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Personally I wont consider buying back in for more than 2.5p. Happy to miss the boat, but spent too much time stuck in this share and the floor appears to be around 2.5p.
GLA
Hoping for another dip into 2s to load up the wagon.
Today presented a buying opportunity. Look out for takeover chatter, as that is highly likely!
I'll stay in. Don't want to sell now and buy back at 10p you see.
I'm reading this as Crystal Amber or other significant shareholders don't think the side track is a good idea and so want this pushed back to next year to see what happens to POO and the water cut in the existing well, plus gain more data.
If production remains stable, CPR updated and POO keep going up, we'll strong cash reserves by the end of the year, and look forward to a nice work program in 2022.
Its still the same situation, if business if viable share is worth 10p + easily, but the risks are clear..
No production update, I'd off expected Feb figs.
I am going to remian on the sidelines, the sp could still drop into the 2's... Maverick I'd need to sell some Amigo to reinvest here..... So you probably get my reluctance.
Ah planted you are still here. It's ok folks, it's only a bad RNS when Planted goes on sabbatical for a couple of weeks .
Oil is NOT lost.
I think we have just seen a shake and the SP will climb, as nothing has changed from yesterday. We are essentially deferring any works until 2022, although the one thing that could change is a takeover this year. Cash building with brent at these levels, so up we should go again.
Added as well. Suspect we will finish between 3.3p to 3.5p range today. GLA.
I have added another 300k this morning!
Seems fine to me. Keep production as it and profit from an appreciating Brent price in 2021 and then revisit this later.
I personally think this is worded in a way that would encourage a bid from another party........Chrysoar!