Lenz, I agree it’s difficult to see how, but if the price is high enough then people will sell. That as you say doesn’t mean we would get best value. I personally can’t see them buying the 5% without taking the rest, or at least Hav on its own. There is also the train of thought that it could become too expensive for them in the long run.
DGR, I had a stupidly large percentage of my portfolio in here, but purely by chance had to sell 25% @ 36p as needed some cash. Subsequently I didn’t need all the cash so bought some back at 19p and at the time I thought it wouldn’t go any lower. Since I have had my original investment and more makes me feel much more relaxed. The worrying thing is that had I not needed to sell at the time I would still be in balls deep. Lol Never a good thing in Aim. Shares with this much potential don’t come along too often so I’m happy to bend the rules.
Must admit I’ve been guilty of that on more than one occasion and not always for the best. That’s why everyone should have some idea of a price or at least take some off the table. As can be seen on here, you never know what’s round the corner in life. That said I agree with what Mcilroy said in that it’s a fluid journey. Will we be bought out, sell Hav or pay a dividend or even hit a second Hav. I’ve already done very well on this share and don’t want to be too greedy.
Notrader, you make a good point. We all have an exit price and if the resource carries on growing it leaves plenty of meat on the bone for the next investor. So unless you are here till the end then the size is less important as long as it passes your price.
We can all agree that the official figures are the only ones that count, however with all these results it can be difficult for the humble Pi or newbie to understand what they really mean. So much more involved than looking at a balance sheet as you would with any other investment and with all the exceptional grades we’re finding it does make you question why the share price is so low.
Hi all, more great results! Does anyone care to guess what the resource estimate will be in the upcoming PFS. SD said in his proactive interview that the cut off was the 2nd of March and as the initial MRE was produced with drill results up to 26th October last year leaves around 4 months of drill results (less down time) to add. Apologies, as I know I’m being simplistic but can it be worked out from available info?
RE: Neptune in possible merger with Harbour07 Sep 2021 17:00
I find it difficult to get excited about this If as Soder indicates that Neptune has 2bn debt. As a Pmo shareholder who was robbed of 95% of its value that was due to its debt. We’ve all seen what happens when oil tanks. What happened to all those lofty predictions post merger?
RE: Soder - are you all in here - feels like it to me.06 Sep 2021 18:10
Hope your right Soder as we seem to be following the same pattern as old Pmo. It’s hard to see anything positive even though poo has risen back into the 70’s, just look at BP’s share price. Oil seems to be falling out of favour with the so called ethical investing. How long before bojo turns his sights on punitive taxes to appease the eco mob.
Bamps, you need to rise above it. I’m always suspicious of newbies that pop up saying they have been watching for ages. Which begs the question if they have got so much to say in a short space of time then why have they waited so long to post.
Reading back through today’s posts, CRex isn’t wrong in what he is saying, as the share price seems to be currently based on the reported MRE. However I don’t understand why he is trying to undermine you if not to cause trouble.
you are collating results since MRE and therefore forward thinking/projections. Which to me is why we are all here and has the potential to be massive.
Agreed notrader. Charts have their uses and should be used in conjunction with other methods. The big traders move before we Pi’s even no what’s going on. Nothing we can do about that except not to panick when they play their games.
My real issue is when so called gurus appear telling us the chart says we are going to 12p which is about as useful as reading tea leaves.
Using charts is nothing more than an educated guess, slightly better than a finger in the air. Since they only say with certainty where the share price has been. They are merely a tool along with other methods which enable a rough idea of where a share is heading. At any given day companies can break out of any trading pattern and begin a new trend or range. Charts are no substitute for research coupled with a small degree of luck.
Unfortunately guys it’s a public forum where all are welcome whatever church they come from. The particular poster that dogs us has beef with certain posters and he knows how to push their buttons. Throws his bait out and waits for a nibble.
As someone else said this board is a psychologist dream.