Member Info for NOTAFUNNYBONE

Ivanabeetu by selling all my holding I can reinvest in something else (COVID hit stock) that may have give me more chance of recovering losses made with pmo or hbr whilst holding on will not do much but maybe a slight increase here and there.

There was more chance at the current levels of pre consolidation of achieving a price of £1 . Then the equivalent post consolidation of £20. Which if you consider is very unlikely.

I can see your view is upbeat and I may be wrong but I could not see myself breaking even at post consolidation at £10 that’s why I sold. It could be that the price may actually drop after consolidation.

Delinen I sold all my holding today at a loss of £9000. The reason is I can’t see this reaching £10 or higher for me to break even. If i was to put in more money i would only reduce it to £7.40 break even. Which again I can’t see this company making soon. I will now put the remainder in another share which should make back the loss and a small profit in a year or 2 fingers crossed. Had I put my money into tullow instead of this I would be in ££££ but at that time I thought this was a safer bet. How wrong i was

Goodmann what your average if you don’t mind me asking

But to reach the same £1 value as is of now the price will have to be approx over £20 after consolidation!

Just how much am I meant to put into it. What if it goes down further after consolidation? I brought at approx 78p and 32p . So if it’s that bad for me i feel for others who paid a much higher price

Sorry just over £20 equals £1 price now is that achievable?

That’s what I did 34000 divided by 20 but am astonished that I will be left with 1700 shares and to break even it will have to be at £9 which seems very unlikely to be reached let alone £18 which the consolidated price for £1.

Just read the last rns and I am not happy about the share consolidation. I need about 50p to break even with approx 34000 shares. So given that it’s 20 to 1 new shares how much shares would I be left with? I have calculated it but just want to make sure I’m correct. Should have gone for tlw instead.

I have calculated that if the ri is priced at 15p and I get some extra shares as I may oversubscribe my average will be 34p. What is likelyhood of achieving that price?

Bought some at 92 p and also at 32p now I don’t have much money to buy into the rights issue . Depends how much Shares are being allocated to existing shares . But if I sell the lot I will be at a loss of £9000 and I can invest in another non oil share which has been reduced due to Covid hoping to gain back losses. Stuck at what to do need 65p to break even

Would there be consolidation after the rights issue?

Frustrating to see other shares rise back to almost pre coronavirus levels and pmo stay here almost 30p .

Was only about a week ago since they said that the glut will continue onto may and beyond and will do little to oil price. “A little to late” to quote. They change their minds many times.

Apparently according to this article trump told Saudi to increase production last February to stop prices going above $70 lol and he complains about price Fixing.

https://oilprice.com/Energy/Energy-General/Trump-Could-Use-Nuclear-Option-To-Make-Saudi-Arabia-Pay-For-Oil-War.html

Don’t think this will be back under 20p but back to 23p-24p we don’t know. I sold at 24p for a small profit and have reluctantly jumped back in at 32p this morning . Sentiment is changing and opec say we should see $40 in the second half. Personally I regret selling at 24p now in hindsight. And am wondering if we will see those levels again.

Where do we see the share price in two weeks time ?

Ramadan Mubarak to u investor 6. Where out I from

So so are you still not in? I’m hoping this goes back to under 23p so I can buy back in.