IF the gas permits are issued then the FRR sp will obviously take off. I don't know how high the sp could go on a re-rating. The charts, at the time, will give you an idea. It will probably overshoot fair value though, before falling back.
Don't believe some of the fanciful sp targets given out on the message boards. Some of those figures are plucked out of thin air rather like the 50p sp targets for TPET. As you know I didn't hold any TPET, but I saw your posts on the TPET bb.
Hi mate, unfortunately i was not awake to grab some more FRR at 0.36 but did manage to grab £15k worth at 0.40, my average is around .44, i think they have quality assets and with an avergae of 0.44 i think i will do very well aslong as i am paatient. What do you think the sp will be once gas permits are announced? im hoping for 1p but i wont sell at 1p, this has alot of potential, i would consider selling at 1.5p might take some time though
FRR closed marginally above the upper BB on tuesday @ 0.54p, but it wasn't a breakout. The sp has now gone back to test the lower BB at 0.43p as support following the perceived disappointing RNS this morning.
Hi mate. I haven't checked the FRR chart on advfn, but I reckon the FRR sp is now resting on the lower Bollinger Band at circa 0.43p. The upper BB at circa 55p proved to be resistance earlier this week. I think the lower BB will provide support as the low price attracts buyers again.
Obviously many of those investors who bought into that spike up to 55p were expecting news, but not the news they got today!! I think the sp would have burst out above the upper BB if the news was what they were hoping for; namely the issuance of the gas permit.
PS. LOGP needs to close above 55p for me to become bullish again.
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