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This board is utter nonsense - price goes up, every post is about how well it's going to do based on (usually) hope, the price goes down and it shifts completely the other way with a totally different set of posters saying that is defintely going down, even sometimes that it almost certainly going bust. Rinse repeat ad infinitum. When are people going to realise that neither are right, and the truth lies somewhere in the middle, and therefore spouting these extreme views either way is waste of everyone's time. Rant pover.
Agree with most of that - I am in for 7 years, and one of those who is looking at selling out today to bank a decent enough profit, not life changing as it would have been last week, after years of stress and see where this goes and buy back at sub 1p for a dabble if it looks like they are going underground again. Its getting too warm to carry on now, so we will almost inevitably see a drift down, a placing, and another go 10 months time.
Enjoy your stress free, and considerably richer, life. I set a 4p sell limit (in my head) for my "free running" portion. That would get me a similar % payback on a £26k accumulated holding, now sliced back to 800k shares in hand. Missed it (digging a pond) now seeing what the weekend brings, may as well now. Came in around 6 years ago, bought on the ups and downs to an average 0.97p, slicing on the way up the last 2 weeks, and hoping next week won't be a repeat of years gone by. Everything crossed for all holders, old and new. See you around Bear.
It is a risky one, that's not in doubt. I am simply trying to see that people who don't have the means to lock cash away for a few years in a worst case scenario, fall into the trap. I am now derisked, but after many years of being in such a trap.
Thanks for the responses, at least its being seen! There are a lot of shoulder chips here and I don't really know why, the risk is real, we arenall in it together, and I just want to be sure that some of the newer investors don't get caught up in the hype just in case. A 93% drop in 34 months is pretty quick in my book given the time ive been in this share, so I guess it's a matter of perspective. My feeling is that hitting oil will of course be met with great joy and significant upside, but a duster will see a much faster dive than we have seen before, given it will be piled on years of misery and tens of millions spent. All of course IMHO.
From experience, and as a locked in LTH (and again sitting on a tidy paper profit), I would just like to sound a word of caution. While I very very much hope this works out for us all, I have been here when we got to 4p on speculation, only for the drill to come to nothing and to quickly drop of 0.25p. There are no guarantees, and I don't want people to get caught up and locked in for the next 5+ years thinking they will be rich come summer. We may be rich, but we may be sitting on a pile of shares worth a quarter penny waiting for the next drill while the comoany rebuilds again. So as always DYOR and only invest what you can ACTUALLY afford to lose, or at least lose on paper for the next few years, if it comes to that. But here's to hoping ????
I sold old holding last week to take out original stake, at one point I could have sold for 2 x = extra £13k in the pocket. Ah well. I once traded ASOS at about 50p, made a little, if I had a time machine I'd be rich and own a boatload of Bitcoin!!
All the advice is good, this very volatile so you could be in a paper loss position before you know it. Sell your original stage value, and you don't have the stress of seeing it diminish (if it does). I sold about 40% of my holding last week (could have sold for double and netted an extra 13k, but hindsight is a wonderful thing) and the rest I have a target of 4p which is where I once was.