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[helpfull] 06/3/2023 10:10

Cor blimey,guv!

"Am sure Muddy water will close some of the shorts after profitting"

Yes! The time to close shorts is just about when they start to profit exponentially.

Because those people are the type who shun risk.

And buy premium bonds.

Be careful.

[bigdazzlerreturns2] 06/3/2023 10:06

sirmark6 Mar '23 - 09:40 - 31910 of 31913
0 2 0
ARDA for the first time on the bid I believe as have been the number one seller for the past month or so maybe be one if not the broker for our shorts.. and bidding "may" be a sign of "some closing at this price lets be fair it doesn't get much cheaper does it. I bought another 140k this morning however did miss the 26/27's as I couldn't get a price.

Hanging on and topping up at this price.. be greedy when people are fearful.






Being greedy is being stupid as it shows no discipline or money management which is the quickest way to the poor house.


It doesn’t get much cheaper than this? Again this shows a poor understanding of fundamentals and also stock price management. If you put in £10k and price goes down from say 25p by only say 12p you have lost almost half your investment 5K. If it moves down by 6p you have lost almost a quarter of your investment.

This could easily go down further over the next few weeks and months. Don’t get sucked in by the ones that are trying to push a dead cat bounce over the next few hours/days.

[deanmatlazin] 06/3/2023 10:04

Am sure Muddy water will close some of the shorts after profitting more than 1005. They short circa 80p+ . Well done!

[kemche] 06/3/2023 10:00

MOFO kicking in.
Be in at the weekend.
GLA LTHers.

And Barry.

[r88ave] 06/3/2023 09:54

Swiftnick..sorry misread....even so still over $10m per year...
One question would ask yourselves how big is the play field...they said this represents 4% of the oil field....you dont need a calculator to workout the potential.

The first oil encounter and producing has lowered the risk hence why i believed it has bottomed..Everyones has been dragging this down for a while. The tables has turned and derisked

Will continue hold and accumulate more...

[helpfull] 06/3/2023 09:54

Cor blimey, guv!

"be greedy when people are fearful"

I think Warren Buffett will be all over this.

He's one for "averaging down" and "it would be rude not to" and "fill your boots" and "wouldn't want to be out of this for the weekend" and the "bottom drawer".

Although. It might have been better to have been right beforehand. You can save money that way. You've got to be in it to lose money.

Be careful.

[talais] 06/3/2023 09:51

88e looking good, they are drilling deeper,

[2 solaris] 06/3/2023 09:46

It could be worth buying at 20p but it's been so diluted even that is a risk. I got out in the 120's, told a relative to do the same but he still hasn't sold, oh well.

[sirmark] 06/3/2023 09:40

ARDA for the first time on the bid I believe as have been the number one seller for the past month or so maybe be one if not the broker for our shorts.. and bidding "may" be a sign of "some closing at this price lets be fair it doesn't get much cheaper does it. I bought another 140k this morning however did miss the 26/27's as I couldn't get a price.

Hanging on and topping up at this price.. be greedy when people are fearful.

[bigdazzlerreturns2] 06/3/2023 09:36

Let me guess the guild idiots will be saying once again that the market has got this wrong.

[kemche] 06/3/2023 09:36

Good news interpreted as bad by the shorters. Chance to average down by the LTHers.
Thanks shorters.

[kemche] 06/3/2023 09:34

Clearly good news interpreted as bad.

Barry strikes again.

[truant2tb1] 06/3/2023 09:31

The smell of panic pervades the Guild... Forwood - WHERE ARE YOU?!

[swiftnick] 06/3/2023 09:13

R88ave, I believe that only the liquid hydrocarbons (c 505 barrels a day) are sellable. May be wrong.

[r88ave] 06/3/2023 09:06

1000 barrels per day....equates $27m per minus minimal margin cost on one test. Bargain at these prices...