It's the same everywhere you look.tullow,gulf,Northcote,premier, ect ect ect. I'm in big in the black gold but have put ship in harbour for don't know when. But I do know that I will bring it out to open sea one day when it's a millpond. Then and only then will it be plain sailing Which it will be again perhaps opec will see sense and stop giving this valuable commodity away Turn taps of get rid of shorty
While the UT can be made up of many many trades lumped together...I think on reflection it is very bullish from a support point of view.....Had it only been a few thousands then it would have been problematic..... It was close to 16% of all shares traded today in that one UT..... Many took the chance of getting in at the bottom of this current trading range and quite possibly got filled @ 32p.... I missed out but will have another go tomorrow morning as a run up to 40p looks on the cards again. My own view clearly...
He's asked me to say that's he's completely underwhelmed by the support (sorry overwelmed). Seems as if he didn't react well to an initial misdemeanour (yellow card offence) and following a few choice words a red card was brandished by Jonny admin.
barnaby67 ref your 14.45 measured and imo informed post. Your conjecture re JBJ's comments about big names running the rule over us to keep the price from collapsing given the $50m min cash situation, is I believe incisive. So are the big names waiting in the wings to see if the hits the fan in October? 'The Board need to articulate what it sees as the options for meeting the October bond coupon.' I'd guess that JBJ and the Swami are working/brainstorming for their money on that one - a calm facade, treading water underneath. Gkp needs paid, regularly or substantially (said so many times but who's listening?) Even with a $10m per month payment the financial clouds are never far away. What are the institutions thought's on all this? Still loading up but to what nefarious ends? And take it as a compliment barnaby, but you and DM have a similar style of delivery. Gotchas :)) Depressingly time for G & T corner me thinks. Or maybe Phatstyle's right and the Sunshine Express rolls on. Glalth.
It drops and rises as and when it feels like it , we didn't go up with the massive jump in oil price circa 40% rise and don't expect it to drop any lower than 32p as this has been the bottom for the last 6 years.
Shame I'm still 3 weeks away from my next top up as I doubt I will be lucky enough to grab another chunk at 32p.
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