No. My stop loss triggered. I also had a look at their accounts which were pretty awful. SP looks high to me since AIM doesn't value oil in the ground.
On my watch list though
Confirmation of a drill in the Philippines should see this explode into life. Then the placing will come. ?
Sounds feasible but wtfdik. A placing at 2p would be wonderful !! Cochran would get more bang for his buck. Raise £10m?
If TRP strike I reckon get in TRP quick 10 p? and get out before 25 p or double your cash.
I am also watching WSX I think the sp could explode at some point soon if they get positive Cochran news. Easy double up.
Rose, more research needed.
Any other trading plans?
Deffo, at least one !
Well they are drilling for 1.45 billion barrels. I will keep on my watch list until they are ready to drill..;o))
Us next oh yes..;o)))) should be news soon. Next week?
Good spot RB ! I saw the RNS this morning but never read it...doh!
They look like they have proven oil reserves which is very good. They could get taken out, 5p broker rating too!
I hope once WSX start drilling the cash position will be insignificant in relation to the sp...;o)))
I think the 27m shares bought by HALO will become WSX's also but not sure.
965m shares and ~£3m cash = 0.31p
plus possible near term drill in Philippines with 112m barrels which could take WSX market cap to a pre-drill £50m-£100m? that's ~5p/sh
If he raises cash at 3p that would be OK for me !!!