RE: Sells16 Sep 2020 20:14
Not that anyone cares about what I think, but this is how I see it(I don't have the monopoly on this though).
We can all see on short tracker that they are starting to close their shorts on Hur. To do so effectively, and assuming no more some funds are buying in to average down like they did (a risk to shorters), the closing of the shorts, as far as maximising their profits on the short goes, it must be done slowly so they get Tom, Dick and Harry to sell their holdings at current prices. The more they wait (assuming we don't get further major buys coming) the more they will milk it from small investors, so they will try to prolong the stay at around 3p.
The MM may even dump a few shares to create distress and deflate the sp. They will try to shake us down. I am certain I would be ****ed off by the buying of an extra 2% of all shares shown in the last RNS. Just place yourselves in the shoes of the shorters right now. You made a tidy profit of 100%, and now you need to return the shares, but if you try to buy them all at once your profit will be greatly reduced, right? So, I would bore the lot of you with a prolonged sp of below 3p. Now and then I will encourage some to sell afer a 10% climb (for those lucky one who bought lower). Then, I would drop the price again and carry on doing that. Some will buy when it goes up to 3.1p and then see it drop to 2.7p and feel disheartened and possibly even sell.
I would do that for as long as it takes whilst gathering more shares to fill the short closure request.
I am sure I am not telling you all anything you already don't know. They are doing that with my wife's shares in CINE. What I know is that HUR has an estimate amount of oil in the ground with a respective value in dollars per each barrel. Plus, we have another oil fields to be explored in our assets. We have the structure in place and a buyer for the oil and we are producing. Sure we have debt but as log as we are producing we can pay it. And the economy will rebound as a new generation of 10 min DYI rapid saliva tests will arrive in October, not to mention the at least 1 of the 9 vaccines at least will be successful, say mid next year. With this combination what do you think this share is worth? 3p?
I know two things for certain, I would never have thought I would see HUR at 3p with what they have, and I am certainly not Tom, Dick or Harry!
Stay safe people
ST