a short wait till 2/8 for production info and news of orion.
doesn't look good, 961/965 presently.
Apologies, not Pisky at all I'm sure!
You may get your wish! Spread is 4/4.5 yet I was just quoted 4.07p to buy. I don't think this spread will last long!
unexpectedly good results in. Although T.O. down the streamlining has maintained profits. PBT 4.7 m. MC only about 18. so this should be an attractive buy.
4.27 302/305
16.16 296/298
lol, yes, you have it well covered, it could go up, down, or stay the same!!! I suppose you were saying you expect volatility, which would be a experienced guess!
don't rush in here. There's likely to be better and safer opportunities later. This is high risk. Sentiment can take this well down. Govt policy on pricing can favour you then turn and bite too.
Well I didn't get it right. Should have kept gpx another day or so!. The ratio may be due a change depending on how the other parts of each portfolio are doing. Gpx has speculation on the Iraq gas. I noticed the anomoly and figured the difference had become too great and this would cause volatility in gpx, so I changed to een to remain in the khe drilling , also expecting either een to go up or more likely gpx to go down. I am no share expert. I will just watch and wait for the balance between them to settle, which has a way to go yet. As always these speculative shares are a risk balancing exercise. I usually buy early and sell as news of a drill aproaches because usually the drill fails. I don't make as much when they do find oil, but I make a profit much more often. This find is much more promising with a higher than usual chance of success so I am breaking with my tradition. I believe the balance of risk favours een over gpx at present. In a few days or weeks I may change back and get my gpx back with a profit. I may not change back at all. But thats my theory anyway. These things have a nasty habit of turning up surprises. Don't follow anything I do or suggest without doing your own checks and research. I might well have it wrong. Good luck.
After the poor results with greatly increased losses came a brief downturn, but then the prospect of flowing gas from calvin 36 in the apparently near future has driven it back up. I think there should be significant upside here shortly.
I swapped to these yesterday from my previously favoured GPX. My reasoning was that they have a share issue ratio of 1.71. Measuring the last 12 months of graphs the ratio at peak was 1.83, at trough 1.84 and rough average inbetween 1.86. Thus a pattern can be seen maintaining this approximate ratio. Yesterday GPX took off due to considerable investment. THis altere the ratio to 1.36 causing an anomoly which in the past has always been rectified. Just my luck that it won't happen this time!!! But I swapped nevertheless.
This doesn't sound good for liqidity. How will this help small shareholders as they claim?
The only real decent news will be the service contract. More like 200% plus!~ All ifs and buts. Remains speculative buy. At this sp I would think the present assets more than cover it, however.
Currently 44/45. I don't have this facility so don't know volumes. They appear to be small compared to the fall in sp. If so, maybe this is a buy. Not much progress on coal and they are seeking to divest it to finance the development of gsec101. The service contract they say is promising. Of course this stratagy announced before the contract is awarded appears very speculative. I hope they mean they will sell the coal property should the contract be awarded. Since news is expected sooner rather than later and the economic info they gave is meant to reassure us of the desire of the gov't to encourage development I think the chronological events are going to be that way. The lack of progress though doesn't compare well just after chl. I am happy to hold.
this is still a speculative buy. If service cont approved will fly
8am. Not as much progress on the coal front as hoped, but this looks like being sacrificed to concentrare on getting the service contract for the gas. Money to last till 09, and the application for service cont. received positive vibes and hopes for announcement fairly soon.
there must be a lot of negative underlying sentiment for all the recent good news to result in a fall. Unless there something in the pipeline( excuse pun) we don't know about we will see a turn around as revenues begin to flow. patience again I'm afraid.
results maybe round the corner
for post of 29 mar. Just glanced back, must have had cen on my mind that day too. Correction CaReS products. How similar is that!