Singtao plus New TradersIf you bought at market and paid 2.70, and the brokers, MM, etc are shaking you out of your purchases, then you're not thinking like Ijmorin. Hope you did not sell at 1.50. AND if you did, then you have to buy back in, and very quickly.
This company, and by extension, this oil province of Guyana/Suriname Basin, is in its infant stages.
Anyone who sells all their stocks, is making a grave mistake. In addition to selling small portions as you need the cash, you have to keep this as a generational investment. Exxon and others are already catering for 50 years plus, in this new oil region.
This stock is a 10 CAD at the very minimum. PRE/FEC has put more than 200 Million here. The Retails (longs) such as Ijmorin and others, have put collectively, more than 30 Million.
How the heck can this be sold for less than 1 billion dollars CAD is unfathomable. No one will do such a thing with an invesmtment in real estate.
SO get the heck back into the stock before you're left like a fool on this thrilling roller coaster. You chose to join now, rather than earlier, and this is the game. Even though I have tons of shares like Ijmorin, I'm also trading at these prices as well. This is the game right now, rather than trading crazy stuff like GME. There's real money to be made here. Even if they don't hit OIL by September, this is not the end of CGX. You can take that to the bank. FEC is smart enough to maintain this facade to keep the licence in perpetuity. Just look at those two jokers doing the bidding of DeAlba at the AGM. It was embarrassing. But instructive.