Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
I am still holding, but in all honesty wish I had sold now to buy back for more shares. Still some of us dont have jobs where we cant monitor whats going on all the time and get stung on sharp falls. Still I am confident what has been found to date more than covers the current share price so all good to hold. Get this placing news out the way which we knew was coming, (although 10p? We will see) and then we can move forward.
No news is telling, I don't know why they wouldn't do a primary bid offer at 14p, would have still got the money. If true shows a lack if business acumen.... Your fired!
Johnny do you really believe that? Thats up to you I guess but it certainly isn't nonsense that aaog can be profitable without djeno.
The geology has been derisked on the way down but 25 % would still be good for exploration. I am confident of success but if not, we are still going to get a highly profitable company from what we have already. Its a no brainer to hold now.
Lol, all before the drill started this was always a djeno play for real money and that hasn't changed for me. However with the success so far we already have a highly profitable company going forward so shareprice is underpinned easily at this level and as fincap suggest 38 is a more realistic value so far. Bring on djeno.
Today is the 30th day since the drill started with the completion guidance of 30 to 40 days. We already know theres gas, more news must be imminent now. Im hoping not Monday but expecting next week.
Dadobi didn't think the price reached 120p hows that your average?
If they knew it was a dud they would have to tell us, if there still testing they don't. Some hope still there at least.
Sredman, are they still testing the paleozoic here? I thought that had changed?
No news today so we can kick off the new year in style.
Spunken have you got a link for investors to go to.
No raise, wireline logging confiming commercial find better than anticipated and on to next target. We are already potentially commercial and profitable. If we find in djengo which looks promising, we will be rolling in oil, then we may consider a raise.
Merry Christmas all, great to see the confidence returning to this board. Lets hope it continues and those spiked at 40 get some profit.
They will continue drilling after logging to djengo and perhaps the vanji but thats not certain.
Matlock these things always spike, its the djengo im interested in, you traders do what you like, im after big potential and dividends.
10 m r2 -Alexios we found a 20m r2 so that bodes well.
Mengo intersection by Friday and wireline logging before Christmas day. Merry Christmas!
Hopefully they will raise at a much higher price and the dilution will be negligible compared to the income from the Wells.
Spike I would be surprised if they don't raise once they have the authority. I expect it will be under the gise of accelerating a drilling programme, but if no deep oil it will be to workover what we have and drill a number of r1 r2s
Oh well, a Monday rns is probably better anyway for moment into second zone.