My money is on GEO Group.Inc NYSE what are they in that pays 8% divi, can't beat that. Well they are in prisons, rehabilitation, Immigration facilities etc. Where - the US, Canada, Australia, UK and South Africa. Don't somehow think they will go out of business. If gold increases, maybe the dollar will too. Just my take on it. Makes a change from boring water, Nat. Grid etc!
I hear from a well connected colleague that the results from the 10 Continental well will be delayed for another 4 to 6 weeks whilst they investigate an unusual phenomenon observed in the IPR.
The word is that although the average flows are in the expect range of 2000-3000 Barrels of Oil Equivalent per Day, Comprised of circa 50.00% Oil, 49.86% Natural Gas, 0.07% AU and 0.07% BS . Subject to achieving satisfactory thermal separation full result will be confirmed ASAP.
Sounds like it could be a golden result, either that or complete 100% BS.
A nice little bounce off the 0.16 support then, that'll do nicely for starters - never any guarantees until it's happened of course but I'm hopeful of at least a 4x bagger from here ...
@ Mr English - Agreed. It ain't over until it's over and the 0.70s shout aligns with my own and targets all three gaps on the chart @ 39/47/72.
On the assumption of news (by 2nd week June imo ...) giving her the shove she needs then I see 70s-90s by the end of the year. If you can be bothered to wait around for 12 months (I, of course, won't lol) then you've got a shot at seeing 1.4p here ...
@ Boak - Hi mate. Yes, five loooong years lol but paying dividends now ;)
I think that we all just need to remain calm, as the saying goes... a few blue trade doesn't make summer.
The longer term posters here and anybody who has researched this business is probably of the opinion that there is massive potential for some positive movement of the SP. However, we have been trotting out that line for the past 24 months only to be proved wrong, and wrong again.
So what's changed? In short two things. (a) There really isn't much further this can drop, even a dead donkey has a value. (b) The market for oil is finally starting to turn around.
With respect Bonk's the medium term graph, at the moment it only confirms (a) from above; I do however suspect that when to breakout finally comes, probably at some point in the next 2 months, it will be fairly swift to around 0.7p; after that it probably depends on (b).
Obviously 10 hugely successful well results wouldn't hurt. My concern then however is what's left in the pipeline. I'm guessing that additional investment will be required to fund the next round of drilling?
The Bulls system recommendation today is to BUY. The BULLISH HARAMI CROSS pattern finally received a confirmation because the prices crossed above the confirmation level which was at 0.1700, and our valid average buying price stands now at 0.1710. The previous SELL signal was issued on 10/05/2016, 14 days ago, when the stock price was 0.1848. Since then MAGP.L has fallen by -7.47%.
Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit.
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