sell at a loss or hold to see how plays out4 Dec 2020 12:36
So the main issue with this share now, and why there's so much negativity, is that 99.99% of "investors" were actually just hoping to make a bit from an "inevitable" rise in the lead up to drilling.
Unfortunately, and for a variety of reasons, including some of the companies own making (blatant nest feathering), there are lots of risk and uncertainty over whether the drill will proceed, and then if they will even find oil.
All of this means that any rise between now and the results of the exploration well (if it gets there) will be sold into.
Everyway you look at it this , there are very little catalysts left for a big rise so you're either in it for the long haul or not. I expect a further sell off by close of play and predict 2.3p
What a mess!