I am with Randomaxe - this is a tale of mis-management and playing fast and loose with investor cash. I am stuck here and now relying on hopes and dreams of a return - but the realist tells me that this will die on it's arse once they have wasted away every last penny and they can no longer sustain their costs - how much of this has been exec salaries...?
Picked this up from the Ophr bulletin board (credit to Froggle):
Worth a read to explain price action. Some principles may apply here.
https://www.businessinsider.com/the-richard-wyckoff-stock-trading-method-2013-2?op=1&r=US&IR=T#instead-heres-how-he-sets-it-up-first-hell-shake-out-the-little-guys-by-forcing-the-stock-lower-in-order-to-get-a-better-price-3
Amazing the similarities and differences in the two stocks, one well backed by noted investment houses and then the other (AEX) notably not - but both in the doldrums in terms of SP!
GLA
Dear Drewky, your drink sounds very familiar- I used to do Guinness and Gold Label with similar outcomes.
When attending a brewery tour at Carlsberg in Northampton, they showed us the ordinary (cooking) Carsberg and the Special Brew so I asked where they made their Export strength - the revealing answer that it is a mix of the Special and the cooking stuff - maybe that was how Skol made their Export strength in the first place?
This really is a turd of a stock - I have ridden the waves up and down, and down, and down...
I have learnt much about the oil and gas industry - drilling, rigs, flow rates, pipelines, government agreements and the Tanzania area from this very knowledgeable bulletin board, but it has been an expensive lesson.
Here's hoping Jay and the gang sort it out and get the profits flowing back to shareholders soon.
Merry Christmas to all, fingers crossed for the New Year!
I have bought back in - been about 4 years, but I think now is the time. They are buying back shares, signs of strength surely - and I reckon this will rise like it did before when they spent spare cash to push up the share price. Happy days (hopefully).
Wow - soon I might be able to buy my shirt back...
Surely unethical at best, and illegal at worst for these to have been traded since the proposal to consolidate was announced - half a billion to one consolidation - whoever was buying into this pile of sh*t in the last few weeks will be getting a very rude awakening. At least us that have been here for some time have become punch drunk from the scamming directors piling more and more bad news upon us - did they lose any of their salaries etc. - whilst we were losing our shirts?
Bring them on - just need to get it to 14p to break even....
This share is a bag of sh...e! Hey ho - that bubble's burst then - back to SNAFU
Is this leading up to an April 1st announcement?
Hmmm - have they struck gold/diamonds/Kryptonite? This can be the only logical explanation - or maybe it's a typo at AIM... My average is 14.4p so let's hope they found some more...
Yep - we're not so dumb, eh! Whomever is buying in to this PoS are nuts as you so rightly point out, Phoebus...
It's getting closer to my average of 13.3p - closer.... FML
This is JP Morgan 'buying' the company for $15m - banking the assets for the future when the oil price rises - just my guess...
Morning Verony - you put it more succinctly and elegantly than I - the 'mm bull' I was referring to was the conspiracy theorists who think there is something apart from economics at play. We small fish can only hope for a lucky strike in a penny share, the MMs/big players will get involved when the company has the right resources/infrastructure and the finance to support it's expansion/growth, if any of these aren't in place, the market will punish the company through the share price...
I no longer believe in the mm bull - that is just a convenient line trotted out when we are facing losing money and want to blame some massive external conspiracy to shift the blame from our poor decisions ...
Whilst I have sunk and lost a lot of cash in here, and would love the price to recover - SMALL INVESTORS, do NOT BUY into this - they are just about to dilute the stock so it's only going one way. If this has got some assets as Markyj2000 says, it still needs the oil price to double to become viable again. Save your self the heart-ache that we current investors/mugs are enduring.
Yes - deffo - I think it's mainly boys that are stupid enough to risk/lose money in the AIM on the faint hope that we make a few quid.
Impellam's rise was supported by share buy-backs, it avoids money being paid out in dividends as it uses spare cash. Ultimately a good sign - about blooming time!
Last one out, turn off the lights....