RE: So bets on SP tomorrow?20 Oct 2021 01:57
The bad news is not out of the way.
It is all cumulative.
Investors look at risk/return.
One of things that dictate that is how a company is run and whether the management team are likely to a) make a decent profit for their risk, and/or b) be able to recover any of their investment.
Now Arreton is "out of the way (it probably isn't but, for the sake of the current discussion) investors are waiting to see what happens to Loxley.
And then Turkey.
Both of those are still up-in-the-air.
Up-in-the-air here is not 50/50 anymore.
UKOG has no credibility (at least Pockets doesn't and UKOG's own isn't that great, even without him).
It's held to be bad unless/until it becomes good.
There are some coloured glasses which improve this outlook, but not the fact of it.