In all the boards tonight ADVFN poster "To be fair the authorised share capital of 8.75bn has already been priced in. Today's RNS was odd. Good news they've confirmed the equipment has been purchased. Interesting to know how. Seems the Georgians aren't discouraging gas investment if the deeper drill is being drilled in October. Perhaps with the local providers sorted the Georgians will be more amenable. If the court decisions wipes $30m from the balance sheet I'd expect this to be well above where it is now. I'd also expect in excess of 7mcfpd being sold. Georgia joins the European energy community next month too. October with elections too will
That the shares were from the remainder of the headroom shares...been busy today and haven't caught up on the RNS etc. However we must be close to all the remaining shares being now in play..give or take 300. Million..guess the issue keeps the lights on for the month..
Not a lot of logic in AIM at the moment . I am hopeing the BOD put the clue in the forced RNS today mentioning the date the MMs officially new the placing was happening 10th June . That is the bit that has caught my attention the greedy MMs will have been trading under value for those 75 trading days knowing they were getting more shares . Then bang in one trading session a third of those shares are gone . Oops oopse .
My hope too Ironic and thank you. I'll have no spare cash this year so can only work on building my holding with selective trades here and there. Something I'm not well versed at but I called it right today for a change! :)
AIM has little habits , at the moment selling before close to see what happens in the morning seems to be the habit . But as you say that appears to have not happend . Let's hope we gap up in the morning . Time will tell .
We have had approx 75 trading days since the MMs officially knew placing shares were coming to market . If Buy / Sell are some where near we sold one third of those shares today . A third of the placing shares in one day .... What about the other 74 trading days they were forward selling them ?????
...traders. I bought back in this morning, around 22.5m shares. At this price a far bigger holding than I previously had. Like many I cut my losses towards the end of the drop this year, I lost around £40k, as I couldn't watch it all go and I needed to try and make some of my losses back elsewhere. I executed my trades around 9.30 today but they reported as trades just before midday. I think this might have kicked off the rise and then momentum traders jumped in. However, this just goes to show how quickly this share can generate interest on movement and it does feel like the tide is finally ready to turn.
If we've cleared the placing then I think you're probably right Ironic, this might now re-rate to a value more reflective of the 5th Sept RNS. However, even if this is not the case while still risky, given the BOD and history here, there are still some clear potential steps steps to FRR rising from the ashes; debt/legal issues being resolve, gas flowing and a more positive relationship with MoE post the elections in October, positive progress on broader transit projects, actually hitting some YE targets, a 202tcf CPR in H1 2017. I can't say that I fully understand the potential funding issues and possible resulting corporate re-structure or consolidation options. I does feel like the tide is turning though and I hope for all of the LTHs in particular, not that I am one (I only initially invested here in Oct 2015), that this is the case!! GLS
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