My post on USOPforum
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Mosa
Dec 30, 2012, 6:47:35 AM12/30/12
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I have just posted this on USOPforum. Have been reading in the background. Not a lot being 'debated' anyway, it's not personal. Just posting it here so anybody is free to comment.
It may be clear to you Higgs but I think you have taken 2 and made 48. I am having trouble reading all the cross related cut and pastes that you are bombarding the board with but I feel some of it is so one sided it is dangerous. But as I also note there is only one person trying to put up another viewpoint (RigSuper) I waited long enough, not that it will make a blind bit of difference.
I have no idea how you can say the oil is proven, nowhere in any of the RNS's has it given this information. You can read between the lines all you like and think what Brian is 'trying' to tell us and your spin to the positive is quite amazing. This share has been abused by over ramps and derampers alike and I was hoping that this board might be balanced. We are still far behind on solid information. We have been told we flowed to surface, we do not know the depths, the amount, the quality - all of that was missing and a small scoop of oil and a test could have been included in the RNS. I have no idea how because the last RNS says testing 8 perforated zones that therefore those zones are flowing?!? Just because the RNS said NPZ we are all supposed to sit comfortably as the share price collapsed and we look to blame the exchange, the water in the RNS etc etc. NPZ is NPZ when it is flowed, or that is how I am looking at things. So much critical information is missing.
This is not directed at you but I am pretty untrusting of all 'it's all ok posts, it's in the bag, no problems' as I feel many have their own agenda - are they selling into the rise and trying to get a safe exit around 1.5? who knows but people need to question what is happening in the background - at all times. People need to read and do their own research and work out a plan and a strategy.
Lastly to Usher if you are reading this. I am sorry of your news you posted and have empathy for you, it has happened within my family and to a partner. I have read your posts sometimes in shock and sometimes in amazement. Please have a good hard think about your investment strategy and the risk/reward you are putting you and your families wealth into. This is not a 'sure thing' of returns. If you want more than 2% from the banks there are 1000's of funds that can give you safer heavens (ok, with the fiscal cliff nobody knows) but I am concerned when i read that you were bored so you bought the book up, paying 30% more than was necessary if you had gone slowly and been patient. Have a plan in place, know when you will top slice and remove the risk of your families wealth from this, work out a scenario if this goes wrong, an exit and what signals will give you this trigger. I would suggest you read a few books on investing and realise that nothing is a given - especially when money is involved. You buying at a price is somebody also selling at a price. That person could have bought in at 5p years ago, 35p the day after the RNS and maybe even 71p a few weeks ago. You buying at > £1 and up the book could potentially be giving them a nice 50, 75, 125% or more. Just understand the mechanics of what might be going on. You come across as too trusting and too naive in investing - sorry, but people are ruthless and will not give a stuff if you and your family is left with nothing - remember that, remember Range, remember JR and all those promises. Try and learn from this, toughen up and get a thick skin.
To see people encouraged to 'do an Usher' and buy buy buy is a worry - for me at least. But people are old enough and ugly enough to look after themselves.
Sorry if this sounds negative, it's not, it trying to tell people to look after themselves - as nobody else will.
I'm off for a few days, Happy New Year everybody and use the time to learn a bit about what happened in the last 6 months. Question everything you assume and get comfortable with your investment.
I have no idea how you can say the oil is proven, nowhere in any of the RNS's has it given this information. You can read between the lines all you like and think what Brian is 'trying' to tell us and your spin to the positive is quite amazing. This share has been abused by over ramps and derampers alike and I was hoping that this board might be balanced. We are still far behind on solid information. We have been told we flowed to surface, we do not know the depths, the amount, the quality - all of that was missing and a small scoop of oil and a test could have been included in the RNS. I have no idea how because the last RNS says testing 8 perforated zones that therefore those zones are flowing?!? Just because the RNS said NPZ we are all supposed to sit comfortably as the share price collapsed and we look to blame the exchange, the water in the RNS etc etc. NPZ is NPZ when it is flowed, or that is how I am looking at things. So much critical information is missing.
This is not directed at you but I am pretty untrusting of all 'it's all ok posts, it's in the bag, no problems' as I feel many have their own agenda - are they selling into the rise and trying to get a safe exit around 1.5? who knows but people need to question what is happening in the background - at all times. People need to read and do their own research and work out a plan and a strategy.
Lastly to Usher if you are reading this. I am sorry of your news you posted and have empathy for you, it has happened within my family and to a partner. I have read your posts sometimes in shock and sometimes in amazement. Please have a good hard think about your investment strategy and the risk/reward you are putting you and your families wealth into. This is not a 'sure thing' of returns. If you want more than 2% from the banks there are 1000's of funds that can give you safer heavens (ok, with the fiscal cliff nobody knows) but I am concerned when i read that you were bored so you bought the book up, paying 30% more than was necessary if you had gone slowly and been patient. Have a plan in place, know when you will top slice and remove the risk of your families wealth from this, work out a scenario if this goes wrong, an exit and what signals will give you this trigger. I would suggest you read a few books on investing and realise that nothing is a given - especially when money is involved. You buying at a price is somebody also selling at a price. That person could have bought in at 5p years ago, 35p the day after the RNS and maybe even 71p a few weeks ago. You buying at > £1 and up the book could potentially be giving them a nice 50, 75, 125% or more. Just understand the mechanics of what might be going on. You come across as too trusting and too naive in investing - sorry, but people are ruthless and will not give a stuff if you and your family is left with nothing - remember that, remember Range, remember JR and all those promises. Try and learn from this, toughen up and get a thick skin.
To see people encouraged to 'do an Usher' and buy buy buy is a worry - for me at least. But people are old enough and ugly enough to look after themselves.
Sorry if this sounds negative, it's not, it trying to tell people to look after themselves - as nobody else will.
I'm off for a few days, Happy New Year everybody and use the time to learn a bit about what happened in the last 6 months. Question everything you assume and get comfortable with your investment.
tetchy
Dec 31, 2012, 3:19:20 AM12/31/12
to usop-...@googlegroups.com
Mosa,
Sensible, cautionary points you make there as usual. Currently there isn't much debate and one supposes that will remain the case until we have some new facts to digest. It is facts that will change our fortunes and, however optimistic we are, until we get the right kind of facts we are remain in a kind of expectant limbo.
Bertie Wooster
Jan 3, 2013, 5:36:15 AM1/3/13
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tetchy
I think "a kind of expectant limbo" sums the situation up perfectly.
Bertie
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