Well it looks like things are hotting up in the secreacy stakes. The 53 page CPR report is being suppressed.....mainly due to it's technical nature.......it still being something of a 'hidden gem'! Well we don't want any industrial espionage or shinanigans at this stage of the game. Gone are the days when Fugro would publish a CPR & we could all read it in full................but then we are on our way to mid-cap success. James did say in an email reply:"this is the first of our hidden gems........more to follow". Any more like SMG & we are going to need multiple rigs!
Crude............can I start the ramping games now........or did Oiltrader beat me to it?Need
They must still be confident about Niche because Malcy talks about it as if it is a done deal, and have no reason to suspect otherwise, everything just takes so long. Casa Tiberi is just a sign off issue. Jp has said there is no problem.what I am really interested in is getting the permit for Nervesa second well ASAP. I wonder how long for permit for SMG. If quick, maybe this could be pulled forward. I am expecting some big buys later, just a hunch (hope)!
Knivewhofalls, I hope they are not selling..........they are locked in for 18 months & can't contractualy sell anything! This isn't like the Astin/Manxdale set-up where they just chucked the stock back in our faces............nasty affair that was.........you couldn't make any head wind without them peeing on your parade!
Just a bit concerned about the continuing delay with Casa and Niche Group. Both were promised for Q2 2014. I can understanf the Farm Out for Nevesa being delayed. Negotiations such as these can hit delays and are understandable. Casa is different. The suggestion of a production date in Q2 seemed very confident. The only real interest was by how much the production would be increased.
We really do need something soon to, as you request, to keep the share price over 11p,
Still very confident and with a little future movement within my portfolio, hope to top up before I miss the opportunity at the present price.
Mind you, I have to say, I am small potatoe's, when I read the holdings talked about by some people on this board.
i find Sou's trading pattern strange. This was walked down to below 10p for sellers a few days ago. Then recovered before today's official RNS. What I find strange mainly though is that today's news should have propelled the SP much higher than 6% imho. I wonder are the company who put up £14 million at 9.4p selling into strength? Obviously this has been as low as 4.75p so I would not blame people for selling or top slicing. OTOH the upside is huge from here so sellers should not be plentiful which makes me suspect that there is a seller into strength.
Joe please dont read me the wrong way been here for 4 plus years and now as bullish as I've ever been it just gets all a bit frustrating.only wanted to sell some today to a) take a very reasonable profit on what was always a trading position from 8 ish p and to free/derisk some money. just angry with myself that knew this would potentially happen and instead of hitting the bids first thing tried to be clever and of course missed it. it was only 200k but still who knows may know just add them to the bottom draw......
For most investors this news is too far in the distance. For those of us holding for the long term this is very good news, but will have to wait for the rewards. Casa should give us a bit of a boost because it is tangible and current. We really need to get Nervesa sorted and get drilling. There is always talk of drilling programs. I am confident it will all happen eventually, but all the while a drill appears some way off it will be hard to hold a sustained rise in share price. Let's also hope the RNS about ce will also be written positively.
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