Spitfire Oil Share Discussion Threads

[acta_topup] 13/6/2014 08:57

some article by doc holliday that no one seems to be able to find

[partner] 13/6/2014 08:55

forgive my asking, why the sudden interest,moved vey quickly from the off this morning.

[jxman] 13/6/2014 08:48

Looking good. Don't wait too long!

[poleaxe] 08/4/2014 16:49

Still ninkov's been paid for doing sweet fa since 2008,not a bad little earner.

[clemo69] 08/4/2014 15:46

Seems your research is a bit faulty pjt. Griffin bought for 15p not 0.15p in 2008 and sold for 7p not much of a cash cow!!

[tara7] 08/4/2014 09:58

However they do have cash, and lots of it way over the share price.

[mikey62] 08/4/2014 09:45

pjt,
A cash cow for Griffin????You must be joking......it cost them money and they have taken the hit on it.....they are out of it now at a loss...SRO is not a cash cow for anyone...its the absolute opposite.

[tara7] 31/3/2014 08:23

Options drop out today, thus not a drag on earnings any more.

Makes the company worth more.

[onlyonestorm] 24/3/2014 15:58

Dipped my toe in here this morning, been waiting for a retrace for the last 2 weeks gave up!

Hope it doesn't retrace now!!

Stormy

[tara7] 24/3/2014 08:55

Sorry but both those stocks are in my mind far to cheap.

A deal could come in any day.

Low risk high return is my view.

[double6] 24/3/2014 08:52

..tiny buys!!

[tara7] 24/3/2014 08:49

After those buys MM gone 2 V 1

[tara7] 24/3/2014 08:44

THUS TO MAKE ANY REAL MONEY ON A DEAL THEY NEED TO BE LOOKING AT 25P PLUS IN MY VIEW.

[tara7] 24/3/2014 08:39

12P OR THEY DO NOT GET THEM.!!

[double6] 24/3/2014 08:29

10p here before options run out at the end of the month ??

[double6] 24/3/2014 08:25

Tara... Look at JQW also. Amazing potential ... Chineseb2b.

With alibaba about to announce IPO, JQW could fly.

[tara7] 24/3/2014 08:20

BUYING AGAIN THIS AM.

[tara7] 22/3/2014 08:48

Yes one has to knock ITRO £700,000 of that to give £3M cash v the market cap of under £2M.

THUS FOR EACH £1.00 of cash you spend on the shares you get:

£1.50P of cash

Plus the rights and value of the project.(in the books at a cool £6M.!)

Plus the chance of an RTO IN FOR FREE.

VERY LOW RISK / high return share.

[double6] 22/3/2014 08:33

(The 6.8 million is australian dollars. Thus, actually £3.7 million cash prior to buying back the Shares late December)

[tara7] 21/3/2014 17:02

Not 53p, a large lump of that has gone into looking and trying to find a way to produce oil at the right price.

It's rolled up costs.

That said it will no doubt have value to another player but not 53p.

I think the stock should be bought up to 15p with a view of ten bagging that over time if a deal is done.

[poleaxe] 21/3/2014 15:52

But if you are a director sitting around for the next 10 years getting paid to do nought would you close it down.

[euclid5] 21/3/2014 15:23

why not close down co & return 53p nav back to s/holders - approx 500% increase from today's 7.5p price

[euclid5] 21/3/2014 15:19

NTERIM STATEMENT FOR THE SIX MONTHS ENDED 31st DECEMBER 2013

from recent a/cs - YE DEc 13 co had £6.8m in cash
Net assets £13.84m / 25.884m shs = 53p

Am I missing something here OR overlooked something - doesn't make sense!

www.spitfireoil.com/so_news.asp?date=20140303