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Hopefully this will be back to 3p soon. Also its cheap for company to buy back now rather than pay dividends later . They said they looking at SP every day just wondering still looking only or buying . If this drops few more percentage someone can buy the company and use the cash in hand to cover the expense .
I remember I think back in April BOIL had a very long seller come to an end and the sp nearly three bagged in a short time, when our mysterious seller (EBRD ?) eventually stops for good I'm expecting at least 3p as the first target, that will then bring back the sentiment which again feeds the sp.
Is this the EBRD bottom?
Just keeping an eye on the higher gas price and those higher SENX income streams.
This unfavoured O & G market just does not add up.
Income, income, income.....
C.
20M shares and there's me thinking I had a largish holding at 1/10 that, if this comes good you could definitely retire on your profits.
Its debt free and commodity prices at historic highs. Just don't look at it on a daily basis and come back in 6 months, easier said than done though, especially if got liquidity concerns.
Messaged the company regarding implementing a $1-2m buy back and got standard response saying we have the option to purchase up to 10% of company equity and review this regularly. Not that would expect anything more than that to be said.
But hopefully someone gets on the bid. I am finished buying here now (20m over last 4 months) and the seller is still there in reasonable size going by the execution, so it might get a bit worse before gets better sp wise.
Remember, Auld's MO is to build the company up and then sell it which is exactly what he did with his previous company, just need patience.
Mcap now a lowly £16m and can be too easily manipulated.
EBRD shares are now the issue. Are too many floating around?
Just give it time to correct itself and watch the MMs games.
Possible scaremonger tactics next from newbie posters?
They will not give money away that easily.
Lack of comment and info from JA and the new COO may not be helping the situation.
Get those Tunisian pumps working and no more Covid delay excuses.
Just keep an eye on the higher gas price and growing SENX cash balances.
The fundamentals have not changed.
The current brutal O & G market seems to be only interested in getting a fast ROI.
(Why invest at the moment when you cannot see any future SENX dividend forthcoming?)
IMO, its waiting for some leadership action from JA.
Remember the past JA comment 'everything is for sale' .
Being patient and getting ready for the eventual sp upswing....
C.
Im with antha. Seems churlish to sell at the bottom, the markets designed to relieve you of your cash. Sentiment swings back and forth. It will return imo, its whether you can hold on without letting emotion cloud your judgements and make you anxious.
I have a small position here and will wait. Fortunately had a good year else where so it’s not a worry to me.
That's why Aim is called the Wild West and has really always been like this, however it's a good job for us that SENX is on the Main market which is far better regulated although it might not seem it.
The whole market in general has dived since the summer with O&G companies falling the most as they're currently out of favour (not being green) BUT at some point it will reverse and we will then reap the benefits if you have the patience to sit it out, you might even say the drop is actually a good opportunity to lower your average.
The fundamentals for the company haven't changed, only the timelines and lack of comms have, 2022 will be a better year I have no doubt about that. The worst thing one can do is sell at the bottom as that is exactly what the MM's want.
Biker- its been a steep learning curve for me. Been investing since March 2020 and was doing ok for the first year. But the markets have definately been brutal over the last three/six months and now seems like very high risk with little reward- especially on AIM. Thats been my experience. I wrote to AIM regulators but got a bog standard answer. Maybe more investors should question what is happening here. Whatever you decide all the very best for the future.