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The pullback doesn't mean anything has changed. Typical of sentiment.
There are a few weeks until the MINMIDT approval should feel late. The paperwork was submitted 21st September with confirmation within 60 days.
Also shareholder approval may be given, but won't be reported until the MINMIDT paperwork, reading from the RNS.
"Completion of the farm-out is still subject to two conditions precedent: the financing contingency requiring Beluga's shareholders' approval, and the MINMIDT approval. The Company will notify the market when both conditions precedent have been met."
However, I think what has happened yesterday and today is that in the recent spike people made gains which they would rather not risk. Top slicing or exiting.
Not Monkey.
stope not trope
This is really interesting. It sounds from the Q&A like a placing is possible. I think the price could double shortly afterwards as the uncertainty will be gone and people position for the growth. 1 diluted trope now to 2-3 fully functioning in 6 months (end of 2021?)... and yet AIM is impatient. This will reward the patient well.
The argument that money invested is at an all time high means there has to be a crash doesn’t follow. The internet has allowed everyone to buy stock and most people are more concerned about beating inflation. I suppose it depends whether people get sick and sell all their shares to get bonds or something. Personally I’m not, if I have excess cash in the bank I’ll buy more shares.
Exactly. Coming out of winter, vaccines etc. The rise isn’t just BP’s and hopefully it will continue. If something brings a downturn, like a variant starts overtaking the vaccine, sell. I’d rather hold for 500 too, even if it takes a couple of years of receiving dividends. Will be painting my rusty BP can with fresh yellow and green paint at £3.50
Opec concur with the IEA and see demand picking up strongly in 2H 2021 after a poor 1Q and slow recovery in 2Q. Their numbers suggest consumption of 93.22m b/d in Q1with the full year number of 96.05m b/d up some 5.79m b/d y/y. As for supply they are quite bullish, 1Q has seen some modest increase in Russian production and the rest of Opec is in line with quotas and of course the KSA 1m b/d cuts continue through March.
Putting this together, Opec expect substantial stock draw in the second half of this year in line with both other reporting organisations. A bit like the Bank of England yesterday who reported worst ever GDP numbers but say the ‘tinderbox is waiting to be lit’ for significant growth later in the year.
No one really thinks Boohoo are less ethical. They’re reviewing practices that went under their radar. Sir Phillip on the other hand was knighted for his sweatshop clothes and I remember a lefty Labour Party member who raved about her primark bargains. It’s not good but Boohoo are no different, except they have better fashion sense.
Were you very surprised that ARCM resolved the legal proceedings, BP sweetened the deal, virus numbers dropped, airlines began booking for July, people began driving, manufacturing in China continued, and lockdowns continue to lighten?
You may be right, but you seem to be ignoring these facts. There will be outbreaks of the virus, but that’s expected. A second wave as after 1918 would be disastrous but it hasn’t happened yet.
People are impatient or don’t know what is in the making. I bought in during that first 70% rise in a day, then that rose 200%, and now I’m waiting for a 100% rise in short space if what the RTC is making works. But do you even know what that is, if you’re asking the question? I think a lot of people on here are buying in the hope they catch a quick rise and selling when someone says that a chart is negative and they understand very little - and that is why it fell today - because of you!
I agree to an extent - I’m with Danny and others on the longer term investment. The challenge is complex though. Do you let people off a ship to wander around crowded places as part of the cruise? That’s why I think they need the cash to last a year, and we need to hope a vaccine arises. Lots of companies are working on one. Not sure about BAT’s that can be grown in tobacco plants though!
Who are you trying to fool? Cruises are the worst place to be while this virus is still out there. People will either have to be vaccinated or immune to be allowed on cruises. Hopefully within a year.
Until a vaccine is developed, or we know that people have acquired immunity, how can cruises take place at all? Herd immunity is being slowed by isolation, which is a good thing. But that means the majority of people who might take cruises will not risk it. Carnival announced closure until May, but that’s only two months! I think at least six months - but could it be much longer?
Sorry I was making the obvious point that shares were available to everyone and as a private investor the only discount I expect to get is by buying in at a good time, and I think the price will rise further when permits and rig progress etc are announced.