RE: Buys and Sells24 Feb 2015 13:34
Good for you kennyboy. I was thinking the 100k trade this morning was a buy and not a sell. You can never be sure with AIM stock mind. Good to have to confirmed.
I hope you're right with your own thinking.
I would caution though that we've been reasonably expecting similar in several of the previous years. And all we've ended up with is confirmation that they are greatly encouraged by results and are consequently planning a follow-up drilling programme in 'x' years time. Don't take my word for it. Read the RNSs that usually get published at this time of year. From about 2009 time when they were talking bullishly of fast-tracking one project to production. Listen to the interviews Prickett usually gives at this time of year. There's a familiar theme to them. Year in & year out.
Maybe, just maybe, this will be the first time they actually deliver something substantial & concrete that has a direct impact on the share price performance. The record books will prove that the opposite has always happened. A positive sounding RNS is always but always followed by the share price heading south. Always. And I've lost count of the number of times.
At this extremely low entry point I'm sure there's a good profit for you to be had. Not so sure about those who invested many years back in the 15-18p range. They need an acquisition offer. And I'm not sure there's going to be a queue of prospective purchasers lining up to make an offer for LND. But hope I'm wrong.