Falcon Oil Shortcoming13 Jun 2018 17:21
After reading the last two posts i have to say i agree entirely with newto on every point made.
I do believe that the idea of a reverse split bringing in more investors, as well as more sophisticated investors is not likely. the mere idea that a reverse split will do this ignores the fact that playing with numbers will fool no-one. POQ, as said by newto, reduced the profligacy of the prior board by a huge amount returning the company to living within its means.
What will however affect the share price is time. I well remember when PANR was in this position, a year away from drilling and with little money. As time went by and the drilling got closer investors began to take an interest. However they could not buy many shares as the price reacted swiftly to even the smallest purchases once it was clear PANR was becoming a sought after equity. At 19p many small investors topped up with several hundred thousand or low millions of shares and got out at well over a pound when the drill found gas.
The time span when investors are prepared to buy varies with each investor but the fact is not many people tie up money for a year or more before perceived action takes place as that money is seen as dead money. The investors though who do get in early, can buy loads, cheap and in stages as affordability allows.
As we approach December ime in no doubt FOG will become a 'share to own' for 2019, then watch the price rise. A few short Months ago you could buy HUR in huge quantities, every day as many as you wanted, just try that one now. As time has closed in on the action so large percentage jumps in the price occur when news comes out of progress being made toward the end game.
What the investors need here isnt fancy jiggery pokery with the share price structure, its simply the passing of a little more time and the odd RNS that will become ever more frequent and ever more share price enhancing as we approach 2019.
I remember making well over 50k on RKH way back, it had languished around the 17p mark then was 70p, then the rest is history, likewise another 50k+ so far at PMO, you could buy em all day at 70p a short while ago, and in the late 30s early 40s last year, but now its getting closer to its target of increased production. Everyone knew its plan, eveyone knew its time scale but most people were so busy offering advice to Tony Durrant they didnt even own any, then it suddenly started its jump to £1.20 starting at the begging of April and lasting 6 weeks, by which time it had doubled. Again.
These companies with really huge potential discoveries move in concord with their work dynamics. Many times i have had to wait a year or half year to get the meat, we still need 4 months of patience to get us to October. By then Origin will be further along its schedule, the Government (NT) likewise, and i have to say, it certainly aint dragging its feet now.
I am happy with FOG due to its vast potential, Beetaloo is important to the NT an
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