Hope so Kempey. I can guarantee my purchase this am was pure luck and the usual "leap of faith", rather than being in the know. It did seem that recent RNSs were de-risking so another 4k or so would be a good bet.
Most of the gains from last week lost in a jiffy.
Those gains were based on an II deciding to invest in drilling a well. Splitting the profit. Giving FRR a risk free profit in just a few months.
I'm very disappointed.
I like your enthusiasm Hottrader but only minimal amounts of oil will have been produced and sold last calendar year. Not much different to previous years. Add in the 45 day payment terms and it's what was produced by mid November.
I love weekends like this. We ramp ourselves into a frenzy. Everyone hunts their last couple of quid and buys first thing. The spike lasts about an hour and the flea skinning traders pinch the money. SO MANY TIMES. But the snowball is about to roll down the hill.
This time for real.
Good luck all lth.
ODR . I think the real reason why it is slow progress, is that there are so many shares around all bought at various prices for various reasons that every rise is sold into. Even with good news patience is required.
Yesterday's rise was based on a preview of this RNS.
Oh to be told the result before the game - would make gambling more fun.
Well done ZZ and FRR Team
IMO including the 4m sell late yesterday, there have been roughly equal buys and sells since
Minuscule volume today. 6m or so
In no way does this justify a 3% fall.
Our mates reckon 1 ten thousandth of a barrel per share per year.
1 barrel creates 50 dollars profit (ish)
50 dollars = 5000 cents.
half a cent per share
SP of 1 times sales = 0.5 cent = 0.37p
Not far off current value - we must be producing at other wells. Oh yes so we are
Top tip mates - I knew I was in the right share
If a major is calling the tune at UD2, would they have to pay FRR for the privilege. In which case such a payment would appear in the accounts. Did it start last year and will show by the end of June. Hence zz buy 10 days ago.
Extensive thanks extended to StarRage.
There is a 30 day rule about annual results & director buying. Results due by end of June.
Are the results going to be early this year?And very good? Did Zaza buy comfortably before the 30 days to avoid suspicion? Or is it the BIG ONE! 10% of the 30 days gone already ! Yes I am counting!