Interesting to see all the tumult, some of it getting a little too personal.
As one of the very first ever to buy this stock (and in huge quantities), I followed it closely for some time, but once PB passed on, I lost a lot of confidence because of the massive dilution and some odd announcements. (The one last week was poorly written and in many large public companies some quite severe action would have long been taken. Small investors MAY HAVE lost money and were certainly disadvantaged against the LSE continued trading.)
I had been trading with the shares and especially the options and decided to get out altogether and review the situation again once this hole had been drilled and analysed.
Its looking mighty good and I have begun, once again, to accumulate to speculate.
Face the facts, if you decide to dabble in speculative oil exploration shares you must expect that in the vast majority of cases you will lose money if all you do is buy and sit.
Where is Jimbo and Mike and many others?
It looks like we could be taken out if results turn from so so to really, really prospectively good.Certainly a good farm out deal is on the cards.
But let us see what the analysis shows.
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