Firstly my reply contained no ta. It was how I read the price movements. Over 100% rise followed by a huge retrace. What is surprising there. I did expect it to bounce and steadily move upwards but then we got the placement. And it moved down again. I was very heartened that, as I already said, this share found support where most aim energy shares were looking at 52 week lows. The support was then retested and found again. Thanks for taking the time to read through all my posts though, don't think anyone else pays that much attention.
Wow seeing the potential listed like that does make you think Reading in RNS you sort of move from one to the other and forget to add it all up at the end Seeing it short and sweet like that , wow
problem with waiting on sidelines is suddenly that all becomes rarity or just sentiment A piece gets written or talked about and suddenly every investor out there sees the next GKP (9p - £4.20) or ASOS One day your looking at 1p, next your looking at 10p, When the big instates suddenly decide its a good bet its too late to make maximum. you missed the boat. What generally happens is these institutions read up what the company says and investigate them selves, then they jump in when time is right. Maybe waiting for CPR but sometimes they hear the chatter from a Major.
Those in big financial companies have dinner with executives from those big majors, Over dinner they discuss what they are looking at. The pi sees the price increase, often on the riser board. You get interviews and news from many sources, talk about expectation. Sentiment comes in, and the rise becomes sustained, with trigger points for profit taking
The risk today is bigger in not being in, than being in here.
Just one rumour that a major was sniffing at this, that from their data they were going to offer a substantial price and this just takes off. seen it all before. I have seen a 200% rise in two hours on a rumour that had no substance ( different share on AIM). Thats how quick a rumour with substance could change this. All over in the time it took to walk the dog
Anyone care to comment about the $5.5 million debt due 31st December 2014?
It states debt can either be settled in cash or issuance of new shares. Now supposing we have been selling gas at an increased rate of 4mmcfpd since beginning of October does anyone believe we will be settling this debt with part shares and part cash?
If so, would it be ideal to issue shares at such a low price or would it make sense to issue shares at a higher price.
I think this CPR needs to come out sooner rather than later!!
1) Gas well 34 result in the Mtsare Khevi gas complex (400 meter drill started end Sept) tapping into more of our 30 billion USD recoverable gas monster (9tcf) 2) Update on upgraded gas processing facilities for MK gas? 3) CPR timelines update for booking our huge gas complex as reserves? 4) Varang farm out deal ratification for 18 billion barrels in Taribani field and Phase 1 commencement of drilling to tap into our 200 billion USD oil play (assumes 10% recoverable)? 5) Basin Edge Play partner announcement? 6) Frack campaign on Taribani (started May 2014) - results
Who would possibly want to be out of this right now.....
Depends,on quality of news in" (10) weeks and months" left during Q4 2014..Could be next week or next month,unless Dougie is right..Latest,on the day,probably before,CPR confirms 9tcf-December 2014/January 2015.H.
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