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Hi Rifleman, totally agree with your thought process. I sitting on a few more share than you, so the shear thought of £100,000 disappearing if the results went against us is mind blowing. Everybody has their own tolerance to risk, if you see fit to reduce your risk then do so.
That would be too sensible, what are you thinking.
Apologies Chesh........... Should have read PRD.
Hi Craignews, both companies were examples, but if you care to do a little research PDR drilled for gas.
Hi Toffers, your totally correct, I haven't backed up anything I've said. But what have I said, only that we have indications of gas but no firm results. I'd be absolutely delighted if the results back up a huge find as I'll be well rewarded with the shares I have in the company, but I've seen too many companies show great delight in reaching touchdown only for their to be a problem with testing, namely PDR and BCE.
Sorry Neil, what results do we have? We only have early indications, not actual results, am I wrong.
Sold a 1m shares @ 1.45, so hopefully be able to buy back cheaper. I know I know you'll be lucky to get back in, but to be honest there's no guarantee that the official results will be as most of you expect! Too many companies have said drilling went well but then the results didn't back up the smiling faces. I'm hopeful of good results, but nobody can be absolutely 100% sure the results will be mind blowing.
Current prices being offered: LSE:ITM Sell: 59.88p Buy: 60.36p
Strange, I'm looking at live prices and there going lower, as i type LSE:ITM Sell: 61.84p Buy: 62.24p
Plenty available to buy @ iii. Price not moving, looks like everybody content with waiting it out for tomorrow.
Hi Neil, "I heard on another forum news is coming tomorrow and it's better than expected at this stage" what you meant to say was, "You had read on another forum ............." I thought you were the one person on this BB that would know the difference and that it's just hearsay. Nobody knows what the results will be, if we are holding then we all know what we would like to read or hear upon news, but that's all it is a the moment.
Hi Cperkin, Can you explain what you mean by filling the "gap", seen it mentioned numerous times. Cheers.
Be interesting to see the after hours trades.
MM will take total holding of 7m @ 1.38, but im looking for more, fingers crossed
I like most on the BB have shares in HE1 and perhaps to many that I should have derisked a little. However, I can see the potential, but is only potential. I'm also in PDR and BCE, both companies having announced successful drills which subsequently lifted their share price. Now take a look at their respective share prices, both having cooled substantially as the promise results of the "Successful" drills have been delayed. It's not a given that the wire line results will be on time, any delay will it the share price, just be mindful, that's all i'm saying.
Thanks Earl, but i wouldn't call an 8m share sale big, especially if your saying the "big boys are selling"
Just makes me laugh at some of the replies. All I wanted to know was how big was big, perhaps it's not as big as I thought.
Would you care to explain your last message @ 14:56
"Big boys selling, wonder what they know... hmm always a clue if you can read them"
What size selling are you talking about?
Thank you both for your opinions. As you both say, let wait and see.
All quiet here.......... Some reasonable size trades in terms of shares purchased, is this the only reason for the increase in share price?