Yep something doesn't sound right there Hartley. I'm also a long term holder and had been royally shafted as my initial 2k investment a few years back was worth about 20 quid a few months ago and vowed never to touch Val again with a barge pole. However, I did jump back in with a measly 1k at 12.1p after watching it rise from 7.25. So it has taken me about 5 years to get my investment back that I had written off. Small fry for most on here but a gain is a gain at the ned of the day. Really interested to see where this goes now. GLA
I think it is a clear and honest RNS and should be easy to make an investment decision on your greed / fear ratio. My glass is half full and believe the Govt will ease restrictions by end of July. If so, then the SP will rocket very quickly with a lot of people banking their initial investment on the way up. If no news by early Aug then I see a massive sell off of PIs trying to limit their losses.
I'm taking no notice of rampers, de-rampers, chartists, conspiracy theorists, evangelists etc.
So we're starting get some visibility and so we should be.
Major milestone as a reminder..... The issuance of the LOI will be a major step in the development of Thar Block VI and would confirm the Government of Pakistan's commitment to purchase power from Thar Block VI.
Shareholder agreement by end of June also.
Great entry point for any long term investors sitting out to Financial Close... End 2021. Anyone got views on SP post LOI and SA?
Ponkey - 600k is a nice chunk. I'm only invested to 255k at an average of .81 but happy with that for the time being. GLA
5.9m Bought, 1.9m Sold. A coiled spring getting tighter and tighter over the next couple of days. LOI would just be the start of this. Once this gets the visibility from other investors it's going to be a very interesting few months. GLA who are invested.
Nice weight of buys coming in. I'd imagine seeing a further surge this afternoon as people want to be locked in before the weekend. Feels a bit like a coiled spring. Made some profit on this on Monday with a .17 entry and .65 exit but stupidly bought back in on what I thought was a temporary dip at .48 so currently sitting on a bit of a loss. All part of the fun. GLA
Knicol46. Why do you think the results of YZJ will have any effect on AMED? We only have a JV with their offshore engineering company who's main products are to quote: "Main products are offshore drilling platform, and products will be exported to Germany, England, Canada, Norway, Denmark, America, Singapore and so on." as taken from the Offshore Engineering section other website: http://www.yzjship.com/en/company.asp?sid=11
They are a massive ship builder and there are far worse people to be in a JV with but don't see how their new order pipeline will affect us.
Yesterday's rise was welcome and hope it continues but news of the Rig sale and general update on strategy is what we need here.