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It’s being shorted I think as well as forward sold, just gotta wait and do nothing
How low is it going to go?
Yeh Yuri1 I guess we all get touchy when SP drops but we just need to have focus ahead
Myself and a few others were here during lockdown when we saw it touch .065. None us sold, just held on or averaged down. Just as lockdown started to ease, the good news finally arrived and we peaked at .5 .
This is nothing compared to back then... lol.
Guys, try not to stare all day at every movement. I set alerts when bid price to certain level so can look what’s happening. Equally set alert for rns.. patience is needed chaps.. just some personal experience sharing - gla
If only I had some more money to invest!
If ppl read what the GOI have been doing with clean energy, climate change agreements and all the meetings that have taken place between Ministers and representatives from the EU, the US and private companies specializing in clean energy you'll see that it's business as usual and they have already made a public commitment to developing their own natural gas reserves. It's all in the public domain, Cambay will happen and news will drop very soon, when it does this will fly. This small drop in price is simply a huge buy opportunity.
I see this dropping to below .25 on NO NEWS now, they have given away about 20 % of the share capital, at 23.8 with full rights, immediately tradable and warrants attached, IE they are better shares than us.
I will more than likely load up if it gets around .25.
This will climb well beyond .50 on good news, maybe pushing beyond 1p, later this summer and Autumn, it will have a few peeks and troughs along the way though so if you time it right a very good return can be made.
Thinking about the Shares issue, in late May this deal will not be completed before then anyway. So I have about a month to see .25p. I suspect the JV will be announced after then.
I wonder if Oilex is going to get much more aggressive with the disputed the cash calls owed by GSPC in June, I know i would?
Tin hat on.....
further to my post on RMM, bit of light reading...
https://www.ramblermines.com/files/rumble-ii-investor-presentation-october-2020-for-rns.pdf
100% agree with Wetbandit... here are a couple of throw aways for those of you interested... similar BUY & HOLD ( long term ! ) ....ZPHR & RMM. Well into these two ( big smiles... no emoji's on this website ) )
You’re right and I manage to make the wrong decision every time so I’ll just leave it where it is, at about 0.45 but let’s hope that’s insignificant in a few months ...
Pe6169 absolutely spot on. If you are out when the big one comes you kick yourself. Seen it so many times. Patience is the only obstacle as things stand. And when you know the RNS' that are in the pipeline, then this becomes a great adding zone. When it does go to 1+ then 2, 3 etc, then you have conquered patience and then you have a different question to answer! In my experience with investing, when you feel you are onto something good with clear progression outline in the not too distant future, things tend to go better when you are patient. We are talking weeks / months with this now - not years! GLA.
I understand but being a long term ODX holder I know the RNS will probably be a while.
I only had 500,000 shares but had tripled my money. Decide to wait on the sidelines. GLA
Too risky, they drop RNS’s at any time of the day and who knows when the next one will drop. If you’re out and JV one lands you’re finished.
I’m wondering whether to do the same!
Personally I’ve sold up for now. Can’t see this rising in the coming weeks. Hoping to enter again at a lower price. Gla