something to ponder., page-15

Emma

I understand that you are upset, but you do not make it clear if you have sold, or you have a paper loss only, in which case you should have a strategy to deal with it.

Please read the other posts in here, there is plenty of calm and sound analysis going on.

The suggestion that you have made that Jurgen should have made earlier announcements before drill results out re Plan B does not stack up.

Firstly it would be interpreted by the market as a vote of no-confidence in the drill, and would have forced the price down before results out, for sure. That would be unsound practice for a director and he simply would not do it.

There were other relevant facts out there to keep yourself informed.

If you read the Anns in detail you would know that Petrobras (PBR) has options for further drills, and logically it is not up to Jurgen if PBR exercises them or not. Blaming Jurgen for that, or expecting him to give an indication which way PBR will go before results are out is not a terribly sensible expectation.

Other earlier anns point to the other projects and possibilities that are on the table. If you look at the annual report they clearly state they are looking for other projects in case Artemis is a duster. The stock itself has a speculative rating by Ballieu.

Artemis as a whole is not necessarily a duster - but it may be. We do know that this drill is, certainly. There may be gas down there which has migrated, or not. This is the world of oil and gas speculation. 32% CGOS was clearly stated.

A cautionary note: you should be careful what you post about individuals. Jurgen is fully entitled to litigate for defamation if he believes he has suffered loss of reputation as a result of a publication. Posting on a chat room is a form of publication. IMO it is most unwise to vent in that way. (Corporations and government agencies referred to by their organisation names cannot sue you for defamation. The mods seem to not distinguish between this, but are understandably wary of legal issues).

Sorry you feel bad, nobody is overjoyed except maybe for day traders and others with a high risk appetite who are piling in at the SP low price. I am halving my losses (for tax reasons this is ok for me) and sitting this one out. This is because the money I allocated for MEO was speculative, and I have taken profit on other stocks that do not have the same risk profile.

The market is indeed driven by greed and fear, and we have to acknowledge our own part in that, try to be calm and detached in our decision making and not deflect blame onto others re our own risk management.

I apologise in advance if any of this seems patronising, but I am trying to give you some perspective.