workover, obviously depending on your buy in price, (I prefer to miss out than play catch up) but my point was the market usually gives you a chance to get out when you've picked a wrong un....just don't miss it. There are plenty of people in those companies you mention who were heavily under water and watched a recovery come and go and ended up with nothing. I guess part of it is admitting you picked a wrong un
two points... the initial buy in is critical, if you bought XEL or GKP at £4 you were always doomed. (but I wouldn't do that)
all the examples I gave eventually collapsed, I just grabbed my chance.
in fact even with RRL I missed my get out chance by being greedy over the puntland results. Live and learn.
It is all dependent on how the waterflood and production figures grow but if we can get to our 2000 BOPD target and the PO continues to rise I can see us getting up around 2p by the year end. Remember Aminex was less than 1p a year ago and is now above 7p
Have checked short tracking sites, none evident on Range at the moment but someone is definitely using DMA to keep this down while volumes are low. I genuinely believe we will see a re-rating on the next quarterlies.
That's fine by me! It's obvious that someone is 'holding' the price artificially down here for one of two reasons.
1) that they are shorting the stock.
2) They are holding it down here as to top up bit by bit, slowly slowly.
So which one is it? Personally, I can't imagine anyone would be shorting a stock down here! Plenty of other better risk reward shorts out there.
Why not hold the price down.....with your daft 10 sells for £40, whilst the company actually increase production and improve prospects. Then wait for it to 'coil' and take the ride on the way up! If someone has the means and know how to execute smart DMA trades to hold it down....then they definitely have the know how to pump it later!
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