The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
This is without doubt the dog of my portfolio. The collapse in the share price is very disturbing. However if you have faith (which I don�t) and cash the this price may prove to be a real steal.
I've just bought a few here. I came across this yesterday and cannot quite get why this company is the Mcap that it is. Am I missing something nasty? Pros Really decent netbacks Decent levels of production Stable geo-political region Ongoing and funded drilling and well enhancement A few million in the bank Proven acreage Great prospects for increased production Growing reserve estimates Cons Operations have been funded by borrowing. In breach of production agreement with 'remote' chance of license loss.
SJ - It's over. Anyone with cash in here has lost it barring a miracle
As always a source of kind words and empathy. No Stannovich. We don't get anything. We retain our shares in the now private company. It will probably cease trading now. Our only hope is that the company can close a belated deal. Unfortunately to say the prospect of this is remote would be optimistic.
The discount occurred because the news sounded great at first but when thought about provided more questions than answers. A lot of people sensibly sold on the spike. That said my indecision this morning may have caused me to miss a great but back opportunity. I just can't get the nagging doubt out of my head that any solid move by the company will involve massive dilution.
Have no idea what is going on here! It's the lack of available info that is causing the volatility. This is a gamble at this point and not a sound investment. I love gambling and may jump back in at the right price
Good luck jonty :)
It's a paper tiger at the moment. No one knows what is coming next. Just had to make a tough call between SOLO (for horse hill) or ASTA. I've chosen SOLO as it's a less risky. I wish all you guys the best. Hope you get the deal if a lifetime
My shell confidence has been battered by NEOS :(
...on friday. However I didn't invest nearly as much as Jontyinvest. That was really good work!
This is a massive gamble driven by sentiment at this point. Two prominent journalists came out and absolutely trashed it. sentiment was severely damaged and it dropped like a stone. Neither the rampers or derampers have any idea about where this is going. It's a massive gamble. I'm going to risk no further news this week and try to get back in again later in the week.
I think this will continue to fall dramatically. I don't believe that there is enough meat on the bone at the moment to counteract the effect on sentiment that last weeks articles had. For that reason I sold on Friday for a 93% gain. If it drops significantly I may buy back in. From a selfish point of view i'd love a massive retrace however i'll be happy for your guys if my instincts are proven wrong. So many questions need answering here. It is a gamble at the moment, nothing more.
It is impossible to put a value on this company. Therefore it is at the whim of sentiment. This is heavily influenced by articles from financial journalists
I bottled it and cut and run. I hope you guys get some game changing news
Got out just in time in would appear.
Well i'm with x-o.co.uk. Just offered 6.75 to take all 13057 first time I tried online. I think you broker may be the problem.
The 13057 trade@7.1 was me and it was a buy. I've just jumped out of asta
I have heeded the warning and sold up for a cheeky 93% profit. These tiddlers are largely owned by PI's and we are easily influenced by financial journalists. I've put the whole lot into SRO. Good luck to the holders here
I think it's time for you to concentrate on other things
...playing a game of chicken with each other or this is toast. My view is that it's toast. Move on.