Ahhh, Pricing of a financial instruments and the underlying. With derivatives you have pricing with the sensitivities, like first order Greeks, Delta, Theta, Rho and second order greeks like Gamma.
Whilst in the wortld of AIM you have, it seems, pricing parameters like:- How much do you want to piddle off the PI?. How topsy turvy do want market forces to be? Size of tree shake? Is this scam fully orgainsed and hidden from the Regulator? Only then the pricing within AIM becomes understandable. Welcome to the world of AIM-- gla to all PIs.- RM
Take it we are just waiting for news on the next lot of drilling?? I believe this bod have got to get the 3000bopd plus in the bag asp and then some confidence might come back in to this share, is there still some wells off line that are due back on ?
rough - nice post cheers. Yes can understand your caution. It's difficult to imagine there is much downside from here if I'm honest, I think it's already been slaughtered! We'll have to see what happens from here but there is clearly mistrust by the market I can't deny.
When a company has debts greater than the current market cap and wells on pad 1 and pad2 that have pressure issues means downside....oil price has fallen 25% over the recent months so ptr have high capex and opex. if ptr were selling cira 3000bopd they will now need 3700bopd on current oil price
Dibs I know the figures, what I'm saying is tread with caution, I own 500000 of these now at an average of 3.9p, was far higher, and personally i would prefer a farmin to a takeover, and yes I agree that there is a tasy upside, but then there was when this was at 60p. GLA
By tuesday even positive temperatures at night. Double digit daytime figures. The big thaw and melt is another step.
Meanwhile, the market stays rigged, full AIM treatment. Bad case.this one. It has long since gone past the smelly dead fish stage. Good job the FSA (Food Standards Agency) - who were supposed to digest these issues, got closed down in the last month because they weren't doing their job. - gla RM
Tell me the possible downside from here rough? I'd be interested for a considered opinion. IMO this is either going to get taken over or they will get a farm out. Note there is still lots of Institutional support for this. They have not bailed.
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