my musings....27 Jun 2020 08:02
Of course I could be wrong, but something smells. Last months production figures were crap, how do I know. Easy, they wont give them out. All oilies have had a nightmare, but they have still declared where they have had to, suddenly casp have moved the goalposts and you have to ask why. Try this.
What does any company need to function, money. How do you get it if you are an oily .easy, sell lots of oil at a good price. If you cant get the oil, and if the price is crap, then what?? Rights issue. What do you not want with a rights issue, low share price. What depresses the share price?, poor figures.
I am one of the lucky ones, I bought at over 3p and sold at just over 4p, always hoping of course for the heady 10p days, thank god I sold, I don’t think those day’s are anytime soon. I want to jump in for the dead cat bounce or play the spread, but where is the bottom….unless of course a5 comes good,which we know is imminent because they keep saying it is,again and again and again. If a rights issue comes, maybe down to 2p again, who knows, I will of course keep watching. gla..you’ll need it I think