160pps and beyond!7 Jan 2020 15:32
By midweek looks unlikely. I still think the SP should be 2pps.
Large spread as volume drops away. I am sure some will be looking and thinking 125pps looks bad. Try and see 135pps buy in and realise 145pp + is needed to break even on low volumes. people will be fearful.
Look at this on PMO and realise no one is interested in 88e........yet.
This is one post from the PMO board.
"After a busy holiday, I reminded myself to update the shorting numbers after our limit order flurry. Probably not worth looking at now, but every little bit helps and to be honest, this seems to be a story of a firm doing the right thing in bringing itself back from the brink. this board like a lot of others is full of doom mongers, naysayers, dreamers, rampers and downright trolls. Notwithstanding that, the fundamentals of this business shine through to a PI like me. As Brent stayed above $60 and zama was acknowledged as a potential cash sale, then (barring a major catastrophe), there was only one way for the share to go. I have a 2 year old holding bought on average at 114. Like many I have hung around this board but not posted much. To those who have always provided solid financial arguments, I thank you for your input. To those who simply came on to scare, bullsh*t or otherwise create fear for genuine PI's, then hell mend you.
I have no idea if this is the start of a major upturn or simply a new trading level or even whether ARCM could yet spanner the works, but what I do know is that God, nature, technical failure or force majeure apart, the company seems to be on a much more solid footing, with a real game plan. Who knows what Zama may be worth but maybe it is a straight cash deal which in turn will finance the majority of today's acquisition, leaving us a tax free producing asset. Any way good luck to all thee who are still inhere and to those who took their profits. our wee exercise of placing limit orders may not have sunk ARCM, but at least we can say we did something to make life more difficult for them. Onwards and Upwards.
"
https://www.nsenergybusiness.com/projects/zama-oil-field-gulf-of-mexico/
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