but, my only thought is that they too, (BoD) will loose considerable sums to and also probably more importantly, they will loose credibility, as who will ever employ those who took the largest on land find and cocked it up... not that that will matter to TK, as he has enough pie money for many lifetimes... but few friends I would think ? IMO
i have seen this before during the crisis and sat out then too. They keep lowering the price by buying and selling to each other, meanwhile buying up small investors. Then When it is really low they ask for more money. They dilute the company. They keep doing this until investors are out. The investors holding is in their interest, particularly if the buy more. Ie you have cake and i have cake. 50/50 but then we divide it into 10 pieces. But each one cost a thousand pounds, you only have a thousand but i have 8 thousand. I buy What i can and so do you. Now you have only a fifth and i have four fifths. There are many ways to do it. Look at general motors or Lloyds etc. Etc. It is a cycle. I would stay out of this share sadly. It seems to have been decided a long time ago. Tk seemed pretty naive and honest and he was removed. I could be wrong.
What sort of price are we expecting now if we are taken out? I remember EO SP dropped from £1.50 to 50p and then was taken out by premier at 80p. Surely we would see at least £2 but with the SP so deflated a bid of £1 would not surprise me....This share is torturous...
I reckon its dropping as after more larger stop loss levels, as larger holding pi's arnt selling... has to be a ruse... as you are right, never been better placed, a case of plod on till the greedy idiots can agree with each other and IS is toast! :)
The company has duty to each shareholder and should have released an RNS at the start of last week putting the funding rumours to bed.
Instead as IR confirmed they spoke with the company advisors and decided to do nothing.
Since then about 30% has been removed from the market cap / share price and us long term investors suffer whilst the directors hide behind this so called " close period" with no buys to address the concerns.
In all honesty this should have been sold years ago as we never had the capital to become a producer that has squeezed the financial life out the company and despite producing in the near future upwards of 40k bopd appear to be making a real mess of it (share price wise) where IMHOy the company has never been in a better shape.
if the manipulators are selling at this price... and its been in constant decline for months... at what price did they buy? to be able to sell at this price ? and why not sell earlier when sp was higher and finally most buys are biggish... so save your finger skin.... its going back up ? you know it, I know it, mm's know it, it is basically who holds out until then ?
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.