Too right a falling knife!22 Feb 2016 22:34
Unfortunately, I'm one of those that had bought in about 3 years ago when sp was over 10p, if my memory serves correctly. Ever since then, there has been a slide in the sp despite positives regarding this company on websites. The fact that it was an exploration and production company...the fact that even through trying times it was cutting its production costs,.. the fact the company was sat on a good resource of oil land...bla bla bla. I remember posters writing and Brad Nichlols himself saying in so many words that the current sp (then around 10p) was not a true reflection of the company..that it should be many times more. Despite the dwindling sp since then, well we all know what today sp fell to. Yes, I bought in again today hoping to catch the safe end of the sharp falling knife...time will tell if it was a bold move...
I have to say that general communication from the company and especially Brad isn't very good at all. If he wants shareholder support...one should at least consider them every once in a while. I'm really not surprised that investors are worried and sold up even at significant loss. It seems they've lost or given up last hopes.
GLA with this share