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Apart from the 20k 57p I think a lot of those are buys. I was quoted 57.45 to buy around 15:30 but a smaller quantity (never took it).
Let's see what the morrow brings....
Some large trades printed late. If that was somebody in the know selling out then I guess we will find out at 7am tomorrow.
It's certainly a bigger slump than normal this close to drill results.
Ginny and Hermine had a low geological COS due to the fault seal. Although a potential to be developed quicker if successful.
Could really do with news on Egyptian vulture development otherwise this is fairly stagnant
Something unusual though. Most days I can’t sell more than 1000 without going to nt. Today I can sell 30000. Not there yet but as ****ed off as everyone else I assure you
Pitiful number of shares traded today and all sells! Tells you all you need to know. Not good when a share just makes you moan all the time so i am going to stop and either simply hold or bail while i at least have half my stake money left
I agree flabby what a rancid share and company. As someone else has said i certainly didn't invest for exploration, i thought those days with the likes of Faroe Petroleum and Desire Petroleum were behind me. Mislead and no sign of current management getting the company back on track.
What if a duster in the current drill 54p would be my guess.
Certainly not throwing a penny more at this until it attains its original intention.
I wish i could remember where i saw this recommended/plugged as they need to be reminded i think
it takes a brave man (but a good investor) to sell at a loss. My default is always to hold on thinking the price may improve. It rarely does. We could see 50p soon or 50% drop on the IPO value which would be dire and then even more if the drill is a duster. Probably holding for the next news, hope for an uplift then get out as i really don't think this share is going anywhere. Lick my wounds and move on. The frustrating thing is i bought in for a producing asset not some wild cat exploration play so its not as if i agreed to this risk profile!!
Yip - time for the management to start generating revenue to justify their very large salaries. Only once Longboat makes money will the share price rise.
As we've seen with Egyptian Vulture the market is indifferent to oil in the ground and hypothetical value. They could find Flight 370 and it would make no difference. These exploration plays are meaningless until they start generating cash via tangible assets. We’ve seen the share price of other new companies in the sector double in the last year while LBE are plodding along at a 40% loss since IPO. In the past I've heard a lot of people talking about "a great management team" but there has been absolutely zero evidence of that so far.
Yes they must be kicking themselves now. As we probably are for investing! They should be close to the end of drilling now barring any major delays.
Well, let's see what happens re. current drilling. This being said, i'm not feeling wildly optimistic at the moment!
Words cannot describe how much they dropped the ball in not acquiring producing assets.
Just in case no one was aware.
Now in the 50s what a parcel
Thanks for that. Very informative.??
i know all the markets are down but i just wanted to say what a crap share this is