Some investors in PCI that have been holding for many years will be cashing in their chips when we soar to over 12p, just as they did when GKP went over 50p for the first time ! By then, of course, we will have a whole new 'batch' of investors coming on board at prices that we dream of that will seem good value for them...just as did happen with GKP. Then a few months down the line those original investors will wonder and ask themselves, "Why didn't i hold on for just a few more weeks?" Just like GKP...I KNOW, I DID THE SAME, sold GKP too early at 32p and 48p, then at 81p and spent the next 4yrs asking myself, WHY? IF only......
PCI has been lagging behind. I believe pi's will soon see this as a bargain basement stock so heavily under-rated. Brokers are very bullish and i feel the markets are beginning to realise this too? Once the momentum gathers pace, investors' won't want to be chasing this stock to new highs, they'll be getting on board now...and now is about right, imo.
Snap up shares in Petroceltic International, Liberum Capital advises. The explorer has agreed a deal for a partner to work on its Isarene permit in Algeria, which contains the significant Ain Tsila gasfield. Liberum thinks this is good news for shareholders. Petroceltic has decided to delay its planned listing on the main market until the deal completes. Liberum retains its buy rating with 11.4p price target for shares that are 6.85p.
Dont want to over egg it but are we about to smash through a major trend line..........that will take us to 15p sometime this year at least.
Volume ?? yeah its funny to see all those shorters; who sold anticipating a fall in sp post consolidation; now trying to get their holdings back with all this action lined up to take place before the delayed consolidation and the move to the main market.
I guess we have all be left on the quayside at some time.
Look at the overall position . Charts look good.market sentiment looks good.farmout looks good.drilling programme is diverse and guess what... It looks good.in the time I've been in here the sp has been substantially higher but the overallposition has never been more positive! And that is before romania n bulgaria slam home their results.the bod are doing ok,obv could have done better over the years but hopefully with the enlargened group n red adair jnr lurking in the background with short leash handcuffs on they will get fingers out of proverbialls and go give it some.
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