Last time this ran upto 1.40p was on anticipation of news on the gas pipeline I seem to recall, due to the delays to the gas the momentum dropped away. I myself sold back then. This time I am buying in at that level knowing there is lots more to come, we have gas and oil in huge amounts and things are really progressing now. Just look at LGO for prob something with similar potential, that's gone from 0.5p to circa 5.5p and still climbing. This is just the start I hope of a long long overdue rerate. Gla.
Higher highs and lower lows, all the big gainers follow the same pattern,expecting that possible 3m @1.39 sell(maybe a buy) to have been placed in black to cause a minuscule negative opening, to create an avenue for those nervous traders to think about, seen it all before, always s largish trade dropping in at 5pm with the "black" buy/sell who knows routine. Holding all the way, 30m dollars debt yes, £32m ish Mcap and a potential ownership of 51% £200b of oil and gas in place, recovery factors unknown granted, funded for the next proper drilling campaign sorted (could do with sign off agreement with verang) the market is definately waking up here, this could be a huge company, or in my view, a huge buy out target, just hope the interims with only a few weeks of gas sales leading up to year half isn't used by the makers to bag themselves more shares, top up number 14 for me if they do.
If you've doubled your money matey then you ain't done too bad. If I were you tho I would have put a nice safe stop loss in place and watch this play out, but each to their own and tbh sometimes taking a profit is harder than takin a loss. GL anyhoo
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.