RE: Tulips.24 Mar 2022 12:24
Lol.
Yep.
There's evidence for sentiment and speculation influenced spikes before and since 2017.
I don't (personally) believe we'll see 2017 again as the lie which caused that has been revealed now.
But, yes, there will be more spikes and more chance to profit from those than holding these days.
Unfortunately a lot of people got caught holding with quite a high buy in (including a friend of mine).
They're likely to continue in the hope they might see something spectacular again one day.
There would need to be a see change of fact based evidence before I started to think that might be possible with the atrocious mis-management practices we've become accustomed to witnessing over the last four years.
I still believe Loxley (in particular) will initiate a short-term spike.
This will gradually resolve downwards again as people remember the case was only about a three year exploration licence for now.
If that's approved they still have to prove commerciality and then apply for a production licence on the back of that, which will mean going through the whole thing again in three years.
So maybe another five years before anything comes out of it, even with a positive June result.
Trading only for me and those opportunities are sparse at present too (not that they don't exist at all).
I might be tempted to put another Β£1k in here for that, but for a lower buy in than present.
Been making more from BP (and many others) atm.
:D