I sure agree with that. The sale of Central Petroleum shares is likely to only give Magellan a 5-6 month respite so HH is vital.
Might very well have done so if purchased as actual Australian shares (on an Aussie exchange) which have ranged from about 15-32 in the past year.
In the meantime this overall market decline could smack everyone pretty hard. I certainly am not buying anything at this time. Cash is king right now.
UP 2, DOWN 2--such nonsense. Drives me nuts as I am getting relatively close to my target range of 96-100 for selling but it does not seem that investors want to push it there yet.
14 was the high and then China smacked down multi level marketing that was working for the company. We had about 20 cents per share in earnings so the price was probably higher than it should have been. By the time we had to do the reverse split the stock had plummeted. Luckily, I had sold around 11 so came out OK and felt willing to put some money back in around 3 before the reverse split. So I am now needing (given purchases after the rs as well) about 7.50 to break even. I am not willing, however, to hold this forever and if I do not see profits within the next 6 months I will probably take my loss and find a better option. Hold for now.
And there have been times when volume has been high and the shares moved rapidly higher. Your statement applies to many companies especially smaller ones in a market that is being savaged. I have owned shares since the company was headquartered in Woodinville WA and have seen it as high as 14 dollars a share and seen it go through and survive reverse splits.
Some posters on their board continue to posit that Magellan is a target of UKOG. Whether they think just the Weald properties or the whole shebang I do not know but would suspect just the Weald. I now expect to get a thumbs down from a couple people just for relaying what someone posted from England.
I would guess you don't order tankers to a site unless you expect oil to flow and pretty quickly as these tankers are leased and not owned by the HH1 consortium.
Should see the equipment arriving on site in a very short time now. I hope to hear about preliminary results within about 6-8 weeks.
Rocket explosion was in late 2014 before the merger took place and ATK divested its sports and ammunition sector into VISTA.
Now let's see all this positive spin become evident on the bottom line. Otherwise "tis but sound and fury signifying nothing." Perhaps that is a paraphrase and not the bard's specific words but I am sure my intent is clear. Buy with a stop loss in mind.