Agree, 100%. Understand the game and you win; cack yourself you lose It is so unlikely to go below 3.75 for a meaningful period,play the odds - GL all
I include the following from advfn re mm and the share price. It doesn't matter if a company like Oilex is producing 10,000 bopd - the sp wont move north until the people in the City have established a position from which they can make money. They rely on investors doing their research, looking at the fundamentals and (correctly) working out that a share is massively undervalued. Then they collude to lower the sp even further. Some people will panic and sell thinking they've made a mistake and they missed something, many more will see their stops triggered while the spreadbetters will see their bets closed out at a loss. Shares are then picked up by the City guys at cheap prices. That's the game so you need to keep faith and hold and wait and wait and wait. GLA.
RE: hope someone can explain this
Not really price sensitive as this has been on going for some time. Once they have the aerial gravity data in hand which they can present to the interested parties then I guess we could get a deal done. They should have this from CGG within the next 4 weeks or so according to RNS but you never know it may already be in hand.
Like many I have been in here since the start of 2014 and seen a 70% paper profit fall to 20% twice over - frustrating but what does it matter ? If you are a trader then you generally look to take many small profits on many Occasions. The minute by minute, hour by hour and day by share price is wholly relevant. If you are a short/medium/long term investor then the say to day share price doesn't matter. If you believe there is good value in this share then it's an ideal time to top up - we know it has the potential for 50% quite easily and quickly - we've even seen in twice over a matter of months - if you believe it, but done more. If you buy at 4p and it goes to 6p next week would you sell? I wouldn't but I am not concerned with the daily price movements - it is fear and greed - most are in here for a potential multi bagger (the greed) but the fear has turned into reality for some now it is back at 4p Bottom line is that the share price is where it is and the MMs are there to create a market for the shares. There are still plenty of sellers out they who will accept just above 4p and plenty of buyers at the same. What we don't know is what's happening in the background. There could be some large sells that may show as delayed trades over the next few days. Why are people selling - they are happy to take a 10% profit and move onto the next one. A large number of traders don't generally stay in for the full drill and are happy to play along with the pre- results hype. Just my opinion -but happy for anyone to add anything further
Yup, agreed mate - 6p is the first "marker", true breakout is beyond that and will threaten at least 10p imo ...
As most of the way and most of the things since I,ve been here, I think we have agreed on everything apart from me thinking that the placing was merited to fund canning survey and any cost overruns at cambay, rather than using Darwin to draw down. I already had over a 50% gain twice and as said threw sense of money in the hand out of the window, Threw even my initial plans out of the window as didn't think the c****s would do this, Thought they would have preferred to derisk up where it should be now, Not drive it down with no justification when buying volumes were at records and sells were minimal. I cant make any sense of the logic, but good rns and whoosh down due to next stage some time away......Stinks mate and totally unjustified. just greed combined with a little safety and mega greed. Well I,ll be here for the success cos I doubt after 3 times not thinking financially and thinking what should be, That I will now sh*t or bust it, They aint having mine, even if they do want it all and as cheap as poss. GLA
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