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I'm giving this until the end of the year, if not happy will move on, no point keeping on like this, not even a dividend, I won't post much in the meantime, good luck all.
Decided to hang on in.a decision will b made b4 year end on fortuna.indications r that the desision may b t go it alone which i feel may not go down well with markets.cash pile is going down a lot 207 million$ at last report.
Bit of a surprise you bailed but you have to do what feels right for you, good luck M8.
GL to everyone else on here. I'm out.
Looks like could well fall further.markets pulling back oil on the slide and uncertainty on fortuna all no looks like may go it alone
Below 68 and we may have a problem. That might be might lot.
Helium, be patient! the Price of oil is not helping anything atm. wait till at least the OPEC meeting or run up to it. PLus US elections next week expect a lot of volatility in the meantime. could see the dollar lower which could support Poo
What is it going to take to get this dog of a share moving....seems the market just does not like Ophir. Can't help but thinking they could've / should've acquired something better than Salamander, and most likely at a better price!! Maybe another hit or two in Tanzania will get us moving ...
Oil prices falling not helping
I agree with you guys,seems this likely to drag on around these levels for sometime.It seems ironic though that sound energy is more than us [currently approx 80p] when they are still at a very early stage and need to finance etc.We are far more advanced with cash reserves/oil production etc.It shows shares are often driven up by sentiment/hype/future prospects rather than fundamentals. Ophir seems to be considered somehow boring.I think we need the BOD to get out there and promote/sell more rather than just sit on a dwindling cash pile.They may surprise us one day!! GLA
No feeling most of them get it wrong anyway.dont trust any of them.in 4 there own gains.but 4 me holding at moment.bid 4 company im sure has now evaporatesgagree with u also money pile coming down all the time and believe they will remain in red 4 next 2 years.
Like you, I try to be optimistic, on hindsight I should have sold when Smdr was being taken over, but I procrastinated and missed the opportunity because I would have taken a hit at the time, This has gone on to lose another 60% since then and I have added more at these lower levels averaging down, just another carp investment for me, I think everyone has had enough now.
i really do ignore 90% of the upgrades/downgrades... its like a giant circle which they all go continually around. interesting they have all posted negative (relative to previous outlooks) on this news. Yes it provides certainly on one hand, but in my view failure to deliver on another. I haven't sold yet because its not official but i am sorely tempted. Cash will be bleed at a rapid rate if they dont come up with one. seriously. the market will respond accordingly. I am not a negative poster as a general rule of thumb (if you feel that way you shouldn't be in the stock generally) but this has got my goat.
looking at the SP today i never thought there was any news out until i read comments here and googled for info. not sure what time this was released but SP was quite flat this morning but picked up a little in the afternoon. good rise today vs. peers. not sure it will continue tomorrow, looking at the decline in the oil price after 4:30pm. Some oil data out later (API numbers). http://www.reuters.com/article/us-ophir-equatorial-idUSKBN12W3IV
Agree totally.just need t get this project moving 4ward.patience i feel will b rewarded soon
the good thing is its taken speculation away, and provided some certainty on the venture. Which is better than Uncertainty. Hopefully we can see the sp start to rise now. Doing better than most of its peers today. Downbutnotout - looks like i was wrong about PMO - still no news but will hold tight till the sp is Reevaluated. although i will reduce some to derisk.
my thoughts exactly. this sounds like they are softening up the market. no point waiting for an RNS telling us the same. They stated in Apr that there were several interested partners lined up following the last debacle.
My feeling is there having problems finding a partner and have been pushed into going it alone.markets seem to like the remarks as share price pushing up.again iv been in this 4 some time and am losing patience.news soon im sure on what will happen
agree. I am really not interested in the first gas production figures.. punting on NG prices in the future with a bumpy global economic ride in the interim. In todays world we should be looking to mitigate risk (which in the long run may be slightly detrimental to SHs) by joining up with a partner. if productions etc prices are down, grind out a more favourable deal now then. I've been here for way too long to be waiting another 5 years +. fund a partner on fav terms and speed up exploration which is freed up by on boarding partner. pay back long term shareholders. My finger is hovering over the sell button.
I agree, but at least it is a show of confidence.Maybe if they can get it all up and running now costs are down, they can sell it in the future when gas prices are up.That maybe their strategy,the only problem is it all takes so long.A partner would seem a better bet short/'mid term .It seems nothing definite decided either way, which means this uncertainty likely to drag on.Even just £1 seems a long way off at the moment.GLA
not sure what to make of this. I don't think that the market will like an RNS stating that Ophir intends to go alone with this project. It will be perceived to be a much higher risk venture.
Thanks Kaimirza. Think this may go a little lower yet, as I think POO will continue to decline until OPEC members start making some more aggressive statements - if they can. So I'm holding fire.
Appears so predictable share price.would now expect it t bounce back up soon.may go tad lower.until news on fortuna will continue like this.markets not really interested in pricing cash in as this is coming down all the time.will b in red 4 at least year an half.
Down 6 days in a row, soon be back on its liw again at this rate.
Was talking about him selling his pmo. Because of the fact that an rns is expected soon. Or when clarity on covenants is provided sp of pmo should rerate. Ophir looks fairly low to me atm so happy to hold opec meeting could help these fly after November.