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Worst case scenario RI would’ve been only way out back in Q1, but obviously with hedges and recent oil price hike has come to rescue so with the oil price in mid forties and Uganda sold off I think for near future RI is off the table.
Hi Slift
Didn’t the board oready vote against the rights issue earlier in the year?
I would hope they don’t do a rights issue because the share price is oready too low and plus they have 1.4 billion shares circulating which is oready huge amount.
GLA
Steve
Warren Buffett once said:
‘Someone's sitting in the shade today because someone planted a tree a long time ago’
So patient’s is the key: POO will recover to average $60-$80 beginning of 2021 when all the glut is used up, Traffic is back to pre-Covid level, Covid will be gone by end of next year at the latest, debt will be lower and 1000’s private investors will be looking invest when uncertainty is over.
Hold patiently and you will be sitting under shade too.
GLA
With all the negative news around the world we definitely need positive news or we could be going back to sub 25p mark, I’m hoping for better then expected news or anything normal then we could be heading downwards.
GLA
Just last week I posted a message regarding citadel getting burnt when the last spike happen, guess what they got burnt again this week.
They Increased their short position on Monday, got burnt on Tuesday and reduced their position again today, they be better off giving up shorting lolol.
GLA
GG
I look at every point of company and there future, but I don’t believe in tlw getting to £1 by end of this year, most likely by end of next year but based on recovery in oil price, production and demand, as we know demand is picking up but there’s lot of glut which has built up which needs off loading, price of oil will increase and demand is picking up so imo I see tlw at £1 by end of next year but this year I have doubts, and this is being realistic and not dreaming of £2 by Christmas Eve lol.
GL
GG
I was doomed and gloomed when carillon went bust and I lost huge amount but when markets fell this March I thought it’s probably time I could recover what I lost then, so I done my research and narrowing down to few companies that can make me big 6 figures profit and I came across this and I bought and held on nice and tight onto my holding and my carillon misery is oready over from what £££££ I’ve made oready, but this share price atm is a tip of a iceberg, so I’m holding for 3-4 years and staying positive, it will be Fruitful in time but not overnight.
GL
IMO I rather see oil price well over there breakeven Point, even at current price there in positive but this SP and retracing at current price doesn’t help, with better oil price and demand picking up they have better chance of selling for higher price which the management will be aware of, £100-200million more would be better off then trying to panick sell a decent asset, but regarding production for next 12-24 months it will depend on demand aswell i.e second wave, but they will be focusing on that oready.
Rns regarding Kenya would be better off In week or two coz even if there was a sale and announcement it will only rise soo much but if there’s announcement when theres uptrend It will increase the sp lot higher, so patience for few weeks will pay off. GLA