We all need to understand that the current market has no appetite for anything, it is run by robots to push prices down esp if there is no buyers in the market.
the trading volume is low, the share transactions are ridiculous and doing 1 share at a time to push people to sell. For those not able to understand the psychics of the sharemarkets, it is time to read up value investing as robots do not care about the business except the market trend. It is a good learning lesson for who is keen to learn.
The company is debt free and we will not go bankrupt even if poo goes down to $30 again. We have large oil and gas reserve, if you do some simple maths and you will know our reserve is greater than current
sharemarkets value unless no one want to buy oil and gas in 10years time.
when we start selling gas and oil in the not distant future, you wonder why we didn’t have faith in the business but beat by robots which does not understand how to value businesses.
Be ready to trade again when the market is more steady, makes the robotic play be your friends instead of being tricked by them.