Ann: Cormorant-1 Exploration Well in PEL 37 Offsh Namibia Result, page-57

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cujo

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24/09/18

12:23

Post #: 35797748
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Originally posted by Mr.Hustler ↑

Sorry Folks. Not the news everyone wanted to hear.

I did get targeted as a down-ramper by some as my message of caution and the risks were not well received by some. I can understand getting caught up in the hype and there is always the chance of beating the odds – but it’s always important to be aware of the odds and work out whether the upside was worth the gain. I sold out at .008 and stayed out. Could have been wrong, but a success here would have been beating the odds (COS 15% - 1 in 6 change of winning).

Where to from here is really dependant on when PCL can manage a farm out of their next well? Is this 2019 or 2020? Could be more difficult now as Cormorant was touted as a location picked to give a good chance of success. I haven’t been following PCL as my eyes are firmly planted elsewhere. Until a new farm out happens I’m not expecting much to happen with the SP. Possible further dilution is on the cards as the company will need money to survive.

I’ve been in a similar position before. It took me years to recover my investment but was lucky the company I am invested in had a success.

The best of luck in your decisions whether you tough it out or look for greener pastures.

I probably won’t be back posting here unless things get interesting again.

All the best – Mr H.

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Bye bye....

PCL Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.4¢		Change 0.000(0.00%)		Mkt cap ! $113.8M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.4¢	$17.70K	1.257M

Buyers (Bids)

No.	Vol.	Price($)
19	6743469	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	958636	5

View Market Depth

No.	Vol.	Price($)
32	69312118	0.002
63	107363389	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	64092918	61
0.004	28276380	36
0.005	18910064	13
0.006	25475000	9
0.007	7222222	3

Last trade - 16.10pm 15/11/2024 (20 minute delay)

PCL (ASX) Chart

Ann: Cormorant-1 Exploration Well in PEL 37 Offsh Namibia Result, page-57

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