The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Well I stated I couldn't call the bottom and yes I still wouldn't be surprised if it came to the 60s given the uncertainty. Its a high risk high reward play on my eyes. I'm just being honest. As I've been waiting on the sidelines since the drop from 130p
I know people will get annoyed, but you can't slate me for getting my predictions right. I said 80s was coming and here we are looks like we will get there today. Now if I'm honest i don't know if it will fall any lower... But the truth is... Given the uncertainty the bottom could be anywhere... Wouldn't surprise me if it came to the 60s shortly soon.
I got slated a few days ago for giving fair advice that this would drop below a quid. I like many others am waiting for to find the bottom. Finding the bottom is very difficult but I still suspect there's a bit of way to go... Its like a falling knife at the moment. I personally am predicting the 70s that's what I'm targeting as an entry point. But there's definitely more way to go in terms of a drop. Seen this so many times with shares... Gk to ridiculously low levels due to poor market sentiment.
Well so far I am appearing correct as it slides towards £1. I'm just being honest with people on the position I'm taking. I believe the company is a quality one and will rebound however due to the panic it will drop below £1 mark my words. You are the one who seems to know zilch about the markets as this is a very common occurency on bad news. The markets react to sentiment and right about now the sentiment is not great. So this will definitely come below £1,maybe 90p or 80p even... Its very difficult to call the bottom. But what I do believe is that this company will rebound eventually once the problems are sorted. Even though that may take a while. I'm sitting on the sidelines for now and waiting to get in under a quid.
Don't know whether I should dip my fingers in this drop. Don't want to get burnt or catch a falling knife lol.
Does anyone know why this is not following other oilies rising? How much do they produce and have they hedged their prices long term or something? Even so just general market sentiment should see it rise slightly unless there is something rotten going on... Either way I have topped up at these prices.
This is one of those once in a while opportunities. Sure they have their debt issues but with oil prices pushing higher this can rerate towards £1 and over. Just remember stocks like fxpo when they hit 12p and rerated massively when commodity prices improved. In my opinion its a strong buy.
What's the latest with this company? What are their targets at tge moment? Have not kept up to date with this since its fall from its heights of 10p...what does the future hokd for thus company? Is there any hope for this to rise for long termers again?