I wish all the Idiots who speculate as to what the future share price would be would stop. You seem to put the mockers on it each time ramping and deramping for what !!!!!!! The share price in the future will be what it is and speculation can scare of the lemmings to sell if it doesn't come up to parr Give it a rest with all these inane comments and get real
you may be right mate, so taking shares from pi and a bigger stake for standard life, and other iis. so when there on board, LGO share price rises. and that will stop LGO, from being taken over to cheaply hostile takeover, am i getting close or talking rubbish. if you think rubbish,hit the recommend button, cheers
A hedge fund could be working on Lgo? All for the benefit for the institutions to increase their holding! Standard life still hold nearly 4%. They also hold 15% in trin, so 3.79% may not be big enough? Then there's the reason why notification?
Not necessarily the market but could be a coordinated short attack from a group of investors. Most days have seen buys match sells yet price falls. Mm working with shorters as they are making it easy to sell large amounts of shares but never easy to buy them back. Mm will move the price back up once they have finished collecting cheap shares and shorters had there day. Again I revert to Friday where a sudden 5x 1m sells come in just before a break above 2p. Mm afraid of getting caught short so slammed on the breaks. We need to let Lgo go about there business and I'm sure by year end things will be looks far better in terms of production and infrastructure. Shallow gs wells maybe coming online then too. Hopefully wti will be higher to give sentiment back to the sector.
At the moment we have legacy wells likely offline due to poo and not economically viable to run 12 Re completions being done which means infill wells offline Pad 4 wells not included in q2 averages Lots of data being collected to help understand field more
You can see with the amount of work being done that there has been a lot of disruption to current wells and not surprising that q2 averages are down. Going forward we can see things improving quickly.
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