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Or if, like me, you're much too young for that, put down a deposit courtesy of the rewards of a big initial investment =)
Quite so, however Carlsberg & co. have said they require a recommendation to be made before a further bid, otherwise the proposal will lapse. Considering that this role on the initial bid talks in October, it may drift somewhat if nothing is finalised. As a bid is not certain, I feel that is something of an explanation as to why this hasn't moved north this morning.
What happened here? There appears to be a history of meteoric falls with this fund, but still, no news to justify it anywhere...
One would deduce that the transfer clearly had the shares valued at 1.1p, so would that not suggest a movement towards such a SP? I came across this one after the breakout had begun, and can't imagine that tomorrow will prove like today. Still, I do expect the share will go up to 1p, but how soon depends on corporate activity and/or a feeding frenzy by investors. Keep one eye open for this I think...
Ceckyspunt is correct, news is most certainly due. It may not define the share in any sense of the word, or lead to glorious heights. The previous news did, however, inform us of untapped 'potential' in Sunrise's Finnish explorations. They may prove to be fruitless, but those of us who have invested, small or large, (and I know over a dozen people who have confidently put their money where their mouth is) believe that the gain outweighs the risk. After all, there are few certainties in the market, and by that I refer to certain gains, so clearly, if a high risk stock doesn't appeal then by all means steer clear. Sunrise does have potential, however negatively you view it. This may not be the big break we're all hoping for, but it will be, at the very least, one rung on the ladder to progress. As ever, all my own opinion. Research and enjoy...
Yes, there seemed to be some very positive and constructive discussion on there, naturally, like with all shares, results are key here. Positive results will give this share an uplift, an indication of grade would only add to that. It'd also make investors wake up to the opportunity, for although we've had a slow trickle of buys, this company is certainly underexposed (see market cap in any case). I doubt we'll have much longer to wait, certainly not beyond the end of Jan, if the estimate for the results return is correct. I think this is a good buy at the price (which considering where it has fallen to and the spread) means that one couldn't have bought in much lower! We shall see...
Thanks, now that the news has appeared here, I realise what news you (and everyone else) are referring to. Clearly I'm not going about keeping upto date the right way :)
LSE aren't exactly current with their news are they...nor is Indago's own website.
Azzurri, what basis do you have for that belief?
Amazing how bad one's can be sometimes! Ah well...
Some substantial trades going through, clearly further interest has been sparked as a result of yesterday's takeoff! Even without any news, this could happily go on to 80p today I think, and perhaps further next week, for there is no slackening in the amount of buys!
If you mean, will the SP rise more, then certainly! There has been a continual level of buys outweighing sells over the last month, and in all that time, the SP has remained static. Today's rise was not on the back of any news as such, but if one considers the proven level of interest, a rise was long overdue. Also, with anticipation for news of the drilling results on Jebel Hafit at a high (considering that previous news reports have suggested that this will be the approximate time that results will be known), we are now perhaps experiencing a rise in line with the substantial investments of the past 4-5 weeks. If Jebel Hafit is successful, then yes, there is great potential for this share. As Martin Groak of IPL said, it could transform the company, and definitely an increase of 10 times is not unreasonable (his own estimation). Of course, we shall have to see, but having done some extensive research, I'm feeling quite positive about it. As ever, don't trust my words, but check out the detail for yourself :)
I don't disagree with your knowledge, my question wasn't a sceptical one, more an enquiry. I know that currencies rise and fall against commodities (so to speak), but I wondered why oil would fall at such a time (and why so specific a time?). You're experienced, and I'm comparitively green, so you're no doubt correct, but I would like to understand the reasoning. As you've traded it for such a time, is such a fall cyclical, and I've just not taken notice? P.S. What kind of hat is it? =) Merry Xmas to all!
A layman's enquiry naturally, but with demand for oil at unprecedented levels, why should the price fall? Surely as currencies find themselves weakened, we would see a rise in the value of such valued resources?
chance of success, according to Groak. I guess one cannot expect a cast-iron guarantee, and the odds are far better than anything else!
If Audley is serious, then this clearly offers a short-term opportunity, before the share moves to the NASDAQ. No doubt they'll need to offer a reasonable premium to tempt the shareholders.
Considering that this is at a low right now, the obtaining of the rights seems like good news for the company. I wonder if it will affect the SP at all, for the company is still attempting to recover.
The only thing that I don't like about this is that Indago can't reap the rewards of production, as that's now in the hands of RAK. So beyond being a 'lucky strike' company, what future is there? Surely RAK would prefer to do everything itself...hmmm, I don't know enough about the market to comment, all the signs seem optimistic, but am just concerned that the company has only a limited brief.
I can only assume it's due to a dearth of purchases, little activity in a week and all sells. No doubt a similar amount of buys would produce the opposite effect, but not one appears interested.
Pity I missed it, have come across a few gems in both the Times and The Economist, funnily enough! I do notice that the management state that Jebel Hafit could 'transform the company', so that's either all bull or it really does have that capability. I think, like you, that there must be something in it, and this price is rather good!