Watch LIVE the focusIR May Investor webinar with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund here.
Something occurred to me about AM's disclosure on the Discovery before the cuda bid deadline. How about this. Do you think the receivers may have been unhappy with his secrecy as it was price sensitive to the sale especially as he was after it. Maybe as a prerequisite of having his bid accepted he had to disclose any relevant information. This is the only explanation l can think of.
The positive to take from a tweet such as this and from possible Russian sanctions etc is the chance that oil stocks might now become more favourable to own. I believe that the unpopularity of oil has impacted oil shares in recent years. This may now change which could make a massive difference to us.
Who remembers I think tower resources when the ceo said they could virtually see the oil glowing in the dark. Needless to say it was a duster. It's a BIG mistake to hold for results on these rubbish companies. You can always buy in after. I mean look at this you can buy in here at a lower price than before a discovery. Absolutely ridiculous