Jeez chaps , give the guy a break ...he is only commenting not advising anyone to do anything! Go study GKP and see what can go wrong in the AIM space ....it's high risk high reward here......admittedly things look good here but we said that about GKP when they won court case and went to main listing ...no harm with a little caution and not getting too greedy ...AD
i also believe in taking profits but believe in this case its far too early...barring a disaster, in 2 months time we will likely have increased our current production by 200%. but even then we will only be 5 wells into a 30 well programme. GL though, each to his own.
Steve - read my post. I did not tell him to leave, just to top slice his investment and let the profits roll. This would leave him with 50% less shares but 0% risk.
I intend to research LGO and will be happy to join you all invested in the share if the figures that are claimed stack up after this. You don't have to agree with me but I'm just more attached to profit than I am to any single share, that's all.
No, if you read my post I very specifically said that my advice was not a comment on this share but a comment on trading generally. I also never said that he should get out of this share but advised that shares can go down as well as up and suggested that I am a big believer in removing my initial investment when a share price has doubled. This means that I am left with a free carry of 50% of my shares which are pure profit and from that point I cannot lose.
Feel free to disagree with me but calling me an IDIOT for suggesting that it is sensible to bank a profit and still holds shares casts a big doubt on your competence to provide advice. These forums are full of people who have held on the way up and then all the way back down again. I am not suggesting that it will happen here but there is no harm in making sure you are in a no lose position.
Try googling REPSOL (Trinidad) if you are looking for a potential take out of LGO. Repsol have brought additional 2 new wells into production at 1,300 and 1,200 bopd respectively in the last 6 months in Trinidad (East offshore). Think Repsol are about 10,000 bopd in Trinidad - not sure
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