Member Info for Zebra04

Was unable to sell £200 worth of shares at 1.5 bid. Now at 1.2 can sell 8k worth. Clearly mm's trying to pick up shares. Thay spread will put off new buyers

They've dropped the bid but its still 1.59 to buy.

Yes thats true but in cash terms he's on a paper loss of £450k.

We're left wondering if there is a delay in morroco due to corona. Considering the recent placees are down over 50%, Paul still doesnt feel it neccesary to release a proper update.

This is despite he himself being down massively this time. He's got £1million worth of shares at 2.8p and is down 46%.

Unfortunately that's how it goes with paul. I have been annoyed with him for similiar reasons in the past.

Today's rns had nothing of use in there. Investors would like to know how corona/oil price war affects us.

Unfortunately i think it will be some time before investors realise value here. People will re-enter the markets by buying safer blue chip stocks first.

News of rig mobilisations should give us some support to move up from.

Wti up 7%, bp up 15%. Stateside shell is up 15% premarket. We're red still.

We could do with an update from Paul to let us know how current global affairs affect us and to reassure investors.

My average is at 5.0p. Holding of bringing down to low 4s till we hear something from Paul. My target is to get my average to the placing price.

Wti up 5% but we're in lockdown. Tomorrow could be blue or red, its anybodies guess.

Not at all. The cases have not yet peaked in the west. Also oil recovery looks far off still. Us needs to mediate between russia and Saudi. All 3 need to agree to a major production cut.

Yes it is. All the trades exceot those at 1.6 and 1.59 are buys.

Just bought £1k worth at 1.71. Brings my average down to 5.25. Would like to bring it lower but need to be disciplined. Holding 460k shares.

@chancers i bought some coke shares today at 41. Its lost its last 5 years of gains. Its ex dividend at the moment but longer term it should be back to $60. 50% recovery from where it is now and a decent divi.

Chancers ive been looking at shell and chevron as well. Holding out to see if they maintain thier dividend. Ive veen barvain hunting, picked up a few blue chips I've wanted to own at huge lows.
Also managed to pick up a btc at £4200.

Have some funds left to averagr down here, but tired of buying to see it fall further.

We have more cash than our mcap. Way oversold, rsi is at 11.
I would rather we stuck to original drilling schedule if possible. We neeed to make our first diacovery and also prove the concept in Trinidad. Been waiting a long time for both.

I agree something fishy is going on. Large sells used to bring down the price to then be deleted.

Somebody small wont have the ability to do that, so yes it could be arato but i dont see the point unless they want to convert at the bottom. They may just be selling to free up cash.

Its not the time to buy stocks. However there's good opportunities to spread bet on futures.

Of course I feel being down 70% on this. However the comoany is not going anywhere. We will eventually recover but may see 1p before then. 10k would buy a million shares at that price.

Also the T trades are being rolled over and so it will be longer before they expire.

Yesterday they dropped it on that 500k sell. Which was then deleted today.

Brutal fall in sp, my average is 5.7. Even those that bought the placing shares are down 45%. Well timed by Paul i guess. My worst performing share.

On the bright side, at least gas has not fell as much as oil. Not sure how the market will react to a gas discovery at a time like this.

$45 is break even for Trinidad. We just need to prove the concept is viable, then shelve it till oil recovers.

We're funded to see out the coronovirus and oil war impact.

We're at ipo price which seems to be acting as support. We fell 2% yetserday when the market tanked and no change today whilst it's blue.
Small top up for me.

Agreed chancers. It is all about perspective as well. At these prices Paul is at breakeven and will be feeling it more than any other share holder.

At ipo he took up 45% of the 100mil shares available. That comes to £1.26million. At 12p his investment was worth £5.4million and he did not sell any. He felt it was too soon and too undervalued. Even dumping 10% would've baged him 500k.

He still seems calm and so am I. We will weather this storm, may take a while. I hold these in my sipp and so it is not cash i need to access in the short term. Eventually the market wont be able to ignore us. Mcap under 6mil is a joke.

Good thing paul raised when he did. We have 3.5mil in the bank. Not sure how much more we can fall. Current mcap at 6.5mil is less than 2x cash reserves.
2.8p and we are at ipo prices. Great buying oportunity for LTH to average down. Fall due to temporary external factors.