< "> edit this post http://www.investegate.co.uk/afren-plc-%28afr%29/rns/trading-statement-and-operations-update/201301210700069619
http://www.investegate.co.uk/afren-plc--afr-/rns/2012-full-year-results/201303250700107200A/

In an attempt to cut down the header page,i've transferred some of the older news to Page1 post No.3.

http://www.oil-price.net/index.php?lang=en
http://www.ft.com/home/uk

http://www.investegate.co.uk/Article.aspx?id=201111020700081674R
http://www.investegate.co.uk/Article.aspx?id=201111150700250723S
http://www.investegate.co.uk/Article.aspx?id=201112010705051251T
http://www.investegate.co.uk/Article.aspx?id=201201170700146472V
http://www.investegate.co.uk/Article.aspx?id=201201230701479690V
http://www.moneyam.com/action/news/showArticle?id=4323758
http://www.investegate.co.uk/Article.aspx?id=201204170700164488B
http://www.investegate.co.uk/Article.aspx?id=201205140700212304D
http://www.investegate.co.uk/Article.aspx?id=201205210700407032D
http://www.moneyam.com/action/news/showArticle?id=4430164
http://www.investegate.co.uk/afren-plc-%28afr%29/rns/significant-new-seychelles-3d-seismic-programme/201212120700052973T/
http://www.investegate.co.uk/afren-plc--afr-/rns/2013-half-yearly-results/201308230700063334M/
http://www.investegate.co.uk/afren-plc--afr-/rns/ogo-drilling-and-resources-update/201311190700083404T/
http://www.investegate.co.uk/afren-plc--afr-/rns/trading-statement-and-operations-update/201401280700096280Y/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201405200700135209H/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201410300700116483V/
http://www.moneyam.com/action/news/showArticle?id=4942625
http://www.moneyam.com/action/news/showArticle?id=4943375

In freefall.. UP.

Some nice profits being taken,up over 40% on the day.

Declared short interest now 7.22%.
This is just volume from the pump & dumpers, imo.
Another bidder would be nice, but can't see it happening with the mountain of debt.
I think we are expecting news soon of the debt restructuring, which may be driving things.

Agree,but a traders dream at present.

Worth a quick read.............
http://www.fool.co.uk/investing/2015/02/17/why-afren-plc-could-surge-to-50p/

Gone to 13.70p this morning

But as the 3er day on the rise and Thursday, profit taking has been taking place now only at yesterday close

Oil price losing ground

it would take a very brave or very professional person to try to trade these
shark-infested waters of the highest grade

you mean " Balls of steel "

it is a well known thing.......... something you don't have

your bla, bla and more bla
.....I will short
.....still is not high enough to short

personally, i think it's a lousy game to try to play, though entertaining to watch
you may need to prove how butch you are or at least pretend to be; i don't

and yes you're right about me thinking of shorting, but as i said at the time, probably shan't
even so, i feel the fundies behind this stock and the prospects do not remotely support the current pirce

Taking the pi..

re - butch

you are out of touch, the word use this days is "MACHO"

re - prove

do you feel the " balls of steel" ? just to make sure

they say the feeling is "cool"

Mr Cynical and Mr Mentor
Perhaps we should all try and stay with known facts
rather than feelings, and one upmanship.
That may relieve us of a lot of unconstructive discussion

i feel the fundies behind this stock and the prospects do not remotely support the current price


concise enough for you i trust, and no different from what i have been saying for a while ..... i may be proved wrong, but then so are bookies a lot of the time

Why ?

re -Perhaps we should all try and stay with known facts

yep
I just work with words of - Mr Cynical

merely repeating what i have said several times before

the company is swamped with debt
the price of extraction remains significantly(?) above the present price of either brent or wtl (take your pick)
there is no management worth a candle
there is no need for any bidder, should there be one, to offer more than a paltry amount which, so long as he can satisfy the bondholders to some degree, will probably be accepted
there is no need for any bidder, should there be one, to have the remotest concern for the interests of the PIs, so they'll end up with zero

sufficient?

Mr Cynic - I do not care one bit about what you "feel",
but now I can see your reasoned argument.

Thank you for enlightening me with your reasoned thoughts

you're more than welcome to disagree
unlike several on this site, i do not take umbrage with those that do

rekirkham

Take it from me there is some people over here that what they say on one side doe not go with the other
I have never took any notice of "Mr Cynical " positive or negative views as my point is he has mot much idea of shares though tries to convince anyone that he does

I will explain

his recent comment... that he will short it ( share price at about 7.50 to 8p ) next day is not high enough, today reach over 13p no action yet

now if he believe is going to "zero " sure one will short the stock at any price

therefor my conclution is .......... just " all mouth no trousers "

so no wonder that I take the Pi.. so often

-------------
He did not tell you above .........

many believe the assest are twice the debt
many of their production has been sold forward at $90
and is Brent equivalent the price they get ( the expensive one )

note : I have no position at this moment

i have no problem with you disagreeing with my view, but you seem incapable of so-doing without being personally offensive - just as you were as MRSI and subsequently menorca and one or two other aliases here

Plus there could be a placing ..

I more agree with mentor and i'm not blinded by the fact that i bought on the way down so am sitting on a huge loss (my own fault for not using my stop) ,i just think they will survive .

If it goes pear shaped then it's a bad start to my year ,i pulled in a decent percentage last year so will have to lump it and see with trading how soon i can break even .