I cannot believe the sp here! I had an average of 80p and first bought at £1. I took a hit and sold in the 40p’s. I feel for invsters here. I keep thinking about getting back in, but where is the bottom?
Mike, probably 11% down because some investors where hoping for a massive rise, have not got nervous and have decided to jump ship rather than wait for more work overs and the competition of the side track. We have only worked over 2 wells which has exceeded expectations, so by the time all the wells are worked over we should be exceeding daily oil production for the current Norio target.
Not many trades but what there are are sells. Over reacting imo. This will gradually grow in oil production as more wells are worked over. Rome was not built in a day. Hold your shares for long term gains.
Right that’s my top up done. Which has brought my average down to 0.087 from 0.114. This is now my biggest holding based on initial investment which is 35% of my pf. Come on EUZ let’s do it.
I think I might do a small top up to average down a bit. After which I would be 50% down and needing a100% sp rise rather than 200+% that I need right now. Should hopefully delist from ASX on Friday/Monday as per RNS. Then I guess the SS will be re published with meaningful data which will be reflected in the sp? Any guess how much the sp should go up on news? Surely it won’t go down further lol.
Have been watching for a while and almost bought in before the drill result, but I didn’t. When is the next drill due to kick off and is it a full well drill or just an entry into an older well, already drilled? I can see this moving back up..... tempted at this price.