Member Info for wyndrum

Certainly thats one scenario Xenor, or 17.5p might come first as it leaks there is a deal about to be announced and some try and get in front of the news?

Its just another way to make decisions on when to buy/sell given that buying after news, good or bad either mitigates gains or increases loss as people react.

I have bought some today on the bounce off 11.75p. But I will sell if it closes/holds below 11.25p.

At its best it increases gains and caps losses

As always, Each to their own.

Well we fell back after the break out...

It has bounced off a support at 11.75p and the next target is a break/close above 15/15.5p. (there is asmaller target of 13.5p to close above. and that would be confirmation of the downtrend likely ending.

For the more risk averse we are in a trading range between 9p and 17.25p so some (many?) will wait for 17.25p to be cleared before committing funds.

Fwiw, 750p looks pretty good from a chart perspective.

Roge,

This is the normal response when people who profess not to be gamblers but investors, realise they are gamblers, putting vast sums of money that would emotional hurt them if they lost it.

It does not apply to all but certainly some. I thought it worth highlighting.

If it does not apply to you, then great.

Pete, obviously the analogy did not work for you. I was trying to highlight the unknowns on any company you invest in even though there is so much info available.

it might be bad luck but the amount of breakdowns so quickly on the rig looks like it was a poor buy. except I don't know the going rate for 2nd hand Predator rigs to make a judgement, do you?

I don't how experienced/competent the actual staff are running the rig, do you?

I assumed that they knew where the TD was but it turned out it was 300 m further down. (that was quite a bit out)

There was the ambiguity in the cash raise at the last minute. I thought it would not happen. Good job it did given where we are now. But nevertheless many here were surprised.

We expected a 2nd drill this year ( having been told we would) but now due to events this is looking unlikely.

Has anything gone the way you expected over the last 12 weeks? And you were pretty well researched were you not?

Morning Legal:

"The whole 'only put in what you can afford to lose' can be a bit difficult to achieve in practice,...For most, if they think a stock is going to make a big move up, they will inevitably want to put a decent amount in, in order to make a decent return. Otherwise, what is the point, "

If Wolfy's's remarks chime with anyone else here then read it back a few times until it sinks in.

Would you bet £100's or £1000's on a horse in a race? If not why not? There is masses of info on the horse, masses of info on the competition. Presumably its the risk involved.

What could go wrong? (Horse might not be feeling well, closest rival may have been held back in previous races to look worse than it is.bad luck with another horse colliding into it, or maybe there is nefarious goings on too.)

In other words for all the information available there are still far too many unknowns to bet that sum of money on.

Its the same with stocks, is it not?

And finally. Its is fairly easy to get rich slowly. Getting rich quick is hard.

And my favourite stat is: If you had 1p and you bet it on red/black on a roulette table how may times would you have to be right to walk away with £1m...32. 32 correct guesses and it compounds up for a penny to a million quid.

Get 20% a year return starting with £5000 and see where you are after 20 years....

Roge, again I think you miss the point. If it all works out then great, we all make a gain on the rising SP.

But what makes people anxious and (particularly) emotional is when the SP goes down due to unforseens or unknowns.

If you had a £100 invested you would not care... thats my point.

The "glass" is not a good analogy.

The key is to remain emotionally detached. To be positive or negative is absolutely irrelevant to the outcome as it will not affect it at all.

imo you should always look at the (reasonable & realistic) worst case and then figure out how you would feel if it happened. And you should do that before you purchase the stock. (imo)

I think the point is Cybs, if it is just a mechanical break and gets repaired and then starts up again great, but what if its a much more serious fault than initially reported, more expensive, much more time consuming? What if the hole deteriorates in the meantime?

I am not suggesting any of this will happen but it would have a material affect on the SP and that assumes there is commercial helium down there.

All of this can only cause anxiety if over committed. And (if not sure), if it is causing anxiety then the individual is over committed.

ATB

Although its a drum I often bang, it does work....

If you don't over commit none of this matters.

If it was a £100 invested who would care? Maybe if it was £1000 it would still be ok for most here.

But once it makes people nervous or irritable or tense, you have to ask the question... is it worth it?

Is it worth reading these BB's as often as most of us do for perhaps a grain or nugget of info to reassure or cause anxiety?

Life's too short (imo dyor etc etc)

I was wondering if the IM project is tied to the commercial finance deal .

The various court cases and appeals could be coincidence but if it has (and it must have) with Planning Permission, a value, lets say £50m?, then that goes a fair way to underpin a loan, or at least alter the risk profile for the lender in the worse outcome. If there is a chance that the project is overruled at appeal (no matter how slim), then that would alter the asset value of H&W and the lender would want a higher return for the added risk.

Quite how this circle is squared I am not sure. Perhaps behind the scenes the Govt is providing short term working capital until this is resolved?

Just my thought process. DYOR etc

Hebs,

That is one scenario, but for the company to go under with the resulting unemployment in basically an election year in a politically delicate community I think makes this more political than commercial.

The scale of orders coming in and the upgraded works undertaken and extra employment, also I think undermines the likelyhood of your potential outcomes.

On the other hand this very long delay and missed timelines for a re-financed deal to be concluded makes your hypothisis at the very least possible.

On balance though i think there is too much politics in this now to "fail",.... but thats just my take.

As always its risk reward.

This is a set back that based on the RNS is unquantifiable at this stage. As Joe says, it could be very serious or it might not be, we don't know.

But this is the 3rd breakdown in what was expected to be just 2-4 weeks of drilling. Is it fit for purpose? will it be capable of a 2nd drill? Certainly this would appear now to rule out a 2nd drill this year.

So lots of unknowns at this stage. and a new RNS on Monday might say its fixed and everything back on track.

Personally I think it broke down early this week and they have had days to fix it without success and had to make the announcement today.

Further given the reasons for a quick 2nd drill at the time, with cost savings, means those saving have gone and a further rise now is at least up for discussion.

So imo, the risk has increased while the reward has remained. How that affects the individual's holdings are obviously down to them. But i imagine the volatility will increase further with swings being larger or maybe quicker than expected.

DYOR etc etc

"Weaker money out, stronger money in. 👊"

Bear in mind that when you get quick large percentage share rises then you will get more volatility and bigger swings generally, (down as well as up).

Fwiw, its good to have plan as to what the individual might do at various price points otherwise these swings (if they come) can be mentally unsettling, (in both directions actually....)

Morning Chesh well, the test of 6p was short lived thats for sure, but there is a lot of the day to go so as always we will see.

But looks promising...(famous last words.....)

Here is the push down to test resolve of 6p.....

Hi BP,

Its just that 6p has been a recent high 3 times before falling back.

That means that previously every time it reached 6p holders thought it was worth selling. Then it fell back to a price that buyers thought it worth buying some and up it went again.

Whats happened now is the the 6p sellers have gone, so buyers now have to pay more and they think its worth it so now this 6p barrier is now a support.

Tomorrow it might come under pressure as the MM's might push it down to see if this triggers selling and if it does and the price falls then its called a "false breakout" and we are back to a trading range and 6.05p becomes the new breakout target.

So when its this tight a bit of caution has to be used. but its fun when targets go as it more often than not opens up the greater chance of further rises.

GLA

How exciting!! :0))

Actually Karl is bang on the money

He said ultimately capitalism will destroy itself as, through the free market, will lower its prices to survive until it can't and then dies.

Now, I don't think we are there yet for sure, (but there are plenty of examples now) but when you look at the threat that AI is meant to possibly be, then where are all these jobs that could be taken out of the market going to come from?

Wouldn't that be nice Forrest!

Half is right though, the real test comes when it is 6p to sell

Now, I think, its going to get interesting:

Getting close to 6p to buy which means there are people out there either unaware of a celling or don't care, or figure its going through it.....