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.
Now hinges on the success or failure of Brockham. In the event of a disappointment with the separation of the water or disappointing flow rates I wouldn't like to think how low a placing price would have to be to get one done, so I can see the sense in doing one before testing Brockham while there are expectations of a good outcome. Needless to say that until Angus do start to produce oil at decent bopd they will have to rely on placings to carry on.
Alan...the positive comments I posted last year were based on according to P Vonk....its just a question of turning on the taps and that it would flow oil in greater quantities than H/H and a reflection of where share price had risen to previously .....What changed is when we turned the taps on we got water,long delays and uncertainty. And so my sentiment towards the share as changed accordingly. Until we know if the separation of water from the oil is a success and an idea of flow rates the SP is worth more or less where it is now 5-6p
Alan doggy ..was meant to say dodgy....in other words everything at the well is not swinging its dodgy....has problems with water....its not producing anything. You say nothing changed since last year when I was posting positive comments here. But yet the whole ball game changed, "Starwars" didn't happen the share price dived to 3.3p.The board changed,Vonk left,sentiment lost.....Yes new board are keeping us better informed at the moment and things are beginning to move forward. But I'm not going to get carried away with it like some on here. By the way I have always appreciated your knowledgeable posts on this board and in no way do I wish to be critical of you.
Not my intention to make a comparison but to illustrate that the market responds very badly to long delays and failures..its not that long since this share fell from 14p mid Dec to 3.3p near end Feb... Bad enough fall in its self.... Its a "doggy" well...and its far from certain what the outcome will be...chances of success I sincerely hope 100% but in reality 50/50
Yeah nice buy...but it I'll probably also become a nice sell early Monday morning if price rises to 5.90-6.00p...risky . Why the sudden drop last Thursday morning ?.....next news could be the awaited approvals or .....a big placing at 4p or less announced during early recommencing of work . Because should Brockham well disappoint again that would be a disadvantaged time to raise money for future Balcolme well....only my thoughts and I know a lot on here will argue different.
Normally I use moneyam, yeah its finishing...try using Webull its free and streams real- time watchlist. Pity no bid ask but get last traded buy/sell..reliable.hope it helps ...works on android and PC.
(Cont)making me sit on my hands for now,even if it goes back up a little in the day the day traders will take it down again below where it started.Lets hope Vonk doesn't issue another Rubbish RNS in the meantime. They need to carry a warning "this RNS can seriously damage your finances"
He knows full well how the Market will react to the wording of it...did it increase confidence in the program ,No it didn't. did it increase share value No it didn't... No wonder 9p placings were happily disposed of at 11p+ Maybe their waiting on the sidelines for another go at 9p ....Or of course there is just another question have they encountered problems with the well that they need to buy some time to consider how to rectify