Many things are in our Favour ...4p placing 2 months ago now 1.16p ....SC55 De-risked ... over £5 mil in Bank with Distressed companies everywhere .. II s toping up and they are not trading .. under 500 mil shares issued .. work out with the placing and directors and II s shares how many are actually in free float and with people who can or want to sell ...every buy for a good while will cause a tick up ... 2.4p would be my guess this will rest until next spike .. GLA
No investor is ever "locked in". However much you're down the sensible investor looks to where his capital would be better employed. Selling at a 90% loss and then re-investing the money in a different share which produces a 50% profit has to be a good call as long as the share you sold doesn't do even better. Unfortunately, getting it wrong more than once or twice wipes you out. "Averaging-down" is generally frowned upon but we all do it. Sometimes it works but often it doesn't. In RMP's case I think it is a good strategy at the moment but I have no funds to follow my own advice!
lot of people locked in including myself 4p would be happy with , hopefully will top up next week to get my average down , holdings increasing for the last 2 weeks ? agree with Bolgas oil prices flat and may go lower will affect sp. long term for me 1 to 2 years will boost my pension pot, glad to see you back Oil
I agree cinco is a good bit away but when market conditions improve i think sc55 could be farmed out to a major on the prospect of cinco. I don't see much happening within the rest of this year, which may cause this to drift a little. on the next activity 4p is the obvious target.
I have been a long term holder here from the heady heights to the depressing depths like now. Your understanding from OTTO is Cinco's off the radar for 18 months or so. Certainly the indication were that any drill was at least six months away.
But could not the recent big purchases (many millions of shares but not that much cash) be as a result of possible (hopefull real) interest from Shell?
OTTO would not divulge that to you as it would be price sensitive. But from an OTTO perspective, a homespun drill would certainly be many months away and their indication to you would be quite truthful.
My understanding from OTTO is Cinco's off the radar for 18 months or so.
Looks to me people are building a very early position, for a long term hold, if you consider 18 month or 2 years a long time.
Still, there is always an outside possibility of other news in the meantime, however with depressed oil prices right now I suspect they'll wait for a recovery before any announcement. Personally hoping for oil to make a small recovery before year end.
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