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Agree, and if anyone did know anything, I suspect we'd have lost more/ all of the gains made in the last week..
We had a big rise on Friday and also yesterday so there was always a very good chance of profit taking today.
Nothing has changed we are still drilling ahead with a 95% cos.
Hold tight folks.
In today’s instalment of Greed v Fear; Fear wins.
unless somebody has any insider information ??????? can someone tell me what has changed since yesterday when we got to 5.7p??????
I thought not, just sit back and wait another 48 hours, please
Gotcha, ..... that makes sense
Wyn, they may well RNS when they hit the top of the attic.
I thought it was a 35 day drill, its only day 19 tomorrow. Are we being a bit previous here?
Chances of news overnight or first thing are pretty high.Be surprised if there isn't at clamber after 4
A 5% chance of not having geological success that should read.
East Timor roulette 1. We have a twenty-shooter revolver and only one chamber has a bullet in it.
( A 95% chance of not having geological success - the expected geological structure, hydrocarbon charge or sealed trap).
East Timor roulette 2 - We have a ten-shooter revolver and only one chamber has a bullet in it. (A 10% chance that the oil falls below the commercially viable 1C classification).
If investing was about playing the odds..............!
What's not to like.
Creeping up again now as people buy back in so they dont miss out.
WIll probably close flat or slightly up is my guess.
I imagine those who wanted to de-risk and/or skim have done that now. Sub 5p is now tempting for others, so likely we will get a bit of a bounce in the last hour or so. Plus, perhaps news overnight..... we've gained 30% friday-Monday, a small decrease today was probably expected and understandable. Nothing has changed at the rig (that we are aware of) so hopefully bravery will pay off :-)
PJ
Yep - news imminent
Goldman Sachs expects oil prices hitting $100 per barrel in the second half of this year, citing a lower than expected hit to demand from the Omicron coronavirus variant coupled with increased supply disruptions and OPEC+ shortfalls.
Strong chance of a reversal back to 5.5p today as peeps chance their arm on news in the morning.
yes, its difficult though luckyman.... there are a lot of folks who have been 'stung' and once bitten (or stung) twice shy- and safeguarding capital is so very important. When its a blue day, its easy to hold or skim (a bit)...when there is a bit of nerves then its a very different ball game. Been there..done that. Holding now though as feel news when it come will be positive and likely within 48 hours. Wont be topping up as brasssic, but will defo take some profit when the time is right.
all i m humble o
PJ
Stay safe all and watch for news-
Don't panic sell whatever you do.
Hold tight and top up if you can afford to.
This is a winner. Imo