As another who got in early, I too have seen good profit turn to paper loss but I have been giving the situation a lot of thought. I have managed to average down to 1.97 in my main account so well under water ( another account is at 4.00) so not my finest decision there ! I cut and posted Lionheart's comments from several days ago to read again whenever, as it really cheered me up as to what the final outcome may be. Monthly production figures is what I would be after. IPRS do not paint a true ongoing picture but are just a snap shot in time and can/will lead to disappointment IMHO. Anyhow, I think we are allowed extra in ISAs from this July so I for one will be loading Maggie in there at this paltry price and then leave them be. Edge is picking up and I have done OK with REM so will prob slice a bit off there to top up in the mean time. I read somewhere that the average take over price can multiply a share price x 3 usually so that may give us some hope for the future level. GLA GandTx
Well said. TraderOne - fair question to your equally fair view but it has to be said, even you think the sell off has been overdone - hence your investment? I too wondered what you meant by 'disgusted at Management'?
For me, I think we have actually fallen foul of an overdose of Management 'honesty'. So many AIM companies BoDs keep investors in the dark with potentially bad news. I think the BoD here have just 'told it like it is' as soon as they have had knowledge. I strongly suggest we may see a very different scenario here when the CPR reveals the reality of our reserves.
.....I do get a bit cheesed off with continued references to Baron on this bb. I am entirely with lindi22 on this.Correct me if I am wrong, but Baron is a trader, who quite probably did a pretty good pump and dump on MAGP during the run up to 5p and may or may not still be invested. If he is still "in" then he is certainly a far less vociferous supporter of MAGP on this board nowadays. If he got out with a big profit, then jolly good luck to him too. That is obviously what he is good at. However, I think most of us will have been guilty at some time or other of allowing ourselves to be drawn in by the hyperbole and the self assured tone of traders seeking to either ramp or deramp a share in the most subtle of ways. Traderone. I have a couple of question for you. Can you please be more specific as to why you consider the BOD have "mismanaged" matters here and also can you be more specific on the question of the cataclysmic event (which the market clearly would have us think had occurred) that has infact occurred to give rise to what you consider to be a justified re-rating of the sp to the current level? Many thanks in anticipation.
Still here and staying put until T/O. Disappointed (to say the least) that I'm now well in to a paper loss, but, as has been stated previously, it's only a major loss when you sell. If a medium player came in tomorrow with a T/O offer would RFW & SOS accept the current "value" ? I think not. Patience in abundance required, painful though it may be.
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