Venture Life Share Discussion Threads

[hydrus] 09/5/2018 16:13

I've taken a chunk of SQZ off the table today at 74p. It's way off my normal kind of company and with the Iran situation I just felt that I'm in something I haven't got a clue about. My recent top ups ended up just slightly down, so that's not so bad. I'll keep some.

[apad] 09/5/2018 16:09

Excellent, red.

The issue, as I see it, is whether their metrology feeds into the control system to give them an advantage over their much larger competitors.

They are heavily invested in training and demonstration:
www.renishaw.com/en/additive-manufacturing-solutions-centres--37039

apad

[big7ime] 09/5/2018 16:08

FARN is playing with you - up 30%

[redartbmud] 09/5/2018 15:45

Slap my face with a wet lettuce, and call me Brittany.
Oops, I did it again.
Punters heard about my Lloyds sale and put the afterburners on.
My gut was wrong about the share price peaking for the day:-(

APAD

Rsw - will report.

red

[redartbmud] 09/5/2018 15:38

ice

Will fall on xd and maybe stay down a while.
Company has continuing structural issues.

red

[apad] 09/5/2018 15:24

Good call cbootle.
apad

[iceman82] 09/5/2018 15:23

Centrica is paying 5 % yield , tomorrow ex divi day , 1 hr to get in ....

[redartbmud] 09/5/2018 15:14

Out of Lloyds for trading profit of £194.69. sell @ 66.40p
Chickened out, I was looking for £200 trigger.

Hey ho...

red

[big7ime] 09/5/2018 14:21

150k hit then APAD, choker
Still- only a drop in the ocean for you
Your Renishaw prob up that today

[cbootle] 09/5/2018 12:57

Got fingers burnt by FARN, but decided to hold on to see where they settle. My guess is £2 to £3 in a month. Company is not bust, but no doubt plenty will bail out till it settles. Serious learning opportunity taken ;-O

[apad] 09/5/2018 12:15

22,816 Big7.
Looks like the Saudis will drive the price up more from here.
apad

[big7ime] 09/5/2018 12:07

Wow how many did you have APAD?

[big7ime] 09/5/2018 12:06

My oilers doing v well with the notable exception of AMER
Am I worried? Heck no, been here before - a misprice that will be rectified
May take the seller Harbour to be cleared if indeed he is a persistent seller (prob more likely a shorter term trader with longer term reducing plan that isn't informing)
With current oil price the share price should be in the 40s at least and would still be single digit p/e

[englishlongbow] 09/5/2018 12:05

9 May 2018
Amerisur Resources Plc ("Amerisur" or the "Company") (AMER)
Operations Update

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide an update on operations in Colombia.

Platanillo N Sand Drilling

The Company is pleased to report good progress on the civil works, a 3.8km new road and a location with three drilling cellars. This progress has been made in spite of adverse weather conditions and the discovery of unconsolidated zones on the route which required additional works to stabilise. The construction is expected to be completed in June, after which Rig D10 will be mobilised to drill Pintadillo-1, the first of up to three wells targeting the N Sand anomaly, which has been identified on 3D seismic. Pintadillo-1 will be a slightly deviated well, with a planned total measured depth of 8,448ft, and is expected to take less than a month to drill and log.

The N Sand anomaly at Pintadillo is one of four such anomalies identified by the Company in the central part of the Platanillo block. It is estimated to hold P50 resources of 11.44 mmbo.

Put-8 Drilling

Amerisur has been informed by the Operator of block Put-8, Vetra Exploration and Production (50%), that the drilling contractor has been slightly delayed in the completion of their previous contract and the spudding of Miraparriba-1 is now planned to begin in June 2018. Miraparriba-1 will be drilled as a directional well to the Miraparriba structure within the Put-8 block.

The Miraparriba structure is a low risk U and T sand light oil structural target covered by 3D seismic with gross P50 recoverable resources estimated at 4.4 mmbo by the Operator.

Put-8 is a 102,799 acre block which lies adjacent to the west of the Platanillo field.

CPO-5

The Operator (ONGC Videsh Ltd, 70%) has informed the Company that the preparations for the spudding of the well Indico-1 continue to advance despite adverse weather conditions in the area. The rig is now expected to mobilise in the latter part of June 2018. Mariposa-1 continues to produce in a stable manner and the operation to perforate additional zones in the well is expected to be performed within the next month.

Indico-1 is targeting the same play as the successful Mariposa-1 well, but is further up dip in a larger structure. The Operator estimates a gross P50 recoverable resource at Indico-1 of 10.3 mmbo.

CPO-5 is located to the south of the prolific Llanos 34 block and to the east of the Corcel fields. The block includes the producing Mariposa-1 well and the evaluation area related to the Loto-1 oil discovery.

John Wardle, CEO of Amerisur said:

"We are gearing up for a busy period of exploration drilling, targeting 26 mmbo of gross resource over the first three wells."

[apad] 09/5/2018 10:42

All FARN sold now between 111 and 106.
apad

[apad] 09/5/2018 10:28

Having to sell in tranches, Big7.
One more to go.
apad

[big7ime] 09/5/2018 10:03

I thought you had sold APAD, if you wonder who would buy now, why are you holding? Does it have a value? Next step down might be 50p!?

[janeann] 09/5/2018 09:48

One needs to be wary of small scale tests as you rightly point out. One also needs to be wary of small companies who have a far better view of their product than the data support; not saying that is true of farn but certainly some small co.s do believe their product can do things their data will never support. Then if you link the 2 ....

[bamboo2] 09/5/2018 09:47

Apad, re farn, it may help that there are a couple of potential turns I noted last time I did the chart. These remain valid even after price has moved out of the wedge or triangle.

One is for today, which I guess is the low turn we have seen this morning. The next is 14-15/5/2018.

[hydrus] 09/5/2018 09:22

We all screw up APAD. Successful investors recognise the error and genuinely learn from it. Clearly that's what you are looking to do.

[apad] 09/5/2018 09:19

Concur on VOD and RSW, red. Be good to see healthcare a bit sprightlier.
If you go to the meeting please report on additive manufacturing.

Watching the price of FARN to exit. Can't understand why anyone would want to buy.
My lesson is that the statistical results from small number tests can be wildly inaccurate. So, it was more of a gamble than I believed.

apad

[qs99] 09/5/2018 09:18

Continued nice delivery IMO...slowly and surely

[modform] 09/5/2018 09:18

dacian, I do hope you did not hold many FARN


my response to you sometime ago ....


modform 8 May '17 - 19:46 - 10427 of 18766

Really dacian, having FARN, an early stage pharma as your second largest holding, total madness imo. I have 2% in there for free now, I remember following Woodford in Pythopharm, and it lost 85% of its values in one rns, so lesson learnt long time ago.

[lomax99] 09/5/2018 09:00

Re BUR, hope so Hydrus, my largest holding. Still can't believe I was able to top up at in the £10's barely a couple of months ago.