Ophir Energy Share Discussion Threads

[badger60] 30/1/2018 15:42

Nothing. I sold my last 49k at 67p. My overall average sale px was a tad over 74p

[jotoha2] 30/1/2018 15:40

So Badger , how much have you lost on this dog , you were a big spender at one point !

[jotoha2] 30/1/2018 15:37

Their mission statement is to increase NAV per share , so on that basis the last 5 years have been a total laff.

[barnes4] 30/1/2018 15:34

Yeah yeah yawn yeah

[badger60] 30/1/2018 15:32

Poo is taking a kick...... could this also be the start of a significant general market correction. At the moment I'm just in cash.....

[badger60] 30/1/2018 15:22

Cooper intimated that in the last update.......

[badger60] 30/1/2018 15:20

Perhaps it's that directors won't buy stock that they know isn't going to get a funding deal which is critical to the company's survival.....

[orinocor] 30/1/2018 15:19

How much is this worth if you write off Fortuna and Tanzania? Has anyone done the sums? Just maybe they can have a business here if they concentrate on their current production and forget the massive capital expenditure they are forecasting this year.

[orinocor] 30/1/2018 15:17

dwindling cash reserves and massive capital expenditure required. A very bad combination.

Where are the director buys? That tells a story in itself.

[orinocor] 30/1/2018 15:15

It's the capital expenditure that's the real killer. $150M to be spent this year but will that generate $150M worth of value. No way I'd say given by the share price.

[badger60] 30/1/2018 15:07

At this rate sub 50p could well be on the cards at close of play today.....

[badger60] 30/1/2018 15:04

Oh well....53p support didn't last long unfortunately.....

[jotoha2] 30/1/2018 14:51

Just had a whisper RNS on the way , which way though.

[jotoha2] 30/1/2018 14:51

Just had a whisper RNS on the way , which way though.

[badger60] 30/1/2018 14:31

Yes.....but the "whole market" isn't waiting for news about $1.2bn worth of survival project finance which ain't going to happen.......

[badger60] 30/1/2018 14:26

One to keep an eye on is PMO, especially if it goes below 80pps, and if oil dips down a bit more, that should do it.

[shakudo1] 30/1/2018 14:25

Badger. The whole market down today. Nothing to see here.

[badger60] 30/1/2018 14:23

I reckon that 53p could be strong support here.....

[badger60] 30/1/2018 14:21

Nah nig.....I reckon that you've done a cheeky little unfilter, just to find out where you've been going wrong.....

[nigelpm] 30/1/2018 14:14

Filter doing its job here nicely.

Imagine he's telling everyone how the share price is going to zero tomorrow. Bet I'm not far wrong.

[badger60] 30/1/2018 14:13

Maybe with any luck 53p will hold......who knows?

[badger60] 30/1/2018 14:07

I'm wondering if it will be how many saying "I wish that I had sold out at 53p when I had the chance", this time next week?

[badger60] 30/1/2018 14:01

...... it's just got that feeling that they are starting to queue up to bale out.....

[badger60] 30/1/2018 13:34

The way it's looking sub 50pps is on the cards before close of play on Friday..........or it may even happen if someone decides to give it another kick in the nuts before close of play today.......

[badger60] 30/1/2018 13:28

jotoha2

It's more a case of finding someone who wants to buy it. Seemingly, funding may be an issue and there's problems with the negotiations with the Tanzanian govt. re. building the land based terminal (according to a bb poster on iii) which is not an idea situation to be in as a distressed seller. However Tanzania were delighted with the $240mio? tax after the 20% sale to Pavilion........ Perhaps a few more brown envelopes are needed to grease the wheels of cooperation?