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

Your call m100.

No one can put a time on any stock rising again. It may not rise.

"It may not rise."

The history of most stocks crashing is of a 50% recovery but not necessarily immediately. It works over and over again. But the problem here is confidence. The management won't be so readily believed in future - 50% of success,free oil, 400m barrels, so good we are going it alone etc. and all the other Oirish Blarney.

But I would have thought that a buy at 9p would be fairly a safe bet if it were not for the unknown behaviour of the institutions, who screwed us up last week and stopped the rise to 20p which we all expected. If any of them start offloading to cut losses or because they are still in profit we are up sh**ts creek, or at best locked in the 9/10p range watching another load of 100/250k sells going through. Best left alone for the moment IMO.

Just my current thinking. Time will tell.

Now looks like 10p is a barrier. 0936 hrs.

Im sell at 9.5.

And everyone waiting to see how low they will go!

BLR is drilling today

The 9.1 trades are BUYS. inc the 55k!

As I said, it may not rise.

Am disappointed to see 9p support fail lat on today. Keeping an eye and expecting 7-8p short-term. I'd possibly buy again at 7p, but if that goes then I'd expect 4p thereafter.

Best of luck, folks.

big al...wishful thinking...looking to buy some more perhaps??? what a load of botox...do you ever give up??...i expect a recovery sometime this week now the dust has settled from the ridiculous over reation last friday...can see us back to the 10 - 11p range pretty soon...but as they say dyor!

Cant get my head around the price, every time it went above 17p there were big sellers as if some one knew what the outcome would be.

rooandu - I said quite a while ago that if things turned sour we'd likely see 8p.

Wasn't far off! ;-)))))))

goal...looks like some probably did hence the price stuck at 16-17p range...but ST is only part of the equation and there's more important developments ahead...the sooner pci release details on their algeria interests and others...then confidence will be quickly restored.

Shorting of this share is rife at the mo with claims the sp is going to fall even further...genuine holders would be expressing a positive outlook and certainly inclined to talk the price up rather than down...

big al...agree...but then that was the high risk of this play...a jolt to 8p does not suprise me with all the hype over the last few months and failure to fulfil peoples bloated expectations...however, i can't see this falling any further and a recovery whether you like it or not is on the cards...ah, and i nearly forgot, i don't like know alls and in my experience, they're rarely always right ;-)

ROFLMAO!

Whatever cooks your goose. ;-)

Good on you Al, respect for admitting you took a hit, not many own up to that! Havnt lost much as had sold most of mine and hadnt got back in but it will be a stock i play again, I remember buying at 2p the first time!

amber - I got suckered into believing they'd definitely hit something, but such is life. Reduces the CGT bill anyway.......


...........unless I make it back. Fortunately, NLR was a big help today. LOL!

rooandu,I sold @9.5p on Friday After buying in @ 15.25.I shall be watching PCI hopeing to buy in again when all the dust has settled. Best wishes to all who hold on.goal.

big al...just in time for christmas hey :-)

amberjane...you lucky person...well done!

Big Al, didnt tell me about NLR, see you've dipped out of the Xmas do but i'll save your punishment for another day! What's a CGT bill? :>)

Roo - Yes OK, luck played a big part, although im an impatient sorta person and they hadnt been moving much which is why i sold, no other reason!

goal...sorry you took such a hit but good luck with your other interests... perhaps we'll see you back when the time is right :-)

amberjane...head of the game!...great move..we're all learning, some the hard way but that's life :-)