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Don't need to say anything else
Looking at the sells today I think there is a realisation (at last!) that sign off won't happen until July/August at earliest. Buy back in in a couple of months when the SP will be lower.....
Some here desperate to drag the price down to get in after they missed out a few weeks back, coupled with the stale longtermers, everything posted is negative.
Today's RNS states there is nothing the Company knows of to stand in the way of Ministerial Sign off for the JV, so it could happen tomorrow, it could happen next week or it could happen next year.
Everyone talking their own book here and far too many traders/stale holders for my liking but they have as much idea as anyone else and they can be just as wrong as anyone else...
Trout. Agreed, it could happen soon or still be weeks or months ago. As for long termers being stale, whatever that means, I think it's perfectly legitimate to complain about the company's inability to have a clue about how long anything going to take. That's been true for the whole 3 years of the new management regime.
As I and others have said, if Roland had stuck to his original 3 to 6 months for approval we would only now be starting to think it might be soon ir another few months. Personally I have always thought it next to impossible to trade this share with the often large spread and unpredictable movements. Gla.
Maybe would have been best without that rns. Suppose they had to quieten all the goons emailing them, like they can force the hand of an Indian official.
Well I've just got myself 8m shares here, all the whiners (I see Zag is here crying as usual, that's all he does lol)
Approval could come tomorrow, nobody knows, so everyone needs to pipe down, however buying at 0.12 seems nice and cheap to me so cheers and bring it on whenever it happens, keep crying Zag lol
Gordon,
I have learnt that you shouldn't be invested in Companies where you think you can do better than the CEO...
If you can, you shouldn't be invested in that Company and should be backing yourself and if you can't (but think you can) then perhaps you shouldn't be investing at all...
Trout. When have I said I think I can do better than the CEO? Roland is the guy who is paid the big bucks to run the company not me.As far as I am concerned his primary function is to deliver shareholder value, something that is very much lacking over the 3 years he has been here. Are you saying that once you are invested you are not allowed to express disappointment or frustration in it's performance ? I originally invested in this company more than nine years ago, got out against all expectations 3 years ago at 0.4 for a modest profit. Reinvested a few months later in the mid 0.2's as it seemed the drop was overdone.
Now have 20 million at an average of 0.135. Still hopeful of getting out again with some sort of profit but have lowered my expectations and will probably settle for 0.2 ish. Good luck to you and all other investors.
AimHigherStill
Have your 8m shares appeared on the trades data?
Yes thanks trout.
6m bought last week and just over 2 today.
Better to be in before they announce it than sat on the side trying to guess and give BS SP estimates.
Wind it in.
Oh so sorry, I can't think why I thought you had bought them all yesterday and at 12p???
I'll sell at 12p.
Aimhigh, no you wont, you'll be here until the cows come , stop your feeble rant s about selling and wait patiently for the RNS like the rest of us.
Pjm, what on earth are you rambling on about?
Check back through the comments, your post makes no sense at all.
-5% each day will do for me, should hit my 0.08p buy this month
It's unlikely to drop 5% a day lol. Approval and cash could arrive any time and there's plenty of interest to snap shares up before it hits 0.08p IMO. Everyone knows this will rise to around 0.2p if not more on approval. That's nearly double from here.
This is a different beast now it has a JV with a successful Indian company... Approval should be smoother with more urgency.
Maybe, they might actually hit some time schedules once there is a new lead operator. Gla.
Definitely hoping that when Selan get involved in the heavy lifting, that delivering to timescales will be taken out or Roland's hands. They will be spending $20 million so I doubt whether they will wish to operate in Rolands time zone.
You said on 8th May 08.57 you would sell at 12p , we are nearly there, you must be excited at the prospect .
Couldn't be happier for you !
๐ฅ13,
your not alone in this waiting game of GOI approval however in opposite directions. Synergia energy, Blackbuck Energy Investments, Antelopus Energy (former Cairn Energy COO Suniti Bhat), Oak Tree Capital & ICE Canyon Capital, Dolly Khanna and Pranav Parekh as well are in this game.
it is a game of transferring from impatient to patient.
if you use this formula ๐
patience = time / expectations : where time = how long to 0.08 & expectations = dilution before goi. tell us your score
Donโt forget the other longer term partners wintershall/harbour.
Did actually forget about them thanks reminding ๐, please do add any other I missed ๐ฎ
Better day than yesterday ! Looking to add a few here more here tomorrow - I think news is closer than people think, plus we may get suprise and have work programme at same time ๐ค ๐ค๐ค
Lots of sells in the past 15 minutes taking the SP down closer to 0.1p. Surprised the SP is holding up so well given GOI JV approval is potentially weeks away.....