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So, is the general consensus that we could expect a FOIL announcement next week? Tuesday? Or is that too early?
I'm wondering if FOIL uplift is already priced in, given the SP jump on the "hydrocarbons on board" RNS. Or perhaps any solid, good news is going to give us a wee boost.
Market closed on Monday. Bank holiday.
Thanks for the morale booster Biffadog.
I sold a chunk, at a small loss, a few weeks ago at 46p, to fund an equipment purchase that eventually fell through. Bought them back the other day at 56p and now feeling very fed up with this drop and kicking myself. Decided just to ride it out though. HUR always drifts down on no news and the general market downer today made a wee hit inevitable. As you say, lots of good catalysts coming along soon enough. Back to the daily grind.
Dadean, I believe your original question was:
"Hi, I would be most grateful if able to answer. Now I know Hurrianne did a major fund raise in 2017 (and sxx 2016 and 2019) I was wondering, does anyone know any other companies that have done a major fund raise in the last year, especially in the oil and mining sectors) thank you kindly in advance, sorry for being a bit off topic"
Looks like your strategy is to buy shares in a co. that has just had a major fundraise, thus lowering the SP, buy in and wait for SP to rise? I've no idea if that is a winning strategy but be careful.
There is a "General Chat" forum on here where you could maybe get some feedback. Or try the "Mining & Commodities" board on here too. Best of luck.
Aduk: "..years ago I determined that... BB was populated by morons, because during the drilling campaign the thread - headers were mainly 'Smoke on the Water' and other Deep Purple references. "
"Smoke on the Water" is a song about a lake-side casino burning down. Perhaps this prejudiced your view? : )
Any ideas as to why we've lost 5% off the SP today?
Concerns about China becoming a pariah, thanks to Trump? FFS if so, I swear that orange clown is following my investments and wrecking them.
Albi 1 You made me laugh out loud! £10! Yeah that would be nice.
Jeez, you ARE jumpy. Enjoy your valium...
Albi1, ,
Aye, that is something that has been nagging away at the back of my mind. When/what is "pay day" for us LTH's?
If HUR sells off a big chunk of it's assets (oil), to boldly go where no oil co. has gone before, we will be shareholders in a co. with tons of cash in the bank, embarking on a relatively high-risk new mission. So an AGM question for the good Dr T. or our chief finance officer might be:
"What potential milestones do you see resulting in a significant reward for current investors?" and "What are the board doing to make this happen?"
I see a post from Carliol over on the II HUR board suggesting some questions for the AGM. ( copied below and hoping the O.P. won't mind!)
That poster is unable to attend and hoping that someone else might share his/her desire to have them answered. I just thought "that seems like a good idea" and maybe some folks on here, who can't attend, might want to throw a question into the ring, in the hope that someone attending might take it up at the AGM? Just in an "esprit de corps" kind of a way, no pressure on anyone, and in the belief that questions & ideas often beget useful information & debate.
So. Do you have any questions you'd like to see asked/answered at the AGM?
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From II Board, by "Carliol": (21/5/19, 7pm-ish)
* In the Corporate Presentation for Q2 2019 on page 14 it states the cash flow from the EPS on Lancaster for oil sold at $50.00 - $60.00 - $70.00 a barrel. Given that oil is now…a barrel, how will this cash flow be used? Will it fund further drilling? Repayment of debt? To fund a dividend to shareholders? Or perhaps a combination these?
* What flow rate from the Warwick Deep will make it commercially viable?
* Assuming the Warwick Deep is commercially viable. Under what time frame will it take to be tied into the Aoka Mizu? At what cost and where will the money come from?
*If a hostile bid came in for all of Hurricane’s assets. What would the reaction of the B o D be and what would be an acceptable price?
* Does the B o D have a strategy to deal with a hostile bid?
* Are there any plans to farm out a share of Lancaster? If a cash deal were to go through, would some of the cash be paid to shareholders?
* Has there been any interest in Hurricane from a major such as BP?
* The last CPR on Lincoln, Warwick, Halifax, Whirlwind and Strathmore was in Dec 2017. When will be the next CPR on these assets be? There are currently slightly over 2 billion barrels of 2C contingent resources on these assets. On the next CPR how much oil do you anticipate will be transferred from 2C to 2P ?
* The last CPR on Lancaster was on 2nd May 2017. When can we expect the next CPR on Lancaster? There are currently 2P reserves of 37.30 million barrels for the EPS over 6 years plus 24.80 million barrels if the EPS is extended to 10 years. Lancaster has 523 million barrels of 2C contingent resources. How much oil do you anticipate being transferred from 2C to 2P on the next CPR?
* Is Hurricane’s balance sheet sufficiently strong making the requirement for further funding unnecessary?
* Does the B o D have any intention of a fund raising that might cause more dilution?
* If further funding is required would existing shareholders have the opportunity to participate in a rights issue?
* What is your opinion on how the EPS on Lancaster has performed since first oil was produced?
Observer: "How can it not tell if it’s a buy or sell?"
If you sell, someone else is buying. So each trade is both a buy and a sell.
I think the algorithms are supposed to look at the price the share was traded at, and work out from that whether it was closer to the "bid" or the "ask" price. But it doesn't seem to work well, so best ignored on a trade by trade basis.
Dadean: " Would I be right in thinking they are planning three wells?.....operating income?...etc..."
Have a look here. You want page 8.
https://www.hurricaneenergy.com/application/files/2915/5531/1740/Hurricane_Corporate_Presentation_-_2Q_2019.pdf
(Pity this board doesn't do "stickies". Maybe the Beta will allow that option)
O/T dadean: "As I said one black and it was with three white ones, I have a photo if you like."
Yes, I'd like to see your photo, can you post a link?
Thanks for the link Bartlebobton. Some solid reasoning there.
Does anyone else find ADVFN's HUR board very difficult to access consistently? I always seem to land on any one of 3-4 different type of view, different fonts, latest posts at top, sometimes bottom of page, graphs & links everywhere, and find it difficult to just access the most recent posts.
Is there a simple way to just read the most recent post of ADVFN?
Nathan, be very careful.
It's easy to have a bit of luck on the market and confuse it with your own skill.
I made 138% on main market shares in 2016/17, thought I had some skill and then lost about 30% of my profits dabbling in AIM "sure fire" winners (i.e. losers). I had only made a profit because the whole market was rising and floating my boat along with many others. I was an ignorant fool and still am.
There are some real dogs out there and the AIM is the Wild West. Even if a company is doing well and well run, the share will be traded up, down and sideways and punters like us are often the last to know why. Very, very easy to lose your stash.
If you are young enough, a reliable way to accumulate wealth is to work hard and save as much money as you can every month, putting it away where it will gain compound interest over the years (harder to do nowadays mind). And/or buy some "boring" main market shares that are steady performers and hold them for years. Unless you are an expert in both the companies you invest in and the AIM market then, in my view, it's just gambling. Would you gamble your house on a horse race? Only gamble what you can afford to lose without hating yourself.
You could look at "Scaling out" of your position with HUR as the price rises, to lock in some profits, but the point at which you pull the trigger is your own decision. Some posters on here are very knowledgeable about what is likely to happen with HUR ( and I am grateful for them) , but no one knows with total certainty what WILL happen.
https://www.investopedia.com/terms/s/scale-out.asp
My mistake then Biffadog. Thanks for the info.
Can't remember if I was on it or not? But just sent a tenner, plus gift aid to RNLI. transaction ID: 3800109736764717
Seems a bit foolish now to have expected FOIL in 2018, but I remember when it did seem to be a possibility. Just shows that the market makes fools of us all. Good Luck All.
Found the FOIL Date sweepstake list below. Much fewer participants than the S.P. one.
I'm not on it but a "skin diver" is on it's way to RNLI anyway since I'm firmly in the green for the first time in a long while and feeling pleased. ( Hoping that the FOIL S.P. sweepstake is won by our most wildly optimistic punter )
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PrinceofDarkness Jan 6th 2019 - Mind
Mil62: 9th January 2019 - Charity Meningitis Association Scotland
Rangers1: 14 January 2019.- MFR (Moray Firth Radio) Cash for Kids.
FoamingPig 15 January 2019 - Panthera www.panthera.org
MissDosh: 19/1/19 - Heads up Charity..
Klepto: 22 January 2019 - RC ( Radio Clyde ) Cash for kids.
MrJimV 24th Jan 2019 - RNLI
PeteTheStreet: 31/1/19 – Children’s Hospice South West.
BellNippleBear: 1st February - FUTUREVERSITY
Phil32 3rd February 2019 -. Starlight Children’s foundation
Escargot: Feb 14th 2019..- Samaritans
McSpaff 20th Feb 2019,- Nottingham and Lincolnshire air ambulance
AdoubleUK: 31st March 2019 - Mendip Cave Rescue Organisation.
NorthCBubble: April 1st 2019 - Yorkshire air ambulance
ChiselHurst 18th April 2019 - RNLI
Soolsker: 18th May 2019 - RNLI
Jeez! Just remembered, as a kid, how I loved that little glass donation box for RNLI. You put a coin in (big, round brown penny cadged from mother in the local butchers) and it launched the model life-boat down the slipway. Worth every penny. ( Can't remember how it got re-set though?)
Could we see again the FOIL Date Sweepstake list, just for transparency? Apologies if it's been posted recently below.
I don't think I was in it, but happy to donate anyway to RNLI and pray I never need their heroic service.
Alfredgeorge; I see your Neil Young and raise you one Bobby Dylan:
https://www.youtube.com/watch?v=pm6xCwNKtnQ
" This is the story of Hurricane......he could 'a been the champion of the world..."
It would certainly fit the pattern with HUR ,where all the exciting stuff happens over the weekend.
Maybe I'm just dreaming.....
https://www.youtube.com/watch?v=hywPbEtD0xs