Hurricane Energy Share Discussion Threads

[fat frank] 20/12/2020 15:51

Checking my H&L trading notes I bought at 2.84 and sold at 4.14. Net of costs.

Comfortable 40%

I still hold 2.5m shares

[yasx] 20/12/2020 15:47

Ngma,

Given you aver that Fat Frank is gambling recklessly by backing Hur at these levels, what exactly do you call wading in at 55p on the premise that Dr Trice and his early stage indications on a small part of the project would be replicated throughout without anything impeding that early success? Since that is how Hurricane was valued at that stage and you recklessly gambled half your portfolio in such a high risk/low reqard possibility.

[fat frank] 20/12/2020 15:46

TGG: I will say this very slowly for you:

I

DID

NOT

BUY

ON

30 NOV

I POSTED ON 30 NOV STATING THAT I HAD BOUGHT FURTHER SHARES AT THE LOWER LEVELS

[yasx] 20/12/2020 15:44

Referencing 22281,

Although the question is directed at other contributoirs, I will express my view:

1: Yes

2: Not known at this stage since it is contingent upon several variables.

3: Unlikely

4: Possible, but again depends on other variables as I am a sure you know.


Now, here is one for you Ngms - do you agree it is foolish in the extreme to put 50% of your portfolio into a relatively unproven high risk speculative oil play that was already valued at a level that assumed or incorporated little margin for things going wrong?

You can try to throw your weight around, but you need to demonstrate you have a basic idea of matters pertaining to successful investing, as yet that you have not even remotely come close to doing.

[ngms27] 20/12/2020 15:43

TTG, you've hooked a big fat one...

[ngms27] 20/12/2020 15:42

I don't claim to know anything. What I've put forward is reasonable, thought-out views on future projections that may or may not prove to be wrong. To date I've been pretty well on the money but in the future who knows?

The fact you cannot and will not answer my questions makes it pretty clear that you are operating purely on gut as a gambler.

[thegreatgeraldo] 20/12/2020 15:38

FF....this is what you posted...

Fat Frank
19 Dec '20 - 18:34 - 22229 of 22278
0 3 2
Oh and as for your 'good call' to sell at 2.2p I actually bought more at that stage and, on my brokers advice, sold at a 40% profit.

....looking at the graph in this thread's header, the share price was above 4p from end of Nov..... so you didn't buy near the bottom as claimed..... 40% profit on stock bought around 2.2p would be a touch over 3p..yes?

[fat frank] 20/12/2020 15:31

ngms27: Very, very tiresome. I DONT KNOW, That, my narcissistic friend, is the difference between you and me; you claim to know what is going to happen. I don't.

[fat frank] 20/12/2020 15:28

TGG; Very, very tiresome. I posted on 30 Nov that I had bought more. I did not buy on 30 Nov. My purchase was closer to 4 million not 5 million.

[tournesol] 20/12/2020 14:37

Leo

you are completely deluded

you are now saying that people bought shares here because I thought and said that there was a strong investment case as evidenced by my building my own stake

and you are blaming me for any losses these followers experienced when the share price imploded.

Don't you see how bonkers that is?

a) I don't have an army of uncritical followers who buy shares because I say so - I'm not that infleuntial

b) if I did have such a following then surely they would have acted when I said I'd changed my mind and sold? so wouldn't have been sucked down into the depths?

The simple fact is that you and Fat Frank and others have continued to advocate holding/buying long after problems emerged and risks accumulated. Now I don't for a second think that you or Fat F have armies of loyal followers who hang on your every word, so the number of people influenced by your myopic and thoughtless comments is vanishingly small, but still, you and FF have urged a strategy which has proved utterly misguided.

Have the decency to own that. Stop blaming other people for the failure of this co. It's Hur and Dr T who have royally screwed up here. Decisions made by investors have not affected the operational outcome. Investment is a second order game where every individual investor is personally responsible for their own decisions.

But that said, people who post misleading, inaccurate and distorted propaganda - like you and FF should be ashamed of themselves. especially when you attack others who have a more balanced and ultimately more correct opinion.

[thegreatgeraldo] 20/12/2020 13:18

Fat Frank
20 Dec '20 - 13:03 - 22276 of 22278
0 1 0
And my post from 4 weeks ago:


Fat Frank - 30 Nov 2020 -

Now I will be honest and state here that I have bought some to reduce my average but I have not used all my available funds



Fat Frank
19 Dec '20 - 18:34 - 22229 of 22278
0 3 2
Oh and as for your 'good call' to sell at 2.2p I actually bought more at that stage and, on my brokers advice, sold at a 40% profit.

........The above 2 posts don't match at all........if you were holding that 5 mill top up on 30 Nov & sold it later, you didn't buy around the 2.2p level..... sounds a bit fishy.......

[fat frank] 20/12/2020 13:04

I think that's a pretty honest reflection of my opinion of HUR

[thegreatgeraldo] 20/12/2020 13:03

Fat Frank
20 Dec '20 - 12:51 - 22274 of 22275
0 1 0
You are deluded.

...Nope..maybe you mentioned your little top up 5 million trade & I missed it..... folk who pop up bragging about great trades after the event are usually treated with scepticism

[fat frank] 20/12/2020 12:54

For the record I am still £58k down

[fat frank] 20/12/2020 12:51

You are deluded. I have said from day 1 that I am a substantial holder (unlike you) currently showing a substantial loss but I am hoping for some recovery.

[thegreatgeraldo] 20/12/2020 12:49

fat Frank
20 Dec '20 - 12:38 - 22271 of 22271
0 1 0
thegreatgeraldo "..& a bit of a wiz on the short term trading front too..... no wonder he was trying to talk this up given he apparently picked up 5 million at the bottom......"

You are an idiot. Look at the number of HUR shares traded over the past 4 weeks and the share price. A lot of people have made a decent profit.


......& it's clear what you are...... however, as I've pointed out previously, you bring nothing to the discussion, but seem a bit obsessed with the motives of those who do try to focus on the fundamentals of HUR's position.

It's rather clearer now why you've been pushing the fantasy bull case...

[fat frank] 20/12/2020 12:45

Have you never made a short term profit????

[fat frank] 20/12/2020 12:38

thegreatgeraldo "..& a bit of a wiz on the short term trading front too..... no wonder he was trying to talk this up given he apparently picked up 5 million at the bottom......"

You are an idiot. Look at the number of HUR shares traded over the past 4 weeks and the share price. A lot of people have made a decent profit. I obviously think/hope there is a chance of some recovery in HUR so why on earth would I not buy more at rock bottom price? My mistake was that I didn't quite buy at the absolute lowest and I wasn't going to sell. It was my broker that advised me to take the profit and bank it. It turns out to have been good advice. Now the million dollar question is do I try and do it again????

[1joo] 20/12/2020 12:26

arge rise next few days as overdone

double bagger im topping up monday

[thegreatgeraldo] 20/12/2020 11:46

ngms27
20 Dec '20 - 08:27 - 22265 of 22268
0 2 1
Thanks Frank, glad to know you are also a practising Consultant Psychiatrist able to diagnose mental health issues.

.....& a bit of a wiz on the short term trading front too..... no wonder he was trying to talk this up given he apparently picked up 5 million at the bottom......

[steve73] 20/12/2020 10:51

Trouble is a renegotiated CP would IMO be c. 30-40% above the current price.. so 3-3.5p rather than the current 40p.. so they would end up with 10x as many as they could currently convert to... and that would dilute existing shareholder to about 1/3 of the new total equity..

[leoneobull] 20/12/2020 10:19

The CBs are not due until mid 2022. The CBs cannot therefore just seize the cash and assets at this present time. Where are the covenants that would allow them to do so? More like as Ggh Ggh has articulated well, unless they sanction investment by the time the CBs have taken off the decommissioning costs, they would be left with a massive haircut. Brent is recovering hugely.....better to do partial equitisation and postpone repayment of the rest, with a lower conversion price. Win. Win and lower risk for the CBs

[leoneobull] 20/12/2020 10:11

Not until the CBs are due they can't.....which means a deal with be struck