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captain

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Everything posted by captain

  1. Good point Chris. I guess my D7000 was £800 ish after I sold the kit lens on e-bay. I would still rather buy a second-hand Nikon D90 for £450 than comprimise speed/accuracy. I think the OP may well end up with an SLR if he starts shooting moving subjects.
  2. The Sony does 7 frames per second.... But will those 7 frames track a dog or child running towards you in a diagonal ziz-zag in low light using 39 focus points in a 3-D matrix up to ISO 25,600 and keep all 7 frames in focus? If it does then I'm selling my D7000 and buying one. Not crticising your choice as it looks great but if you want SLR functions and speed, you'll need an SLR. Sony wouldn't produce an SLR-killer when they've spent millions (billions?) acquiring Minolta and producing some fantastic SLRs over the last few years.
  3. In that case I'd put £2k in a managed fund. Maybe a UK Small Companies fund or a Far East Fund: http://lt.morningstar.com/9dnt0a0rp5/fu ... 0C00001KB0 £2k in a top-dividend payer which should guarentee 6% per annum http://www.thisismoney.co.uk/money/inve ... -2010.html and £1k in a high-risk share like RRL or RMP and £1k in a complete long-shot - CRND for example. Spread the risk. Make sure you put it all in an ISA to make it tax free.
  4. Isn't the saying "What's the fastest car in the world?........ A hire car" So true. Just got back from a fantastic meal overlooking Praiano where I met a guy who has a 911, Ferrari Mondial and a Corvette Z06. Said he was too frightened to dirve the Amalfi coast 'cos of the other nutters in hire cars........... Mine will soon be dead............
  5. 1 - How long is the investment for? 2 - Are you willing to lose it all? 3 - Have you any heart/blood-pressure problems?
  6. A few years ago we drove across the top of a dam in Sardinia (even though the access road said "no entry") Quite scary as it obviously wasn't a "road" and probably for dam workers only. Blasted across the top and then found the access road was very steep on the other side and pitted with boulders. Took it as fast as I could but blew up a tyre so we were stranded in the middle of nowhere and had to change the tyre in 100 degree heat. Not fun - faces like by the time we finished....
  7. Giving a terrible car what it deserves a few days ago in Italy. I think I've destroyed the front pads/discs which is making the drive around the Amalfi coast road "interesting" Enjoy. We did. http://www.youtube.com/watch?v=nlzTx7riR60
  8. Are you ever not on holiday? Physically - yes. Mentally - I've been on holiday forever....... Should have a nice holiday car video for you in about an hour. Little clue. It's called "How To Torture a Panda"
  9. Sea of green on my portfolio over last few days. Much releif after dropping £30k a few days ago. Sea of blue from my hotel balcony - Praiano, Amalfi coast. Just spent 6 hours on a little beach behind the jetty. One hell of a walk either way but worth it. Many beatiful sights to see on that beach..............
  10. All non-SLR cameras are comprimised by their speed. The Sony gets a nice dpreview.com review but if you ever want to shoot fast things (cars/kids/animals) or in low light, you'll wish you bought the Nikon.
  11. Thats some of the best results from a pre-revup car i've seen on here. Most usually struggle to break the 300fwhp mark 260 hp at the hub here from a 2003 base JDM auto. Not sure what the conversion is for bhp but I think I'm over 300.
  12. **** a duck................ £30,000 down today, £100,000 since March. Glad I'm on hols eating deep-fried sausage and chips in Naples................ Believe me, behind those Aviators I'm crying.........
  13. Followed one round CC a few weeks ago. We chatted afterwards as I'd just followed him for 4-5 laps. He'd been taking it easy as he'd only just bought it but was still surprised at the Z's pace. He paid £37k and I joked that I'm sure he felt the £30k difference was well spent. He went a bit quiet for a few seconds so then I hit him with the punchline, "oh........and did I mention mine's an auto" . He said "if that's an auto, I'm going home". Was a great pleasure to see him poke his head through the window............... http://www.youtube.com/watch?v=_f222otgpbw
  14. I'd say it was cheap at 3.7p..... lol, yeah a lot of people bought it at around the 5p mark, still, current estimates I read reckon by xmas things will hot up, so will wait and see. True. 75p ish gets me in to retirement territory so a 5-bagger from here and I see that as viable in 24 months, IF at least 50% of the 4 territories come good. The return of capital on the sale of the Texas assets in Q1 2012 is a bonus. Talk of as much as 10p per share but I'd settle for 5p and further investment in acquisitions.
  15. This bit I can vouch for Thanks...... Your avatar is what the inside of my head looks like......
  16. Good race. Usual poor performance from Brundle and Coulthard. They didn't even notice Vettel going sideways in the pit lane avoiding Heidfeld's car being towed back in.The director was rubbish as well. Not sure if this is FIA controlled or locally sourced but it's pretty ropey every week. Can't wait for Sky and their professionalism.
  17. Still got my RMP on the Aussie stock market. AUS$600 up so not bad. Very exciting times for RRL. Pete Landau (CEO) has publicly stated his short-term vision of a US$1bn market cap by end of 2012 which equates to 40p. This would be nice but many believe he is being very conservative. JR2187 (alegedly owns about 24 million Range shares and deals with the board direct) has published this on RUM (Range Underground Mail) a private forum for shareholders on googlemail: "I was considering what our broad strategy is becoming and what we might look like in say a year or there abouts. These are a mix of my views and the actual intentions of our great CEO Mr. Landau. I will not disclose which is what and the weighting of each, but suffice to say, it is a very accurate picture of the future. We have a number of assets that are at varying stages of development. Some have been held for only a short time, some for what has felt an eternity. Regardless, for the first time in the company's history, all of our assets are in 'action'. We are GAME ON. Taking each asset at a time; Texas. We all know of the success to date of our Texas interests, with the most recent fraccing at RB1 yielding flow over the entire 130 feet of pay and with as yet to be disclosed flow rates. Fraccing team is now at Ross well and work is underway. Albrecht will spud in August, with a further well by the end of the year. Once these assets have competed these programs, there value will be known and a sale of these interests will be dealt with. This sale I would suggest would occur in Q1/2 next year. Depending on the cash needs of the company, proceeds will be delivered to shareholders via a return of capital. Not a special dividend. So it will be CGT tax effective. I am thinking $300m. Which on the presumption of 2bn shares on issue at that time, that would represent a return of 15cps or say 10p. So lock that thought in. Georgia. With the upcoming spudding of the first well in Georgia scheduled to occur on the 9th July and further drilling before Christmas and into the new year, and assuming success, I think we will see a divestiture of this asset with a $10 a barrel price for 200 million barrels. I won't go into the maths at how I arrived at this number, but for Range that would be $800m or 40cps or say 26p. I think the timing on that would be very similar to Texas. So lock that in, we now have 55cps or 36p. Puntland. This one is a little difficult to predict, as it could be a lot bigger than what I am going to say, so I will play it a little conservatively. Lets say over two wells completed and tested by 30/6/12, we have comfirmed 1bn barrels oil recoverable and have a take out priced at $5 per barrel (geography, etc) that would be a total of $5bn and for Range, $1bn. This representing 50cps or 30p. Lock that in and we now have $1.05 and 66p. There is a meeting in Nairobi on the 11th July to finalise matters and I expect mobilisation to occur forthwit. In conclusion for the Return of Capital phase of Range, we have $1.00/66p outcome (I rounded down to cover some costs) over the next year, but lets say 18 months to be safe. So what are we left with then? Trinidad. In TT we have 271 wells targets to deal with. There are essentially three types of targets (there are more, but I am going to make it really simple). The shallow targets will generate a nice little earn. They are quick to drill and will yield a small flow, but when amalgamated, will deliver strong cashflow. We also have in the 271, 20 herrara's. These are more interesting. They range in size from 20 m OIP to 120m, with a recovery rate of 40%. We also have much deeper targets that are thought to contain vast quantities aswell. OK, this is my view on what this could to do our SP over the next two years. It will start slowly and gradually build and will end up being a reel jewel in the crown for Range. Here's a view, when the point was made "Thank God for Georgia, the reply was, no, thank God for Trinidad" - now just put that in the back of your mind. I am going to assume success in the Herrara's and no flow at all from anything else. Obviously this will not be the outcome as we may not have success in every Herrara formation, but we will have success in the other prospects. Take those 20 formations, with an average of 50m OIP and with a recovery rate of 40% and you have 20m barrels recoverable per well. With 20 wells, that's 400m barrels. Now I am going to place $10 per barrel of inferred value on these, so that gives us $4bn mkt cap, at least. That gives you $2 per share or say GBP 1.30. I am giving all these three years. Hence my $3 dollars in 3 years. $1 by way of return of capital and $2 of shareprice. The most important thing here is that Range is changing. She is being shifted into a Sth America's mid tier O & G producer and to a lesser degree explorer. She will however be putting the explorer hat back on soon, but I'll leave that for later. We have another interesting asset, but I will also leave that for another day. Before you go and tell me what an idiot I am for ramping like this. Let me explain this is not a ramp at all. This should become for whom ever reads it, a thought provoking dialogue. Something that gets the mind thinking about the longer term and why we are in Range. We are not going to race to a big shareprice (unless ofcourse something crazy happens, which is entirely possible) but will climb steadily (with ofcouse lots of ups and downs along the way). Wait for the broker reports to come to market over the next week or so, especially from those who are initiating coverage. There will be new sets of eyes on this company, especially as we near spudding in Georgia. Feel free to disagree with any of the above as I am not the be all and end all. I am just typing what I really think. All the best Rangers! JR"
  18. I AM CAPTAIN....... I AM NOT SENSIBLE......
  19. Yep, me too +2 Don't stress it. Undertaking rules.
  20. er...hate to spoil the party but: he's right, it's only a 350Z. Cheap bit of Jap pig iron with a shoddy interior, dodgy paint, rubbish stock noise and too heavy. We love 'em but it's only a 350Z.
  21. It'll never be fast until you paint it the right colour - the fast colour.
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