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An overreaction here but I was expecting it from looking at the chart but I'm now expecting a test of 270 ish over next couple of weeks.
As this second wave of covid eases with help from vaccines and lockdown ends this stock will be back well into the £6 area towards the end of this year .
They have a very healthy order book on shipbuild and ship refits mod contracts.
I have no fear of holding this for the recovery.
Could see this breaking under £2 .
Chart is horrendous.
There is something missing here I just cant fathom out. I sold out for this reason . There is no real interest in uog . Sure you get traders taking 10 or 15 % but when you look at others doing so well.
Is this the place to be?
Although this negotiation has went on a bit longer than I thought but not surprising considering what is involved.
I just have a quick question for the more experienced on here.
What share price can you or even we expect if it is a 100% takeover?
Thanks in advance.
Possibly a retest of the 218 area .
I am more interested in why there is an effort to keep the price down.
That usually means one thing . When you least expect it this will rerate. Do not be bullied out of your shares.
Levi for as much as I don't like to admit it you make valid points .
I might have made a mistake getting in here as if this even gets close to 3p again there might be a long queue of people selling out .
I need to have a good think about this one again.
I have not been doing this long and still learning but this investment does make me feel uneasy .
I have seen all this before .
There is far too much noise with negativity turning up.
I am going to stick my neck out and predict that the results are going to be spectacular.
I'm holding for the bags .
I have bought in. A 30 mill mcap I'm aiming for which is close to 10 X the price at the moment.
Exciting
I have started buying in here and the more I look at at it the more and more I like it..Egypt looks really good and looks like they will find a lot more success with all the drills lined up but Jamaica is going to blow the doors off. The more I look at it the more I think this looks a certain mid cap oiler .
I will keep adding over next few weeks .
Not looked at this for a while .
I would say this is now looking way undervalued .
Is it just boredom that people have been selling?
I need to have a good look at this one.
That 1.4 million sell is not smart money moving in Troyboy.
The market likes certainty and this deal is not done yet and could easily not go ahead or take a lot longer .
It did take about 6 months to get to this stage and the deal was imminent.
Just a thought .
Someone said?
The market makers will move further down on further selling .
That's how it works.
You seem very confident that the balance sheet will move the share price.
But will it be as good as you think ?
I am not so sure now.
In my opinion only I believe Rockhopper being partners in Egypt had a pretty good idea what that will look like.
Now if you were in their position having all them 'golden tickets' why on Earth would you not hold onto them if you knew that the results were going to blow the doors off?
So why sell the lot for 2.6p?
Broker targets are always pie in the sky.
You only need a months experience on aim to realise that.
As far as the new spivs that have arrived here that took RKHs holding I don't think they will have very sticky hands on them and will flip.
I see that as a huge favour done for Rockhopper as they were desperate to sell .Not as a favour for holders.