Depends on these large sells. If they keep coming then I can't see this breaking 70. With or without good news. After a few attempts traders will get fed up and move on, dropping this down to previous lows. Sorry to be a pessimist amongst the positive posters but that's my thought. Just have to wait and see
Bought in last week seeing great potential, today has been a day and a half, seeing us up 19% then ending the day 3% down, what are everyones thoughts on the next few months and the investment case here, today has pulled the heart strings backwards and forwards.
It was very disappointing to see the substantial early gains wiped out this afternoon but hopefully it has got some sellers out the way.
I think that positive oilfield news will force a re-rating of the share price. Randy seems very confident of achieving the 250 barrels a day target by the end of July. As I have said before if this is achieved I see a market capitalisation of at least $25 million based on the cash flow alone. That's without attributing any value to the assets which have the potential to increase production further.
Good luck to those that bought in today, I think you stand a very good chance of making an excellent return on your investment.
Don't panic.... if they broke the company down and sold it off it's worth more than the current m/cap, hopefully they will be putting out information in the next couple of weeks. Check out Northcote noli's thread on A D V F N for more information. Alternatively .... and I hope you have not bought in on the rise ... you can walk away from the share, it's all a risk!
.....my ar%e. The 3rd largest investor has sold their entire holding at a ridiculously low price. Another is selling in huge chunks, and you are "happy". You have too much money or not much sense. I would tell people to wait and see what happens here over the next few weeks and see if the reason come for major investors losing faith in NCT come to light. Remember this has dropped from around 1.7p since last year.
I'm happy with my investment here and will buy more if it goes lower as I'm sure others will, was interesting to watch it all pan out today and in reality the share price didn't move far from where it started the day. Think there must have been some locked in on the way down who have now freed off their cash to take elsewhere... maybe?
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