Why the buy

[phd]

Who would be brave enough to be buying up this share?

[SimonPB]

it being hyped on some website (about their massive find which is neither massive nor new) .. an chat forums picking up on it an loving it ..

[KKKK]

sold mine today. happy with my 40%

[suki]

http://www.africanbusinessreview.co.za/business_leaders/whopping-oil-discovery-made-in-congo

[suki]

http://www.africanbusinessreview.co.za/business_leaders/whopping-oil-discovery-made-in-congo

[suki]

http://www.africanbusinessreview.co.za/business_leaders/whopping-oil-discovery-made-in-congo

[suki]

http://www.africanbusinessreview.co.za/business_leaders/whopping-oil-discovery-made-in-congo

[SimonPB]

that's the link, it is also the il that is solid below 70 degrees, so it has to be heated to +70 to get it out the ground AND to transport it .. hmmm

[Preston]

substantial investment in fixed costs and variable cost per barrel would increase due to its solid state..mmmmhhh

[PLayer]

Interesting to note that Total will pick up the tab and not SCL so I would say not a bad deal...

[PLayer]

Interesting to note that Total will pick up the tab and not SCL so I would say not a bad deal...

[SimonPB]

ya, but again this is old news, about 2 years old

[PLayer]

Simon would u say there is upside to this share?

[SimonPB]

this share does whatever it wants with no link to reality .. so no idea ..

[phd]

....Which makes it an option for short term trading, but the fundamentals for investment do not exist. Watch it go back to 30 c in the next day or so.

[KKKK]

back down to the selloff

[phd]

In the words of a famous shepherd; "Not so much fly, as plummet" .... baaa baaaa