"you could not have picked a worse share to invest in on aim" ......... Now don't be so silly!! I could have picked a lot worse than LOGP to invest in!! So could you!! Most AIM shares in fact!!
AIM is a sea of dross with a few potential bright stars scattered amongst the dross.
I don't know when you acquired your LOGP shares at 53p, but believe me buddy you could have presumably picked a lot worse at the time. CHAR, RRL, RMP, NEW, RRR, RGM, PTR, MTA, for starters; the list is almost endless!!
Charts and chart technicals can't predict the result of a well, the result of a CPR or the terms of a farm out. That's why back in 2011 and 2012 the LOGP chart and LOGP chart technicals were all FIRMLY NEGATIVE before good good news caused the LOGP sp to re-rate and double in a short time frame. All a chart and chart technicals show is the current and past investor sentiment towards that share; whether investors think the news will be good or bad and whether the news will be soon or not. Sometimes a leak can influence the direction of the chart, but that's not guaranteed especially will a drill result.
LOGP is cheap, IMO, at a Mkt Cap of £67m based on it's current assets: 20% of Barryroe and 3 prospective licences waiting to be farmed out. Of course the LOGP sp could drop back to 43p. It could even drop below 40p. However it could also jump up at any time on the release of good news, just like it did back in 2011 and 2012, even if the chart technicals are firmly NEGATIVE.
Whether you bought at 53p, 48p or wait and hope for it to drop to 43p, or even lower, is all down to you and your judgement. It's not easy to buy at the bottom. It's something we all strive for, but the big unanswered question is where is the bottom? Nobody can predict the bottom!! If the Barryroe CPR is perceived as disappointing by the Market then 43p wont be the bottom, believe me. The bottom could then be sub 30p!!
all technicals pointing to 43 entry,you could not have picked a worse share to invest in on aim,i dont understand with so many more upside shares around,i made mistake of buying these 53 last year and have been stuck since,wiil hit 43 and bounce back to 48
I ignored the horrible LOGP chart and topped up with a further 10k today (2 x 5k shared with my son). Wish me luck lander!! I must have fantastic foresight or be truly mad!! LOL. Fingers crossed it's the former, but knowing my luck it will be the latter!!
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