Highlands Natural Resour... Share Discussion Threads

[costax1654x] 24/7/2018 12:32

Buy cheap sell expensive!

[chesty1] 24/7/2018 12:18

Market is taking a dump it was a bit hyped up imho but happy to hold

[soounder] 24/7/2018 12:14

bobby1904 - they are just taking a bet that there will be more of 'us' selling and that they will lower share price more for new entry so they can make few more quids by trading HNR as usual. It my work, although quite risky at current share price and with all the news coming. It would make more sense above 30p but not below 25p. Let's hope that someone BIG will swipe everything in range 22.5p to 24p with few significant buys as it was like that in the last few days ;)

[bobby1904] 24/7/2018 12:05

The morons have taken over yet again!! What is rationale to sell today? Results today are only positive. Conf call reaffirmed fully funded no financing required. 2 wells producing at no cost + 6 more coming into production before end of yr. lots of potential big upside at West Denver + DT ultravert, Helios, Nitrogen CO2. Some serious lack of intelligence amongst holders here. Beyond belief really!!

[costax1654x] 24/7/2018 11:32

Not all of them!Yes

[soounder] 24/7/2018 11:08

costax1654x - be honest - you have already sold at 24p and now you are looking for new low entry at 22p ;)?

[costax1654x] 24/7/2018 11:03

At 22 I will buy 100000 shares

[costax1654x] 24/7/2018 10:59

When everyone use to deramp I was holding the chat by myself

[costax1654x] 24/7/2018 10:58

I have shares here!I'm looking to buy more

[bobby1904] 24/7/2018 10:32

Think you missed the $5.4m post year end!!! They have loads of cash & it will only be increasing by the day especially as the next 6 ED wells go into production soon. This story now looking very solid indeed. Very positive imo!!

[e-wan] 24/7/2018 10:30

Great RNS and I will be increasing my stake

[bobby1904] 24/7/2018 10:16

Just worth quoting fact ref cash position. "Post year end transaction generated an immediate cash injection of $5.4m as well as eliminating the Group's capital requirements as regards East Denver with effect from 1 May 2018." Ignore rubbish posted here earlier about only £300k cash as that was for period ended 31 March. The cash noted above after end is what's important & this is only increasing as they share in revenues from current 2 wells at ED + the 6 newly drilled wells due into production shortly. These results are strong & selling today is by idiots who are programmed to sell on news or who can't be bothered to read the detail properly!!

[cotton4] 24/7/2018 10:01

If current wells are as successful as the first two, they expect 7.5% carry on 5000 bopd. 5000 x 365 days at $60 at 1.3 exchange = £6.3m. Replicate that over the 24 wells is £19m. Add in West Denver/Montana/CO2/Nitrogen/Untravert. Whats not to like.

[soounder] 24/7/2018 09:39

Or rather Very strong support at 23p. It will stay between 23-25p until next significant positive news ;)

[soounder] 24/7/2018 09:37

Very strong resistance at 23p. It will stay between 23-25p until next significant positive news ;)

[shirley83] 24/7/2018 08:21

Back to under 20p it seems

[costax1654x] 24/7/2018 08:20

I New is gonna happen!A red day today.Let see how it ends

[bobby1904] 24/7/2018 07:51

These are fantastic results and back up those of us who held through all the trolling!! Well done long holders!!

[city chappy] 24/7/2018 07:45

Going to create distributable profits of £14m to start paying dividends.

[nobullplease] 24/7/2018 07:39

They also received significant oil revenue between 31 March and the point True took a 92.5% interest!

[city chappy] 24/7/2018 07:37

Cash generative and a free carry on up to 24 horizontals in East Denver!

[soounder] 24/7/2018 07:35

£361,690 only by 31 March 2018 and later on 20 April 2018 they have received $5.4 million from True Oil deal ;)

[costax1654x] 24/7/2018 07:13

361 000£ cash!!hmm!let's see how investors will react!