Member Info for wookieemonster

Oil prices up

Yes I agree we want to be leaders not the led. Or at least have our own strengths. Stock market and LSE needs to be revamped though.

Must encourage new business and provide a very good place to list.

This is what we need to be seeing from BP. Proactive steps.

I just think you’re misreading the game that’s all. Almost everyone does. Investing is more complex than it’s ever been with multiple levels of influence making moves faster than ever before.. so no I don’t think it’s as simple as making general assumptions.

Personally, as private investors. All you can do is try and identify good stocks and ride it out.

Yet this has followed a very similar pattern to many stocks. And for me it looks very much like it’s behaving like a Lassonde Curve.

we could be currently in the feasibility / development zone.

The progress being made and physical developments seems to indicate this. Except there isn’t a depletion zone to come, I would hope that would be a growth and expansion zone.

The company seems to be making good steps towards profitability. And expect that will be noted. All going well, this could go up strongly. I expect sentiment will come after, not before that uplift. That’s all I’m saying.

I’m sorry but institutional investors do not base investment decisions on sentiment. It’s absurd.

But yes, it is one of many variables that would be considered after investing. Sentiment can change quickly, the herd, social media, big trading. All factors.

But seriously big players absolutely do not make decisions to invested hundreds of thousands, if not millions on sentiment.

It’s crazy to think they would… I agree sentiment would be, and should be monitored. When Buffet ( who people far too often quote ) talks about this he’s talking about it being a factor. Not a prime investment case.

If and when sentiment is very positive on this share it will fly. As it did when it went to £6 and beyond. But it crashed back down because sentiment is not reality! The smart money would have bought before that sentiment, and sold as close to the peak as possible, absolutely knowing that the fundamentals would eventually reflect the reality. Why, because they know the numbers, they’re not making investment decisions on sentiment. They’re exploiting it!

Anyway, I appreciate your optimism on this share. Just don’t let it blinker you to truths.

I do share your enthusiasm for this for the future however. And I for one want to be in before sentiment kicks in.

Hi Jeff, what firms?? In my experience I don’t know any that have sentiment as investment criteria? rather that they tend to invest almost as a primary goal before sentiment kicks in not after, literally could be said as the key difference between “dumb money” and institutional investors. Major investors get in long before sentiment does, if they see it as worthwhile and both the fundamentals and business models are expected to perform well.

What in the 2p slot machine, McDonald’s value meal, wachine machine in the back garden, all in one track suit sort of business knowledge is that red cornet???

Personally invested for long term growth. However, excessive debt is a huge risk, I don’t believe taking such a high risk. The trajectory was up… and he’s taking it down and down on this pipe dream. Legal costs and significant shareholder loss.

I don’t call that good management. At all.

We don’t need this acquisition and we should suffer to get it. I can’t see how it’s going to dramatically improve our position, especially as we where actually doing well before going for this?

The sp doesn’t think so

Think there's some mopping up going on today

Quite clear the CEO has made a very poor and uneducated error here resulting in significant share price decline. Very disappointing. He’s absolutely haemorrhaging us with this.

Agree, Transition time will be a decade eat least, at least. Oil and gas certainly primary fuel sources for now.

No doubt fuel makes up a significant part of demand but “oil”is essential in a huge range of manufacturing processes.

Firmly believe the future should and hopefully will reduce its demand on fossil fuels. But expect the world’s energy sources to come from a very varied supply. Bp is suffering at the moment due to transitional processes. But it’s right in doing so imo. It would be unwise to solely focus on oil and gas long term. Firms like BP need to adapt or they will be inevitably replaced and forgotten. Imo.

I’m of the belief that the planet will require a portfolio of energy. The cleaner the better. For the climate deniers that would simply mean cleaner air on cities and around homes. High density areas already desperately need to significantly reduce emissions for air quality.

Oil and gas will have its place in manufacturing and for energy transition. Gas will help developing countries.

I hope nuclear goes extinct well fission anyway. Fusion will be quite something but not for more than a decade I should imagine at least.

Energy waste and energy pollution both need to be drastically reduced with hydrogen technology which is what the planet and a healthy society needs. Imo.

Climate change or not. There is no excuse not to strive for cleaner energy and a better world for our kids. Hopefully ITM and others like it are trailblazing the way forward, and us investors will be happy at some point with backing them.

Yes things progressing nicely, iridium cuts definitely a big plus. Certainly plenty of positives but believe things will happen slowly and steadily rather than rapidly. Slow and steady wins the race.

I for one have no expectations for the update it was only recently we’ve had some decent news. Don’t place any hype on it. It’ll just be an update. If it’s anything more then great.

Hyping the next piece of news just makes the sp drop because you suck in traders.

Drifting lower and lower will be a penny stock or worse soon… what are they doing…

Probably just sell orders complied together and then sold at a stable price to buyers.. due to the size of the trade/s in relation to recent trading it would seem more likely to be a single or small group of sellers closing its position and needing a ton of smaller buys to make it happen…

Who, what, why is anyone’s guess..

That will depend on the next update and how things are progressing.

Surely all this legal work is eating into our bottom line??