Latest exxon discovery in namibia maybe the reason for buyers getting in now. GBP getting more and more strong with discoveries around the licence area. Namibia is heating up and licence holders around there will benefit with it. GBP TRP!!!
nic good post mate. re: shorters, smart shorters started closing their shorts long ago and once they go below 0.5% their is no trcking for their shorts. but as they were smart(started closing at right time) might have closed it around 2p area where sp was sitting longer. cine debt restructuring was in media last week and once deal is signed, it will make this go ballistic imo. only people are worried right now is those two shoerters and their pals (sitting and posting negative on bb). and of course, buys are loads and loads more than sell,because it is printing in red colours and hence the sp has risen today!
There are only two shorters on register now. Most of the shorts have closed. TFG and new holland assets management are left with missing opportunity to close the short while it was low below 2p. No wonder some of their employees are trying hard to keep it low. They might have last chance to close it today,imo. :)) :)) bigger losses for shorters with news of debt restructuring! Or asset sell! Dyor news is on route.
charts looking good here. double bottom and bounce is expected. to change the previous pattern,next leg should be extended above 6p imo. not straight away,but it looks like things are turning around and golden cross is forming..... hold tight. dyor.
RE: Contract is in the bag!! (£900m)3 Nov 2022 07:34
Preferred bidder will be announced this month and contract announcement will be in January. So get ready for the fireworks when the contract lands. Many will be taking positions in anticipation. Some exciting times ahead. GLA
They got good profit margin,not just 5%. But yeah, even with 500mil share for HARL, profit will be in 100mil plus. And sp need to go much much higher. £1? Maybe not,but multibagger here,clearly,imo.
Thinks are going in the right direction now. Recent news about BKM project power solution was another milestone achieved. And without knowing about finance deal,company would not have gone in that direction. Talks were in advance stage about financing,and with news of financing,this will be be rocketing! Imo.
what rumour? is anything around? or a bounce from strong support level? this supporrt level has been hold for years, and again bounced off that level. right now in oversold territory and expecting a decent bounce from here. and that is the reason people are buying me think.