Good recovery of POO, as usual the swings (up or down) happening after hours .
Of course it would not surprise me to see this down again tomorrow am........ but am still long and holding, as with Trump & China and Middle east anything could shoot this up now.
Certainly when the debt gets reduced, (which could still be months away to get signed) this has got to be a banker, at rise of 50% to 100% if oil stays steady. Also surely Trump will have done his deal with China by then.
Auson, quite difficult to predict, but last month was 22.34 and was rising around 2 to 3 points a month and nothing suggesting they are reducing, so guess on that basis may be around 24.34 - 25.34. The figures are out around 5th to 6th of Sept.
When they start reducing, it will be a good sign and to me when we have the potential to get to the £1.00 and then onto £1.50 many are also suggesting. Of course the china/US deal will have an impact also.
Above 0.5% now 5.39% .
Just don't get while still increasing, after last update and potential SP rises with potential debt falling.
As said before, once shorts decrease I will know the games are off. At the moment still on.
Yes seems the daily occurrence these days, oil goes up....oil drops,
next day oil goes up...oil drops......
Just no legs to it all...... and PMO good update, all now forgotten as usual..... back to the usual crap !
and ...China's yuan slides to 11-year low.... anything positive out there...... ?????
Correct Dodger, he has an ego that is too big and once he falls out with the world...... what does he do. He forgets all of the world is watching his actions and like the media who always eventually have their day with celebrities on the way down i.e. Max Clifford, Katie Price and the list goes on, his day will come. In fact he reminds be a touch of Max Clifford. LOL
I cant say I blame china, I hope they fu*k that Trump good and proper.
They are piling the pressure on Trump now before his election and he must surely be starting to panic what he has got himself involved with now. He thought bullying was the way forward, but there is always some that wont be intimidated.
Button down the hatches, we have 2 countries that are playing hardball, the longer this goes on, the worse the world economy will get.
Trump is just an absolute nutcase ! Maybe he will now rewrite his book "art of the deal" to "The art of no deal"
All a thing of the past now, you wait weeks for these news and possible gains all gone in a flash again.
The whole economy is foo ked, too many items in the world that each day, someone has some other negative statements.
Always someone somewhere in some country to bring negativity or the media to print doom & gloom.
When on holiday, I don't read any news and always feel positive.
So we now got to wait until the world stops fighting with each other for us make any money in this. Good luck to the traders here, they know PMO of old.
Back down we go FFS
Will this ever hold its gains.............
If this loses the gain from such a great RNS over the next week (given oil price steady) then we have absolutely no chance against these shorters and the fact they relentlessly put downward pressure, I will accept that they will not be going away anytime soon. Even with a potential sale and SP rising, it does not put them off.
Not being negative, but possibly see them taking this back down to 70p and where we started.
TD will get the money in, tell the board he reduced debt , get his bonus, bank it, then spend the Zama money ...thinking nhe can turn these into profit each time, but one day it turns against you.
agree, he thinks he is the next Branson.....
Anyway, it was right think to do to sell Zama, will give him credit for that, but was not big worldly decision to make.
Plus you would have the banks probably advising him to sell it, to ensure their loans safe.....as they can call that money in, if problems in the future.
Hi Cash, well done mate, agree profit is a profit. I am still in.
I was in 2 minds as half of me, thinks this could now just have a sustained rise and the other half, still feels, will these shorters now reduce. Its been years they have been on the back of PMO, so be good to see them reduce, but they are pretty influential and can still keep a good SP down. The next 2 to 3 weeks will be interesting. Things can go either way with the market at a drop of a hat.
Fantastic result today well done to all long-term holders.
Hopefully it will be up from here good luck everyone.
Just hope its not one of those evenings again, where it has another fall.... seems to be struggling at moment to hold on.
Having a wobble again..... back to $59's
why does PMO update days always have some fu*king news or announcement to spoil the otherwise, worthwhile rise.
POO now $59.84.....
Snakes and ladders again, just wish we could get a proper base in this oil price to then move up and stay above $60's.
Love_you, I also hope the shorters burn, they have held my investment back.
I take it from your reaction you are one of them and also believe it should be made illegal.
to bet on a company losing its value to the point that it may go out of business it's just totally unethical in my book.
Anyway each to their own but I can certainly agree with Tarth.
Is this the catalyst when Zama sale paid off debt, more institutional investors start getting behind pmo, as this would then help to get rid of the shorters, which is main reason this SP not where it should be. Then in turn we would see this a good chunk over £1.00
When Zama sold, it's like equivalent of another years profits at 69 oil (ish) brought forward. If oil plays ball, could be debt free circa 4 years.
And another lump of interest saved when Zama sold, hopefully all focus on debt down in this uncertain times with oil prices.
Cannot stress Zama sale massive plus for me.
Oil being down today although disappointing, this is result was waiting for with an asset sale and large chunk of cash to come in when sold. Well done finally TD.
We never had an increase for Zama in real terms but when 300 to 500m comes off debt, they cannot ignore it this time.
Shorters run for the hills you scumbags.
Great news for Zama sale, got to get us a huge uplift when finally sold.
Guess they anticipating using these funds for sea lion potentially which may take risk away from raising equity with shareholders.
Big big plus this Zama sale, large amount wiped off debt when it happens.
Oil having its snakes and ladders moment. Up and down like a bleedin yo yo, just need it to get out this range, as guess investors want to see a bit of stability over $60, but always struggling to hold its gains lately.