Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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TheTruth,
"It’s a terrible situation to be in losing all your money on shares"
Pretty terrible situation to end up broke, whether you've done so through 'playing' the stockmarket, or whatever. Following this CV19 madness there may well be some people hanging themselves who haven't ever bought a single share in their lives... But whose businesses have gone bust through no fault of their own, but the politicians 'shutting them down'.
DENSH
get the message?
That's an obscure thought;
WW - not commercial - I think most would consider that a failure. The sp dropped
WD - not commercial - I think most would consider that a failure too. The sp dropped
LC - the joker in the pack - the palaver we don't know the answer to - P+A, generally, doesn't send the sp skywards
x1 production well falters - The sp drops
Perhaps a topic for Oxford Union debating society - I think not.
Double figures by the end of the week.... not a chance.
CORRECTION:
If HUR had not become a producer, it would still have been possible to spread gloom about the 'failure' of its drilling programme and moan about the 'failure' of LC, but the fact is that two out of three wells produced a fair quantity of oil, and LC was going to be a producer but for the OGA's decision.
If all three wells had failed to produce a drop of oil and the two producing wells likewise, THEN I could understand the current share price.
I'm not making any predictions about the share price in the short term and I'm not recommending buying the shares, so no-one can accuse me of causing people to lose money.
There are other companies with huge resources which are surviving in spite of never having produced a drop of oil: JOG has recently doubled and PVR and LOGP have trebled from their recent all-time-lows.
HUR's failure to rally seems to be related to the fact that it is producing oil!
If it had not produced oil, it would have been impossible to create panic about the size of its water cuts, spread gloom about the 'failure' of its drilling programme, moan about the 'failure' of LC (which was merely an unexpected and unfavourable decision by the OGA), become hysterical (as the market did) when the 'interference' problem was announced, or predict the total disaster of both producing wells failing.
All of these strange ideas and reactions have been made possible by 50 weeks' (until the latest RNS) production.
Apparently, the market demanded that everything go perfectly in order for the share price not to fall.
The fact that there are sizeable shorts and that Pelham Capital have sold 29 million shares at such depressed prices reflects the depression surrounding HUR's share price.
As has been pointed out, the market is ascribing zero value to its considerable potential, with people saying that all that oil is worthless unless you can extract it.
Just a few weeks ago, people were saying that all oil was worthless - in fact, having a negative value.
Debenhams was a prime example a man on lse kept average down from 50p all the way down to 2p thinking it will go up a again. He posted a message on here saying he was thinking of taking his own life due to losing all his money. It’s a terrible situation to be in losing all your money on shares
I'm positive at these levels. The Holdings RNS explained the liquidity last week with the tremendous buying, not long before you get a holdings RNS advising who has been buying. Some large after hours buys along with x 4 1m buys today at 6.9p.
Brent is up again and we will once again have a crack at 7p tomorrow.
(Averaging down) my advise would be only average down with any share you truly believe will go up and what I mean by that is dont average down for the sake of it if you don’t really have faith
Wow. Not sure such an impressive jump will keep most LTH happy. The days of this share aiming to hit double digits. Quite depressing frankly!
Chillax and look back in a week and it will be back over 8p