focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Call me an optimist but I think there is a reason why this company hasnt gone under or taken private over the last few years..because there is significant value in the gold part of the business. It has been held back by the IRC commitments and the various board changes. I think we could be finally turning a corner!
Guys and girls you all need to calm down. I know making or losing money is emotive but this stock is (and always has been) a speculative punt by virtue of the products/ market it is seeking to break into. Think rationally and consider risk v reward. It COULD multibag..on the flip side be prepared to be disappointed. Afterall, if investing in stocks was easy we'd all be laying by a pool. Never over commit to a single stock!
Too much uncertainty in the arena atm. Still a month away from trading update...goodness knows what could happen to the brexit/political mess between now and then! I'm in cash and sitting on the sidelines watching with interest.
Highest number of share trades in a while yesterday. Perhaps interest is picking up? If this can crash from 13 quid to 5p then there it is not impossible for it to recover into some form of double digits at least. Look what happened at KAZ. IRC is of course the elephant in the room. I am a LTH and have traded between the 5 and 8 range over the last few years and recovered some losses. Now have a small holding and will keep in case it pops!
Got to dream GG!! And why not 50p+...they have some great assets and finally now a technical team who know what they are doing! The SP has been stuck in a tight range for months but was always going to breakout at some point...up or down! I dont have a large holding as i sold some to hedge my bets. We'll know a lot more in Q1.
Although this is welcomed i'm a little bit nervous/cautious. Don't know why and no specific reason. My average is about 20p so sitting ok at the moment. A rise back to 50s would be great...even for longer term holders who bought at higher prices as the outlook looked pretty bleak for a while. Lets keep going north!!!
Yes deja vu...2016 again. Wtf has changed in 2 months...or did i miss something???
The EIA/API stats are all bull...and that goes both ways...build or surplus. Oil is in a weak spot at the moment. It has to have big swings otherwise nobody makes any serious dosh. Dont beat yourself up if you didnt sell at the top or buy at the bottom. Its all a rigged market...just dont dive in too much or be too greedy as the 'market' can change direction in the blink of an eye!
It is what it is. A cruel mistress of a market. Glad I only dipped my toe in with PMO at 85p. I will hold as always a mid term investment for me. Cant belive it has dropped so quickly...reminisent of a few years back. It will bounce back at some stage. Markets are way oversold imo
Lies, damned lies and statistics! So much going on in oil market even the liers don't know the truth.
Yep me too...got in mid 80s. Volatile or what!
I'm not sure what value is added with the predictions about the SP will go up to this or it will tank to this etc. None of us really have the faintest clue if truth be told. The company we are invested in is the global oil industry which is complex for even economists to disect. Earlier in the year people were speculating oil would peak in 70s in 2018...it almost broke 90. Who would have thought PMO would climb to 140s in such a short space of time. The sharp decline in oil price in recent weeks tells you the basic lesson about investing in this commodity. It will go up and it will go down and often very rapidly!
The most fickle market. Its been benign for months and then whoosh. What the heck has changed so much in the last month...or even the outlook.... to warrant such a sharp drop. Bit of a joke really. Hold for gold though!
How they take commodities up and down so quickly is 'skillful'...its a casino!!
Not a current holder but have traded this in the past with modest success. Feel sorry for current holders. Every now and then shares can swing wildly for a variety of reasons. If it makes anyone feel better take a look at FUM, BATS and KAZ...the former being particularly grim reading. Sometimes even big companies are like casinos!
Agree Pearls. Tobacco stocks are now target for shorters in short term and would therefore expect SP to drift lower.....perhaps BATS will hit 2500 territory. Similar story to how oil stocks got shorted to death in 2017. Long term prospects unlikely to be affected...Governments earn a lot of taxation from tobacco industry lets not forget.