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You where guessing it was going to close the week mid 50s, now 68p, well at least we don't owe you a drink.
Are you all short :-) looks very very bullish
63p looks very good next target 71p
After a 30p drop in 4 trading days
I have to work net asset value is £1.60 per share
Nearly since Thursday evening that is absolute madness
Roughly the same as cash in the bank not taking into account the huge portfolio of projects - wow
Good luck mate - beating 72p or going significantly lower looks to be the signal for a buy imo but wtf knows :) The "12s" just dawned on me: 71/59/47/35, blimey ...
I think I'll wait for this to go lower 55p
I know mate, other than Graysland who shorted POG from £4 IIRC, there were few that made any money out of that - I still remember a nice lady, Mary I think, who'd put a chunk in at £8 and rode it all the way down to nothing, really sad :/ Ultimately, I'm a relatively short-term trader but if you're a longer term investing-type guy/gal then it's the "cycle" you've gotta get right rather than a specific price entry point - there's little doubt in my mind that Dollar-sensitive resource stocks are the way to go at this point in time and even though I think this could still halve from here, there'll likely be profit somewhere down the road for anyone buying in from here on out ...
looking oversold now, there should be a bounce to 85p like btfath1 have said and then a drop, well anyone can see the pattern on the chart from last september that the sp is going up and down up and down but sp is down trending and going lower every time
how you know someone is mopping up the shares? and do you have L2?
POG had alot of debt with bond payments due. they had something like a 10 for 1 RI at 5p per share. had they done that a year earlier the RI could have been done at probably 1 for 1 at 50p per share. PIs (me included) got shafted. most didn't have the funds for the RI.
Not intending to be obtuse, Obviously charts are a useful tool, but somewhere fundamentals have to come into the picture if the market cap is lower than the cash value of the company, which was not the situation with Pog.
I'm comparing the awesomely sustained drop, not the fundy guff, unless you're both being purposely obtuse :) I don't see my suggestion of another 50% drop that outrageous given it's at 30% of where it was a year ago when most "professional analysts" where calling it a hold and is currently 10% off the top of the chart ;) I'm guessing it'll close the week at mid 50s which is where a guy said he had support ( I see it now ......) but y'all better hope next week is blue otherwise you both owe me a quid ;)
$615,000,000 in cash been one of those days :-)
Had to chuckle Pog this company have $6,015,000 dollars in cash seriously bonker :-)
It's a bit unfair to make comparisons with Pog & Pmo, both are/where in extremely different financial situations, Ophr is in a strong position, with the best will in the world you can't work the bottom from a chart when sentiment is the driver.
PS: If I've got me time lines right, it'll be in a fortnight or so :)
Right, I've cleared me chart and started again ... Buy order set for 36p and I won't be swayed by anything else - if I miss the reversal then I miss it, hard cheese :) You're right about the long term chart Prof - the last drop I saw like this was POG which was up at £8 and ended up at 6p ffs so I'm most certainly in no hurry to weigh in here ...
Thanks for the clarification ProfBanker. It was wishful thinking on my part. Will average down once this has reached the bottom. Hopefully the buyers will come back soon as way undervalued. Also, wary that once negative sentiment takes hold then the bottom could be a long way away as was the case with PMO.
It's not really a surprise Schlumberger pulled out, they're in a world of pain at the moment, their profits have taken a massive hit with the sustained low in the oil price. Have full confidence in Ophir finding another partner, plenty of other potential suiters out there, just a matter of time and may get better terms also. This is a clear hold and add. GLA
Is mopping up the shares could it be a potential stake builder for a bid
I think you misread the RNS, Prudential sold around 800k shares. I was thinking of buying sub 70, but looking at the 5 yrs chart made me think again. I think I will wait until it reaches the bottom and buy on the way up. I will miss the bottom but that is the safest option now. The bottom could be anywhere, mid 60s (now), 50s, 47, 35 (Bonkers) or anywhere.. no one knows.. but once the reversal starts the upward potential is massive, so to miss the bottom is OK in this case.. Patience is the key here for new buyers, while current holders just sit tight and average down once the reversal has been established.
Anyone else see the RNS issued today at 1800hrs. Looks like II's still confident of upside or have I read it wrong.