Spitfire Oil Share Discussion Threads

[lazygun] 02/12/2017 01:45

Mkt cap is about £2.071 million,

Cash is around $3.6 million Aussie dolRs, which equates to around £2 million (rate is currently 1.77, so its 3.6/1.77


So, mkt cap around it’s cash balance at moment.

But, tightly held stock, any pull back will quickly get bought up.

Also, whilst it is speculation, Paul Johnson has been building a 7.22% stake, at various levels between mid 4’s to 7’s, which has to be at least £60k worth or thereabouts, i’d Be pretty sure that PJ will be an active shareholder. Given that the SRO board are looking for new opportunities I think in the resources sector, with Pj’s contacts, it’s not hard to imagine that conversations around future business strategy might be occurring....

So I don’t think we’ll have long to wait to see some sort of activity.

With £2 mill in cash, I imagine they could pick up some nice licences and/or working interests in the mineral resources sector...
L.

[daicaprice] 01/12/2017 23:34

Anyone know what M/C is @8p compared to what cash is left?

DC

[lazygun] 01/12/2017 21:54

Who is trying to reduce their holding?

L.

[playful] 01/12/2017 00:15

Tick-tock, tick-tock December statement due shorty and a certain person attempting to reduce his holding but it’s a little too late.

[mariopeter] 05/11/2017 08:04

"Locked in a lobster pot" (238 above) is funny and a great and accurate metaphor.

[lazygun] 01/11/2017 17:58

Nothing new from u Euclid. Filtered

L

[euclid5] 31/10/2017 09:58

OMG, this is from Nov 2012, 5 years ago

what a terrible track record

"Other Business Opportunities

The Company continues to evaluate numerous alternative natural resources projects. Several alternative oil &/or gas projects were reviewed during the year but none were found to meet the necessary economic requirements of the Company"

[euclid5] 31/10/2017 09:48

why does't the co state to s/holders exactly what their requirements are then

[euclid5] 31/10/2017 09:47

Real professionals would of being able to find some very good undervalued assets within 1 year.

They didn't need to look at 100 opportunities, if they knew what they are doing

Can't they do this themselves, obviously not skilled enough!

"actively scour the world using their industry relationships"

so they are now looking into the hard rock mining sector, lets hope they don't get sold a pup!

"The focus of the Company now firmly lies in the hard rock mining sector where supply shortages are becoming more pronounced"

Below was in Dec 2014 - 3 years & s/holders are still waiting !!

"The Company has continued to keep its running costs to a minimum while reviewing possible new projects. A number have been considered during the year but have so far not met requirements."

[lazygun] 30/10/2017 17:11

Depends Euclid. You have no clue about what parameters they have set when evaluating prospects for a start....

L

[euclid5] 30/10/2017 16:14

This is a very poor response from the BoD's- can't be good at evaluating prospects then can they, & they should of been experienced enough to find a few very undervalued assets - a bad workman blames his tools

"Despite evaluating over 100 acquisition opportunities, none met the parameters set by the Company. The directors continue to actively scour the world using their industry relationships to discover the Company's next acquisition knowing the difficulty even this strategic pathway entails."

[x54v] 30/10/2017 16:11

Strong again.

Paul Johnson buying more:

[lazygun] 26/10/2017 13:27

Playful,

Prove your fact, ref company not happy with pj’s twitter antics”...let’s see it on here..

L

[lazygun] 26/10/2017 13:07

Dan Levi,

Just wasted 30 seconds of my life that i’ll Never get back, reading the utter tripe on your guerilla investing “article”; (hahaha). Little or no factual content, just a page of vitriol and what I can only conclude is a poorly and thinly veiled personal dislike/hatred of mr p.

Dan Levi - filtered.

L.

[playful] 26/10/2017 11:37

Happy to see someone highlight this share price manipulation and truly hope nobody gets locked inside this lobster pot. I know for a fact the company are not happy with his antics on Twitter and Dominic Morley has already warned him on numerous occasions.

[daniel levi bmd] 26/10/2017 08:24

FYI

#WARNING! 'CHOCKS AWAY' SPITFIRE OIL!! PAUL JOHNSON PUMP & DUMP!!! #BARGEPOLE

Dan
x

[x54v] 24/10/2017 14:46

The dip buyer with 2 lots of 75k seems more switched on, snapping up shares when they're on sale.

[x54v] 24/10/2017 14:43

Lots of one day losers in the trades today.

No. of shares - bought price yesterday - sold price today

25,305 - 7.88 - 6.6
4,654 - 7.95 - 6.02
52,158 - 7.645 - 6.35
25,305 - 7.88 - 6.6
55,119 - 7.79 - 6.52
6,759 - 7.8 - 7.06
22,033 - 7.45 - 7.2
32,150 - 8 - 7.2

The spike up and down is exaggerated by all those who chased it yesterday then dumped with a loss today.

[playful] 23/10/2017 21:20

Chuckles from within SRO and down we go once we see that all important December statement, poor old PJ he’s been warned about his Twitter nonsense before but can’t help himself...

[lazygun] 23/10/2017 14:32

And 3%of the company bought in total today so far... tight stock

L.

[x54v] 23/10/2017 14:17

"Blimey #SRO is around est. cash levels so the enterprise value for the lignite and mkt vehicle is now zero?? Good place to work from."

[x54v] 23/10/2017 13:47

"Good to see #SRO interest building - not many AIM companies with a market cap of £1.7m and £2m last reported cash."

[x54v] 23/10/2017 13:22

"With cash balances of A$3.6m"...



That's £2.1 million in cash vs just £1.5m of a market cap. Great value prospect here.

[baz9707] 23/10/2017 13:08

With the constant buying mms are again short of shares.
Now any small buys will tick up the share price

[baz9707] 23/10/2017 13:05

X54v
The run has started bid.
Volume is key.