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LOL, I'm sure you'll do exceedingly well regardless Specialist100....!!
Atb & have a splendid weekend
We still make money being IN rather than OUT......unless we can subsequently BUY in at a cheaper price.....but the what if a FARM IN deal is annoùnced in the meantime......??
Each to their own but I'm looking at this as making a healthy PROFIT without nevessarily the prospect of a maximisation of such. Sometimes STAGGERED BUYING' helps, but Im looking at àny future open offer to afford me an opporrunity to accumulate more stock for the very probable price appreciation into actual drilling.
A comfortable strategy to have and given I'm already well invested, hence no problems if we're surprised by any Farm in announcement.
Atb all & have an easy Friday
Jim,
good post.
I would add from a pure gaming point of view the more 'outs' you have the better.
Having Farm-in may be preferable to a placing but a placing is preferable to not getting a drill turning.
there was a comment posted earlier with a view of not looking toad to any holdings through a placing. My view on that is as yet not clear. Today, at 2.5p doubling my share count to maintain my% does not look attractive. Mrs P_I would have me in the dog house for the foreseeable future. At 1.5p I am still leaning towards a no.
I think it would need to be sub 1p for me to kick the dog out - I would still be in the dog house.
That is not to say it would not be worth the risk financially, just not worth the risk domestically.
If that were so, then a drill would have happened many moons ago.
POC: One finger cannot lift a pebble.
P_I: but it can convey a message, flick a bean, beckon another to you, emphasise a point or just pick your nose and scratch your head.
I suspect that given the right conditions a single finger could indeed lift a small pebble.
Jim, I’ve been in this share for a long time after investing following several meetings in with Alan Burns on the IOM. At the AGM it was apparent to me that the short term sp is not an issue for the Board who are entirely focused on drilling H12020.
Well put Jimtheknow!
Atb & have a productive day all
Jim, I’ve been in this share for a long time after investing following several meetings in with Alan Burns on the IOM. At the AGM it was apparent to me that the short term sp is not an issue for the Board who are entirely focused on drilling H12020.
One finger cannot lift a pebble.
Yes we all want to see it climb and it is without doubt frustrating and disheartening to see it fall. However, maybe some small solace can be taken from a falling share price, by that I mean....
If you wanted someone to negotiate for you on your behalf you would like them to have the strongest hand possible and shareholders have facilitated that by passing all resolutions. This means little though if your opponent(s) doesn’t believe you’ll go down that path. SP is a good reflection of sentiment and with that languishing where it is it seems to me that the market overwhelmingly believes a large placing is coming and the company are allowing that picture to proliferate as it serves a purpose at the negotiating table.
The placing may well happen and if so who cares, we get to drill. If we get a farm in we drill. Ultimately all roads should lead to a drill.
Form is temporary...