im sure there will be plenty of folks claiming that they will be selling and runnning for the hills as soon as this begins trading. me too i will sell all 4.5m immediately. (or am i just scaremongering and hoping to get in for more and average down at the lowest possible price)..
My vote has been cast via my III account. Yes to all 5. Interesting responce to what to do if the share has a decent spike after it comes out of suspension. As i averaged down to 0.7p i shall look to take some out as soon as possible. As Kenny Rodgers would say!!! "you gotta know when to hold them, when to fold them, know when to walk away, know when to run!!!!" I shall be running.......GLA
Chan is a Liverpool footballer, Chen is an impressive Chinese businessman; bh007 is in bed under the matron; and manos is .......... (just not worth the effort of an insult even). And CH is busy making lots of money, which he feels unable to do with his Range shares whilst company remains in suspension.
where is BB monitor aka CH....if he had been here he could have controlled negative posters...still we all are hoping for 4P party....or Chan has released CH/Lewis contract was not worth continuing considering their reputation on BBs.
Yes you are right sorry. He was talking about 1p whereas I was referring to 2.9p. Doh.
At the end of the day, my logic still stands against your logic of buy and hold. The risks are still there so why don't one wait on the sidelines until (if only people did that when LO first came on the scene and this spiked to 2.7p):
1. Management has put in couple of quarters of good cost management and good production growth. 2. Clarity on LO invoices and that they are good value for money. 3. Success of waterflood. 4. Oil at $70.
Once out of suspension, the big unknown here for PIs is of course the management is run by a company that provides it drilling and technical services. Had Core been a british investor, that risk would have been removed but do you know who or what is Core and how are they connected to LO?
An example scenario is what you own shares in a cheese company but the people running the cheese company owns the company that supplies it milk. What price for the milk? Be easy if it was just milk but in this case it is technical mumbo jumbo hoodooguru milk. Very specialised indeed.....
Like I said, plenty of time to buy in and no need to bear the risks. It is not going anywhere fast. Such is the way of aim. You have pretty much until the end of the year before production will show a good turnaround by which time you will have more clarity of the above. That way, you don't get sucked in by hype. Hype is what this share has been good at selling.
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