.

Bugger i must be getting slow, it never dawned on me that cynic was having a dig at me!, As to rose-tinted specs.. ahh yes one of your favourite sayings cynic,, Im an optimist and see the potential but yet understand the RISK(after all its an explorer), you on the other hand continue to slag anyone and anything a company is involved with(not just FOGL)even though you state you are invested..

I know you are a momentum trader and jump on the bandwagon, but why do you bother to post your views at all as you are starting to look slightly tarnished....

because i choose to ...... do you recollect all those posters proclaiming the wonders and potential of SEO, RRR, RRL, VOG, VGM and so on and so on ad nauseam? ...... perhaps a bit of reality earlier in the day would have done no harm ....

i accept that you, like me, will sometimes have a punt on something that is intrinsically very high risk (e.g. FOGL), but that is with a modest stake which you can afford and are prepared to lose ..... however, there seem to be some loonies here (and elsewhere) - always assuming they tell the truth - who are purblind to the odds-on chance that their stake will be near enough wiped out in the event of failure

there would even appear to be some who have a very significant holding in FOGL (or similar), constituting a very high percentage of their whole portfolio ..... speaks for itself

Ruffling a few feathers this morning Mr C?!!! I'm sure we can all look forward to a more mellow cynic after a holiday amongst the Alsation Pinot Gris. ;o)

I totally agree with Cynics post 1339 of 1341

I also think Proselenes comes up with some very good research but also twists the facts to suit his trading strategy hence he misleads people.

In all that’s what a public forum is about to exchange information and make the best decision on the information made to you.

I find it of interest in Cynic take on things as had many years experience in trading.

good morning harry and mark ..... yes indeed being rather waspish as is quite frequently my wont ..... if it upsets some, so be it, but if it causes just one other to sit back and re-assess, then the posting has done its job

Cynic,

I have always weighed your post equally with other, my last post was just pointing out that recently your posts mainly consist of digs and not well argued comments/opinions which used to be your Hallmark.

Regards Greek.

Cynic has gone off his rails... haha... he can't accept other people's views.

that's ok greek; i confess i spend far too much time and repetition on PPs unremiitingly ramping threads ..... for all that, i happily maintain my view on this stock for the reasons given yet again earlier this morning

however, it is a matter of fact that most posters on BBs are blind optimists - or something approaching that - which is why such media (mediums?) have a generally poor reputation in the investment industry - not that they seem to have much clue most of the time either!

At the end of June, Falkland Oil & Gas said it had $220m of cash on its books. More importantly, when its current drilling programme is completed, and assuming there are no material overruns, it expects to have around $200m (approx £125m) remaining.

£125m / 320m shares in issue is 39p, shares currently trading at 88p so 49p per share is the premium associated with the current drilling programme call it risked if you wish.

With such a high premium risked at this stage I completely understand why anyone wouldn't want their portfolio heavily invested in this stock. If your holding 400K in FOGL shares and claim you've spread your risk evenly then by any means you have a substantial portfolio which begs the question why are you posting to a free BB.

chuckle chuckle! ..... hence some of my comments ...... thank you

cynic , for what it's worth you do occasionally come accross as a bit of a smug baxxxd. But I like you :O)

Shortie, the bit you miss is you never see me claim to have an "evenly balanced portfolio".

Thats for retired people and the aged - those who cannot accept risk.

My portfolio is highly weighted to FOGL, 400K shares with an average in the 50's - I am very relaxed.

Chuckle chuckle chuckle................

"Thats for retired people and the aged - those who cannot accept risk"
That's a pretty sweeping statement, which is inaccurate and bigoted.
Shame on you Mr.P.

and chuckle.......doesn't really get you out of jail!

P - point accepted, my mistake. £196K though is quite something of a premium to risk over FOGL's NAV, personally I'd have cashed some in, each to their own though. By the way I do enjoy all your research and the diagrams you post. Keep up the good work.

£196K is 49p as per post above premium times 400K in shares if your wondering.

is PP one half of the "Chuckle Brothers" in which case is Cynic the other half?

FOGL has 6 or so similar prospects to BOR's Darwin - so its good news that BOR has done well, all adds to the FOGL upside and limiting the downside.

it certainly helps, at least a bit, though the market has still not shown great enthusiasm for either

Reminder of the similar prospects that FOGL has, given Darwin news.



.

Should see a steady(if not a deluge!!lol) clambering aboard of FOGL over the next few weeks, the investors in BOR will be trying to drain as much as possible out of the rise before bailing out and jumping into FOGL....OMO