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Still only 600,000 shares here but been directing my attention to ZOE and TRIN over the last few weeks but both made me over 100% return in that short time, sold ZOE this morning but will hang on to TRIN for a while, but back on looking at MATD as target here is 1 million shares, but think time is running out on this taking off.
GLA
Taken the ease back on price to add a few more think this is a no brainer for the second half year as they generate further cash with oil price recovery and hopefully the world getting back to normal with the end of the pandemic.
GLA
Good luck all but decided to take profit.
Proved correct again in my assumption they would raise further finance this summer but have done it quicker and far more prudently attracting a single investor that I would have thought. Think this new management team are proving very adept in managing the business and even if we get some re-trace on profit taking cant se much holding the SPs back from getting into double figures now.
As I posted a few weeks ago could see this breaking above 3p even before any news, but I suspect we are very close now to an update on licence and possibly even a partnering deal. But any substantial gains into double figures will no doubt require oil being pumped to the surface.
GLA looking positive.
Oil prices continue to recover strongly, want to BUY more shares here but been putting spare cash over last week or so into TRINITY and ZOE both over 50% up in last few days so correct choice but still looking for million shares here.
As I said in my last post a seed change in management here, they appear to have achieved more in weeks than previous BOD in years. Added more shares early this morning but my average still well below 6p, and looking for another run up over the remainder of the year back towards 13p again as they make more progress.
GLA
Pull back on SP to have been expected with some profit taking, but opportunity to buy more have put limit order on for in the morning as can see oil prices and Trinity going higher over the next few months especially as the WORLD emerges from Covid -19, but DYOR and GLA.
SP Percentage movement
Change
%
1 month 19.77%
3 months -46.91%
6 Months -33.97%
Hardly call 15,000 shares a significant buy in sold 10 x this last year, just think over the last few RNS updates we are starting to see a seed change (excuse the pun) in management and sorting out issues, call it sentiment if you like but I believe fortunes have probably turned albeit want to see so much more progress before I make any significant investment. As I have said before its not the SP at any particular moment, its more what I think the longer term trend is over the next several months given you will get ups and downs on the way. Firm believer in that real value comes out in the end and HNR/ZOE have not performed well so far, but have always believed there is still potential in CBD market.
News won't hurt, but really need HNR legacy issues dealt with and sustained positive trading results before IMO the SP will get above 10p again, but think the downtrend of the last six months has probably turned. But like markets generally as we emerge from the Covid 19 pandemic expect a high degree of volatility over the next few months.
Yes noticed the 4 x 100,000 buys looks like someone taking a bigger toe dip than me, but hopefully if they conclude more HNR asset sales and economies start to recover from Covid 19 this should eventually see some SP growth again
Good to see a start to exit from HNR legacy issues, but like a few others cant quite see the logic of the nitrogen asset sale as thought this was an integral part of the CBD process having cheap nitrogen source. However have taken a very small toe dip into the water here again and purchased 15,000 shares, but want to see much more progress here first before committing any real capital investment.