I doubt that I will give up my substantial holding at 20c after all these years.
I doubt other long term holders would either. But I am sure many including myself are holding onto the cash waiting for the falling sp in anticipation of the upcoming CR. And the selling continues to test the patience and ball of steel (or fool courage depending on one's point of view on this investment of course) of investors. The dilution and debt service are hurting small investors like us big time and so that is my gripe.
While I agree with you Micheal the protesters are thick in their rationale and thin in their member numbers it is clear that things can get out of hands because they are desperate got nothing to lose and extreme in their view and resolve. Just look at their despicable tactic by intimidating Caudrilla local suppliers. I believe these nuisances intrusion will and have slowed down the progress of site building.
DE previous points are valid that oil majors are divesting from North Sea assets (which also make many off shore people hating shale) and taking on more interest in onshore as swing producing assets due to low cost setup and less planning time (except local planning of course). Recent acquisitions of US shale assets by Exxon Total Shell and expression of interest by the normally anti shale BP are corroborating evidence. But can Caudrilla attract such interest is a contentious topic?
Sorry my rant for the week.
Best
Tgn01
AJL Price at posting:
36.5¢ Sentiment: Hold Disclosure: Held
(20min delay)