No point in keeping money in here if you won't see a profit till next year.....use that money for other shares and then come back here next year
Disappointed because took out a 7.5k loan to invest more here (thinking this would be 30-40p by now). Something is holding this down as the sp should be higher than 28p (it was 28p when we has no news...we now have rig news etc and it hasn't been above 27p for months)
Also check out rkh........is sentiment for falklands changing.....is sea lion going to be developed? Maybe falkland has seen as too expensive to develop mmm
There shouldn't be any panic to de-risk pre the first drill since this will be Zebedee which is not an exploration one, but merely to mark out the edge of sealion, plus almost certainly add to presently known reserves. As its PMO in charge there's a lot less of unknowns with this. The second though is a quite different matter as it could be all or nothing.
We all know next year is when the action begins but for me now is the time to build a stake, unlike other occasions when I have held FI companies I will be de-risking before first drill results leaving in any free shares I have acquired for a free carry through drilling activities. Who knows when the price will start to rise? This is aim and to apply logic is not always the best thing to do as the mm's are in it for themselves and we are the fodder.
When 3D is released I'm likely to have our geology/geophysics guys take a look, not that too much will be released of course as its too confidential for the investors (we're all idiots in the eyes of many co directors). But we will have a fair idea, and frankly both Noble and Premier have a much better track record than those Namibia people.
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