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I can only go by my own experience of working in the MoD during elections periods, referred to as Purdah (pre-election period).
Purdah is the period in the United Kingdom between the announcement of an election and the formation of the new elected government. It affects civil servants, who must be politically impartial, preventing central and local government from making announcements about any new or controversial government initiatives that could be seen to be advantageous to any candidates or parties in the forthcoming election. Purdah does not apply to candidates for political office.
Sausage. This is not remotely political or controversial. I'd be amazed if the election has the slightest bearing on approval. As for Modi being personally involved in approval, that's hilarious. I should think it's more likely than not that he's never heard of the Cambay field.
Well if everyone is hanging on for GoI approval I hope we get reward. The last licence brought a massive spike for a day but then I guess there were less shares so will be interesting to see what happens this time. Unfortunately I’m sort of steering to Gordon’s exit price and it’s a shame I feel like that, but we can’t be blamed for having little confidence in a near-future bonanza!
GLA again and again!
I've never mentioned he's personally involved, but I do feel he will want to go to the people saying he has increased/ improved energy security for the nation. However little gas makes up the total energy supply, it's still an improvement and he will spin it.
I'm sure we've had this conversation before Sausage so I guess we'll leave it there. Gla.
Are you talking about the total energy supply for India overall or referring to SYN, Sausage ?
SYNs input into India's total domestic energy security. I know it is small, but it will be spun politically into a positive
BTW. Modi was at one time chief minister of Gujarat. So that does add some weight to your argument.
For me, if it isn't before the 19th April, it won't be until a few weeks after June 4th when the results of the election
Even the 19th April would be well beyond what could be considered " a matter of weeks ".
I did say BEFORE 19th April rather than ON the 19th. Tomorrow is before the 19th April, it could ANY DAY before the 19th.
Yes Sausage obviously. Personally, I think any more than another couple of weeks is pushing it.
Gordon, lets see where the share price is come the end of March
We are all hanging on here , no one is selling ,,except the MMs, I couldn't sell anyway , my average is 21.
On approval should see 15,16, approx a move on the right direction I suppose .
GLAH
PJ
Does anyone understand the small trades on this share? Do people really buy £25 worth?
Is everyone thinking of a good spike in SP with GoI approval?
Would be fantastic to see that 0.6-0.8p again …..
I'm hopeful the Sp will improve once we have approval. Perhaps 0.25p? The real increase will be once we have a decent income.
Yes definitely when the business is profitable but your chance of a cheap entry will be dust..
Very true DaProphet and yet as always not many buying when it's low. More cheap shares for us I guess.
Don’t understand why ppl not buying at low prices. I guess the whole stock market not doing that well so perhaps just a reflection of that….
Well 0.25p would still be very welcome and if it does then it depends if I can hold my nerve after all the previous return to s**t SPs.
Agree Steven, AIM in particular is not having a good time of it.
https://www.ftadviser.com/investments/2024/03/05/call-for-changes-to-london-stock-exchange-to-make-aim-market-appealing/
If you need your money back, do the maths, set a target and take it when the opportunity arises. It's fine to wait around for multi-baggers if you have money to invest that you won't miss. Otherwise it's important to be disciplined and take your target price.
HI
These are mostly ElTorro and 123 all the no fee sites that charge extra for the share when you buy and you get let than others when you sell.
Why aren't people buying at these levels?
Roland has frequently in the past set self imposed deadline. All those self imposed deadlines have been missed as far as I recall. Anyone know of a deadline he hit?