I think you have plenty of drivers listed there CT. You missed England winning the World Cup in Russia and the positive effect on Investor sentiment. Although...BWIN give England <6% CoS.. far less than Char striking oil.. J
Should be an interesting opening Monday morning. 23.75p could quickly lead to 25p. If news arrives then 30p is very possible.
Peel Hunt really need to update their price for RD1 87p when oil was $42 is now massively false. $70 oil really could lead to a tripling of that valuation as I posted last week.
On the oil price though we could see a very steep rise if Iran is barred from global markets, North Korea is attacked or Venezeula collapses. Plenty of variables out there and RD1 is right on the doorstep of European markets so very much safer. All of course if we find oil.
Anyone any thoughts on the after hours buy? The price was punchy at 23.75. Could this be an indication of price for Monday? Chatter on LSE (which is a bit livelier than here today) seems to think news is coming soon.
FWIW I added £10k last week so I am now in for just under 0.1%. Tiny by many standards I know.
Around 7.36m shares, which account for around 2.75% shares in issue have been traded so far today and the SP is now 22.34p +2.97% - it seems like there is a willing buyer who wants in. The 100k seller is a distraction IMO.
I have 12 weeks to do what I intend to do city...I may even derisk less dependent on what news we get in this period...I certainly will not be doing anything for at least 2 months...
As I said, its purely a maximum 10=20 % derisk strategy, A million sounds a lot doesnt it, but in the scheme of my holding here it is only a modest top slice and I have these at average in the 7s... I will still hold more than enough stock to enable me to significantly change my life
From a very good one to a very good non working one...if we are successful, which I think we will most certainly be..
As far as contacting the company, yes I agree, I have already made contact with the new PR outfit...
This is not a normal oil and gas play Bottomley is not a Normal Oil and gas CEO, does not mean this will not make the patent and understanding ones very rich on success.....and I think people are seeing this now.....
I will be quite transparent when I start to do a small derisk, and the size of it , just like I have been the last few years when I have accumulated..
I can understand the management keeping its cards close to its chest whilst they have been accumulating shares over the years. Clearly the lower the SP the more shares they have been awarded. That accumulation plan must now be over as we begin to drill our amazing prospects.
I guess its one reason they have now employed a PR firm because they should now be planning on getting the SP as high as possible. Yet still nothing is happening. I suggest people write to Chariot and demand an update. Its been far too long since we heard anything.
As for you Wheepo I'm disappointed that you plan to sell a million shares but hey a profit is a profit.
Pretty much correct I would say HS.
LB cares not one jot what the SP is at pre spud, like he cared not one jot when it was at 5 pence , I have always had the impression he cares nothing for moaning PIs or depressed share price .
He is working for a greater plan , this is clear and he is working to succeed on multiple fronts...
This of course makes for moaning and groaning by PIs which I have been a part off I hold my hands up...however I now feel , we are on the start of something really big here , and moaning about SP not being as high as some would like is not really relevant in this big picture.
One may say , I think a CEO only cares about SP at spud if they are nervous and dont have high expectation of success, I think we have the opposite here.
My strategy has changed a little in that I now only intend to top slice a lot fewer ....I am more than happy to keep my bulk now and hold them to see success ...
Of course many long termers want to cut and run ASAP at the highes5 price they can get before drill results, , this strategy by Chariot wont help them there I feel...
I will continue to moan a bit, as my position here is larger than most and I feel better in having a moan at times, however I dont have any real issues holding 80% of my current holding past RD1 results..
Great Q. DCT ... Thanks for sharing Wheepo. Your best post.
Imo the pr co are not here for PI exposure. But still it supports further investment by PI's on the back of the Co engaging with strategic investors to back the longer campaign, which hopefully provides support post RD1. Pis will come and go and I don't think the co care greatly if the sp is 20p or 30p at spud. It doesn't change the fundementals any more than it did when Sprott bought in..I'm not suggesting in any way that co don't want the sp to rise but if they want institutional or Sprott types to get onboard, what better than to have a undervalued SP.
Doesn't assist PI's considering de risking our cheaper shares nearer spud but why would that concern LB.
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