The fact of the matter is24 Jun 2018 23:49
AIM is simply a game, the long term holders usually suffer, but then again this is the industry where 30 baggers can happen rapidly (take tern for example). In reality we are all in this game to make money. No risk no reward, I am not a trader looking for a quick quid - I invest for good returns over months/years not weeks, but have learnt not to become emotionally attached to any stock as it can alter your perceptions. I have considered the whole picture here and with the Arkoma results due within a month and the option due to expire in a month July looks to be a busy month for the company. What really excites me is Welch - with neighbouring properties at Welch (primed for horizontal drilling) having good consistent flow rates in surrounding acreage it isn’t rocket science!
I don’t think these oil prices will last though, it is likely to settle in the $50’s but even then we should be profitable. The production at present isn’t earth shattering, but the potential is there to rapidly increase this without considerable CAPEX. I’m here for the news flow, recently re- entered EDL and that went well so hopefully I bring some luck here (still invested there despite fridays spike). Mosman looks to be unloved and there is negative sentiment to the Bod, which is understandable. Why not take salary in shares or defer salary until making x amount of profit per month. Dilution has been there of course but they don’t regularly raise - only when needed.
Still all to play for, risk of going slightly lower, yes, but building a position prior to the end of July is wise, in my eyes anyway.
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