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Hi zebra, your maths are correct, but you are saying if the spread falls to 2.5% that's my point I would then agree with the MMS afterall they've got to make money, but when it stays at 12% it's a big difference from when selling or am I missing something here ? Good luck all.
Change of heart from an earlier post from myself, stating I'm out o here after results from rhum 3 regarding the slow process of the S.P. ....after looking at the balance sheet from the latest results with Eps , divi to be ongoing, no debt I'm hanging on in here for more rewards( already made £5000 profit around 2 years ago) averaging out here at a price of 1.25p after going back in I'm confident of being rewarded..... we all have hair brained anger moments now and again.
P.s . Good news about the jab being approved and good news for us investors.
QC, the rhum field is co- owned between the Iranian oil company & bp / serica the u.s. have trade sanctions against Iran, the u.s. have waived these sanctions for bp/ serica , hence the license has been granted so far, nothing to do with revenue.
Can't see ofac licence not being given, as the nutter trump has been eradicated, and Biden has said he would work with the Iranians or words to that effect.
Although I do agree with the "patience are wearing thin sentiment ", lots of opinions on why this s.p. is not gathering pace with the vaccine news and brent going up, I don't know the answer I'm hoping it's being held back as a deal or t.o. is imminent, wish I knew how these markets worked.
With the greta friendly mob in Ireland not keen on drilling offshore for gas, there not doing much about this peat burning nation.
Peat is more damaging for global warming than coal and I do believe it is used to make electricity and ofcourse domestic fires outwith the city's, yet it's not committed to phasing out until 2028...I think prd have an eco friendly commitment for Ireland.
11% spread is not acceptable, just a rip off.
Wouldn't top up here at that spread, imo this will drop down to sub 3 until the lottery of a drill success....still a good run company, no debt, a few good irons in the fire .....certainly worth a gamble.
Getting sick of this, up to 115 and down to 109 by end of day.
Agree with bloke think I'll hold to rhum 3 drill, if not a substantial uplift in the s.p. I'm out o here.
Also puzzled why directors haven't bought more shares...not a positive sign for me.