Good news & SP goes down 26% at one stage! Would it have tanked further on bad news or have gone up ? Who knows ?
One of the good things from W/Nar was SM's comment - Funds providers were biting his hands to provide funds or words to that effect.
SM is a brilliant man as an O & G Engineer but as a Marketer leaves a lot to be desired. I am very grateful to have him. However, we need a new Marketing Coy. Surely SM is intelligent enough to realize that the SP/MC is important to fund providers etc. I think he thinks the SP will look after itself.
I keep seeing the photo of the jubilant Energy Minister / Nairobi 2017 holding up an Africa Oil Fluid Sample 17/01/17. To be fair though the Sp only moved marginally ( $2 + ) at that time. I think there were previous discoveries in 2013 that sent it over $10. But I'm sure a sample photo would have helped our SP immensely.
In a previous webinar, SM mentioned last 10 years had been hard on him & family. A subscriber said he may move on after M1/2 & join a few boards. He did just join the GLV board recently, another NI favourite.
SP should be flying. Dow is setting new records. Yet the Small-cap explorers are still quagmired.
I still like IVZ but think it will be slowly & surely for next year or so, especially if we have more badly-timed CRS. Hopefully, we won't need them soon.
YEAH THE BOYS
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