The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Definitely, we need a bit of luck, good job one of my other 4 is back in the game again. If you're interested check out my recent postings, otherwise just keep firm where you are. JB and AC will deliver, I've every confidence, they're very transparent and invested themselves heavily in there, they'll want it to work as much as anyone else.
Morning Prophet, it can be possible and I'll explain it as best as I can. After the price drops (sharply especially), the shares are cheaper to buy and more of them can be brought. On an oil discovery it's often more sold than brought but it's because the shares were brought cheaply and sold for a lot more, so those re-buying at the top can afford to buy less at the higher price, so hence there's more sells than buys. A lot of people here can pick up shares an awful lot cheaper than they did at 0.1p, so hence why more were brought than sold. Remember people brought less at the top than pro-rata were able to buy at a significantly less price of 0.06p or lower. In the case of MSMN i was in at the time before and on the first oil discovery @ CR 1, the volume of shares brought and sold was about the same, yet the price has increased about 220%. I hope this makes sense. MSMN in a good company but things are slow with the oil price but have a lot of prospects with MEO, the new NZ licence, Officer Basin and Petroleum Creek. Keep the faith there mate it will come good.
Morning PF - Thanks for your post. Sadly it's not the first time share muppets have wrote articles often with deramping tendencies or to simply crash the SP. I remember they did thsi with MSMN last year, SER too. They're a law into themselves. I do feel the reaction yesterday was ridiculous, both to the broker resigning and then losing 50% of its worth yesterday and about 75% in the last week or so. People are very tetchy when they even sniff a "bad name" in the market, I mean look at AIM's reaction when Darwin come on board a share? I think either Ivan has being naive with who's behind this or he simply didn't know or deemed that it didn't matter. I certainly don't think this will be the end of the matter tbh, TW has caused a lot of damage to INC and destroyed the profits o those who sold and who haven't. I believe Millertime's claim that he was in shock over yesterday's events and is considering what to do do next. I expect him to come out fighting if there was any misinformation in yesterdays article, he now has a whole Easter Weekend to decide what (if anything) to do, I expect a RNS of clarification next week, QPP were straight on it after that article wrote about them last year, I expect the same here. In the meantime there's an opportunity to buy some ridiculously cheap shares after Easter, I think we may be stuck at these level for a but yet until any challenge is put in place so maybe a little time to load up, let's see.
I think there's adly still more to fall yet; traders have been trying to "catch the bottom", you see it with dusters all the time, then the day after when traders sell up and move on there's no support level. This effectively was a "duster" today after TW's article appears to have uncovered the people behind this deal. Uf there was any misinformation then I'm sure Ivan will be on to his legal team for damages as the price crashed from 0.06 to 0.035 because of this article. If nothing is done about it then it's all true. Shares in INC will be very cheap to buy now and given the broker situation and the bad sentiment I doubt we'll get any increases for a bit now, so who's gonna punt at these prices then? It's all up in the air now!
Yes mate, sadly It's not even worth me selling so will just leave it in and put it down to a bad experience. It was always a punt but now a failed one or seems. Thank goodness I'm not just in this one. Shows over here, sorry it didn't work out for us.
Never known anything like this, absolute blood bath! Anyone would think the contract talks had failed? Mms having a right field day today. Shocking.
The MM's wanted you to sell earlier so they can buy your shares 50% cheaper than they sold them to you in the first place. Well done for not falling for it. :)
Yes it's disappointing, but better to know it's still ongoing than being left in the dark. I'd take honesty with the shareholders any day even if it's bad news. Now to hold, average down or sell up. I'm no selling at this price, no way! So I'll be option 1 for now and option 2 when funds are available. MM's have certainly created interest in this share today, been a lot of trading when previously we'd do well to get more than 10 trades in one day. Hopefully it's a blessing in disguise. We'll see.
Thanks Ivan that's all I needed to know. It just adds clarity that it's still on track but taking longer than expected. I can imagine "hopeful" was probably Ivan being a bit fed up tbh, after all this DD has been going on since November. He must have the patience of a saint. Big buys are still coming in despite the broker situation and the delay, it just shows this clarity has put people in the picture so they know the state of play when making their investment going forward. AIMHO.
Yes, a cool 12m. Well spotted.
Hi again, sorry I wasn't at the presentation but it is a bit of a punt I agree especially with it going beyond the projected Q1 and with today's broker setback. There are worse punts you can do though, remember LOND for instance? It'll take time but I believe it will come good, it just it taking longer than anticipated, but at these prices it's well worth a look.
Morning, ha! Well we all deserve luck sometimes, glad it's worked out for you. Nice healthy average waiting for this illusive deal hopefully. At least your margin for error is greater now at this low price! Good on you!
You are right Ten, the reason i sold out of FTE was that it was one of the most manipulated shares I'd ever known, it wasn't really because of the lack of updates but mainly for this reason. Today this was being walked down off buys! I was expecting a slight drop but 35-40% off a broker resignation is ridiculous. I think the MM's wanted a reason to drop it as it's been so dead here recently with about 5-10 trades a day (and they're not making much themselves) so dropping the SP off every trade creates liquidity. It's a sad state of affairs but all you can do is hold or average down when given the chance. AIM is disproportionately cruel.
And got a huge amount of 0.035p a share. Ouch!
Morning Tradedesk good to see you here mate, yes I've tried and a few of us have e-mailed the company for an update, and all of us have been ignored.
Morning Smudge, great timing on the sale and re-buy chap! I need your vision lol! Well done!
Tbh it's absolutely pointless selling at these levels would be absolutely pointless anyway. You might as well have mug written on your forehead especially if you (like me) brought around 0.1p. There was no official "duster" in this case that would be a failed contact negotiation. It's more the uncertainty and the mms are playing on it. I'm still here and will look at averaging down when funds allow. Great prices now if it works out with the Canadian partners.
Yes, so all holders will either bail or crap themselves for the next month until (hopefully) the situation sorts itself out just to get back to where we were. It's now even more of a gamble than it was before, although we were confidently assured by Ivan this would be done well before Q1, I hang on with my investment in good faith that it might take longer than planned, and now this happens! Big kick in the teeth tbh.
You may be right, think it's time to bottom drawer this one and hopefully one day it'll put us back into profit.
But not the one we're after, brokerhas resigned.