Either LGO or/and MOG will release RNS stating how much the court has ordered paying. We will then know what our liability is and this will impact the SP. I'm hoping to pick more up between 0.6-0.65 p and then I'm done.
This is oversold and I'm expecting a rapid shift back to 1p over the next few weeks as the drilling starts.
I suspect NR might find some more good news to shift things along.
I assume there'll be a RNS in the morning announcing there's no cause for concern because the company easily has enough to settle whatever the judge decides is fair? Some people seem to have been told everything's ok but others won't know so I expect LGO will want to clarify the situation.So I'm going out on a limb and predicting a RNS at 0700hrs tomorrow saying dont worry. Then the share price will rise I should think.
Does anyone know when the costs will be announced, I imagine they will release an RNS Thursday lunchtime with the result, i.e percentage of costs to be paid... but when will we know the actual monetary amount..? I know there has been speculation on the amount, if our costs were around £1.5m-£2m (or was it $?) then wouldn't theirs be similar...
I think we are rock bottom now I don't see the cc costs doing much, as we all know its all in hand we got the cash to pay it and we paid ours already, also we had a rise today so maybe this is the start of the rise. But who knows this is all guess work and just my opinion and I guess hope too. If we end blue tomorrow I think we are on the start to a recovery in the SP. DONT GIVE ME GRIEF ITS JUST AN OPINION.
Sorry, missed your post while I was typing. I agree that the sp may go to 0.6 if the costs are deemed to be bad. However, if they are deemed to be less than anticipated, the sp may rise, as it is clearly oversold at the moment.
I am chomping at the bit, waiting for the drilling. I have been waiting for this to happen for what feels like ages.
Hi Asher. I have managed to get my hands on a little bit more funds to top up with. I was considering waiting till Thursday. But, it is difficult to call how the sp will react to any news. The best opportunity may have past. Who knows? I suppose in the long run, 0.6 or 0.7 won't make any difference really. I think that they'll both get a good return.
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