Disappointing! MMs don't seem to want this one to go up for some reason. Price barely rises on buys but a few sells and they smack it down quick. Been like that for a while now. Is turning into one of 'those' shares. Just end up churning over the same old ground all the time but never actually goes anywhere. Seen it before as well. Have to see what the next drill brings.
These 'glamorous' headline rises are all well and good but compared from where the SP has tumbled from still amount to diddly squat. Need to recover loads of ground yet. Most LTH still well under water I would imagine. (If) they can pull of the seed sales and (If) they can increase CBD retail sales, then may be there is hope yet.
And not much point in awarding options that will never vest. 14p seems a long way off, so must be confident that the SP can be improved. May be just maybe the natural 'assets' are worth much more than we are thinking.
'The Tambak-1 well will appraise the central area of the Mako field and will evaluate the intra-Muda sandstone reservoir of the Mako field, which is prognosed at a depth of approximately 385 metres below sea level...…. The well will be plugged & abandoned at the end of the drilling programme.'
Is this the plan regardless of what they find? Are they just trying to establish the extent of the field? Got to be done I know, but it would have been nice to find something as well while they are at it!
Pretty good . OK sales of Zoetic CBD only 36k, but only 2 months worth in a limited number of outlets for a new unknown product ain't bad at all. Scale that up 10x or 50x or 100x and that would be a considerable income over a 12 month period.
Down we go! Back where we normally are. i.e on the fallers board. Seems our little bounce to 6p was nowt but a twatter fuelled ramp fest after all. NT's buying not steadied the boat. Better get him to buy loads more.
Re averaging down, some times think this is not such a good policy. After shares fall on bad news, even fake bad news, they never seem to recover to the original levels. So even if SXX funding sorted tomorrow, I bet they would not jump back to 10p area. Reason, I think MMs prefer low share prices...it is less exposure for them long or short, they therefore have no incentive to raise the Sp. How many times have you seen modest sells drop a price and wholesale buying barely budge the thing. I am afraid the 'market ' is a one sided affair largely stacked against the PI. I have lost a fair amount on AIM stocks, mostly because lost ground on share prices is so difficult to recover even with averaging down and months and years of patience. But GLA whatever you decide.
Down again. As per usual we fail to hold any gains however pitifully small. Swear this share spends 50 days a year heading down/going nowhere and 2 days a year heading slowly slowly up. Very tiresome. Must be lead weights attached. Almost had enough of it to be honest. May be time to move on. Plenty more fish in the sea as they say. BOD can't seem to give us 1 single fact/figure to hang on. All ifs, buts and may be's, ...nothing but vague hopes for the future.
Frankly chaps I don't think that squabbling or keep raking up the past is too helpful. Things are as they are. Got to give NT a chance. Only been in the job a week or two. Agree that communications could and should be better. (How are our crops/seeds etc doing for example rather than tweets about 'significant interest')
JJAL I think you said you average was in the 7s? Compared to some of us that is a pretty damn good average to have. I appreciate you have a big holding but to be honest if you stopped slanging of the (newish) company and anybody who is the least bit positive about it and are a bit patient, the sooner you might see breakeven or even some profit!