RE: Really wouldn’t worry re TR125 Jul 2019 05:27
Hey guys i am not a holder here but i have been doing some research and looking for an entry point. the company is interesting esp given the recent rise but i am trying to figure out why it is valued at 40 million at present. And need some
Help on this initially as
1. its producing no revenues at all and has been granted a license which then needs to be drilling, flow tested, and checked to see if its commercial. At the moment.
So from this am I right to believe that currently a sensible entry price would be nearer the lows 1s and not here?
2. This view was reaffirmed when i saw the legal and general rns today showing they are selling out their position. I did some quick calculations and realised they have a lot of stock yet to sell. Why would they be selling as they seem to have been a long term institutional investor??
I feel as they continue to sell we could have significant downside from here in the near term before we recover later on in the year with what one would hope progress on starting drilling. So I’m
Just concerned entering here would be too high.
As legal and general would have smart investment advisors who would have imo to start selling out. I usually follow the big money trend ie when the smart money start selling up do not go against them as there is only one winner and that is the big money. Likewise when they load up I follow that trend too.
I learnt this hard lesson on another stock and that’s Be careful about dream targets etc the facts are what matters as that is the truth and dont be the one who is the fool while the big boys are selling up.
So i just feel that my entry price should be realistically soon in the low 1s and from what I’ve said above I just feel it’s more realistic (unless otherwise justified which I feel it can’t at moment) and wish you all well folks in the meantime.
Keeping a keen eye for a good entry point and view points here
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