Great chance to get average down25 Apr 2020 11:31
I am looking at this period as a great opportunity to average down. Bought some more at an unbelievably cheap 1.7 on Thursday and now hold over 500k at just under 5p average (sadly I bought a lot in the 5s and low 6s in November and December. I am also hopeful that recent conversion from arato was a sweetener to appease the covid delay on Morocco drill so I guess I now own aroun 0.25% of the company. The murmurings about our CO2 operations in Trinidad seem positive and will be profitable at $20 wti and 50% greener than conventional drilling, and of course we have the Irish assets I know some have invested just for that. This Morocco project for Gas is also a promising project. To me it’s a screaming buy at 2p or below and just wish I had more funds to average down below placing price. I am very envious of traders of new investors getting in at these artificially low prices due to covid crisis and arato selling their cln conversion. Just wish Paul had done a placing at say 8p two years ago when the sp was at 10/12p rather then this damaging cln, but I am sure even Paul did not envisage that the sp and market cap would be so low. So finger ls crossed that was the last conversion from arato to sweeten the deal as we wait for covid situation to stabilise and get that drill head turning in Morocco