This game29 Sep 2021 12:56
If I’ve learnt anything from the Market it’s that it’s designed to take your money away from you. To pay salaries and institutions, they literally created algorithms to do just that. It’s not like the good old corrupt days..
With that said, this has sucked, is sucking and will continue to suck until in my opinion they get your shares or you buy theirs. I’m not even sure if even holding strong won’t get you done over these days.. so core asset value is the only semi secure thing to give some sense of it ( which isn’t 0.3p.. )
This market isn’t designed for us. So very likely a lot of this selling is genuinely down to people simple taking their cut, as discussed plenty.. and Likely Art is letting that happen at a low price.. why? Because when results are published this will completely kill any fair rises if it happens later and I doubt he wants that again.. So Consolidation done, flip the legacy holdings etc first. Stabilise the share base as priority; Then that platform will be the ideal base for expected news flow of increased production, new assets and potential wild card plays such as Nigeria etc. None of that news needs this current affair effecting it. Those future news pieces will have enough womp to let the next wave of sellers pass on to the new in that time. The sellers do not have the time or the patience to hold it seems, and perhaps Art wants them gone before updating the market.. perhaps.
I believe this will rerate significantly higher, many multiples. But for me it’s impossible to further add until the things we do not know come to light. The lack of even a TR1 is discouraging… being intentionally kept in the dark is a red flag and warrants no further loyalty!! which is why, one reckons, we are not seeing lots more buying.
People very wary, they know they’re not being given a fair playing field. But waiting like me, for the truth.
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