The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Even if oil did drop back to $72 that's just 10% off it's high. PFC is already almost 15% off it's high. And theres no guarantee we wont see $80 plus again before $72. Also the difference between $72 oil and $80 oil is nowhere near as significant in terms of making projects viable as the rise from $50 oil to $70 plus oil - that's is what will make a real difference to PFC . Then you have the fact that PFC was trading at 850-900 off $50 oil before the SFO. So all in all this drop is way overdone
Of course with benefit of hindsight you'd sell at 7p. What a ridiculous thing to say. 10 out of 10 for stating the bleeding obvious. Buyers will be back once C1 date is confirmed. Then stale holders will get a chance to exit if they still wish to.
Don't be daft. If the Tanzanian govt decide not to grant licences to firms that have invested heavily in finding resources what do you think that would do to inward investment. Theyre not idiots. The licence will come.
"As I am �130 K down I have no alternative but to sit it out now to see if I hopefully get 50% of that back at least, as �130 K was half of my lifetime's savings" Now I think aex is a great little company with real blue sky potential but anyone putting their life savings into aminex shares wants their head read.
Respect has to be earned. He's "genuinely" claiming to believe the B.S. he posted and "genuinely" claiming he bought more shares recently. Why on earth would you buy shares in a company where you "genuinely" believed they cocked up a drill and reservoir due to gross mismanagement? He's either an idiot or full of shit - either way I can't respect that.
Lol. Destroyed/ mucked up that's just semantics, you're grasping at straws. I tell you what you stop spouting crap like "they mucked up the reservoir" and I'll stop pointing out the logical inconsistancies in your posts.