Member Info for Yachtmaster

The problem is that Arthur has lost credibility. He can't be trusted to deliver. Until he actually delivers then nothing is going to shift the SP.

Where in Bolton is the party Bolton? I don't know Bolton. I have been to Holcombe Moor to shoot and have a go on the Krypton Factor assault course. And use to go to Chadderton for BT. Of course you can have lunch. Just don't know Bolton.

Hi Bob, yes he needs to calm down. Looking forward to the 5p party. First round on me. I think this is going to be a slow build up but once the Atomic production figures are published we will be off. And then OPL226 later in the year.

Probably next Thursday.

I did some digging on hedges last night and the only legal requirement is for a company to report them in their annual accounts which is what I said last night. Given Atomic is currently a private company then we may not be able to see any existing hedges. When Atomic becomes a public company then we will see the hedges in the distant future. Again what I said last night.

I would say a hedging contract is a company secret. You don't want other customers to know at what price you are selling your oil. Hence in my experience you don't find out until after the event. I have never come across an oil company that discloses in advance what hedges it has in place.

The Sp is not going to fly until the market is notified that the loan has all been agreed. Which could be anytime. Monday was just one of Arthur's wishful dates.

Shareholders usually only find out that a company has been hedging the oil sold in the annual accounts statememt which can be over 9 months old.

A hedge against the oil price would get mentioned in an operational update RNS but wouldn't justify its own RNS. Based on hedges from other oil companies I have been invested in. Eg. SAVP, AMER, ETC.

Or was that mental fatigue!

Best thing is to place a limit order.

And Amer was sold off far too cheaply. Should have been at least £500m.

You hit the nail on the head there TradingLad. Better the devil you know as they say.

Yes I am realisticly expecting deal closure between 15th and 28th Feb.

What we need is the RNS saying the finance is all sorted and the SP will move up. Then a couple of days later an RNS saying the Atomic deal is all sorted.

That is a very strong case for EQT aandi. Many thanks for posting.

For starters this isn't a mining company. It is an oil company. There could be dilution on the completion of the atomic deal in the next week or couple of weeks. However, everyone is hoping the share price will be above 1p by then.

I reckon about $65 to $70 before supply increases.

Simple. AM needs to show the market that he can deliver. Too many false promises in the last 6 years.

Yes totally agree TradingLad. Arthur may well have to prove himself for a while. Should be quite a lot of news over the next few weeks though.