Strange world3 May 2017 17:55
Over on my SDX holding I got hammered today over 3% down - finished at 61p but one week ago when a big gas discovery was made the SP hit 71p and now has a book value of 80p, But because the BOD kept drilling down hoping to hit oil the SP has dropped 14% back from its peak !!!! Old adage "If you find yourself at the bottom of a hole STOP DIGGING !"
Hopefully SDX will issue a RNS about a big oil discovery soon - I have fingers crossed
HOC doing well still - AAL and GLEN and lots of other miners well down today some at 6% down !
Hopefully the miners and energy SPs will recover tomorrow or Friday
Regards all