RE: High Quality RNS. It is Commercially viable!5 Feb 2024 10:03
VisitTimor, this happens a lot on AIM. People simply don't know what to make of huge results.
The markets knows but pretends it doesn't to let its mates in at mates rates. In the coming weeks up it goes, in accordance with the lore of spivs letting their buddies jump onboard cheaply. It's been done to death here. RKH, Tullow, XEL, etc.... You either sell up and make good profit where you can or hold and/or add for the longer journey. But a lot of it is people not being able to interpret drilling results and being able to see further than today.
I'm not pretending to be such a person and there are many with far greater knowledge than me. But the churn is almost always because retail punters believe that whatever happens in the morning = that's it, end of show. When of course, it's the beginning. There are always caveats with even good RNSs, but you'd have to be into extreme nitpicking to find fault with this one.