It seems to me that every negative is seized upon to drop the sp. Today in this case the uncertainty in regards to petrofac alliance and the termination liabilities. It's how the aim market operates these days, small rises on positives followed by instant profit taking. Big continual drops on uncertainty or negative sentiment. So different to just a couple of years ago. Investing on long term fundamentals is seemingly pretty pointless. This is my only and last aim stock, hopefully a decent exit point will arrive over the next 6 months or so. Possibly the lead up to bomono drills
The SP should certainly rise once drilling starts. I have accumulated a bit more so that's my last tranche. I see plenty of upside here. The Herald article is pretty slanted - "The President...has yet to approve the project" etc. Biya's signature is just rubber-stamping so EA is a done deal.
122m MC now. Over 20% drop from last week. Games. If the deal went through and we actually had >£150m in the bank would it still be possible to be trading at these levels i wonder? All assets would be worth less that zero, don't really understand that myself, especially with 4 freebie wells being drilled soon.
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