The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
SS could surely convert a portion of his options to show confidence, however, the case is he is not prepared to do that, which then begs the question; why? If indeed there are billions of barrels there, as regards him buying at these prices, if he won’t buy at .4 , his options price, why will he pay 1.1 , at the moment this is very high risk.imo
With the salary SS is on why does he not have any skin in the game , especially if he believes what he wants others to believe, 30% drop will take this to around .75, that would be a decent buying opportunity, maybe by Tuesday/ wednesday .
The behaviour this share does not say that a takeover is coming.
I don't think for a minute that any raise is required currently or that any raise will happen , that is destitute's specialist subject. We are in a very strong position at the moment ,ie. on the cusp of becoming a producer with good revenues coming in. I was only responding to a comment about a raise, and perhaps ukog wasn't a good example, used them as its just happened there. The point I was trying to make was that bearing in mind the position we are in ,and the fact that all planned work for this year is fully funded, that if the situation arose at some time in the future , being a producer and revenue earning , we would be hundreds of % up from the current price before they would need to raise. And once we are producing there will be more attractive funding options to us without diluting current share holders. I believe that news is not far away , there has been some very good buying this week and news is due on several fronts, MMs generally before we do , and they will often drop the sp , to scare weak holders into selling , in order to collect cheap shares, which is what I believe has been going on. Not long to wait now , and hopefully patience will pay off when we see multiples of current sp and MCap, GL.
Fully funded For all planned work in 2018, if there was any reason/ plans for a placing, they would do what ukog has just done, release big news first, have a 100%+ rise and then have a raise, there has been some big buys this week, we should have lift off very soon. Becoming a producer in the next couple of months, revenues coming in, excellent flow rates, what is there not to like. Very strong buy imo.
On halifax , won’t give a live price.
Very likely.
I totally agree with that , there will be many ups and downs, and placings and shananigans for this stock in the coming days, weeks, months, which is why I say , let it settle , wait a few days, there's a good chance there will be more buying opportunities sub 1, invariably the sp retraces to the placing price in most cases, therefore .9 should be a good buying opportunity.imo.
some nice big buys this week,, as I have have said before I believe that this is massively undervalued, we have two discoveries , and very good , better than expected flow rates, independently verified. We should be going into production and bringing in very good revenues any time in the next couple of months , and a measly MCap of 5m. This will re-rate massively imo , in the very near future , as news is due on several fronts, I really do believe we will be having 100% days of our own very soon.