New Projects and good prospects. will be the winner in 2004. IMO
25p in early 2004

The market seems to get fixed ideas about the max. a share is worth. Breaking through the perceived ceiling of 17p may take some time. Perhaps the RNS will do it.

107606 : mouse or man - brave or not? Sell and make a few bob? Or buy in again with little cash left(spondo) and make more. Decisions, decisions. Dont smoke so no Hamlets to burn, nails bitten with worrry so.. Its going the right way now, fingers going white holding tiiight :-)

Don't know, but I'd probably buy in if i had some money... Lets berak the 17p together!

gavdfc

A bit more on trade sizes and the "big" ones. Marketmakers invariably potray these as the opposite of what they really are. It's not a cast iron rule, but is true far more often than not. This is especially so as some need not be reported on even the same day they are made. Try not to get too hung up screen watching trades as it diverts you from what's really happening!

As to my holding, I'll run what I've got.

Al
;-)

Big Al,

Thanks for that. My understanding of some of the trades was that delayed trades were delayed by 1 hour and T trades were only reported when they were filled. Some may be reported days after they were placed? In trying to decide a buy or sell on a delayed trade, we only have to price to guide us? My understanding of all these big trades is that once they are reported, the affects of it eg - buy or sell is already in the price once it shows up. Interesting that the MM's try to portray a big trade as the opposite of what it was. Who'd have thought that. ;-)

Watching the trades doesn't influence my investing, I do my research before I buy a share. But on day's when the price is moving up fast, it's hard not to watch the trades. Nice watching these profits rise, not so nice watching them fall though!

As for my holding here, I'm not adding to it, have enough and will be holding for the foreseeable future. Not one to put all my eggs in the one basket, would rather spread them around.

Cheers

Gav

See what I mean about the 17p barrier. Chinapete is not wrong every time, despite unkind rumours to that effect.

And I bought 10,000 Sterling Energy shares yesterday, another little winner IMO.

Still watching and hoping!

Pete, 17p could be broken if we have another day like today tomorrow. Who knows, may even be broken today. As for rumours...

Good call on SEY, would say that as I'm biased I guess, have held for a while. You'll be in profit on these today already.

Settled nicely around the 17, more positive tomorrow will get it going.

Up through the 17p mark, so that is a good start. Just a staedy trickle of nice rises up to confirmation of the spudding. When do we think this is going to be?

Good solid trades going through all day. Should see an upward movement either late on, or maybe tomorrow.

If it can push 18p, we know we are getting somewhere!

I'm quite impressed with the way this particular company is doing.

caraaye

so am I :-)

Great volume over the last couple of days, RNS is immenent, if it appears tomorrow this will break out, and the rise will be fierce

RNS by means of progress report, RNS regards drilling will come early November. Without doubt if there is press coverage over the weekend, which could be a posibility we could see a good rally. Tomorrow will see a lot of activity.

"The market seems to get fixed ideas about the max. a share is worth. Breaking through the perceived ceiling of 17p may take some time. Perhaps the RNS will do it." earlier post.

We could be being held back by the earlier analyst forecast that the value of PCI based on its prospects is 18p, and this could be a widely accepted market view, with a reluctance to pay any more without some oil. We may think it is worth a lot more, but of course in a more sceptical environment it has a solid value of about 2p, and a possible value of 30+, albeit with a great deal of risk.

It seems to have gone off the boil today - lets hope the RNS can get it going, although an RNS pointing to Institutional downsizing won't help one little bit.

Prepare for the worst and hope for the best. We may have to go right up to the line at this price level or even less. But I do hope not because I want to do some downsizing of my own!

Good luck to us all tomorrow!

Pete, how's the nails doing this evening! The analyst's report you mention I think is the Davy's note? If it is then as far as I can remember it only includes a valuation of Tunisia and does not include Algeria or Italy. I guess a lot of holders right now are just concentrating on ST and not really looking forward to Algeria or Italy which is fair enough. Maybe that's why the 17/18 mark is tough to crack. If I remember correctly earlier in the summer this point seemed to be the resistance point which brought out the sellers.

There's always tomorrow!

There's always tomorrow

And look what thats produced!

Tree shaker MM want your shares.

Is that based on :
16.75/17.25 going to 16/16.75?