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Still ppl selling today. it is incredible. we are at the most 11 calendar days away from transformational news and ppl still selling???? is bad news expected instead of a signed deal? Zak predicted 30p by the end of the month..... GLA
Not sure if link is going to work but labour is not turning off the taps and not revoking licenses and acknowledge that oil and gas will be part of the transition for decades to come. Just need this loan to be finalised by the 13th of June. absolute bargain at these levels. Hopefully there is another farmout deal that gets completed funded to 1st production roll onto the next deal. Thank you very much!
I agree , all the ground work down , make a massive profit :)
Andoman99
I see a take over before then! That's my opinion.
We shall see.
GLA
There won't be another placing, total over reaction by the markets ..Aim is a wonderful place!
I wonder what price the next placing will be?
Hi @ando
been here a long time - I'm an exOil & Gas guy so I really appreciate what ORCA have been sitting on here and how they've gone about de-risking the projects.
HEY PFG
good to see you on here as well, did you take my advice or you been here for ages?
this will fly in time. i have a decent chunk of this as well.
How can they sell at this price , I struggle to understand this . I get this is not a short share to have on your portfolio so why tie up your funds ! But to sell at a loss knowing that this in time is going to rocket ?
I'd settle for that Paul. Depending on price anyways. Dissapointed in current sp when you consider all the positive news that's been released over last few months. Labour looking like a certainty to win election so the no new licence awards could shape things going forward.
Seems to be lots of headlines on M&A for oil majors: Hess&Chevron, Conoco&Marathon. Looks like companies are trying to shore up assets - wondering if there will eventually be a trickledown to juniors with assets....
Happy to remain/increase longs at these levels.
Exactly tricky, they've already pledged to honour existing licences. With the effect stopping O&G would have on not only the impact on jobs in Scotland (where Starmer has been up visiting) but also on the future tax revenues to help support the gov spend. I agree that if anything that should make those companies holding licences even more valuable.
Labour won't revoke the licences. They won't issue new ones which will make ORCA more valuable.
Not all are sells i think.... one is mine and it is a BUY.
The selling continues.....
Are people just getting jittery about a Labour government and their attitude to the North Sea, or something ORCA specific?
Realistically I would have waited a year or so to buy . But with this being so cheap day traders are making a quick buck , even on small movements ! This will at some point literally rocket over night ! The value of Orc is currently limitless :))
The market is really not appreciating this opportunity right now.
Okay, it gives us more time to gather funds and load up at these ridiculous levels.
The company is seriously undervalued even at 30p (considering the assets which has now). Orca may receive not just 1.4 MIL USD but a take over offer.... lets see.
Is 30p on the cards over the next month or so?
Not out of the question.
GLA
I have been monitoring the price and the sell offer never gone higher than 11.61p ..... except for DMA of course. There might be some delayed trades to appear later on.
Your too negative!!
Steve Brown is no fool....