The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I am not sure they have ever managed to produce gas profitably yet, because of high initial costs and poor flow rates.
I remember reading a P/L years ago where the direct cost of production was higher than the revenue, it was early days and they were still learning how to extract the gas optimally.
Cant not the logic at all, like others have said it seems to muddle the outcomes not improve clarity at all.
It could be blessing though, if the older four frac zones with the new method turn out to be much more productive with the pump, but I just don't see it being helpful, as they will need to run the original four zones until they drop to steady rate of flow before, using the pump, which no onw knows how long this will take, and what further complications and unknowns it will create.
It feels uncomfortable to me. the DGH micro managing like this ... what is their agenda?
I just wish they focus on the now and stop chasing rainbows so far in the future.
I been mostly silent for long time, I have never liked the direction or focus of Roland, Joe was a much more what I think SYN needed and he quit...
There is just not volume of shares being traded yet, this is struggling to move to realistic valuations.
MM is looking for shares and quoting in buys in 10m blocks which makes me think MM wants a holding at this level.
Still think it is spending resources that SYN does not have at this point... but maybe there is a pot of gold if they can keep chasing that rainbow for the 8 years.
I would much rather the focus was getting Cambay working better, into cash positive production and JV agreed tbh.
Could just be stop losses.
I have been thinking of putting one in the last few days raise, but my holdings are too big. Anything over 5M shares on an auto order is unlikely to trigger at the rate you want, but only at best i have over 50m... so
BA? As I was only complaining to them yesterday about their website, all the discover holidays assume two people when I often city break alone but you can only get the solo prices once you have picked the hotel really annoying and time wasting.
The last few days especially it had risen on optimism of the good day today, tbh I thought we are going to have a cracker myself, but or so I set up stop losses just little under the closing yesterday as I thought it only going one way up. It looks like to me an optimistic update was therefore built in to the share price, so when we got a steady as she goes update it was like bad news to many holders. And as another has said wait until the US opens as I suspect we see a further drop.
I been very lucky to get out near the latest peak, but I never intended too, the share is still a solid buy with a very good LTH prospects. I just think RR has been struggling a bit lately so I taken my profit and moved my money into IAG for the time being .
Hey, this is looking good with steady rises on the last few weeks...
It debt is a worry but it s seems to handling it and at least it has not issued shares like RR did devaluating existing share holders.
So onwards and upwards to £2.50 please.
But just in case set up my stop loss just under the sales price to nail in my profit, and case of the train crash to protect my pension.
what we got is an indifferent day... but the initial drop activated my sell orders, o well walked with £150k profit, but feel it is on go slow for a while now so going give IAG go with the money.
Good luck all
AKA