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Gold yes HNR looked promising when they were drilling but then the wheels came off as the strategy changed overnight leaving me in the bizarre situation of holding a CBD stock much to the amusement of my work colleauges. My average there is better than yours as if losing on a stock will average down if I have too.
I'm here because I believe in the asset and I like the concept. That will under pin this I believe. The bond funding round, institutional investment and cale and rre attempted takeover as well as LOG administrators I hope means we have others who have validated the concept and the opportunity.
I'm comfortable enough to hold and build here I do think when this moves you won't get stock in volume unless one of the bigger beasts divests.
Yesterday was a good example I don't think there is much free float here as only strong or crazy holders stayed through the LOG shock. That and the heavy oil at skipper here have been real testers and both came from left field so no room for complacency.
Hopefully timing here is working in our favour as we can get licenses and cheap contracts having times the funding just right and first gas after covid debacle lifts.
Yes, I have had some good fortune recently, about time though. Many fails along the way.
I'm not sure what is happening at ZOE. Been in there since the HNR days when I was fooled by Robert Price and his smooth talking. Like you, I'm tempted to cash in there, but with an average around 20p I'll maybe wait and see what is in the wind. Never be afraid of selling at a loss if you can make better use of the cash, I sold out a large holding of CARD, at a big loss, to buy RRE when it dropped and was rewarded when the TO came.
There never seem to be many trades here for some reason. I think the LOG situation puts investors off. If they were to have a fire sale, it would hit hard, but otherwise, barring disasters, all seems in good order and on time.
Good policy, buying when you can and averaging down. Will pay off in a year or so. I should be in a position to grab some more later.
After last two RNS you have been lucky to get back in let alone at a gain! I think you've caused me to pay a tad more today as well - but as I'm still reducing my average I'm not fussed either at this level as its my third top up over last week or so. Seen you over at ZOE as well. - I hold there as a reluctant trapped investor but being tempted to cash some of that to try and hit my target here.
I have had a look at the O & G website thanks for the links very helpful and there are a few opportunities that could be tied back. But its been an interesting read of the relinquishment reports. Can't be far off an announcement. Was also looking at a report of how little drilling has happenned this year on UKCS. Should stand IOG in good place in this round.
Like others perplexed by the (lack of ) trades and current trading. But can't complain as I keep chipping away like the guy in Shawshank Redemption at my average.
LOL! Chocolate Cake indeed, !
Yes my 40k. I also had an order in for 80k at 12.2p which wasn't filled, well, it was a bit cheeky.
I sold 40k here a while ago at 12.9p and put the money into CEY, along with some other gains. I cashed out of CEY today and bought back here at 12.27. Same number of shares at lower price, bought with profits. Wish it always worked like that!
I'm holding a lot of cash at the moment awaiting good buying opportunities., but see IOG as one of the safer shares, so I don't worry about buying below 15p.
If that is your 40k top-up Gold, I am very pleased for you at a great price. But you will need to explain the "CEY top slice" and free shares. Is that some form of Chocolate Cake, and where can I apply for my share?...........Meanwhile, all I can see is a truly preposterous spread of 11p/13p on this share, which amounts to a cool 16% approx! Suspending reality seems to be in vogue at present.