bud , its your choice in whatever you do and hope you make money from that decision, I cant get my head around your decision to sell at this stage, nor can I see a more risk free investment in any market at the moment. But GL in your choice of strategy !
Vaughan, From my extensive studies: Large cap oilies can be found on the forecourts; Esso, BP, Total, Tesco, Etc., Medium cap oillies get smaller HQ's; Enquest, Cairn, etc., Small cap have P.O.Boxes, bush huts, lots mosquitos & constantly putting out fires...LGO
Agree with you on mc risk -growth bands. I look at the profit (how will it be projected on sp 3-6-12 months) and return(divi) and those are my rules. Lgo being juniorish explorer - producer will have highs (hysteria) and lows (panic) .Currently I don't have numbers to make me tempted not to take few 100s% profit here, I don't feel a need to suck up every penny( even if many still left) out of lgo to be happy. I admire your enthusiasm for lgo's potential and you might be right. Gl
we have a 750 bopd tank and a 2000 bopd tank that can both be emptied twice a day or maybe even more , but twice a day we would require 5500 bopd production to do that, we are no where near that and wont be even with pad 3 so I don't get whats so important about the tanks at this stage of the operation, Going back to my movie now lol
in here between 2.27p - 4.1p, will i be topslicing.......not a chance, maybe after we finish the 30th drill, till then my 140,000 shares aint going anywhere, looking forward to a nice profitable ride in LGO........G.L.A.
Your comparison method is flawed, if it was that easy to establish value, then all the market would need to do is get one good company and compare the rest to it.
Market capitalisation is a value of the company's shares grouped on the market, and not nessacary the actual value with all assets and cash flow.
Now let me explain why some MC are different, your comparison to TRIN would be a good starter as a example. Market captilisation is the classification of companies into different caps which allows investors to gauge the growth versus risk potential. Historically, large caps have experienced slower growth with lower risk. Meanwhile, small caps have experienced higher growth potential, but with higher risk.
LGO risk is about as low as you can get for a growth oiler, it is as simple as that, growth combined with low risk is pushing this company towards mid cap.
If you top sliced at 2p and 3p, then you still have not realised the difference on how a market cap is configured. I wish you the best.
Add to our assets all of the unexplored land being aggressively bought up - NR is a man on a mission and the vision and strategy he has for this company is bang on. He is absolutely in the know as you would expect. Think beyond the short term is the mcap fair to medium to long term is the growth potential there from sound strategic thinking? The answer is undoubtedly yes - patience will see us through. I can't see the strategy of trin being as sound as lgo. Mcap is but one aspect of trading and investment decisions.
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