Proselenes
- 10 Dec 2010 13:31
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3 monkies
- 05 Aug 2011 19:02
- 1255 of 5221
You to, it would have been better it I had chanced it, did not but may have a serious think on Monday depending on what happens. Enjoy the break.
gibby
- 06 Aug 2011 16:02
- 1256 of 5221
quick check in...... interesting rrl extract & link - but keep an extraordinary eye on red emperor rmp monday - should do well apparently - likely at very least an early spurt i am told..... & yesterday...
http://www.stockopedia.co.uk/content/barney-gray-of-old-park-lane-capital-talks-oil-liquidity-and-range-resources-58780/
Range Resources, a client of yours, has become a hugely popular stock over the last 18 months. What has that company got right and how does that fit in with your view of what investors are looking for in junior resources companies?
There is almost a magic formula which involves an element of production that throws off some cash flow, which enables you to pay your bills and gives you the leverage to raise more money and go and drill some nice low risk, high impact exploration targets. Not many companies fit into that particular mould but you can get there with some very astute deal making. A small company with production enabling it to spend on exploration is very rare. Range Resources have done this but you cant do it overnight. You go back to the beginning of 2010 and their share price was less than 4p. The market got excited about some exploration assets they had in Puntland, and obviously Puntland still hasnt drilled yet, but in the meantime they were able to use the cash they had to get into some production assets in Texas. That was all about timing, skill and judgment.
A distressed partner drops out, wells cant be drilled, so you come in with a couple of million dollars and you say: Im your man and then the drilling commences. You have to be opportunist, you have to know where the opportunities are because simply buying production is a very expensive game, you have to have something extra on top of that. With that they bought into Texas and then they started shaping up the Georgia prospect and then Puntland is getting closer, although it is a slow process. In all that time they didnt drill an exploration well but now they are, the time is right and they havent put a foot wrong really. Trinidad was a great deal, we are really impressed with Trinidad. Straightaway, they have got the cash from a share placing, they have got a 21 well development programme and this is still an oil junior. They have got exploration wells going down and they are still producing in Trinidad and Texas, what a cracking, diversified portfolio. It is a great example of what you can do to get your market cap up by a factor of 10, which is what they did. You need a little bit of serendipity, sometimes you need the cards to fall in the right way for you, but that was astute deal making and now they are drilling bang on the right time and scouring the world for good assets.
Good assets will always be out there and attract the right investment, and obviously us being able to tell what is a good asset from an average asset is obviously paramount, we have to be able to do that. If you have oil juniors come along with mediocre assets they are probably going to find it hard a $100 oil price isnt quite enough incentive. Sometimes it is all in the presentation, you have to present well, you have to build a very, very convincing, straightforward exploration case. Keep it simple because complicated small companies are not something I think investors like.
rest of article ok also.....
yeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
dreamcatcher
- 06 Aug 2011 16:08
- 1257 of 5221
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gibby
- 06 Aug 2011 16:28
- 1258 of 5221
lol - i think tb must be stalking me!!
dreamcatcher
- 06 Aug 2011 17:12
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dreamcatcher
- 06 Aug 2011 17:45
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gibby
- 06 Aug 2011 23:38
- 1261 of 5221
dc sa is good news only just over 5.4 - city celos tonight chilling:
http://www.youtube.com/watch?v=KCeERijrC5Q&feature=fvwrel
http://www.youtube.com/watch?v=ykxzQokuZuc
http://www.youtube.com/watch?v=wJyvqfqC7Bw&feature=fvsr
http://www.youtube.com/watch?v=iWI_HjSGXA0&feature=related
htthttp://www.youtube.com/watch?v=w4XuutYVFO8&feature=relatedp://www.youtube.com/watch?v=2lDDHiVgHtM
http://www.youtube.com/watch?v=MuvZhPDr5-U&feature=related
http://www.youtube.com/watch?v=6vHH5Hon6M0&feature=related
http://www.youtube.com/watch?v=TK5Bhb6KGq8&feature=related
http://www.youtube.com/watch?v=drsTFYUkHXU&feature=related
appologies probably wrong room - but we all seek rmp monday kerrrrrchinnnggggggggg
chels tonite! lol
mtc
gibby
- 06 Aug 2011 23:50
- 1262 of 5221
LONDON TOWN LOL !!!!! on my boat tonight just outta uk waters lol!!! :-;
http://www.youtube.com/watch?v=BcP_EsLFXGwhttp://www.youtube.com/watch?
v=6vHH5Hon6M0&feature=related
SCRATCH THIS LOL!!! http://www.youtube.com/watch?v=EkXcyOiYQfY&feature=related
LOL http://www.youtube.com/watch?v=QjT7G2216-E&feature=related
dreamcatcher
- 07 Aug 2011 09:22
- 1263 of 5221
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gibby
- 07 Aug 2011 12:42
- 1264 of 5221
apologies! lol back tomorrow near heron quays west, near to where we all need to be on board
party over soon back to business - yawn
lol dc - rrl shares you are right worth having not just mine but anyone holding - roll on 80p+ - mate last night all but confirmed around 7p back around feb next year APPARENTLY as texas will be liquidated
yeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaa
http://www.youtube.com/watch?v=h3rFMUn7olc&feature=related
gibby
- 07 Aug 2011 12:43
- 1265 of 5221
saudi blinked at the us rating review - dont worry imo
dreamcatcher
- 07 Aug 2011 12:44
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gibby
- 07 Aug 2011 12:57
- 1267 of 5221
bonjour! out till tomorrow now..
http://www.youtube.com/watch?v=EZhY7fD1d4c&feature=autoplay&list=AVGxdCwVVULXctxoMtroX8z1pb-L5mvOXu&index=2&playnext=2
gibby
- 07 Aug 2011 12:58
- 1268 of 5221
lol dc
gibby
- 07 Aug 2011 13:00
- 1269 of 5221
the canoe off course!!! not but i liked the solid bit of rope mooring to nowt
gibby
- 07 Aug 2011 13:03
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:-)
lol watch rrl next week : caveat value latet
dreamcatcher
- 07 Aug 2011 13:09
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dreamcatcher
- 07 Aug 2011 13:11
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gibby
- 07 Aug 2011 13:34
- 1273 of 5221
dc - lol - drunk on success i am afraid! however seriously rrl is very hard call - spoke to traders most weekend not just rrl - however for my long rrl i expect sp to be 12p + end week but fantastic peaks & troughs this week starting tomorrow - more a trading week as rmp and others will be
by the way some of the links have messages hidden not just music - cant say too much however this is a funny easy one to laugh at : gl
http://www.youtube.com/watch?v=CMcqmn6kOgI&feature=related
gibby
- 07 Aug 2011 13:52
- 1274 of 5221
out till tomorrow......
http://www.youtube.com/watch?v=2lDDHiVgHtM&feature=list_related&playnext=1&list=AVGxdCwVVULXdjceAGWyWVfQgkvlykR4Gk
http://www.youtube.com/watch?v=nhAgBgkT8-M&feature=related