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Yes your right. The RNS's are coming from the private investors (Palm) so the OVO deal must be in there interest. Remembering that Shell is a major creditor to FLOW the deal with the Co Op must be in there favour. This is what happens when investment companies try to run a business. I know which company that I'd rather believe. As an energy customer I'd much rather be going to the Co Op, shan't entertain OVO. AND remembering the shareholders get ZERO whatever deal goes through.
Will change of adviser make a difference?
What do you think
... is the share price going so far south
.... so why doesn't the price go up
Thank you npwarf
Hi BradSmith Not disputing that 2P is up almost 1000% The RNS was reporting 2P & 3P which in total is 467.4 BCP, which is up 202.4 BCP from 265.0 BCP = 76% OR is this not how gas reserves are measured ?? tidd83 took 4 minutes to shoot me down. Sorry I thought that I was posting correctly. obviously not ?
OK Tidd83 calm down. I'm asking the question. I thought that I was doing simple maths. I am not an expert so would appreciate your thoughts
My point was that the share is being pumped by the posters, 3P is up 63% 261.1 BCF to 426.6 BCF 2P 3.9 BCF to 40.8 BCF Not an expert on gas reserves but to me that is on increase of 76%, so lets round it up to ....... ??1000%. I'm invested here and being patient, but I guess other investors can fool themselves into believing much higher figures when they want. OR are they pumping.
Sorry but I think that this 1000% upgrade in reserves is being over stated on discussion boards. Over all there is a sizable increase but no where near this %. Do agree though that if you are a patient investor and not a trader then the current price is very cheap.
MMs manipulating the prices. Can't Buy any at the moment so the price should not be down
tidd83, my experience of gas reserves to generation level is zero. Could you give me your opinion on what generation is supported with the current declared gas reserves and so therefore what figures are we looking for from the latest drills.
I'm a great fan of ARM but after very good figures lately the share price has stalled. Can't help but have a nagging feeling its going to drift south. Any comments?
Yes I did, no problems to report. All went smoothly.
How on earth do you know these are Institution sells?
NO they don't is the simple answer, one board member leaving does not warrant this drop in price. The RNS said it all "Following a recent review the Board and Peter, working together, concluded that his appointment was not working in the way it was intended" Thanks to the sellers I'm happy to top up at this discounted price.
No News is bad news at the moment!
Thanks! some how missed it until I re-looked for the RNS this evening. Onward and upward then?
What News!
Tipped this week in Shares Magazine to go above 50p over the next 12 months