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Have to agree Shutts. It is utterly bizarre and your point on risk : reward pre RNS was right in that a positive RNS has had minimal
Impact on the SP. I remain a holder as after all the hoops now jumped through this is a nailed on, relatively limited risk punt.
This is why I had to sell out of this - apart from it being THE most frustrating stock I've ever held, nothing makes sense.
Who'd have thought that prior to first oil it would have been 65p plus, and after, with oil flowing - less than 50% of that.
Good news hardly makes a dent upwards, anything less than good news smacks it downwards.
I've never been a supporter of the conspiracy theories of MM manipulation, etc, but it really does make you wonder.
Comments like: "Well we could do rid of all the shorters and their BB de-ramper chums for starters. My guess is they will look to close out very soon. All time lows here already!" really smack of desperation and show other investors also can't fathom what's going on - I mean really - look at the no of shares in issue - you think a few BB posters and shorters hold the reigns here?
There's something not quite plumb and I don't know what it is, but having money tied up in something like this is anxiety inducing and incomprehensible, since no one really knows what's going on or why the SP behaves like it does.
But I think we can all agree that it isn't normal.
Too many distractions. market sentiment and negative oil vibes here for any rise in the short term.
31.39
WTF
When they have offloads every 3 weeks you will know they are producing 20k
well they are going to continue to be producing 13k bod every day so the case just gets stronger day by day. in my opinion it will rerate at some stage next quarter - it is just a question of waiting it out.
especially as they will be increasing the production to 17-20k at some stage next quarter. and we will have CMD.
With little in the near future except a new shuttle tanker on or around 22nd Dec, I am resigned that the low 30s is the new norm. Bit of a shocker! Happy Christmas everyone!
What will it take?
Well we could do rid of all the shorters and their BB de-ramper chums for starters. My guess is they will look to close out very soon. All time lows here already!
Down 5% on what news today? A positive RNS last week and yet again it hasn't impacted the SP. What will it take to actually push the SP up!