RE: SP7 Nov 2023 10:21
Morning Rock…. I remember you from the 2p days here….
I like you can see how this share has been played to the advantage of a major shareholder who quite clearly was given advance notice of the drill.
The SP is back to pre leak status and one can only show surprise that after the successful drill, the market cap has stayed static. This suggests that there is no economic or financial benefit coming our way. Markets are normally forward looking, so we can only take from the reaction that the market wants more…. If one positive outcome didnt help, just gave major shareholders an exit strategy, why will the next one.
I say again that if the first result indicated $1bn dollars of oil belongs to Crcl and it can be realised short term, then there is NO WAY we would be sat at £8m market value….. so what’s the real truth?
B