by Thursday.
The oil is in place and gushing. 91% incentive for a deal with Major now. Further exploration would pay for itself potentially with Government blessing.

Brent $119.

Oh dear, so much doom from a lot of actors: This is a great buying opportunity as everyone moans the price down. I wonder where the bottom of the dip is. Just added at 8.3 . Meanwhile oil sector down half percent as majors doff their hats to UK chancellor’s Good turn. Otherwise, the supply squeeze, the up-trend and energy security remain to the fore. All of which continue underpin HUR. IMO.

Daltry, think about it : I’m sure I’m making cents. I took your advice and bought back in yesterday.
Not meaning to be positive at all (trust you did the same).

Daltry, I’m confused - you haven’t taken your own advice. Posting on here requires seeing the price I’m fairly certain.
Or do you invest with your eyes shut?
I’m sitting on my hands right now (typing this with my nose).

Predictable but holding up so far.

Thank you Snowking and LuckyLuciano both.
Making more sense now.
WB.

Not sure how that equates with this:?

https://tradingeconomics.com/commodity/lithium

“Lithium carbonate prices in China fell to 471,500 yuan/tonne in late April, the lowest in two months on strong supply and lower demand. Carbonate supply is seen rising after the Chinese Ministry of Industry and Information Technology called for sustained supply and higher output from smelters and miners while promoting the development of lithium ore resources. Fresh figures showed that production in China rose 42% on the year and 41% on the month in March. At the same time, a surge in Covid cases and concerns of more lockdowns hampered demand. Still, carbonate prices are 70% higher year-to-date, and remain near a record high of 497,500 yuan hit in late March as volatile energy prices strengthened the appeal to transition away from fossil fuels, adding to the booming demand for electric vehicles. After rising 157% to 3.2 million units in 2021, electric vehicle sales in China were forecasted to cross 5 million in 2022.”

“ Circum may come in very handy as a "side project", potash prices have more than tripled in the past 12 months.
Four countries (Canada, Russia, Belarus and China) account for approximately 80% of the world's potash production. And we know how business currently is like now with Belarus and Russia....this may raise interest in the Circum project and play in our favour. But it's a huge if.”

Profitbags, was thinking about Circum a couple weeks ago while the expectations and frustration around Zulu continue to be debated daily here. I wondered if perhaps a surprise may evolve with a forthcoming potential world food crisis that might occur towards the end of 2022 as a result of huge fertiliser shortages - specifically potash. I was searching and read that there is a new Ethiopian diplomat assigned to negotiate in with Northern tribes . Points of conflict are shifting further East away from the region containing circum. A new policy perhaps regarding Tigrean demands? But there has been nothing about Circum for 2(?) years from Prem. So decided not to post. but something to watch for.. while we get depressed. Lithium salts apparently very good for depression haha.

Anyone here had thoughts about this