chummer
03 Aug 2018
It's a great summer I’m losing heavily on this stock. Do you recommend cutting losses or buying to average down? Thanks for help
CharlieHarper
02 Aug 2018
It's a great summer Too dry BB, in Jockland? thats new. Not so good news on the harvest front i hope its salvageable for you. Brexit economics and subterfuge, it suits the few not the many. Ophir in May news bombshell and nothing happens to September as they’re all on holidays so we wait. E/G will be developed it may need put back a couple of years though. Big question is will we still be in the driving seat and what’s to become of us if we’re not. SP downturn makes us look tasty for a sale but probably only a share deal which is how we got here in the first place…the right guys in charge for a deal like that, we’ll see. If a new chairman is announced maybe no sale and we save something from E/G? I’m kool BB legs are still pasty white this hot weather is an exscuse to drink cold beer and forget about how much you invested in Ophir…its only money. Will have a look at V and P BB are they the new Versarien? best of luck
BarleyBaron
01 Aug 2018
It's a great summer Too dry CH, too dry. OSR harvest was poor. If the malting barley harvest is poor quality I will have to change my name on here. And its looking like its going to be borderline. Bread, flour etc will rocket In price. Wheat price £187/tonne plus £20/tonne contract. Never seen it that high, ever. And its all still in the field. Gulp. POO going up, food going up (its cheap at the moment) and of course Brexit, oh boy Is this going to cost us. And then there’s Ophir. There is something not quite right here and I am bu****** if I can work it out. I cant believe Fortuna is the only reason this is collapsing. What else is ‘seriously’ wrong here that warrants our sp so low. I have a buy order for 40p, not sure if I want it now. Flumixed is the word I would use. You good Charlie. Life is good here, busy,hot and waiting with baited breath. Baron. P.s. Have a look at Vitol and Peabody and coal waste. Your going to have to do your own finger and wrist movements on that. Interesting stuff.
vprt
20 Jul 2018
It's a great summer With the possibility of Fortuna becoming a write-off and the clock ticking to license expiry - obviously a terrible negotiations position even if a deal can be found - you can understand that some shareholders are bailing out and depressing the price. I will most likely continue to hold at least until the Fortuna uncertainty is gone, one way or the other. (With a good balance sheet and interesting exploration assets, it could have been worse - and perhaps a deal can indeed be found - big balance sheet required, I think) Otherwise I am actually something as rare as a newbie on these boards, where everybody is complaining and/or running away… (I have been reading posts once in a while the last couple of years, but only signed up for a “research account†recently - I am not an ii customer)
chummer
20 Jul 2018
It's a great summer How can this share just keep going down? Losing loads on this trash
CharlieHarper
20 Jul 2018
It's a great summer for building sancastle’s…or being a farmer…but not Ophir or on here. I see tumbleweeds have taken over the assylum…BB P PR etc hows it gauin? best of luck
Shotry
26 Jun 2018
Price seems to be sitting Well, something seems to be happening this morning and I’ve added. Technically you could consider this a 123 breakout, with a low, high, higher low and now after this mornings price action a higher high in place. These patterns often lead to further gains and trend-reversals. Let’s hope it happens and that it takes us back up to the 67 area. Against the trade: Brokers are not positive and volume is not high.
BarleyBaron
13 Jun 2018
Back in ophir Who in the name of everything that is holy thought his change was a good idea. If it aint broke don’t fix it. Replace and change a few things but this is madness. Where on earth do you go to write a new topic. Imagine if I said something sensible and I got 100 replies (big cheesy grin) you have to scroll all the way down to the bottom to read the last post, every time. The last system was simple and very easy to use. This relentless march towards making things better and quicker is only making us lazier and things take longer. And what’s with the love heart, wanna go on a date CH. B.
Shotry
08 Jun 2018
Re: Price seems to be sitting Sad to say that once again 'them onions' are looking a little rotten. We'll have to see where it closes for the week, but at the moment it's not look too good.
BarleyBaron
08 Jun 2018
Re: Back in ophir HUB. Go back a year from today. POO has roughly doubled in price and the Ophir SP has lost roughly double it's value. (Sp wise). There's no correlation between the two here. Hate to think where we would go if the price of oil drops a few bucks.Production has increased and yet we still fall. Premier... ( thanks Shotry for the heads up on that one) massive debt yet it ticks along nicely with the POO. Even at 49p we can't sell ourselves.Anyway that's one grumble off my chest, I'll let you have both barrels once I put my combine engine back in its rightful place.Baron.
CharlieHarper
08 Jun 2018
Re: Back in ophir Most permutations counting on patience and luck...best of luck
Hub
08 Jun 2018
Re: Back in ophir If you take into account the Tanzanian assets and Fortuna, then yes Ophir is cheap as chips.But the problem near term is that the debt arbitrage crew are at work due to the recent SEA acquisition. Post this event Ophir will no longer have a net cash balance and instead become debt based... for the time being. That will require significant repositioning from the compliance dept across a number of funds imho. Ophir becomes more risky simply because it has burned the cash balance on an acquisition that carries risk. That said, doubling production will bring in higher cash flows.I think Ophir's timing of any acquisition is 'safe' in that the oil market has sorted itself out. But having said that, they bought Salamander pre oil market crash and areno buying more SEA assets at a point where PoO is at a 3 to 4 year high.Nick's ability to buy at assets at the top and squander cash on exploration ultimately cost him his job.Based on recent holding RNS's, the larger II's are offloading which is not helped by debt holders 'shorting'. Charting aside, in a situation like this, the share price can go much much lower. There is no such thing as support as the stock is in unchartered waters.In summary, I think Fortuna is dead in water for now. Tanzanian assets are going no where while Shell play games with Tanzania Government. Production and cash generation looks attractive going forwards but any wobbles in PoO makes Ophir much more vulnerable than in the past as no cash in bank to bail them out.If PoO remains solid for next 3 years+ or higher, Ophir should do fine and one would hope Shell or another makes a swoop for the business at some point.£350m market cap at 49p with circa £110m debt and no cash. But when production doubles net cash flows should doube too. That could see debt cleared within 1 to 2 years. Thereafter, Ophir could become a divi stock or along the lines of Soco etc.Mergers are nigh impossible for Ophir due to their huge assets. They would be better off selling Tanzania assets to shell for $600m which would be cheap but certainly help Shell out in the process with tax issues.Could then use that cash to move Fortuna forward???HUB
Shotry
07 Jun 2018
Re: Price seems to be sitting How d'you like them onions?From 10
9 this morning:The shorter-term charts are moving towards a decision point on future direction. So those two factors seem to suggest that the 48.5 region is currently viewed by market participants as a potentially significant support. My guess is price will touch 48.5 or just below.[link]
Shotry
07 Jun 2018
Re: Price seems to be sitting I've added at just over 50, but again it's before confirmation on a 2h signal so I'm living on hope a bit here.
willz121
07 Jun 2018
Back in ophir I bought back in at 50p the shares are quite cheap in my opinion. I wouldn't mind a takeover from one of the big guns like shell out BP.
