gave this buy recommendation, and posted his chart as usual SP has tanked.....it seems we are heading for 0.5P...there was not support for 0.8P placing for obvious reason..it was done at 0.8P on compulsion not that someone valued it.....this shell compane is not worth more than £ 10-20M in current circumtances...now BOD need to deliver some tangible progress otherwise we are next Red Rock Resources (RRL)...I don't know how many of you know it.
Celticheart you can be right because today highest bid/ask was 0.76/0.80 so if it was reported trade from today than it should be definitly buy however it could be reportad trade from day before or other day.
Moreover I am not sure what the price can be agreed after trading hours - I think after 16:30 can be free style - can be probably any price.
.... at 16:46, my concern is, that yesterday was excitment about 3 millons shares bought but today it appeared to be reversed '-' 3 milions???
I have been watching RRL around 3 years and I never was invested in here but I think that RRL made a good business plan that some financial institution puts its money into RRL. I just think is Sibo long therm investor or just borowed money to RRL and will read off its holding ASAP. ASAP will be oportunity to sell it with additional profit.
However I am suppriced that it is not a loan, standard loan as many AIM companies take and then repay the loan and interest through equity issues, it looks like that RRL some way promised Sibo a good business.
The considered price was taken as last trading day before suspantion, which was 0.54p. Sibo agreed to pay 0.8p, so what is the reason???
RRL recently reported that its ptoduction is 620 bpd and for RRL brake even production point is 510 bpd - so it make around $200.000 a month positive cash in - it is only my estimate and of course I can be wrong.
Personally I think there must be something on the way, which can make us happy for longer time or just P&D. By the way I bought some punt yesterday. We all will see if I was right or wrong by putting money in here.
Same old, same old....... Or perhaps this POS isn't worth anywhere near £40m, producing 650 bopd with oil at $59 pb. That's a more likely reason. I see the 6 month suspension didn't un-fog your rose tinted spectacles much........lol
A worked order only gets published when the full order has been executed. They might have started offloading yesterday. Who cares. It's in the price now but I would suspect this is why we fell the way we did today. If it was a worked buy, we would have finished higher imo
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.