Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi DB. Couple of point there. 1 - You seem to be suggesting that Pro-traders profit from small number PIs - but that doesn't make sense - because if there are small numbers of PIs, then there can't be much profits to be made, and if the PIs profit from PIs, then it implies that the markets are being manipulated by the professionals against the small players - because the PIs have the deeper pockets and the PI's get spooked. Don't get me wrong, PIs should never think they can go up against Pros and hope to win, unless it's a fluke and they band together to 'force' but that almost never happens... ALMOST never.
2 - It didn't take 21 years to get back to that level - it broke 7,000 back in 2015, and whilst it dropped back down soon after, then in 2016 it broke 7,000 and stayed there quite consistently for almost 4 years.
I have not beef with you, or what you say, but I took issue with what stated to be a fact when it was your (considered) opinion.
DB, agree, but "within the regulation" doesn't mean that that it's completely ethical. It just means that the regulators have not yet taken or have not yet been able to take a position. I think you'll agree that having huge numbers of small trades one way or the other by the same person/entity is designed to give a certain impression / convey a message. It's not the same as huge numbers of individual brokers all placing trades. That's what most people grumble about.
20 % down an an AIM share is not notable, and certainly not with BOIL shares! This one fluctuates like a rollercoaster, albeit a nausea-inducing one! Need a good stomach for this share. I would suggest that if you want stability, look elsewhere. If you're looking at POTENIAL - and I stress that word "potential" (meaning that it is not certain), then do your own research.
I do not understand how thy can maintain a "neutral" status when the SP is 10%+ above their 'target'. If their target genuinely was 46p, then at 50-52 they should be stating "sell". If it was "neutral" (i.e. hold), then their target should be 50p. IMHO, it looks just like an attempt for them to manipulate the target down to that level so they can buy in again. But maybe just me being ignorant.
What worries me is that an operator would make an approach at this early stage and buy all the shares for 0.10-0.15. I was badly burnt on another AIM venture with a 1bn asset that required a fair amount of investment to get the rewards. A major came, acquired the company and the asset, and will be making money hand over fist in future. My instinct was that there was shady backroom dealing going on and the advisor to the venture actually had an interest in the major. Nothing provable, but I had strong suspicions because advisor had consulted for the major previously... A conflict of interest? Very likely. Provable? Not sure.
I just hope we get the valuation and that SP moves up on news and that there's no dodgy dealing... Not holding my breath on the latter.
There's an old adage: Don't count your chickens before they hatch. In the markets people sometimes say: Even a dead cat bounces.
Looking at your posts, you seem to be telling everyone to get in on HE1. While I'm sure you're a modern day Robin Hood, some people will perceive this as pure ramping.
I'm a holder, though I top sliced as I've been burnt on some other shares that I thought were 'sure things' only to have blue go red.
Each to their own.
Just an opinion.
If an amusement park ever wanted to design a roller-coater ride, the BOIL sp might provide some good inspiration - though I think it might leave too many customers feeling rather ill with the speed of the bounces. I'm a LTH and will likely top up in the coming days - but AIM listed companies SP is pure speculation until there is concrete news and the SG's venture in T-L starts to show actual proof of the value of the asset, it's still speculation. I was tempted to top up ealier this week, but suspected that it was going to drop. Didn't have the courage to sell off and buy back in the same value sold (getting more shares), but each to their own strategy. Just an opinion.
DYOR and GLA.
The "news" on the well isn't really news - just confirmation of the rumours.
https://www.offshore-mag.com/drilling-completion/article/14196124/tullow-oil-spuds-deepwater-gvn1-exploration-well-offshore-suriname
I'm not an oil drilling specialist, but the phrase "good reservoir but minor oil" is curious.
The following is just what you can find on the internet - NOT ADVICE:
https://www.sciencedirect.com/topics/engineering/petroleum-reservoirs
https://en.wikipedia.org/wiki/Petroleum_reservoir
I'm only speculating but strategically, you wouldn't announce any good news before the extension was granted - because that might make it less attractive to the licensor to grant. Likewise, you wouldn't announce any good news with the announcement of the extension because that would embarrass the licensor. Just my opinion.
What might give people hope is:
"The delivery of the technical studies by the Interested Party ... has confirmed and enhanced our geological understanding and corroborated Dunrobin as a potentially attractive and substantial target. "
The last 10 words in the final sentence too:
"The JV will incorporate the results into the ongoing work including the seismic reprocessing in order to reduce further the pre-drill risk on the prospect."
However, it's up to each person to decide if that's potentially positive or still too uncertain.
What might give people hope is:
"The delivery of the technical studies by the Interested Party ... has confirmed and enhanced our geological understanding and corroborated Dunrobin as a potentially attractive and substantial target. "
The last 10 words in the final sentence too:
"The JV will incorporate the results into the ongoing work including the seismic reprocessing in order to reduce further the pre-drill risk on the prospect."
However, it's up to each person to decide if that's potentially positive or still too uncertain.
IMHO, the RNS was slightly positive but DYOR. Just surprised that the bounced didn't result in a lasting slight increase. Whether the news on other assets leads to any improvement, we'll that's a waiting game. I'm leaving it a bottom drawer - I'm just not sure how long it should stay in the bottom drawer and when it gets thrown out. I'm a hoarder, but I've been known to occasionally clear out. I'm a novice, not an expert. I'm not giving advice.
NOT ADVISING ANYONE TO DO ANYTHING.
At this stage, I'm resigned to the fact that the markets are just incredibly volatile with so many different variables spooking different investors, and this is not just related to the price of oil but also the geo-political situation. Why is this happening? Goodness knows. When will it stop? Goodness knows. Am I going to pull my money out? No. I don't need that money now or in the next 6 - 12 months, so it's staying there. It's a risk, but investing involves risks. As I said before: I'M NOT ADVISING ANYONE TO DO ANYTHING. DO YOUR OWN RESEARCH. MAKE YOUR OWN DECISIONS.
32 to double your money. Good for you. I got caught and didn't exit before - was not actively managing my shares at the time - so 32 would be break even. Oh well. It's a bottom drawer for this one. Will have to research other shares to see where there are opportunities. Might pull out if I spotted something really worth-while, but a bit like 'partners' - would want to be really sure - because jumping from one bed to another without proper research can leave you with your pants down!