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PMO is a long way away from TLW - At one point last year TLW had hit rock bottom in relation to PMO but i believe they will get back to pre-covid sp level sooner. Good opportunity
All other oil stocks are up except PMO. It will be Xmas until this is 40p.
What has caused the drop???
I agree with Goggins - going nowhere near 30p
I bloody hope soo. Currently averaging 45p :(
@Lawrence - I eat my hat when it comes to ARB - but i was not alone with the view that BTC price would fall in the short term which would inevitably drag ARB ( which did happen but not to the extent I predicted). It is in the tea leaves that BTC will rise in the years to come.
Coming back to BMN, its not as volatile as BTC. I did say that it would hit mid to low 20s before a pull back to the teens and surprise surprise look where we are. I really want BMN to do well.. however the fact that there is radio silence for so long around the Eskom tender doesn't fill me with confidence in the short term. :(
I agree the sp will need to be north of 900p for most of the shareholders to sell up. However, if shareholders dont respond to the corporate action in regards to the recent 780p offer , some brokers default position is to agree. Please make sure your decision and voice is heard!