HCD - Hydrocarbon Dynamics

Re: PYM - Pryme Oil

Well hope you are right.

Got into these prior to listing at 16cps so am doing okay so far.

 

Re: PYM - Pryme Oil

Yogi,

I am wraped, up almost 150% to date and wishing I had bought more. Only drama is that there does not apear to be any reason for the rise (hardly see the 8k directors buying as exciting).

Trying to decide if I want to keep holding or take half profits.

I have met the director in person prior to him starting pryme oil and gas (at that stage he was just running Sterling energy and I was extremely impressed with what he was doing/achieving. If his track record is anything to go on this will soon become my best investment so far. My only concern is that it is now ASX listed and emotions now control the share price as much as fundamentals etc.

Still I should not complain, I have made far more through him listing the company than if it was still unlisted.

 

Re: PYM - Pryme Oil

Yogi,

Whats the go??????

I don't see a trading halt with 27062006??????

Well either way so long as it is good news I'll let it slide

Guess we will know in a day or two.

 

Re: PYM - Pryme Oil

omg wow, u were all over thsi one before the breakout!

btw what did the stars say about AUM before the breakout

also any others liek this they may break out alot soon?

thx

MS

 

Re: PYM - Pryme Oil

Is there a set time after ann,the trding halt is lifted?

 

Re: PYM - Pryme Oil

Well this stock continues to suprise.

I sold out of 3/4 of my initial holdings for a 400% profit which I was quite happy with despite it contiuning up towards the 600% profit mark.

Now with there latest anouncment of 1 option per 3 shares held I am interested in the offer but know very little about options. Given that the options do not expire for two years and at a 75cps price I am of the opinion that they are likely to end in the money.

If I buy options and they expire "in the money" then waht happens? Do I get sent a letter saying please pay 75cps to purchase your shares or do they automatically lapse unless I request they be transfered to stock?

Also how would I sell the options if the share price went to say $1.50 at some point? Originally when I purchased into the company I was expecting it to be a long term thing (used my SMSF) but given the quick gains took some profits which was very costly as I still hold the shares from the IPO and they where not broker sponsered (or whatever) I held to sell them as a one off trade which took 30 mins to process and had to be entered at market (as opossed to set price).

Would I have the same problem with the options and could I transfer the holding to a broker and then sell the options if I choose?


Thanks in advance.

 

Re: PYM - Pryme Oil

Also what is this announcment likely to do to the share price?

Currently as I read it the options (if they existed) would be "in the money"
Does that exquate to a free profit for anyone currently holding?

Thanx

 

Re: PYM - Pryme Oil

Hi did PYM annoucement turn out to be positive or negative cycles?

thx

MS

 

Re: PYM - Pryme Oil

It seems that the announcement is positive, however this did not shown on the price. Anyone noes the reason behind it? A correction or was it been overstated but the announcement? Any expectation?

 

Re: PYM - Pryme Oil

i think it was just day traders profit taking! I noticed a lot of price plays! I hope oil goes nuts to see this one make good solid gains in the next few weeks!