Member Info for wraith

Correction: " a top Sovereign Wealth Fund manager ".

BW

Distressed seller,.....that reminds me of an interview I listened to a few years back,......a top Sovereign Fund manager was asked, why his Fund had done so well in the 2008 crisis,.....his reply, because we had a continual stream of Funds coming in to invest, didn't have to sell anything, and could keep buying from distressed sellers,.....I am of a similar mindset to yourself.

BW

Agreed, Stalin_ESQ,.....short term price action, only relevant if trading,...if your holding long term, it's irrelevant as MrMarketMaker points out,.....I was holding here before Darwin discovery, have stepped out a few times over the years,....now rebuilding position, at these bombed-out levels,.....Ask going lower, is relevant to me, as a Buyer/Long Term Holder.

BW

Putting that late reported Buy (time 16:17:42 - s/p@ 0.55P - 3,360,000 shares), in its right time slot,...read it as a Sell myself.

BW

Recon that was the late recorded sale, from this morning (08:38:35 - s,p@3.20p - 50,000 shares), Alwaysone.

BW

My timeline to be fully invested in BOR was mid-2021,.....the recent PMO news is what triggered my bringing back that timeline, increasing from holding a token 12% of my targeted BOR shareholding, to holding at present 70% of my targeted BOR shareholding.
Will probably now increase slowly, to be fully loaded by mid-2021,.....if this is the bottom, I will not mind averaging up (my Gross average sub-s/p@0.987p at present) on the last 30%.

BW

As I said before, you have a very good memory Troajan,.....that was a long time ago,...ORR, quite some rise,....not followed that one,.....the gold explorer we hold, is COBR,....will take a closer look at ORR,....all the best.

BW

Yeah, it's going well,...HUM is our largest (Funds invested) investment, in the gold sector,.....if the results are good, it's going to get larger.

BW

Only six-figure COBR shareholdings here, RichyRich1,.....but I wouldn't mind betting, that there are a lot of us six-figure shareholders,.....ours are in ISA's (here for the IOCG targets).

BW

Late Buy at 16:40:29 shown up (and we are marked down),...s/p@0.60p - 1,000,000 shares.

I bought another BOR share tranche last week (Monday), s/p@0.6049p,.....that's not much variation Monday to Monday,..... have we now reached the nadir of the s/p decline & bouncing along the bottom, is the question I'm asking myself,.....70% loaded at present (my initial target, 1,000,000 BOR shareholding)

BW

Hi MrMarketMaker,.....as an existing (Darwin) good quality, gas condensate discovery,.....$35 breakeven from memory,.....when demand picks up again (I have a strong recovery in demand, penciled in by mid-2022, with inflation starting to take hold), our discovery may be viewed differently, than at present.

BW

Was reading earlier today, under the subheading " Investment opportunities ",....how oil demand destruction, was setting the energy sector up, for a " huge hit " on investments;-

Extracts:

" About $80 billion of capital expenditure cuts in 2020 have already been announced, which represents a more than 30% decline over 2019's investment budget in the sector. "

" Regardless of when peak demand happens, which is now harder to forecast than ever, we’ll still need tens of millions of barrels of oil a day for years to come. And we need to see investment happen in order to find, develop, and produce those barrels. "
Source: https://www.cnbc.com/2020/09/17/oil-sector-could-face-more-distress-as-it-struggles-to-draw-investments.html

In my view, our current s/p level reflects the above dire outlook for the sector,.....but not any of the potential, of already having a good discovery, plus having Funds & no debt, enabling us to weather the " Covid-19 Demand Destruction " storm, (IMO).

BW

Tilapia is why I bought into ZEN & still hold ZEN (still hold AAOG also), MarketGunslinger,......lets hope for a positive outcome.

BW

Iraq Petroleum 2020
The Established Meeting Place for Iraq's Oil & Gas Industry
20–21 October 2020
Virtual Event
https://www.cwciraqpetroleum.com/

BW

I don't mind which one of them, go into production first (holding both, with a ratio of Funds invested between the two, 59% BOR & 41%RKH),.....also believe, Darwin will get the farm out, now sealion looking good.

BW

Welcome aboard MisterPositive;-

Extract:
" GHANA SWEET-SPOT BESIDE TULLOW: OFFSHORE/ONSHORE TANO BLOCK
Potential: multi-billion barrel recoverable ".
Source: http://clontarfenergy.com/ghana/

BW

Still here,.....the IOCG targets, are what I'm looking forward to,....got these tucked up in our two ISA's, in anticipation, of that massive, potential s/p upside.

BW

I've been sinking my teeth deeper into BOR today (one man's meat is another man's poison), bringing my BOR Gross average sub s/p@0.987p.....not followed the share you mention,....good luck with it.

BW

Thanks for the links, Proselenes & BobbyB04,......good reads, I'm feeling very comfortable with our PRD shareholdings,.....roll-on Morocco drill.

BW

Should prove to be, a good investment, our BOD has made, (IMO).
/bunkerhillmining.com/news/bunker-hill-announces-debt-settlement-with-hummingbird-resources/

BW