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Some big moves here can happen soon.
FCA wants to run down the company i guess. No news as well from the company. The last news was fund raising and no news thereafter
something's afoot definitely
Just wondering if this is a strong potential takeover target now? There will be bigger sharks looking to take this over while the sp is low given the Wos, acreage, oil and tax credits. I hope the sp moves a bit quicker before the offer.
The chance to see double sp figures is much sooner than expected now. Fingers crossed , we should hear news on AM extension, bonds finished or rolled over. If we do hear something on well 7, then nothing like it.
Feels like there is some news or Not. Hopefully it is sooner rather than later.
Such heavy Institutional holding, no wonder the bears have been active on the boards trying to flush the retail holders. Seems this statement is so true ''Money always moves from weak hands into strong hands''. Always flush out small sh's at low prices and sell to them when price get inflated. And so the markets are always right. Glad I held my small holding through thick and thin to see the end game.
The appearance of the old bears always provides me confidence that dawn is near. These were the same folks advising peeps to sell when Hurricane shares were below 1. There is still steam left here.
Markets like certainty and our Bod keeps coming up with possible doomsday scenarios. That is why we are here. Hopefully news of next lift, signing of AM extension and further debt reduction will move sp. Till then it seems rangebound. This stock has all the potential. I am certain this will be in double figures one day.
Canetois, you made me smile after a long time. I am sure some of these points will come true specially about the debt. The SP doing something today, seems has heard you.
what is the basis of this 10p? is there any news? I am a LTH
All the best Fandg2. Things are looking much better and I pray that LTH's recoup their losses.
My average is just around 8 now and I hope to make some profit before exit. Just like other false things said by Maris and company, my impression is the report on no oil left was created to run down the company. There is a lot of oil ( If not massive) down here and this company is a goldmine.
Email sent. Richard Bernstein should show door to the 2 Muppets Maris and Chaffe who still remind of the old baggage. They were instrumental in running down the company and are only behaving because of the new found friendship with CA. But they still are snakes who can't be trusted.
Well done guys for keeping the faith and riding it from the measly price at the time of court case to what it is here now. Things have changed but one thing always remains and that is the company of shorters and negative posters. I bet this is their last attempt to shake off weak holders and close their final positions. Their view is also to be respected. I am still holding till my average of 9p is reached now. Senseman, thanks for your faith here, wherever you are.
But again everyone should DYOR. If you have made a profit or feel you can have a acceptable loss, by all means do what is in your interest. I know there are still some risks here but lot lesser than they were in April.
There will be lots of ups and downs but if you were holding at 0.08p, what is the reason not to hold at 3p specially if your purchase price is 10p+. My average now around 9.8p and the MM's will have to give a better price for getting my shares.
The cherry on the cake will be if well 7 starts producing which they had to stop because of oil pressure.
Continue holding if you are still in loss. Oil price is rising. Cash in bank is increasing. The bond holders will play tune as soon as they see they can be repaid. We have seen how many lies were perpetrated during the court proceedings. The vultures are still circling but with patience things will settle down.
The SP probably has found a interim range for now between 3.5-4.0p. We will require the next set of news to take this forward. This won't come immediately so LTH's are advised to still exercise patience. You have been holding since 0.8 so no reasons to panic now. Traders will always have a different view. Of course you can set a target for exit also. For e.g. my average price is 10p so I may sell some holdings around that price or may be some earlier and then try to trade. Frankly DYOR, IMHO and all that good stuff. But make your own decisions. The risk here has substantially reduced.
Is that possibly CA have found a potential buyer for hurricane. This is just a theory but this always had a takeover written all over it. I believe CA may have a target of 15p now for the buyer. It definitely seems the reserves were beaten down on purpose. The reserves are pretty much there but the capital is scarce. A bigger fish will happily take this over for the reserves and current oil value. Bit sad for LTH's but it will be a closure and far better price than 0.1 which the board had reserved for all of us.