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You are right but very few will ever have the patience to see it to fruition.
Luckily, I also do.
Falky
If you are only buying and not selling then when this does go up and it will your balance is going to look good GLA
probably! LOL!
on bad days the MM's (market makers) put the prices right down (even if there have not been that many sells!). Then when the general market bounce happens no matter what the trades the prices go back up.
So, at least IMHO don't worry about the bid being silly low. It's the MM's and will miraculously improve when the market recovers.
All IMHO.
Another rubbish call falky, down again on your few more...............
Fakey - you are not getting 50p here, deluded and dangerous fool.
27.4k incoming have a great weekend all
I still have some ingestables from CBX lol
Have a feeling it may drop today
Fakey I of course apologise, P10 Johnson.
Indeed you are also a 'Johnson'. Look at the prospects chap and do some basic maths!
I've punted on a LOT of wells and have a feeling about this one.
As for the rest of the prospects, mostly fairly miserable gcos's. The Johnson P3 might be useful though.
Falky is a colourful character...
.
unless he added a few zeros accidently!
So what is driving this?
All IMHO.
I think you need a new broker! The only time you normally can't get an electronic quote is when the share is in auction. So 8am, and is it 10:50 am?? etc...
I see the sp is up 39%........
All IMHO.
Lots of chunky delayed trades today
Some good buys today and still an absolute bargain IMHO
Not so sure why SP hasn't jumped yet
So it doesn't go up with 2k buys but a couple of sells equalling 2k drop the sp by 6% wtaf
Fudged by £5 sells
Such an anti climax just as you think its going to get there it falls back.
Seams it's mostly PI playing the game do I sell and call it a day with peanuts for profit or hold in hope, I mean I've waited 3 years already
A SP can do many things, particularly in the short term, but it doesn't alter the fundamental situation. This and BOR reacted to the much anticipated announcement by RKH last week that Navitas has taken over HBR's tranche of Sea Lion. In reality the update was actually pretty lackluster, more a case of keeping the lights from going out and it remains very uncertain as to whether the Sea Lion development will actually go ahead. Easy to interpret moves in ARG and BOR as confirmation of greatness, but most of the move is just the diabolical spread on tiny volume.
While it's sensible to look at all UK related oil investments in light of the Russia situation, should the global geopolitical situation deteriorate further, then the UK's tenuous grip on the Falklands looks like it could once again come under threat. At this juncture, I think there are far safer places to invest hundred of millions in oil developments than out on a limb in the South Atlantic.
Could this and BOR do OK? Sure, anything is possible, but there are a huge number of ifs to sort out between now and then. If you want a small long term punt or want to play the volatility, which is not my thing, then go ahead, but at present I have success here as a very low probability outcome. You may get lucky or you may lock your money up for a long time and get nowhere and miss out on investments elsewhere. That's the choice. We look at the situation and make our judgements as best we can. Best of luck.
A SP can do many things, particularly in the short term, but it doesn't alter the fundamental situation. This and BOR reacted to the much anticipated announcement by RKH last week that Navitas has taken over HBR's tranche of Sea Lion. In reality the update was actually pretty lackluster, more a case of keeping the lights from going out and it remains very uncertain as to whether the Sea Lion development will actually go ahead. Easy to interpret moves in ARG and BOR as confirmation of greatness, but most of the move is just the diabolical spread on tiny volume.
While it's sensible to look at all UK related oil investments in light of the Russia situation, should the global geopolitical situation deteriorate further, then the UK's tenuous grip on the Falklands looks like it could once again come under threat. At this juncture, I think there are far safer places to invest hundred of millions in oil developments than out on a limb in the South Atlantic.
Could this and BOR do OK? Sure, anything is possible, but there are a huge number of ifs to sort out between now and then. If you want a small long term punt or want to play the volatility, which is not my thing, then go ahead, but at present I have success here as a very low probability outcome. You may get lucky or you may lock your money up for a long time and get nowhere and miss out on investments elsewhere. That's the choice. We look at the situation and make our judgements as best we can. Best of luck.
Taking the last balance sheet and adjusting for changes since then I get $746K (current assets) minus $43K (current liabilities) minus ($205K / 6 x 10) (ten months admin) gives a net current asset position of $339K or £260K without accounting for any other expenses since last accounts. ARG clearly needs to raise funds to keep the lights on for another year.
RKH has 35% of a major oil discovery. ARG has 100% of some 3D and a piece of paper. HUGE difference.
Sorry, but 30p is over £70M market cap for ARG yet RKH is only £40M. As things currently stand, why on earth would anyone pay 1.75 times RKH's market cap for ARG when RKH has a huge share of the Sea Lion oil discovery and ARG basically has a piece of paper and some 3D? It's complete nonsense. Need to come back down to earth.
Given RKH can only manage £40M with a big chunk of Sea Lion and a farm in partner, nearly £10M for ARG looks too rich.
Given RKH can only manage £40M with a big chunk of Sea Lion and a farm in partner, nearly £10M for ARG looks too rich.