Del, LETS HAVE A BALANCED DEBATE! And keep your hair on! Are they paying you to post on this BB? :-).
Delboy, oh..merry christmas.
No I am not stretched but I am not as rich as some of you to wait till Im 40 to see this pass the 30p mark. I mean the sp needs to perform...this is simple.... Your right, patience is important and I am getting my thick skull to understand that.
On another note, patience is most critical to successful share trading when it comes to the likes of companies with revenue - I mean it is inevitable that their revenues will increase with time as the product becomes widely acceptable and customers take a liking as well as with incremental product development.
When it comes to the likes of small E&P companies the patience strategy maynot necessarily do us too well, and opting for a halfway house between patience/opportunist behaviour might be the way forward. Apologies but I can see a thesis coming on with this topic - may be my PHD.
But afterall I am in here because of the risk-reward ratio so I guess it sounds abit hypocritical..... LOVE U ALL AND GOOD LUCK TO ALL ENCORIANS WORLDWIDE!
I just think that elp rose from 19p to over 40p upto the drilling of jaguar and then dropped to 16p after bad news. Now if that thing can do this then surely eo. will do better as it has alot of other things going for it. The great thing is that when GE is drilled the journalist will talk about it as well as the other activities eo. have been engaged in recently.