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Happy to keep adding at levels I like and trade some, nip n tuck along way.
Results were what you would expect when mcap so low.
By the time the majority âlikeâ the results very much doubt you will be able to buy much below ÂŁ1
Strong recovery potential imo
Further to my previous comments âscrew Barclays analystsâ
I re-iterate that.
Everyone knew Petrofac was petrof@cked for at least 3-6 months but Barclays analysts have only just cut price target from 80p to 10p.
Woeful analysis, Enough said!
The time implications and knock on effects are not understood by some imo.
The same type of people that try and apply buffet quotes about patience to cash burners.
Time is money when dilution is involved and that applies to most of AIM explorers
V Good post Chicken imo and very much your prerogative to take a forward looking view weighed against a low mcap and decent asset. SP can recover in better circumstances going forward, all for a balanced view and hope it does.
But the CEO should be on his last chance and prob would have been gone if the votes from AIM werenât refused.
CEO should be on his last chance and paddling like crazy to hurry things up and protect budget so that any drilling will boost SP.
Even the bulls whose views I respect must know this
The Uk market is a sad state of affairs overall right now as is the fact the Uk seen as a basket case for investing by many.
Even UK pension funds had to face lobbying to persuade them to invest in UK equities.
I saw a doc on bbc called Inside story about the UK market in the 1970âs. Even back then the markets raised 600 million for new issues in 6 months.
Whats the UK market had in last 12 months?, crappy floats like CAB which was valued at a billion on wafer thin FX margins and it tanked as expected while the good stuff like ARM opted not to re-list in London.
Sad state of overall affairs.
Even a heads up to market on drilling schedule would get some much needed volume imo Bob.
Approval was given to sell producing asset to explore months ago.
Would some exploratory plans be too much to ask?
Iâm bored already, canât imagine how most of you guys must feel.
Took opposite view and cut a quick loss 20 odd %.
Did not like the after hours rns and the diminished net proceeds. Saw the risk had changed.
SP might still do something but the chance of zero went up too high for me.
Good luck all, still hope you get paid.
Cheers Seingred - Iâm just glad to be out and tbh I think this will test high 2âs low 3âs and even then Iâll stay clear.
I mentioned Kod earlier back in Jan and itâs doing me v v nicely, s4 cap, etc well rewarded elsewhere and just taking 20% loss on Omi as the price to pay to have these cowboys out of my daily thinking and get my cash into safer havens.
I have respect for most peoples views and their money their choice but too many of these boards asset blinded and ignoring equally important factors such as management and fairy tale narratives.
Decent assets with p@ss poor management wonât usually end well.
Agree gold on a bull run, agree Omi might go back to 10p one day but much better alternative risk to buy out there in my opinion, my money my choice.
I post my ideas and levels , do ok, head screwed firmly on thanks.
Good luck Bhar, Chicken, Seingred, Dr R, impy, sianhan and anyone else thatâs been through the mill. Many decent folk here, unlike bod imho.
I didnât always agree with Bhargav but always valued his contribution and feel he is right to constantly change his stance in line with bod constantly serving up disappointment. Logical to me.
The only thing Bod deliver on time is when the wages are airlifted in at end of each month.
Hope to see you all doing well here or on other stocks but Iâm a happy man not having a single cent under Brads responsibly for too many reasons to mention.
Bwad really better pull his finger out for you all as time really is money for an explorer burning few hundred k every couple months.
I would have just minded my own business but the treatment of Bhargav stunk of everyone jumping on bandwagon while old Mr let down Bwad was getting credit for doing absolute minimum and showing a willingness to dilute at any cost.