So that investors know29 Aug 2020 16:01
The 65m sale at end of April was a cross trade (transfer of shares and. It a sell at a tenth of a penny). The market makers confirmed that it wasn’t a sell so the all time low remains at 0.57p .
The 65m trade was transferred to Damille Partners Limited and Bor was updated on the 30th May about the transaction.
We are coming near to the apex of a descending triangle which hopefully will be a bottom reversal breakout pattern.
Bor is a punt on the price of oil rising and if you believe that’s the case then you won’t get a better chance to buy than now (sub 1p) .
The market is pricing Bor totally wrong (£3.6m mkt cap is totally undervalued considering our asset is 465mb of condensate / light sweet crude).
This is taken from Damille Partners Limited website :-
Investment Philosophy:
Our investment philosophy emphasizes capital preservation. In short, we believe that the price at which a security is purchased is the most important factor in mitigating the risk of permanent loss of capital.
Furthermore, we believe that the discipline and patience to only invest in securities at a price which offers a sufficient discount to their realizable net asset value (what we term RNAV) offers the most appropriate framework to mitigate the risk of permanent loss of capital and thereby generate positive returns in any prevailing market environment.
IF the price of oil rises and BOR gets a farm in partner , buying at today’s price could prove to be one of the best investments you would ever make and I don’t say that lightly .
Of course you could loose the lot but that’s the same with any share .
ATB and DYOR
Sign In
Follow the stocks
