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Based in my experience in previous shares that had placings, the SP typically drops when the placing has been completed i.e. the date when investors have the ability to sell the shares they bought - because people will want to make the quick buck between their investment and the current price. But what do I know. DYOR.
@Mekas, I almost did the same, but almost decided to go double or nothing. Didn't do either. Oh well. Take the positives from today, and hope that slow retrace to 12 months ago... when it was 0.7. I'm still hella under water, but it is what it is. AIM risks. Good luck.
IMHO, while there is a heck of a lot of uncertainty in the market, the fundamentals of this company are solid. Short-term sentiment of some to bank their cash etc, doesn't bother me too much. In 2-4 years, things will be far better. Might share price drop more? Possibly. Who knows. But I have some cash that I don't need for the next few years and I'm prepared to invest it. Catching a falling knife or picked up some at the low point? Who knows. I stil think: (i) world needs oil for at least next 20 years and reduction in consumption will be very gradual; (ii) this company has good production, and managed loans. I'm in, staying in, and might go in some more. Have picked up some more this morning.
Sorry, but I disagree. We don't need some overpaid numbskull that is just there to take a fat pay-cheque / prestige or to show to shareholders what he's doing when actually achieving nothing. DM might not be to everyone's liking, but he's at least focused on the job at hand - finding Helium. He took a gamble with the first risk. Had it panned out, he'd have hailed a genius. It didn't. It doesn't make him suddenly useless. The fact that he wears a pressed shirt to a meeting/press interview shows that he has respect for investors and that he's in a management role. I'd be a bit concerned if he turned up to a meeting/interview in a greasy oily shirt as it would indicate to me that he's getting involved in things that he should let professionals do. If you don't like him, maybe take your money out and look at other investments. But that's just my opinion. You're entitled to yours.
Based on previous history, we should expect that if the results are moderately good, the sp will maybe just about hold its own, or might even drop - just because Rahoul is not Elon Musk and doesn't oversell the company...
... as we're still way below the recent averages. The substantial drop last week was unjustified IMHO, so this is just getting back to normal sp level. Good news should have this sp at multiples of what it's currently at. But that's just my opinion.
There are lots of people looking at the glass half empty at the moment. While I'd love the share price to rocket etc, there is far too much uncertainty in the world at the moment for Rahul and the TLW board to go around being bullish. IMHO, now's not the time for theatrics. This is not Tesla. 2 years ago the company was at risk of being wiped out - and had you listened to some on this chat, it was dead. There will be a myriad of reasons why Rahul and BOD will not want to trumpet or be bombastic, least of all because they're trying to get some rights to highly valuable assets. I read the HYU and saw lots to quietly happy about. But I'm not an expert, and maybe all of you know better than I do. But doom and gloom doesn't seem to be justified IMHO.
BH, fears of oil price drop are only part of the story. The absence of information on prospects, future explorations etc is enabling some speculators to cry wolf and cause some panic. Sure fear of recession is causing some to liquidate their shares and sit on their hands and wait. But TLW share price is nuts by comparison to its financial situation, known production and known hedged sales. But share price is entirely sentiment driven. If there are no buyers for shares, then price drops. There's a bit much uncertainty in for institutional investors, and O&G doesn't fit with some ESG principles. But TLW appears to be now in a quite stable situation. But that's MY PERSONAL OPINION. I'm NOT AN O&G expert. I'M NOT giving advice.
While people are reading lots into the fact that Xi Jinping sent a message to the TL newly elected president, people need to be aware that Xi Jinping has sent messages of congratulations to most world leaders at some point, and has even sent messages to "35th African Union Summit to extend warm congratulations to the African countries and people" - does that mean that we should be jumping on shares of every company that does business in Africa? A bit of realism is needed. BOIL is sitting on huge POTENTIAL assets. They are POTENTIAL and only become really valuable if there's a clearer route to market. Until there's a reasonable prospect of success, there's no news. I've been here for a long time - and still sitting on a loss. Will continue to old and top up. But running around like headless chickens squawking is unhelpful. Great to get excited, but let's get excited about something more than just tea leaves.
If you look at what happened immediately after he/she/they said sell sell sell... price dropped... then bounced quite a bit higher. Not that I'm a cynic... but wonder if he/she/they sold a huge amount, then bought back 5 minutes later...
Always make me smile whenever I see one of K's posts... becoming a better predictor of share price movement than even an RNS or Tweet from DM... :)
Personally quite happy that consolidation not going ahead, but maybe that's just me. I personally didn't like the apparent increase in value of shares just because there had been a consolidation. But just me.
Share consolidations can operate to make the share look like it's more valuable... but by increasing the apparent value, it will also provide more flexibility for it to drop to what might appear to be low levels (again, this is NOT mathematical, but more 'emotional' / visual). So a share that's valued at say 0.04, that traded at 0.12... has dropped to 25% of the 0.12 value. However, if you consolidate that share, and it now has a value of 2.00.... well, new investors might look and say: Hmmmm... this new share price I'm not sure I want to pay 2.00 for a share that's purely speculative... And I'm not sure that it's going to reach 100....
Some companies can also do a share split - allowing investors in at lower prices... Tesla did that (5 for every 1 held) and the share price continued to rocket back ABOVE the previous levels.... so meaning that anyone that held original prices got 5 x more... (the original share price would NEVER have reached 5 x original price - it was already trading at USD 1,300 and would never have reached $6,500 which is the equivalent value that the original 1 share would be valued at today... )
The MARKET doesn't always think mathematically....