Peaked .27 on the buy on Friday (HL) gradual rise would be nice, don’t want another pump, would be lovely to break .3 and hold before any RNS release. With postive RNS (I know..) that would punch us .45+
I personally can’t see an issue of shares coming, can you? I would love to see some off-take agreements in place with some big names, we can only imagine some serious players are sniffing PREMS undergarments - if only we knew WHO!
Always said people were crazy selling this below .2 - - just bananas. I bought a tranche at .37 and seeing a 57% drop isn’t what dreams are made of but we live for those 2/3/400% gains in the longer term!
Couldn’t agree more SK. 21/22 has HUGE upside potential compared to its limited downside at present. Lots of rumours and ‘hints’ floating around the web but I am not sure I will get on board with that just yet with VW/Northvolt etc - but if it was true your talking about a serious gear change for PREM inbound.
I am genuinely excited for this company I just hope they make the right decisions and take full advantage of the current star alignment to unlock the true potential of this company - although as I always say exploration/mining shares are not for the faint hearted but can reap rewards you just won’t find on the FTSE.
Realism, it’s not about the fundamentals of investing, we are all here to make money, buy low sell high etc it’s the blatant lies, misinformation and pure bullshte that gets on my tets. Some people may believe your ‘10p tomorrow’ ‘boom’ comments and put there bloody pay check on it for you to skin them alive. Be true to yourself and have some morals, you can earn very good money without being a total tool creating meaningless ramping humdrum - enjoy the milk money :)
Currently averaging down, which I hate doing as it goes against my traditional investing ethos, but for PREM it’s the best strategy going between now and whenever the next action is, I think we have broken the back of .2, let’s hope this stays stable till Friday, the next resistance will be .25 (I would like to say by COP next week..)
Prem is going north this FY whether people like it or not, the fundamental underpinning assets of this company mean it has no place where it was 6 months ago. This summer will be a ride, a good one, whether people want to join or not is down to doing DD and own research; never jump into a share with little understanding, don’t listen to the noise of rampers and derampers trying to flip pennies to pay for the days milk - ride the waves, and manage your risk appetite accordingly. Gla for a fantastic apr-apr!!
If you are a newbie or have no clue about oil exploration I suggest watching license to drill on amazon prime, hard effing work, easy for us to sit here picking our backsides but the work at the rigs is not to be underestimated. They will be back and I am sure they will strike next time around.