Company has too much debt for share price to move higher. Next set of results it will ramp by a few pence if you are lucky, then on day of announcement people will cash out. Won't see much of an increase here until 2021 at least.
Reading these posts today, you guys are sounding desperate trying to ramp this share up. Far too much debt for it to go anywhere. It's the same names every day posting the same figures. Nothing you post on here wil affect the share price no matter how much you are trying to ramp. People can read the figures themselves and know the debt is too much. Never mind including worldwide events, UK election, EU (are we in are we out debacle), trade war, MIddle East potential for war, etc. Good luck to those willing to invest in the risky business of oil.
Like most shareholders here I was hoping that there would be some recent good news and hated to see this share being talked down.
But now I realise until the debt is under or close to 1 billion, there's nothing that's going to shift it. That's why I'm out here until next year closer to the next set of results.
Good luck to those that are here still hoping before that date.
Here was my post: “Why are you on this forum wasting your time continually talking this down if you think the share is going to zero? Is the reason so you can buy in cheap? If not that, then what? If nobody sells you can't buy. People can see through posts.”
There's nothing to miss out on u til next year, if your lucky, money is better being elsewhere instead of trading the odd penny variation on this no hoper. This has went nowhere since last Oct 18 and won't till debt is further down, that's why nobody is going near it just now. The low trade amounts per day back this up.
Most shareholders will give up holding on Thursday, their cash is being left here to rot. My guess is the price will plummet if they don't issue good enough facts. People will sell and buy (if they want to waste their money)next week under 15p. That's the way I see this share going. 19p is the new 44p
"Bashers play on your lack of patience. You have held a stock for a while, knowing it will be a big stock someday. The basher can get to you because you are tired of waiting for your gain. The basher is bothersome and tiring, so you dump it on a bad day and so do others".