Constructive Debate4 May 2019 08:12
Sub-Mariner, thank you for the constructive dialogue last night (09:00pm). It was refreshing to be able to have a meaningful exchange of views without emotive rhetoric & sabre wielding, which most of us can accept is pretty pointless.
Your point on 'when the oil flows' isn't how I view this or any other oil play tbh, purely due to the binary nature of possible outcomes and the unknown regarding number of new shares issued from any Placement as well as actual results from logging.
It's more helpful in the way I look at investments, to evaluate the more immediate issues and their impact on the prevailing price of the share, as noted in my post last night.
If NO OIL is hit, it's all pretty academic, hence like most such plays the binary outcome needs a corresponding investment strategy, the practicalities of which are quite obvious.
If oil is hit, great....but many are acting as if that's a given, even those purportedly 'being in investing for 10 years and having made a bit.....blah, blah' - certainly not the way a mature investor would view such stocks.
Again, thank you for the discussion and others may want to scroll back to asses such views themselves - beyond the subsequent '3 Scrooges Meltdown' by certain individuals threathened by such dialogue.
Atb all