Don't hold your breath waiting for 1.5 entry point I think you have missed that one. Incidentally I have to say I find it strange how you sometimes post with a heavy foreign accent and then sometimes forget to, and use perfect English :)
(Not a racist comment before I am jumped on by the PC brigade, just an observation)
Just now bought 100k new shares after erasing all past investment history. Would be looking to buy some more around 1.5P, if funds available. Will be looking for some 3-4 trades with +, - 10%. Personally don't have any confidence in company's fundamentals or delivery, but just sense time is about right for few quick trading opportunities as there is an air that something good will happen.
The big question is the definition of material. On the less serious side did RSR have 3 chocolate biscuits or four this morning - sorry, information withheld. If at a board meeting last week RSR decided to publish bopd figures this morning but realised that there was a big jump in figures due at the end of the week so they didn't publish the 800 figure this morning with the intent of announcing 900 at the end of the week. The information was with held but in light of the 900bopd was the info material. It is a big grey area that Buchanan's and Cantor are using to orchestrate the info flow. Didn't use the word manipulate as I don't think it applies. I'd like to think that the orchestration will make sweet music to our ears before long.
Perhaps Rexco is correct that in RSR telling the market that RRL’s target for the year was to reach 1000BOPD by the end of 2014 then he feels that until it reaches 1000BOPD then it isn’t material and doesn’t need to inform the market, fine if they hit 1000BOPD in the next week or so and tells the market, not great if that means the next update is in November.
Not a cleaver way to run an AIM Company IMHO (if that is what he is doing) as it gives the impression you have nothing positive to tell the market, or even worse hiding something, they need an update in the next two weeks.
RSR can NOT withhold material information. There are rules against that. However, what RSR and Cantor may deem as "material" news could allow them to string the market along for maximum effect.
One interesting point of note, Buchanan's have appeared (to me at least) shut up shop when I asked them some very direct questions that required either an answer (as they are "apparently in the public domain" - Malcy) or a "this is price sensitive information response. Up to this point they have been very amicable but fairly vague. Now I sought proper answers they have declined to bother to respond. It suggests to me that they could not give a response for fear of giving the game away.
Anyhows, still here, still intend to be here. LGO seems to be doing well and fair play to those invested but as others have said there is a board for that.
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