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Petroneft

  • 22-06-2011 2:40pm
    #1
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭


    after falling hard due to lower revised production targets however 25% in one day is very large drop and surley due to panic selling.


Comments

  • Closed Accounts Posts: 1,007 ✭✭✭Grecco


    This share is tanking with the last 11 days, another bit to fall me thinks:rolleyes:


  • Registered Users, Registered Users 2 Posts: 497 ✭✭royaler83


    ranger4 wrote: »
    after falling hard due to lower revised production targets however 25% in one day is very large drop and surley due to panic selling.

    Well they have revised down production targets by over 25% so kinda makes sense


  • Closed Accounts Posts: 562 ✭✭✭Comordha


    It was painful to watch the recent drop but that's what happens when you feed the market bologni numbers. It's also worrying that it looks like the info was leaked as the downward spiral had begun way before yesterday. The good news is that prospects are still good in the medium term and the Russian Govt is proposing a lowering of taxes for small explorers so this would benefit too. We might have reached a new bottom which should restore confidence. I am now very glad I sold half at €.54, it was a hard choice to make, especially since it was as high as €.80 some weeks back. This one has had a sharp fall but that's life in the minnow-exploration world. Good luck to all.


  • Closed Accounts Posts: 1,007 ✭✭✭Grecco


    Oh cripes another blow to the private investors today. Down 20% to 5.35p and looking like it may go further after this placing


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