Lorna’s played a blinder27 Jan 2024 20:53
Some week that was !
I posted a week ago that I was expecting some really positive news because without it , the lights would be turned off due to being unable to raise again at those low levels .
Along came the RNS & surprise surprise - a shed load of new naive investors believe every word she says & the garden is rosy again . I will never believe a single word that comes out her mouth again after what has gone before . There is nothing concrete in that RNS - no mention of free gas , traps or seals .
We know a fund raise is imminent- they are skint - they will know the wireline logging results this week & that will determine when the fund raise is . Poor results & the raise will come before they announce, good results & it will be after . But it is coming very soon .
Genuinely Pleased some people have made some money this week - especially some of the LTH - who have had such a 💩time of it - hopefully there a couple of more days ahead where this could rise even further.
Personally having derisked so many times over the last couple of years - unfortunately I’ve no more dry powder left to get my average lower - I’m done & will take the consequences of a large loss - crippling but so be it .
Good luck to everyone but be careful - don’t listen to these new rampers - they don’t know the history .