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Few months a short space of time IMO as Covid has proved, and by then PM could be drilling the first well on Heron, and whilst short term investors will probably sell an re-buy over the next few weeks personally just see the time frame as a BUYING period at a price that will no doubt have been extremely low once oil starts flowing to the surface. With todays RNS believe any risk factor here has been greatly reduced,
With Directors here holding around 15% of shareholding and given the fact the company is likely to be highly cash generative this year can probably see a dividend being paid here for the next financial year, Just an opinion but if I were a director would like to see a return on my investment as the company starts to make money.
5. Sorry five was potential
Five reasons for investing here:
1. Like Gummies
2. Foresight
3. Greed
4. Midas Touch
5. Name very Poetic
5.
No Homer only read them.
Starting with Keynes And After over 45 years ago.
Excellent BUY price this morning at 7.9p but expect a bumpy ride over the next few months, but long term market potential exciting.
GLA
Think below 8p this is back in the BUY zone long term but as stated when I sold as SP broke 10p last week, I think we are in for a bumpy ride over the next few months. We really need good news on the financial front and further progress on HNR legacy issues before we see a sustained SP rise above 13p IMO, but a trading range of between 7p - 13p should allow an investment return over the short term, as I believe the risk of falling below 7p is minimal so worth an investment at this level.
Good article S mirrors my knowledge and thoughts on Trinity exactly, believe they will generate significant cash this year and current SP will look to have been cheap in a years time. Will be adding more as time goes on as can see myself becoming a LTH here.
GLA
This looks to be playing out and should be back on the BUY radar in the morning especially if SP falls a little further, but looks a good buy again even in low 8's. Would expect another run up over the next few months as believe as indicated a few weeks ago think the longer term trend has turned up and new management here look to be achieving much more. Will be opening another position but with limited funds.
Never shorted ZOE only played it long 3 times over its short history 4p to 9p, 7p to 13p, and this time 5p to 10p proved and excellent trading share to trade, looking forward to my next time as believe longer term trend is probably up but not a LTH here.
GLA
Whilst watching again as sold once broke 10p, think the new management here have achieved a lot in a very short space of time and longer term future for CBD market looks promising. However as stated before the HNR legacy issues need sorting and probably RP finally disposing of his remaining shares (hopefully using cash to buy remaining HNR assets). Good luck over the next few months just decided to use cash elsewhere, but still consider this a longer term buy but can see a bumpy ride short term.
Personally have thought all along Petro Matd and Petro China are likely to strike some sought of partnership deal to the MUTAL BENEFIT of both companies, oil asset and Mongolian government support coupled with wealth of experience and hard cash a winning formula.
Whilst pieces around MATD are falling into place with work on infrastructure, oil price recovery etc the key here still remains getting the licence, which looks to be close as SP activity picks up.
The real gains here however I believe is once they start to pump oil to the surface, but lets not forget they have several encouraging new drill possibilities for the future but a lot of work, financing, and maybe even announcement of a joint venture still to do. Once they get the licence even if we get a 100% SP increase from here the price IMO will still be insanely cheap.
With the upward trend in SP can see the granting of the licence sending this upwards towards 7p IMO, but the real gain will be when they start to pump oil to the surface. In this for the longer term anyway and the exploration of ne fields next year.
GLA
Still buying more here, switched my ZOE investment when it broke 10p over to Trinity, and having a decent profit in ZOE means in my own hard cash terms average here only 4.75p. Can see this breaking 12p over the second half year fairly easily IMO but will probably hold longer term anyway as think 15p - 20p likely over the next year.