Positive + Negative + Positive = Positive9 Mar 2020 10:23
Well i have been waiting for sub 3p to top up my holding here! Its not showing but managed to get 2.58p and topped up my overall holding by 15%.
RNS
From the RNS i take a great positive in the fact that i believe a farm in will almost certainly be agreed and signed in the coming weeks. I see this as the only reason to extend the CLN, and not tie ourselves into it just yet, with the opportunity to reduce it by 50%. Also as stated by BOD why withdraw funds from it now when not needed.
The negative i take is the fact that the farm in price will now be significantly reduced due to the current market price of crude oil. Compared to what it previously was. All though it quite easily bounce back with a break on COVID-19 and a break in saudi/russia argy bargy.
Albeit no matter what the current oil price an announcement of a farm in, will significantly boost the price of this share from its current levels.
This share is still an absolute steal at this price.
I have full faith in the BOD and will continue to be a LTH.
GLA x