Can't believe many here still are not able to digest the root cause of the SP struggling by the fall last week. Some seem totally oblivious to what that RNS said, unbelievable! Wish some of you could read the broker's comments, they are just as angry as I. It's obvious to the market, brokers, market analysists, many LTH's and experienced O/G investors, that badly BOP worded RNS caused 30% fall and will now struggle to recover. Plus, the wording in this RNS hasn't set the market alive either. Well not me in any case. Well done 88, NOT!!!
So, my plan now is all about timing the exit and take a much smaller profit than I had hoped, thanks to 88's unforgivable mistake and my biggest decision is how many to keep until next year (50% CGT) as SP will certainly be sub 1c soon after they pack up imo. That's not manipulation, so don't go there, not having another year of that rubbish! Hopefully hold enough to vote for new MD imo.
No excuse for what 88 said to the market and that is what caused this retrace and SP will now struggle to get to 1.3-1.5c imo. Can't believe some here are blind to see this imo. Or imo, more likely just desperate to pump the SP so they can exit. Hope they make it work as I would like a bigger return, lol. IMO isn't going to work, so just focus on the root cause imo. LSE/OTC aren't going to be our SP savour, only a new MD will imo. What a waste of time this has been and a big mess. Not impressed!!!!
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