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...and the tension will ease... I know it, the World knows it! The retaliation of Israel's war efforts is already being felt by the U.S this morning. Alienating the entire Arab region is not in the best interest of Israel, and they know it. Morocco needs this gas supply badly. Lot's of political play here, you just have to be able to read between the lines.
Well I've already added, current sp I seemed as good enough, waiting for lower will take up too much of my day IF it ever happens, and the goal here is to wait for new year works, which, let's be honest is right around the corner with a high CoS drill that'll change the company's future with a multiple of today's market cap! It's a win win for me.
It's about the patience element here as opposed to the quick buck element. Seen it so many times people kicking themselves thinking short term. Look at the investment, do the research, look at timelines and sit back. A massive de-risking achieved here today with partnership and a super payday on FID.
Relaxed after watching presentation.
NewKOTB, Thanks, I was at work and missed this. Just watched it! All I can say is "Brilliant", Chariot has honestly a great future. Why we are re sp is absolutely crazy and I believe a massive market disconnect!
Also excellent detailed questions put forward, covered a lot. 2024 is just around the corner and market will be playing catch-up.
I believe BouncyDeadCat did and excellent write up on the near term future prospects of the company with which I totally agree. I'll also say with regards to a "Successful" drill, I believe i'll just add that a company like Energean will have done its due diligence before agreement, and that's good enough for me.
Looking to double my holdings if it's still hanging around in the 11's tomorrow, but this means I have to free up cash elsewhere, but I see a better future here in the interim.
GLA
Possibly Russian buyer clearing out since War began MR OLEG SOLOSHCHANSKIY IMO, who held 5.55% on the 24th Sep 2020. Also based there I believe. Would've been 7.4M shares at the time before dilution.
I reckon he had to trigger sale due to Russia/Ukraine conflict. No Holdings RNS reduction since then... but I don't think he's worried about declaration and tbh sweet fa can be done about it!
Obvious seller first thing in the morning, or helping a large short exit cheaply. Picked up substantial amount under 13p as that RNS was VERY GOOD and this should re-rate properly in the following days IMO. No-One likes uncertainty with regards to funding in these markets.. and this RNS puts that to bed!