"NEN and TPT are 2 examples, never really recovered, we might see this below 5c tomorrow." - Bahar
What a croc fella's. If I had funds untied up today (which I will tomorrow morning), I would been happy to buy at 10c today and was considering it by selling another share I had to buy in. I didn't but I am tomorrow, then going to sit back and relax.
This is way overdone. You guys must want in lower. This will go back over 10 soon. 2 weeks ago they placed just over a million shares at 32c. Much would have been known then about this well. This is being priced for extinction right now which is good if you have money.
NEN as you know was a very different story and irrelevant to IPB. NEN's history management wise and their ability to blow money on pointless stuff like move the whole Perth office to corporate Sydney, cover all moving costs, pay for workers rents for 12 months in advance, then a year later move them all back over and start the Perth office again is an illustration of NEN's credibility in running a company and rightfully so, they fell like IPB and stayed there because no believes they can make good decisions.....they screwed that Vietnam well up very nicely then ran away with their tail between their legs.
IPB right now is an opportunity I rarely see.....a few hold and maybe 50-100% return....that's what I see and as you saw today where it went from 4.9c...way oversold...to 10.5.....that's more than 100% return. And it will do it again. Some people get margin calls in these situations, some have to legally balance their portfolio's. Traders don't have some stipulations, only those they impose on themselves.
Mark my words....this will be back over 10 shortly. Keep in mind there is only 113,668,586 shares right now giving a market cap of $5.9 million at a close of 5.2c today. That's friggin ridiculous and people shouldn't listen to scare mongers writing one liners. Do your research, look at the price history, look at the company's position, their plan and who's in control. Ring them and talk to them about their plan going forward. This is one well. Dusters happen. Its not a 100% hit rate for all wells all the times. Make an informed decision on your own.
I don't post often but will come back to this thread for a chat once you see the above unfold.
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