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I have been adding since they hit the lows a couple of weeks ago, I now have a very good holding.
My point was whilst people are saying this is going nowhere, some, like myself and the £40k Friday buyer are continually buying.
I see a bit of negativity creeping in, I guess with previous missed deadlines that could be expected.
However the person that spent £40,610 just before the bell on Friday doesn't think like that.
Stop and think for a moment, they could have bought a good new car with that or used it for the next 10 years of holidays (maybe) - but they chose to put it here.
Time will tell.......GLA
Not this again…..it’s because your buy price was lower than the mid price, ie. LSE quote buy at 8.5, sell at 7.5, the actual spread is different, you bought below 8 so looks like a sell.
If anything you should be happy. Anything quoted as a buy means they’ve been bought above the mid price
So you don’t want a RNS on Friday as that’s normally the day bad news is released but if it is released it could be ok.
It would be better next week but if taking longer then the week after would be fine.
Brilliant!
Idandy - I think if the latest operation had been unsuccessful we would have seen a load more 10/20M sells going through. As it was we saw a few go through, I reckon someone nervous or needing money elsewhere.
It is a bit of a binary play, but if successful we’ll soon be trading much higher.
I bought a small amount more today and I’m holding.
GLA 🤞
I don't think it is that optimistic the RNS from 13-Nov actually said:
"As previously announced, based on the excellent reservoir properties and the light oil recovered from the SCHB-2(2.) well, standard oil-industry analysis indicates that an initial production rate in excess of 900bopd could be achieved with the installation of an ESP"
IN EXCESS !!!!