RE: 35p2 Feb 2023 10:32
Yes, I ramp this constantly, everyone knows that. However, I think we need to inject a bit of reality here as people are getting carried away. We need to remember that this share was 30p when oil was a lot lot lower, debt was much much higher and the company was on the brink. It is not realistic to say that this will go to 20p. Certainly not in the current climate with the war in Ukraine, China opening up, etc.
That said, sentiment is everything and has nothing to do with fundamentals, so if no one buys it will drop. However, at 35p it is worth a gamble as any positive RNS will net you an easy 20% plus. And there's a lot of potential positive RNS's on the horizon. That is why we're not seeing this go below 35p, as at that price it's too cheap to ignore.