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Well mr Bum or since you have repeated yourself perhaps total arse is more appropriate. The SP here hit 7p. One heck of a turnaround since then! A 6 fold increase but you call it a dog. This share is bound to be volatile I guess you are new to shares and have never heard of investing. An investment should be held over years not weeks. GLA
ECH- I have read every RNS and am well aware of the failures. Per my earlier post this has been rescued by commodity prices. The management are rubbish but eventually production multiplied by price per therm will do the talking. In the meantime I am very chilled. GLA
Great so every PI knows more about the company than the management. Laughable and somewhat egotistical on behalf of the posters themselves. For my part I am very relaxed and await the next RNS as opposed to listening to self appointed experts who actually "know" SFA and present their suppositions as fact. I await an RNS and actual production like the rest of the market!
I read posts here with incredulity. The last RNS was only 26th October. They said they are aiming for 1st gas in Feb but the CPR is still set for 15/3. Thus if they hit gas in Feb they would be ahead of their revised schedule. They also said that they aimed to give a further update during November. Forgive me but we are still in November!!! Personally I am very relaxed..crap company, crap management but they got lucky due to the spike in gas. I still expect to escape here in profit but the SP awaits news of actual production.
I think that some posters need to accept that in 2020 Tullow was in a difficult place. A debt mountain with debts maturing and creditors very uncomfortable. Oil went to $20 per barrel and the BOD did not have a crystal ball and thus did not know vaccines would appear 1 year earlier than forecast and rescue the global economy. The sales they made were forced sales so there is no point bleating on endlessly about them with 20/20 hindsight. Without those sales the company may arguably gone into liquidation (that's why the sp hit 7p DOH!) . The outlook now is very different so lets move on...
Investment in shares is supposed to be that. You do your research and then you invest for a period of time. In the meantime the SP will rise and fall based on news and sentiment. Sentiment is illogical and fickle. Ultimately nothing fundamental has happened here to drive down the SP. Thus if you have done decent research and trust it and are not "balls deep" already this is an opportunity to buy the dip. I bought another 100,000 on Friday , happy to buy the dip in the same way as I repurchased equity trackers on October 6th (happy to buy the dip). Good luck All
Sanderson strikes again. Another big success to chalk up for the share holders...."the train is leaving the station". Planning consent is normally the product of meticulous research and well presented documents. You need a team of professionals. Sadly we have a bunch of amateurs who know they are simply rubbish. So rubbish that they never invest here!
I think a bit of RNS reading is merited. 19th June 2019. At $50 per therm estimated net value of Saltfleetby to Angus = £49.6m.
Company market cap today is £10m!!!!!
The price of gas today is????!!!
People who call this poundland in this environment are clearly intellectually derelict.
Odins , I had 2 total woofers that were showing similar losses to the ones you cited.. 88e and Petro Matad. A miracle happened they shot up in value and like you I escaped earlier this year 75% losses to good levels of profit so there is always hope . I got out of Matad at 6-8 and 88e just over 4. They are now 1.65 and 2.7 respectively. I may re buy them. I never blame anyone for making money. Each to their own Good luck
Well done Odins. When you buy a share and hold your nerve when it tanks it is always good to escape with your cash. I guess you would only re buy if it falls back. In which case I hope not to see you here again!!! Good luck
I just re-read the RNS. There was a lot of equipment due in October as part of the timeline. Perhaps this has shown up given greater confidence for those "in the know". We could even be lucky in that some of the delays have been reduced or just greater confidence in the timeline combined with higher gas prices...just guessing. My B/e is circa 3p so I cross my fingers. I always thought 2-4 was doable but that was prior to both the cash raise and the surge in gas prices. I still expect to get out of here in profit. GLA
You are right of course my numbers are wrong just checked £1806 not £1809. I was £3 out. I have just amended my spreadsheet. Also I think some people are pretty poor at Maths. My initial stake in Tullow was a decent size that I progressively derisked. This share has more than 5 bagged for me. Holding 260,000 shares for £1806 is hardly hard in that scenario. Try starting with a sum of 30-40k as the initial holding ...some people!
FDM, For me this was a punt, a high risk play which is why I de-risked quickly and I have traded. In contrast with current management strategy combined with POO the company is pretty solid. £1 is pretty doable but for higher SP's we need some decent drills. I am happy to enjoy the ride. I have made back here what I lost on UDOG (UKOG) which is why diversification is so critical. Only a liar always buys at the bottom and always sells at the top. Even with the best research we all get dogs. GLA
I have been here for several years. My view has always been it is the right asset but in the wrong place in terms of infrastructure and politics. But ultimately it will get built. There has been a big political change due to Afghanistan and a potential new cold war brewing between the US and China. There is an old saying that your enemy's enemy is your friend - enter Russia. Russia was formerly your biggest threat.... I believe that prospects for AMC will start to get interesting not just because of a higher Nickel price and the TEO. GLA
Jubileey, you never win them all (don't mention UKOG!!!). But I gambled right here buying initially sub 10p and then some at 7p (and it was a gamble at 7p with oil at $20 and eyewatering debts). I then de-risked and have actively traded. All in my pension and ISA so £1809 total net cost. Good luck to all
I am very happy here 260,000 shares at a cost of £1809. I also have TB Guiness global energy and Ishares MSCI world energy sector funds. I think that the sector has some way to go and that POO is rapidly repairing balance sheets. I like Tullow but I also like a diversified sector play. GLA