Desire Petroleum Share Chat (DES)

Would releasing a bit of my BLVN holding & putting into here be a wise move in your opinion ? Thanks

"not to buy at 19 as the last accumulation would hit the SP" in effect.

16p was fine but the market is the market and trend will out.

i am part of a group that hold 13% of the stock of DES and i advised on here not to buy at 19 as most of the and that it would hit under an accumulation phase. That was complete at 16 and any further fall is just down to negative sentiment from pi's and boredom trading off.

Expand if you will. Keep them because it is going to 10p or keep them because theres gonna be a massive re-rate very soon? Which is it to be?

After ,such a long wait to get back to an sp 30 plus what a let down in the 14s and I fear no easy way out . How about a wee bit of info from the board ???? I think the desire followers deserve some info

Keep a copy of those posts you both made :)

Could end up sub-10p at this rate
Not good

This stock has been on a gradual decline since last Feb and to be honest I think it could well end up near 10p the way its steadily declining and was near this value in 2011. Not sure anything bar a takeover is going to stop this one what with the smallish capital des have available for future works and news. Takeover is obviously the prediction at the moment but time like everything else is the enemy, longer we wait the longer it slides. The difficulty is balancing the slide compared with the upside of takeover and not sure exactly what sort of level of re=rating that may entail. Could be a multi bagger in which case slide won't matter, could be 50% then slide will matter. Who knows at the moment as very little news on which to make any decent predictions.

When you remember or get respectfully reminded - please remind me why I also invested in here, what's happened to our investment is anyone's guess.... OR if it will ever, ever, ever reach it's high again..... Sound's like we're all 'well' (if you'll pardon the pun) truely locked in for now guys

....the lack of discovery down there shut the argies up....for now