RE: Little brother Rockhopper20 May 2018 06:37
Kilgeever - Comparing RKH performance to PMO since the big upsurge in POO from 4 April - RKH SP is up 78% but PMO is up 89% so if you were holding PMO you did not miss out. My thinking is that if Bojo pulls off a UK/Argentine agreement to lift all embargoes and sanctions on the Falkland Islands this week we could see a massive rise in RKH SP - but we would also see a rise in PMO SP - so "Yer pays yer money and takes yer chance" IMO - apart from market manipulators pushing down the SP to take out stop losses (which action only has a very short effect on the SP) PMO is the safest place to have your investment cash at the mo. Milestones along the way - Q4 2018 FID for Sea Lion agreed - Q1 2019 massive paydown of debt reported - Q2 2020 all major debt paid off - 2022 first oil from Zama and first gas from Tolmount - 2023 first oil from Sea Lion.
What`s not to like for longer term investors.
I add my two pennorth of advice to all - cancel stop losses to stymie the market manipulators - cancel "stop gains" to avoid losing longer term "compound interest" on the SP. By not buying and selling since my latest investment on 4 April my gain on SP is 89% - excellent result for just 7 calendar weeks !
Regards all