If you believe that your investment is being negatively impacted by trades of £1.75 for the reason you have posted, why not do the exact opposite and buy 1 share every time one of these "trader trades" goes through to right the machine. Each 3 shares would only cost you 1p... seems good value. I will even donate £10 to a charity of your choice if you evidence that you are doing this for a month... sounds like a fair deal...
The problem is that a lot of consumer boards are now quoting the last trade as the current sp (it is cheaper than paying for a live feed from the LSE) not the actual sp but as many retail punters use these boards to make their decisions they do have a disproportionate influence on small investors so far from garbage TBH but hey you are entitled to your view just as I am to mine.
Absolute garbage imo. If the price was going to move £1.75 trades would not be holding us back.
There is no reason currently for the SP to rise. Apathy has severely hurt this share, looks like a hold to see some rise. As per my post yesterday. I dont expect any massive increase until March/April next year unless a big news item drops (buying another producing asset).
If the SP was that easy to manipulate... maybe you could throw a cheeky £10 at it and get us back up to 0.5p...
PS sorry to call you out but think your manipulation stance (continued stance) is verging on lunacy.
The Company advises that 3,000,001 Unlisted Options exercisable at £0.015 on or before 30 November 2016, and 5,153,846 Unlisted Options exercisable at £0.013 on or before 30 November 2016 have expired. None of these options were exercised prior to expiration. Well that's another 8 million shares that wont be hitting the market
Massive change in sentiment will come imvho as the price of oil increases and we all become more profitable. Mergers will escalate which in turn push up sp. Last time we had a situation like this the poo spiked massively hence the seat belt fastening and my little top up today. Gla
Well that is positive news regarding OPEC, nice to see WTI up from c. $45 to $48. How much further it goes is anyone’s guess but I don’t expect it to go shooting up to the $60 range anytime soon. Though I would be very happy to see that.
As for Axebob’s comment about this being about to fly. I have been here long enough and don’t think that it will personally. (not deramping before I get accused of selling up).
There are however a number of items that could significantly boost the SP. 1) posting some positive outcome from the drill that was due to TD today. 2) confirm that the water being sourced from Petrotrin (essential to the WF) has been agreed 3) confirm an acquisition on favourable terms. 4) confirm any number of sign offs required by various parties regarding the WF. 5) sale of Georgia.
I would hope for a perfect storm but being Range, I will not hold my breath!
Still holding, marginally down. Tempted to top up but am happy with my level of exposure here. That said, some more exposure here could get me to my get out point a lot sooner.
OPEC is near an agreement to cut production for the first time in eight years, sending oil prices surging on optimism a deal with start to drain record global inventories.
Under the terms being discussed by ministers in Vienna, the group would cut production by 1.4 million barrels a day, equivalent to about 1.5 percent of global production, according to a delegate. In addition, oil producers outside OPEC, including Russia, would contribute cuts of about 600,000 barrels a day, they said.
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