Sefton Resources thread for all ADVFN users

Good evening all! Until there's an announcement of finance in place or not, everybody's opinion is purely conjecture.

Gondola bases his on the previous performance of the Sefton Board and his obvious experience with oil stocks, others base theirs on the fact that there must be some truth in the Hardman report, some on the belief that comments from the board can't all be bull and a few purely in defence of their investment decision.

Based on conversations with my source, including one short one today, I base mine on one person's integrity and hopefully, honesty.

Sometimes you have to make a judgement call and mine is that Sefton WILL achieve in 2007.

Gondola's opinions are quite reasonable based on what he has to work from, but just as a chartist can be accurate until an unforseen announcement turns his charts upside down, so can opinions be suddenly miles out from the facts.

If we were to look at Sefton's previous record, abysmal PR, inaccurate statements, late RNS's, schedules not met etc, it would be fair to carry on expecting no different. However, if they announced this week that there had been a major board change, the rig had arrived and they had secured enough finance to start CBM, a new era would begin, all the hardened, long term sufferers would be congratulating each other on their patience, Gondola would have to admit he got it wrong, the SP would be racing.

There's no doubt in my mind that there will be some major advances in the new year and we will see a rerating of the share price to above the 20p mark.

Until then, investors have to decide whether or not Sefton are going to remain forever in the mire as Gondola believes or will make the new year a success.

I am quite confident things will soon fall into place and I believe my opinion to be more accurate than Gondolas, although it's not really possible to compare them as they are formed from such different platforms.

At the present valuation, I see no further downside, as market sentiment is, in my opinion, at it's lowest on Sefton and has based this on no finance, no CBM, poor investor confidence and lack of support for the present board.

It will not take much to send this in the right direction and law of average dictates this will happen.

The oil barrel report may not have been awe inspiring, but it was relatively positive, added to the much decried Hardman report and the 'imminent' update, we should see some improvement very soon.

Nite all!