RE: Eternal suspense.19 Jul 2023 14:36
I posted about 5.5/6p to buy,which is where it is now,so I'm 30% up from my sale at 7.25.ive cautiously invested back half to lock in that 30% profit which I plan to convert to shares.my reason for being cautious is that it's a new well,don't know flow rates,and it's very hot in italy.so I await an rns to give me more knowledge.as for drilling new wells thats going to be 2024.so hopefully the income will pay for that.the historical lows was 3.25,that was before the buying of the extra 20%.so today we are sitting with the taps turned on at a higher price of5.5 to sell that represents about 70% higher.so the question is,is it ok to buy at 70% higher for 10 years of income,if you go long then you win,as long as the well is ok.