RE: Shorts23 Dec 2023 20:48
Supercooper.....we'll never truly know why AOI and Total walked. There's probably many reasons and remember they only had 25% each. If the Kenyan government exercised its right to 20% that would leave them with only 20% each. Then take the stretegic partners bite out of that and they would be left with very little in the end. So the risk reward ratio probably just wasn't there for them or perhaps Rahul is more shrewd then you give him credit for. However, that is now irrelevant and which ever way you look at it, Tullow owning 100% now puts them in a much better position. Also, remember that Tullow walked from Namibia and look how that turned out. Just because Kenya wasn't viable for them at the time doesn't mean its a dead duck.
Gingy and POWER.....I just don't see why you'd hold for so long, absorb all the stress and then sell for a small profit at 40p. Kenya is definitely not priced in and we should know by the end of Q1 2024, so not long to go now. Obviously everyone is entitled to do what they want as it's their money and they need to consider their financial position. If you've been sitting on a loss and you're financially stressed then perhaps getting out while you can is the best policy.
JMAX I'm not a trader. Everytime I try that someone else makes money and I lose money. I was fortunate enough to get in low and can afford to wait. So that's what I'm doing. I treat this like a lottery ticket. I don't want 3 out of 6 numbers to win £10. I want to hit the jackpot. If the stars align then its life changing for me. If not, then so be it. I might get tired of waiting at some point, however I'm still patient for the moment.
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