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is he still in? anyone seen him posting here?
now this share will set at 40's in next couple of day
Dragged into this dog of a stock by Salamander now its charting the limbo as in how low can this go.
great place for a bounce? OR is that too obvious? rsi 30,, let's see
Holding up better than many other oilies today
no rush here,, i like 50p though..
All time lowest SP and still gonna go down, wish never had bought these shares, this company may disappear if this continues... not sure what will happen now
15:33:29 51.7999 15,000 O 51.7000 51.9000 Sell my BUY @ 51.80p
I hope you're right, but nobody's been sniffing around this for years. I just don't see this company and its assets been that attractive to the big boys? I would take kind of good news now tho!
this will take ages for ophr management to find new partner and develop. its 4 yrs away with inclusion of partners onboard. but last weeks news adds more risks that shareholders werent ready for as it adds too much delay to an already delayed project. id wait it to settle down.
I don't think this week's news was a surprise to anyone! It hasn't felt right for a long time. What is important now is that the board sorts this mess out one way or another now, dragging this out for so long has brought this company to its knees.! If they had scrapped this at the turn of the year we would have got over the initial shock and be benefiting from the rise in the oil like the rest of our peers.
thats a bullish but decent post LC,,we are where we are, and i fully expect the story to get better from here on in.. mid day reversal imo, and blue tomorrow,, should 60/65p without too much trouble short term.
environment is much brighter now than any time in the last few years ,, i remember trying to sell a house about 3 years ago,, no serious offers,, put it up for sale again 2 months ago and got nearly 40% more within 9 days of marketing. i would suggest most of the negativity at this level is priced in..Fortuna is still 4 years off,, and clearly wasn't fully priced in at 65p,, short blip imo,, i'm taking advantage at this price..atb
What happens if they lose fortuna tho. As not only do they now have to find a new partner but also sort out financing which took them years to do! im tempted to buy but the naggin question i have is if they took this long to establish financing and now have to start again can they do it in 6 months.
Oil near $80 a barrel and this still at all time lows. Every other oiler basically doubled this past 6 months. Utterly speechless at this disaster. Company with recent acquisitions should be circa 25k bopd with minimal debt if i understand correctly. Just cannot believe what management have done here, should be far higher than this!
They haven't managed to get this sorted out with years to do it and now they have to almost start from scratch and get it all completed in a few months!!! Oh and get themselves a new CEO as well. I hope they can solve these problems pronto, one way or another?
I can only surmise that they are nincompoops running this ship.
No value for Fortuna in the share price anyway yet still drops over 10% on delays that are already known. Even oil at $78 has done nothing for the this company over the last few months like it has for all other oilers.
I wish that I could feel optimistic but the spiral down has been a long one.
A gamble yes, but discussions still active. Very little value attributed to anything with this company anymore since its been destroyed so badly and sentiment in the gutter. Maybe they will/wont get the funding sorted but taking a punt and putting a few away in bottom drawer
One can assume that there will be some material news fairly soon , should settle the market , time to be in .
What the heck have they done to this company. Oil at $77 and this near all time lows. Surely been one of the if not the worst performing oil shares ever. How could they screw this up so badly
It had to happen but the timing could have been better! A change in Jan would have given the board a year to sort out the finance for Fortuna.
Nick .....has left a sinking ship
you called for change of management here. it happened. you pleased? (by the way i lobbied for ceo change 3 years ago behind the scenes!)