@ Beerbull - what on earth makes you think I am making a like for like comparison of the two companies? lol All I am saying is Bahama Petroleum has a better chance of surging 6-7 times it currents share price then PMO. Fact.
It will but oil prices will need to go back to May levels and in this current market price of oil aren't going up easily. We've had two days were this share price have gone up small amounts which is very unusual so I would be surprised if it continues my best bet is a drop to 75p tomorrow on opening with a similar close maybe around 74p. Not sure how much you have invested here but be careful this isn't a stable company and SP is heavily manipulated. Check out Bahama petroleum if you look to but them around 1.60 mark and hold tight they are in talks of a farm out deal with major oil companies for the extraction of oil in the Caribbean. They own 4 or 5 licences with proven oils in the millions of barrels. Any announcement will send the price up to 7,8 or 9p. Better odds then this company for sure. Also check out filtronics a telecoms company owning e bands for the deployment of 5g In a wireless microwave form. Best of luck.
Well significantly more buys today in larger amounts compared to other days. Perhaps not loads more buys from an overall sense. But are you really ignoring the £28,750 buy and the two £17,000 and the £16,000 buys?
Wow, Lot's of buys coming in on a company that is yet to make any net profit. Brave people.
Only positive is this is currently at it's lowest now. So is it likely to drop significantly further? Company is in big debt and isn't making any profit in the last 5 years at least. this often results in massive fluctuations in share price once they start getting revenue again.
For experienced traders this could allow them to make a quick buck day trading.
Slightly kicking myself now I had my eye on this for sometime even posted a couple of interesting articles relating to this company. was waiting for a sub 6p to start buying. Came very close in my calculations.
I won't buy now as a general rule I never buy on sudden market sentiment driven share prices as from experience they can drop down in a heart beat. 5-6p is a comfortable purchase price for this company with ,more odds of it increasing above that then further dropping.
It's all about reducing the risk of financial loss.
Did anyone get a chance to watch the conference call early in the month following the 'more data required' outcome. I missed the chance to watch it and would like more detail about what was discussed and if there was any indication of timeframes for when clarity will be provided. Are we now waiting for FDA again? Or do we need to be doing anything?
I take this Article as both good and bad. Good being the practical use of Microwave wireless 5g and in particular the need for E bands but bad as I see competition for Anthenas to facilitate the backhaul for 5g
@dkok - Hahahahahaahahahahaaha thanks for your post you have made me laugh greatly. I am laughing alongside Elvis because as you know he never did die, you an Elvis fan? lol
If we are very lucky we may get to £1 again in December. The future outlook is so exciting I can't contain myself. Oh but that won't be before lots of fluctuations controlled by everything but oil prices.
Not sure how much longer I can accept being used as a pawn by the BOD in order for them to leverage their debt in this manipulated corrupt company. I should have just cashed out at 100p. Ive now got a long long wait before it will reach that level again.
They just toy with us here, give us a lil hope then take it all away.
TrekMadone - What makes you think that just curious? the momentum on this share can change at the blink of an eye. All it takes is a few green days and back to the 2's and this short dead standby period we have will easily be forgotten about and suddenly the prospect of a deal being announced won't seem so ludicrous.
I guess it's next to impossible to know what is happening behind the scenes and what the future outlook looks like for BPC but agreed if it drops any further it is defo a buying opportunity. 1.10 seems to be the cap.