PYM pryme energy limited

Ann: Deshotels 13H Flow Test , page-25

  1. 5,906 Posts.
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    Obviously all would (mostly) be forgiven if they got a well or two flowing with good results in the near future, and we'd all be thrilled, but I cant see anything to give me much confidence unfortunately.

    None went through at 8.2c this morning, and only a tiny little packet at 8.2c this afternoon. If the first packet this morning went to you and your bid was 8.2c, you got them at 8.1.

    I can't see any reason to sell now because the stock is almost illiquid, but I'm regretting buying so much and think this may turn out to be my biggest ever loss (certainly would be if I tried to sell now, even if I could get 8-10c for the lot, which I couldn't). If we don't get some good news in the near future I think we risk sinking a lot lower, especially in a risk-averse climate. We've been given a lot of reasons to have doubts, and despite promises of good news and promises of being kept updated we've had nothing but silence for far too long and a few months of consecutive bad news before that.

    Of course, if they do work out how to drill and the land is half decent we'll all be kicking ourselves for not buying up big under 10c, but my faith is waning.
 
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