Member Info for wiltshireman

but that happens most days, you ought to be getting used to it by now.

should at least open us up to potential institutional investment. The institutions generally steer well clear of penny stocks so despite my misgivings about a short term fall in price with WN and Bisc news maybe in the longer run it can only be good.

you name it and the world's got it or not. Either way gold price should be stable and has a promising future when all the paper gold is cashed in and gold is in short supply. It seems to me every day brings some worry or other, I don't understand it and neither does anyone else. Either way GGP is a safe haven.

PJ is always cooking up something neww
https://www.proactiveinvestors.co.uk/companies/news/941706/power-metal-resources-exercises-option-to-buy-mckellar-gold-exploration-property-941706.html

Looks like a good deal to me. paid for by all the warrants !

https://www.youtube.com/watch?v=kE186w91YVU

Yep Yonny many modern 'investors' are 'babes in the wood' and its some wood. Even without the beartraps laid by the charlatans and swindlers who masquerade as 'experts' to lead them like sheep to the slaughter. They often operate through third party shadowy mediaries to rip off the ordinary punters but never get caught let alone punished.
Another infamous swindler/ fund manager in todays newspaper is about to start up again despite his sheep losing their life savings through him. No doubt the FCA will sit on their hands as they always do whilst he prepares to repeat his shenanigans all over again.
BPC is/was like you say a high risk potentially high reward company operating in an area where only 30% of wildcat wells successfully discover oil.
But it is quite good fun even when you come unstuck but you just have to understand the risks.

Perhaps they didn't know where it was Jono, perhaps you should have given them some of your expert guidance.

and if we found oil in any quantities what then.
I have been in and out of this since the days of Alan Burns and its always been a wildcat drill situation full of promise and full of risk. Went away joined Leni Gas and Oil, now that was a sharp dealer, which under Ritson went down and down shared fortunes with renamed Columbia and the Flying Dutchman who sold out to BPC. Needless to say i have been in and out, lost a lot made a bit and came back when the Perseverance went down the pan and hope for a little bit of a bounce back. All in all interest to say the least. The present oil climate is poor but it'll turnaround and we still have Trinidad and wo knows the well analysis of Perserverance might turn out better than we had hoped and the big boys are still in the background waiting so one never knows. Quite and exciting roller coaster ride since the days of BPC's founder all those years back and definitely not for the fainthearted. Moral of the story DYOR, I did and lost quite a bit over the years.

When you check out the recent offshore deep drill results in 520 metres of water for Bahama Petroleum and the 15 years of work that has gone into the project UJO is an absolute walk in the park. Pity more don't recognise the fact and jump on our lucrative bandwagon.

or going backwards!

silverhorse - be very very careful, anyway after all the years I've played the 'game' I still have been unable to get in at the rock bottom and sometimes the rock bottom is just before they are delisted and you can't trade and often end up with nothing.
This one I hasten to add, short of a complete collapse in gold price doesn't come into that category.

Always played around with gold shares and at one time I was trading in a 'dead cert' Peter Hambros (Gold) mining many many years ago at £10+, still called POG now but all sorts of convolutions and buyouts and board troubles brought their price down to pence as they are now rather than pounds so nothing is safe.

Thats mostly why I steer clear of 'foreign' AIM mining companies in dubious regimes and try to stick to 'safe' countries like Australia. At least with Shaun Day and Gervaise we know what we are getting into unlike operating in countries riddled with corruption.

News of no news its sentiment and day trading that drives todays markets IMO. Often PJs 'news' is no news anyway just informing the shareholders on a regular basis and I have no gripe about that. Transparency to me is one of the most important factors for my investing in POW. It makes things more difficult for wheelers and dealers day trading to strip the shares of gains when the hard core investors know the facts. Keep up the good work PJ and keep the locusts out.

But Shaun Days 'great' Greatland Gold interview should help so maybe we will consolidate the rises after all but AIM games rule IMO

rise am fall pm back where we started or lower. Its just day trading IIMO

https://www.youtube.com/watch?v=ac3RhaamyMM&feature=youtu.be

but of course with production costs $18 it can only be a win win for us as the price would have to come down a huge amount, it has happened before, for onshore wells to become uneconomic and before then most of the North Sea would be shut in.

I know its good but does anyone have an explanation? I can only believe that oil stocks are low and the $price but that surely isn't the main reason. I am puzzled by this seeming anomaly when the world is in recession and travel has all but stopped certainly in the West

In fact, the success rate for wildcat drilling is around 30%, with only one in three wells likely to make money, says Graeme Bagley, head of global exploration and appraisal at Westwood Global Energy.

“Most of the time, wildcats fail, but the hope is, when a company drills enough of them, it will discover enough oil to cover the overall cost. However, firms need to accept that more often than not they will come up dry,” he explains.

FInding oil traces is an improvement on a dry well. If anyone says it isn't a wildcat given the research that has gone into it I am afraid it is and that is the reality.
IMO this is no mean achievement given the problems encountered but then nobody likes to come second but that's the name of the game. GLA

ridiculous really I am sure that 's what lies behind our being in the doldrums since Scally. Neither bit of news warranted this reaction given the enviable position, financially and operationally, that the company is in.

Like the origins of balloon flight hot air was used and later replaced by hydrogen. Boris the Blimp is incapable of pursuing his hydrogen plans and is very much at the hot air stage. Heavy on rhetoric but light on meaningful plans. As usual.