Only joking Mate the last 2 posts you put on here from the ii bb I was going to do the same.. great minds and all that... encouraging posting at the moment ............................................................
,, The last 2 FRR trades in Spring were pretty good indeed. As you know I mostly trade indices and FX nowadays , but stocks are still a good earner for me and less stressful at times .
I do like my TA as a measure of sentiment . Fundamentals can be biased whereas the chart doesn't lie . Having said that I trade on both .
Here we genuinely have a good set of RNSs to come our way , forgetting the 'testing complete and sales commencing' we also have if am not mistaken a CPR which should see a further upgrade in resources, we have probable JVs of farm outs etc and as soon as the cash flow situation is sorted the faster the various milestones will be progressed . The chart reflects expectations and the higher the expectation or the closer we'll get the higher the sp .
The chart bounce last week is just a very minor first warning shot that the stock was priced too low with all the above in the pipeline . Let's not forget we do have a load of assets and still a£17/18m company . Tiny market cap vs a more that probable potential .
Plus the figure for 57,000 cubic metres per day is just the 'initial' as they say so I'd expect that once it starts to flow the figure will be ramped up quickly as they have loads of gas .
I presume those 1.3 mill where yours going in a isa. Good luck mate. I hope you surpass your 10 k allowance before tax and triple it. 4.00p is ,possible here in 12 month if we get the oil out. Also 18bill barrels confirmed with a CPR. Atb zeps
that gas sales could start in this quarter...i have left all hopes......its going to be in next year....never ever saw a company in my life time though have to accept still have to see much of life.....there seems to be some serious regulatory problem with companies listed with AIM (RRL, NVTA, FRR etc.)....though we all accept investments are subject to risk but the manner in which investors are rinsed off their money is mind boggling with AIM...you don't need good knowledge...you just need sheer good luck to make money out of AIM....I am not an expert but do believe that TAX / ASX have much stricter control, and attitude to protect investors..atleast this is what i felt in case of NVTA / THR / RRL.......
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