The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
If you have some cash sitting on the sidelines ready to buy the dip then it wont really matter whether it goes up or down, If it goes down, you top up. If it goes up, you take some profit and load up on more cash for the sideline....it takes the stress out of trading :)
It seems that there was also a big share buy/sell on PET, at a similar cost....interesting! :)
Judging by the low trade price it must be a "sell". Should be interesting to see how much that moves the price :)
Iamrich, I agree lol...a good teacher though, will always be trying to do away with a need for himself :))
Sorry, I meany Fear Of Missing Out*
Rinseandshine lol.... Prophet instead of profit was definitely a "Freudian slip"...long story!
That worry you refer to is known in the game as FOMO (fear of losing out) and it is the sure way to loose money. Warren Buffet (seasoned investor) once said that "when others are greedy be fearful and when others are fearful be greedy". He meant that we should buy when everyone else was selling and sell when they were buying. It's also known as "buying the dip". That's the way to get rich on the stock market and it has always worked for me. FOMO is an illusion and I strongly advise against allowing it to influence you...:)
As I have tried to share with peeps here before: I too was left ho;ding the bag many years ago on here. My average price per share was around 6.2p. Each time it fell I put in a bit more and when it went up, over the amount I just put in, I would take it out along with the profit on that small amount. After it hit what I thought was bottom, I pout it back in,,,,rinse and repeat. This requires patience of course. By following this method I have now taken a few K in prophet and my average price per share is 0.108. Now, any time it spikes, I take out prophet and just wait till it goes back down before putting "some" back in. Recently, when it spiked 40%, I took some out. I am currently waiting till it either drops below my average, in which case I will put it back in, or till it goes up even more, in which case I will keep taking out....rinse and repeat. I don't say this to boast but to help, if anyone wants to listen this time :)
Peeps on here may notice that I only comment when the discussion is on Ghana. There is a reason for that. I know the nature of Clon as a company, warts and all (and there are many) but that doesn't mean there isn't money to be made here. Ghana is and always has been the one genuine hope here. Even if it keeps dragging on for another 10 years, we can still make money from its volatility in the meantime, and, you never know, the big RNS may one day drop too. All in my own opinion, DYOR & GLA :)
The IMF is a essentially business but also a tool to help the Western alliance control nations. They give money with conditions and no doubt they will be going all out at the moment to secure oil and gas supplies, The big multi-national oil companies are also in bed with the IMF etc. so they will also be securing a big slice of the pie. What all this means for Clon? I guess we can speculate. However, one thing is for sure, Clon have themselves a place in the middle of a very sweet spot in a very strategically important area which will need dealing with going forward.... all in my own opinion of course and please DYOR :)
Yes, at the very least, sell the rights to the block and allow someone else to mine it but something needs to move on here IMO DYOR :)
I am thinking that since Clon are sitting on a sweet spot within that area then at the very least they will want them out of there so they can get on with whatever they are planning. Having already settled the legal dispute "to Clon's satisfaction" and therefore halted legal proceedings, Clon has to be in a great position to get something out of this. In fact, it seems that the deal is already agreed. Things are beginning to move and they simply cannot move without Clon's involvement....next RNS will be very telling, if we get one!!
Yeah, I don't blame yu for having that outlook. I'm betting on this being a "Peter & the Wolf" story over on Clon.... I wish you all good luck :)
Good question, dv, which I don't feel qualified to answer. I would imagine that Clon would have a partner lined up and use the ratified permit as leverage. My honest answer though, I don't know :)
IMO, you expressed that really well Chitta. This is going to be a classic "Peter and the wolf" story. I'm not a ramper, never have been never will be, but I see the significance of what is happening here....Pauly! Hope you are seeing this, you, I think, deserve this more than anyone else here GL :)
http://envoi.co.uk/wp-content/uploads/2015/06/P230AMNIGhana-CentralTanoEnvoiFlyer.pdf
Have you peeps seen this from 7th Sept.? seems to give this RNS some weight to me :)
https://www.ghanaweb.com/GhanaHomePage/business/Poor-decision-making-affecting-capacity-to-produce-more-oil-ACEP-1618892
If you look back at Tank247's post on 7th Sept. and my reply on the 8th. peeps will see what is going on here regarding the RNS from Petrel. Clon has a bigger share than Petrel in the Ghana Tano 2 block. all LTH will know the significance of this and how it is the most exiting development here for many many years DYOR & GLA, especially long suffering LTH!!
• Ratification discussions on Tano 2A block underway with Ghanaian authorities - though acreage adjustments likely.............
.......Following the C-19 pandemic, Petrel Resources plc restored contacts with the Ghanaian authorities to update the acreage to be explored, and resuscitate the ratification of our signed Petroleum Agreement on Tano 2A Block. Slowness in ratification of signed contracts had constrained the development of Ghana's oil and gas industry. The current Ghanaian government has indicated its determination to recover momentum. Ghanaian fiscal terms are competitive, while West African infrastructure steadily improves.
Financial markets and farm-out interest in petroleum had been depressed since the oil price war starting in 2014, and continuing periodically until 2022. This had constrained our options for early seismic or wells in Ghana. But recent oil & price surges show that major new investment is required to service global demand. Petrel Resources hopes to participate in the coming boom.
Well said Mr. T. I think their are two choices for anyone who is stuck here holding the bag. 1) we could wait and wait for the big one while complaining about the BOD etc. etc. which is both frustrating and completely fruitless. Or 2) adjust to a strategy that will claw back even a small amount of what is currently lost - only a paper loss at the moment. I have outlined a strategy in previous posts and implemented this myself and, yes, it is working! Only trying to be helpful here, its not a criticism of anyone here and what Mr. T says makes more sense to me than waiting and complaining GLA :)
....For me, 0.04 would be an excellent buying opportunity; TBH :)