We would love to hear your thoughts about our site and services, please take our survey here.
Correction, barnetpeter, you only lose all your money if the price goes to zero !!! which I extremely doubt ! Very alarmist posting imo , The newby posters will disappear as soon as they arrived after they have sold and leave it to the rest of us to make our well-deserved money ! gla holders and not the others !
Seen it many a time over over the last 50 odd years. When panic buying sets in people forget all about the fundamentals and grab the shares when they can and at any price . Remember Polly Peck going from 8p to £36 a share - Asil Nadir was it ? All he did from memory was import oranges from Turkey wasn’t it or something like that ? Also Poseidon in the late 1960’s went to £140 a share !! A certain “titled “customer of ours at the Bank in Tewkesbury sold 10000 of them earlier at £80 a share and was livid !! She reckoned she had just lost £600k not sold them for £800k so anything can happen at certain times . In the late 60’s those of us will recall you could buy 200 4-bed detached houses for £800K !
Https://www.riotimesonline.com/angolas-sonangol-reboots-oil-exploration-in-cuanza-basin/
12th January2024
"Results from the well indicate a substantial presence of oil across most of the reservoir, greatly enhancing the Tobias field's potential."