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When that macd crosses down in the next couple of days I think HBR will get hit hard.
Like NSS said this is half way up the flag pole, it doesn’t know if it’s coming or going and is totally dependant on the deal now.
I don’t want anyone to lose money, but HBR rarely bucks the TA trend and if that cross happens I’d be surprised if this doesn’t retest the recent lows or 280.
The ramping here as always been the same jefferey. They go as far to report and remove posts that don’t fit their ramping agenda. They don’t care if it costs other people a lot of money. I think 290- maybe as low as 280 might be tested.
There’s no doubt this seems heavily undervalued, but it’s only worth what someone is willing to pay
Hbr was premier oil, premier oil had creditors who shorted against us and then called the debt back in and basically bankrupted us until Harbour bought the creditors out and took over premier oil using it as a vessel to gain a listing. After the debt was bought and hbr took over, us premier oil holders were left with 5% of the new company. And here we are.
Traders share, always has been and always will be. It will test highs then it comes back to test support (295). If that doesn’t hold It’s 280. Can’t see it going that low though?..
I didn’t know that, thanks for the post.
I do think HBR exit was probably more to do with focusing on the North Sea before the EPL was introduced though rather than these threats. But your point is still valid and could be correct.
MM’s have just offered me 2.1p for 1million shares in one hit. Someone still has an appetite for them behind the scenes.
I would aswell Phil. I definitely think it’s more than possible and 18p would give us roughly £130mcap.
That would cover drill costs and possibly a free carry to production from there on, it could actually easily be 30p. I just hope our BOD don’t hang out for too much and scupper a deal.
I would be more than happy with £100m cash offer and 5% of future production in Darwin alone.
28 Dec 2023 20:30
Interestingly, HBR Shorts have rapidly/significantly reduced their positions here from a high of around +4% to now a mere circa 0.5% in just the past ~3 months in a clear sign of great times ahead.
What a coincidence :-) we like them on this BB. Good old Linda eh. They all made a packet and skip off into the sunset at p.i’s expense.
I’m other news jeff, ‘conspiracy theorists’ right again. Looks like the US are trying to rob another election by the deep state courts ruling trump off the ballot cards.
Who’s ready for that civil war I predicted 2 years ago? …