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JB UKOG are setting about proving the oil can be brought to the surface in a profitable way - thats the gamble. They are doing this work right now and it takes time. If the results are good the sp will rocket, if they are not it will probably fall - so you only invest what you can afford to lose and hope for the best.
Only a fool would see a share like this as having no risk - but yuo have to be in it to win it etc. The volatility is almost certainly down to impatient traders who can't really afford to be here etc panicking because they don't get a positive RNS every day. Nothing has changed - actually from what people say about the pump etc its sounds pretty good to me.
Aim shares do that all the time for no meaningful reason - its the nature of small cap companies in this type of position with a lot of attention and traders. The volume is relatively small compare to, say a ftse 250. People here silly unfounded rumours and panic, then there's a positive Tweet and people buy back in etc. Honestly I don't think I have ever seen an Aim share in this type of position not behave like this to some extent
Its not in free fall JB its going back up, 1.85 just paid
The trouble is when good news comes with a share like this it spikes so fast it can be difficult to get in at a good price. I will never forget when I bought so Zibao shares some time last year I think - they doubled in about 20 minutes I think it was. And that share didn't have anything like the number of watchers and volume potential this one has. There are so many example of that
I would pay good money to go on a roller coaster its just as much fun here lol
Me too Cluster its all very exciting, just brought my average down to 1.9
I agree it took me several attempts to get a quote to buy this morning, however sell quotes worked every time
Just brought my average down to 10.8 with a small buy, very pleased with that I feel quite confident this will rebound before too long
Profit making company operating in a environment of rising commodity prices and with significant cash in the bank. Looks good to me certainly by AIM standards.
I think profits will surprise on the upside as the pound continues to gather strength against the dollar making Card's US imports cheaper. All retailers will be affected to some extent or other by the minimum wage so in that sense its a level playing field. If inflation continues on an upward path consumers will be attracted to discount stores (as Card effectively is) as they always are when that happens. So my money is on this share rising in value. Add the standard divi and possible special divi to that and the returns could be very good indeed.
If I had a short on this one I think I would be getting anxious to close it about nowish !
2 director purchases
I'm looking forward to the shorts closing on this one
Spreadex it says, 3.51 %
Brought on by just 5 tiny value trades - its amazing how this moves on the slightest volume
it was a common occurrence to get wildly different prices for BNR when requesting quotes just seconds apart. I am guessing that was because the quotes came from the different brokers. It certainly did feel as if one of the brokers was holding the price down very significantly and competing with another broker. Perhaps this kind of nonsense will stop now which has to be a good thing
on ASX last night
They may have put pressure on him to leave because he's a pain in the backside, none of us know, I bet none of the theories on this BB will be right. Maybe he's decided to become a monk and drag boulders around with his balls instead lol
Or maybe MP leaving is good news - he may have been stifling the good ideas of the new younger guy for example, who knows