The week ahead...27 Jan 2024 18:58
Wow... for a Saturday this is the most posts I've ever seen on this board, even when UKOG was being hyped I don't recall nearly 300 posts on a weekend day.
Even if there's 20 repeats from Neil... (dude calm down a little)
Looking to the week ahead I think that there's going to be a lot more trading continuing, with over 4bn shares traded over the last 2 days it's clear the placing shares are cleared now.
I'd expect the MMs to drop the price when they can and try to trigger stop losses, but the interest level and speculation is strong here, and with most people's pay days being Friday or this week it will be interesting to see if the buying confidence continues.
A lot of people here are either long term and need a big gain still, or have recently joined and are likely to top slice (myself included, I sliced some at 0.56, about 25% of my purchase).
Wish I hadn't sliced now tbh, but it was wise ... I think...
I wouldn't be surprised to see Monday and Tuesday continue strong and perhaps a drop off before news later in the week, depending on sentiment.
Off course it could just keep flying, that would be great.
But until the next RNS with more news on whether the find will be commercially viable it's still a risk here.
I am hopeful that this will come good and for that reason I'm holding on to what I have, unless it hits 2p before news when I will slice another 500k shares.
If there is a commercially viable find here, the SP will go wild for a bit and could be pumped over 5p, those on the sidelines will have missed it then.
But if it's not viable than it's better to slice when you can...
That's enough rambling...
Good luck holders and buyers.
I hope you all make your targets and bank some profit.
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