I would not look at Fridays movement as a indicator for anything. The sp was tightly controlled all day, and any uplift was pressured down by block split selling. Without this, we would probably have finished at a much higher price. To me the current Sp is artificially controlled, and we should not read to much into it.
In a way I am glad that we have only risen a few percent, this then bodes well for any good news on GY-667 on Monday (hopefully). One thing is for sure, we are not priced in for a RNS Monday.
Production will bring stability and support, the trigger for this is GY-667, Trinity Innis and Pad 3 production.
OPEC meeting may also filter into the Sp, we are currently taking a no cut and drop in WTI price today, any change of that will have a positive effect on all the oil sector. I personally believe a small production cut of 500k to a million barrels will be announced, and a more stable $85 - $90 WTI will be the result. But that's more a guess or hope I suppose.
We have seen this share price pressure before, it was around the last placing price of 3.5, where we went to a 3.05 sp for a few weeks, before production came to the fore, and the uptrend proceeded to take us to the 52 week high. We should look at that as a guide to the current price.
Thanks for the reply. I agree, Knife also recommended. A lot of good posts, I didn't mention individually. esxesox, I understand your position, I'm also in the same boat with my wife, who is far too intelligent for me to be able to pull the wool over her eyes. Here's to a week which will be the start of memorable things to come. GLA
I agree Martinsman. Your posts together with onceatrader make excellent week-end reading. I would also include the post at 0924 by Knife whose analysis of potential SP rises made a lot of sense. Well done all of you. Posts recommended
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