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Thanks HfB.
Something I've been wondering about: Do you know what sort of volumes might be possible on Toronto Stock Exchange once we consolidate and the half cent increment is no longer a barrier to PI's buying in?
Urgh.
I'm sceptical. The market has consistently shown its immunity to good news and strong fundamentals. It might just be a case of one more straw needed to break the camel's back, but I suspect we aren't going to get the long-prophesied re-rate until we consolidate.
Good luck all...
I’ve been worried about that for a while, SM. Re shaa’s latest post, I think selling out to Exxon for a measly double the existing share price would be a brutal steal.
I’m confident of a ten-bagger here by year end if Art is allowed to finish the play.
Yeah, the market is still jittery about our ability to continue servicing the debt. We need a quiet winter with steady increase in production quarter on quarter. Some good news from Nigeria wouldn’t hurt either.
The HSBC analyst must have balls of steel… AND a silver tongue LOL
Stebol - I coudn't agree more, mate.
I have to admit that I thought that the SP would open higher - well over 1p. And I hoped that the SP would fly from there, but there is a clear and obvious reason why it hasn't. Hadron and others whose investment strategy is short-term profit-taking have a huge number of shares that they want to sell NOW. That's their business model, and good luck to them.
It alters nothing. Art and his team have pulled a blinder with the acquisition and early indications are that they are running the atomic assets very well. The fundamentals haven't changed, and are strong. All the indicators are positive, and the share price will start to appreciate once the glut of cheap shares is gone.
Chill, everyone!!
Good point, Guerrilla.
With oil stocks, geopolitics is always the great unknown. I don’t see the oil price shooting up on what’s happening or might happen in Afghanistan though. I’d be more concerned about Iran and the straits of Hormuz…