It's hard to discern because of the current production level (assets/reserves look good to most). If that starts to jump up (initially and then consistently) via a ramp up in drilling, then all sorts of higher valuations can seem more plausible. At present it's the gamble between being in early or not. Each to their own. Haven't changed my position here for a while now. Mostly just passing the time utilising spare cash trading/investing a few other oilers with decent success. I'd consider liquidating all those positions here and adding - but that would depend on news - so not yet and biding my time spreading the risk for now.
Charty waffle is not far off useless on AIM. Fact is manymost people are waiting for news, and the current consensus guesstimate on when that might be has been early-mid September for a while. The closer that gets you'll see the speculators coming back as they're clearly currently holding off hoping for a better price via low volume dwindling.
All these new dealing and trading instruments to improve liquidity in the trading of shares but if nobody wants to buy them at fair value and nobody wants to sell them at an undervalued price this is what you get, poor liquidity.
Looks like we will have to wait for the good news so when will we get to 1,000 BOPD for an announcement to be made?
Zzzz. Trolls STILLl going. Good to see you keep mis-representing things for your stupid windup agenda though. I only ever posted that LGO acreage/reserves were/are considerably smaller in comparison to this. They're currently doing better due some initial decent production results - and at least one market commentator (think it might have been malcy or someone else on TipTV) has said they feel it's towards the self promotional side of headline numbers that has grabbed attention. If they get their act in order here and ramp up drilling - with the much larger acreage they could dwarf their bopd. So yes. You are a troll.
Not a lot of shares have been traded this week and following ASX no sales last nights reached a magnificent 4765 shares traded. I hope it is the market holding it's breath rather than simply ignoring us although we do seem to being held around the 1.55 - 1.60 mark. Perhaps some significance also that another week has gone by without an Atzan #5 update. Ah, roll on September!
carve you are quite right about RTN, doesn't like his old posts brought up. Categorically denied trashing LGO in February when it was at 1p. Then when I posted what he said, he starts calling me a troll... love it !!
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