RE: Good News10 Mar 2021 09:53
You didn’t answer the question..
Happy to answer yours though - I’m not blind, hopefully not daft and I don’t like losing money. My concerns have been broadly stated before, I don’t generally like AIM, and I definitely don’t like the O&G sector going forward. Expanding on that slightly, the directors really need to start making significant traction with some of their projects and to incrementally prove/monetise some of the company assets. If they don’t and continue to dilute with more promises of jam tomorrow then their credibility and the share price will be at a point that it would be difficult to make the gains that they have eluded to. I’ve been here for around 18 months and since .9. I’ve worked out how to play this so far and am slightly ahead on paper, I reduced a few weeks ago back down to my core holding and have been adding again recently at around the last fund raise price.
Looking at the positives, RNST was/is being paid to help suppress the price here and at UJO (IMO) Why, because the potential buyer/buyers want the buying price to be lower ?!
Either way there is significant value in the asset/overall assets so unless S&S completely squander the opportunity then the share price will rise significantly at some point. In the meantime I’m happy to trade around my core holding to keep me sane.
Yes I do have concerns but on a risk and reward basis they are relatively insignificant..