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marineville -"you can only make the same case so many times" are you having a laugh ! Tilburn and Tiptop are at it mutliple times a day everyday and the shares are still down 68% from IPO
You close a short with a buy :D
What Is Short Selling?
Short selling is an investment or trading strategy that speculates on the decline in a stock or other securities price. It is an advanced strategy that should only be undertaken by experienced traders and investors.
Traders may use short selling as speculation, and investors or portfolio managers may use them as a hedge against the downside risk of a long position in the same security or a related one. Speculation carries the possibility of substantial risk and is an advanced trading method. Hedging is a more common transaction involving placing an offsetting position to reduce risk exposure.
In short selling, a position is opened by borrowing shares of a stock or other asset that the investor believes will decrease in value by a set future date—the expiration date. The investor then sells these borrowed shares to buyers willing to pay the market price. Before the borrowed shares must be returned, the trader is betting that the price will continue to decline and they can purchase them at a lower cost.
The risk of loss on a short sale is theoretically unlimited since the price of any asset can climb to infinity. Also, short selling stocks require a margin account and usually incurs interest charges based on the value of the stock that is held short.
and the price of those shares could theoretically be infinite
Shorting a share is very dangerous as your losses could theoretically be infinte. Shorters only target rubbish companies they won't target ones with significant upside as the risk reward is not there. You only have to watch the most shorted lists on the London Stock Exchange websites to see that there is good reason for these shorts. The market is all about price discovery which requires both buyers and sellers. The same people who sell on margin can also be the ones buying on margin so you have to take it on both sides. IG provides the ratio between buyers and sellers on each stock and AAOG has 96:4 ratio. The reason why the shares are where they are is down to investor concerns on delays the company's timetable, financing and mistrust.
Silverlight- 93k bought , 324k sold
Tiptop - "Less experienced investors panic" - I can't imagine the seller of 1% of the company yesterday afternoon can be desribed as inexperienced.
true my mistake
Does any one have any ideas about a potential monetary cost of renewing the license. I have looked into briefly and saw Nigeria charge a statutory application fee of $2m for a license renewal ?
This company since the start of this year has achieved the following
i) Comfirmation of oil in the Djeno which will generate 1500 bopd. (May generate - Combination of R2 and Mengo initially)
ii ) Production to commence shortly. (Unsure about production, should have started in April - Delayed)
iii) Ongoing payments of 600k per month from SNPC in relation to 10 million debt owing to AAOG. (true)
iv) Confirmation of licence extension for a further 25 years. (Offer, not confirmation, will they have to pay for license renewal ?)
v) RNS confirming CPR will be released in May in order that additional and very positive data be included.(Doesn't say in May, RNS states "As soon as we can")
vi ) Confirmation that Mengo will be spud later this year. This will produce 5000 bopd.(Think you mean Djeno and there is no offical confirmation of a date of spudding 104 and may produce 5000 bopd)
Apart from that you are correct :D
Has anyone heard from Silverlight today ? Notice he was recommending people buy WDC on Twitter over the weekend :D
Probably working a buy order :D
Trades are not listed as buys or sells. They assume a buy when the price is above the mid price or a sell if below.
Tiptop - can you provide examples of the business models successes
The company was set up by Sefton and shares owned by Sefton, not by AAOG. AAOG would have to buy ATOG from Sefton. Which opens a new can of worms
Nice to see they’re having the same effect on Rose
Sure Silverlight will and Tiptop will find a silver lining
Understand now why RNS taking so long. Too busy arranging their non exec salaries at Rose
What..£0.238m
Hello