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Make a s**t decision investing in this one at 48p, be lucky if ever see it again at this rate
Down again CAD 34p.Sorry to hear that Morgan cant really make it out myself.A good few months ago they had a massive placing mentioned an acquisition but nothing so far not a word about anything..A certain poster insulted me here when I sold out at 63p and made a very small profit well it just shows you how clever he turned out to be.
Morgan22 - I did say to expect the share price to fall. I sold out last September for 67p & like tom111 got lambasted for doing so. A few knowledgable posters on here would have you believe the share price will be £1 next week and blame the price drop on 'low volume' or 'the next drilling update' will turn the price. Don't believe any of it.
European gas prices have fallen from 400p / therm to 135p in the last year and are forecast to flatline for the next 5 years so I don't see a big improvement in the price across the pond either.
Suggest you go over to ADVFN and read the posts by 11_percent, he pretty much sums up the poor share performance.
I think the placing was very well planned, ramp the price up and take the cash, I'm still waiting for the elusive acquisition RNS!, think I may have some time to wait.
Don't be to despondent typical AIM stock I'm afraid, some you win and well you know the rest.
Typo sorry, European gas prices have fallen from 700p / therm.
According to Hannam & p isn't this targeting 8k 13 & 18kboepd in year 1-3? this is a new one to me but I see 80p here based on existing gas prices and increased production. Assuming progress is made this looks very cheap, it's worth 25-30p now but not after that. US gas is a bit too cheap, lets see what happens when people start refilling storage in a few months.
Thanks for info all.. let's hope good news is just around the corner
Manofnomeans is SO quiet!!! So quiet!
Yes, I'm still here. It's been an expensive way to say "I told you so." There was definitely something off about that corporate mugging of a share placement. Appalling corporate behaviour.
Still obsessed with me I see. I hope for your sake you were paying attention when, back in Sept/Oct I was suggesting on this thread that folks take a look.at PXEN. If you did then you will have bagged on your investment and more than covered any loss you might have made on SOUC.
The last couple of months production volumes from GH 19-3 take us to a point where the sample size is sufficient to reinforce what were early but premature fears of abnormally high decline rates.
The new wells about to come on stream will need to perform much better or the early promise of this investment will continue to dissipate. Management communications have been appalling which as you seem to have missed it, is something else I was flagging up months ago. Maybe you would benefit from taking a more balanced and mature view of what folks have actually posted? After all PXEN will have been a painful miss if you chose to ignore me based on your opinions of what you think I do or don't know.
You do make me laugh. I can assure you you're the last person I would take investing advice from.
"Losses on SOUC" that's the first time you've even used the phrase. You've consistently and erroneously talked up this company as if you have some mystical knowledge of what's really going on and it's all been a crock! Remember using the phrase "avalanche of good news on the way". Deluded then and deluded now.
You got it all wrong. And are probably still getting it all wrong.
Probably the best bet is to wait a few months lol as if we didn't anyway and come back in May/June when EU is filling up again,they had the benefit of Russia supplies for the first few months last year but as you know that's it from Russia.A spokeman from Germany on Bloomberg was concerned it might not be easy for supplies this year with competition from China
Viable seems to have disappeared since stating he was going to buy on MONDAY LOL