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The seller still has loads, ignore the rampers telling you its done, it's not, by a long shot. I may have gotten a lot of grief, but no one has once admitted yet that my take on things was fairly accurate. Good RNS, just an awful recipe of risk averse market, telegraphed dates, a poor track record and a massive bucket of confetti sprinkled over pi's. An like a broken record I will repeat, this is the worst run into a drill of its size in AIM history, FOMO would usually have buyers clambering over each other at the potential of such a quick 10 bagger. Just ain't happening, just gotta hope its a hit. If it is, happy days for holders, personally I will play the news, duster you may get an uber cheap entry, a hit and you will make less gains. It seems like the market in general are thinking along the same lines, decent RNS today and red, would not surprise me at all to see this in the low .3's come close of play Wednesday, no appetite for the buyers at the moment.
Hoping always hopes for an RNA message on any platform , its the bits with the written word.............RNA where ever you go , Sedar canada Nasdaq , rns is just one of around 8 origin sources for them in the UK but like all good news wires it relays them all
others include GNW , PRN , BUS , EQS , EQN .............
Never sat right calling for the machine , not the message itself...........lol
I had a look on PRM bb yesterday (last minute jitters). There was one comment there of just how big this find if happens, may be. I.e. last find similar produced a 500 bagger. But please note that was on ASX, at a different time I.e, no war or difficult financial time. But personally like to have my feet on the ground. So good points made on this bb relating to our personal circumstances.
Fingers and all crossed, the update will help flush more of the wonga lender seller out of the way, before the main event is reported.
The previous day dated trade drops, ended last week with a run of £333k - £67k - £ NADA
Hoping is Hoping at least the huge backlog of trades is done and buying interest, from the weekend media and todays update, can keep pace with bozo wonga joe, during our short week, see where we sit , Wednesday close..............GLA
Equally who would have thought about the thousands of dusters that people have invested in? The point is we hear all the amazing stories about the few shares that were explosive and forget the thousands of shares that end up dusters. Lets be measured and objective. Most would be happy for a 10 bagger but talk of 50 bags and above, are way too premature and rare.
Wise words chitta. The tough thing is 'greed' or for some others like me 'wanting to make enough back to make the years of pain worthwhile'.
What I mean by this is that if I was a new investor I personally would be happy to make X 2 or X3 within a sort space of time (depending on how much I had invested). The problem with clon (and pet) is despite the fact I am suffering heavy losses I cannot bear to leave with breaking even (good scenario as heavy losses are worse) and feel I have to stay until it makes bag a 5 to 10 bag just to give me some peace and make the years of having my money tied up worthwhile.
This is the problem of letting emotions get in the way. I agree a 40 bagger would be very unlikely and even a 20 bagger may take many years (or not ever happen subject to complications hopingforbags listed).
5 bags would be nice, 10 bags would bring a sigh of relief to my face. Really hoping for some good news....finally.
In all cases , remember a first drill on a new play , is always a binary 50/50 gamble win/lose , strike/the D word, or one of a 100 other things than can and sometimes do screw things up, crumbling strata zone, bit problems , tools lost downhole etc
Nothing is ever certain , during or post TD operations, those are the risks , the rewards if the jigsaw completed , transformational to the company and for some life changing.
but it's always , your bet and your choice , how much to risk on that 2 horse race.
The other thing with Oil and Gas, when looking at companies , having an asset and it moving through the system to get to the point of drilling, can and often does take many years.
Nothing is ever , soon , imminent , q3/q4 , until its in play with permits secured etc
Africa in particular go at their own pace (subject to terms and conditions and envelopes) LTH here , known all about Ghana, also in my PF is one with years racking up in Nigeria the licence expired 2020 , not cancelled, over a 100 others in the same boat, as the Gov introduced the Petroleum Industry Bill, into law as PIA (act) last year.
Too give clarity , transparency and SPEED UP the process.........lmhofao and implement 3 new anti corruption bodies....TIA
Always research the countries involved , not just the companies, trying to make it happen
Another of mine , holding an asset , previously owned by Shell (5 poss over 10 TCF +cond) seismic/mapped and drilled by shell, valued at $0.00 in Asia.
Problem there the locals want everything to the Island for processing (nothing built) and have said NO, on multiple occasions of other proposals by Majors , so they left frustrated leaving an opportunity , for Aim minnows IF it ever gives a FIRST permit ever to do so...
Even our own SS Britannia , suffers badly from self interested , local councils putting up ILLEGAL (they have a Gov policy framework) roadblocks and flimsy excuses to block a development.
A recent one , due to covid held as a video conference, the councillors , supposed to be in isolation for the sessions , one being side line coached by his wife , while serving him his Tea and biscuits....lol
Not a single VALID objection (per framework) made , a large amount of time spent on how it will affect my Weddings business during the Summer.........ffs and they shot it down yet AGAIN.............since overruled by higher authority.
Moral of the story , look for more like CLON's move into an upcoming NOW play and build others after research and during the price suppressed waiting periods , not the news spikes.......GLA