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Bigbench- not without news. Look at what Eco said about the drilling results back in the summer, share price went through the roof, and now issues a correct RNS to say it’s not light crude. They didn’t say what it was back then l.
I found the video interesting from the Technical Director with an intro to the role played by the whipstock mill.
They know they will get away with a promotion video. I hope nobody fall for the same trick twice
Most of my small Oilys are down today...... About 95% of them on no news whatsoever... We are dragged down with them.
Pointless videos to be honest . Put something interesting on after the RNS and if successful show a flow meter reading 900 bopd and a fleet of tankers waiting to take it away and a lab test showing 100 percent oil and no water this stock may get some momentum then.
quercusrobor - I wasn't implying impatience with the sit and wait remark. I'm long term mate and will be in past the next two well results and 3D if all goes well. What I meant was its a good tactic to give us sprats something positive to nibble on between news. It's even more pertinant with this share after the disappointment of 16. Like was discussed yesterday when the first operational vid was posted you don't s***e on your own doorstep (twice) so I remain confident.
Eco has also halved today too after it more than doubled from 70p to £1.70 just a few months ago. Just shows how harsh aim can be when a company does not deliver what is said it would. I think Eco will come out good in the long run though.
Let’s hope we don’t get any reason to get penalised here.
I'm glad I'm not in Eco Atlantic today . Eeekh
I stand corrected on the issue of MMs putting trades through. It was how it looked at the time on a very low volume day but clearly I was wrong.
Something else bemusing my little brain is the fact that after all the bad news at Sound the last few years and the negativity with the latest news that they are STILL valued at TWICE our market cap. I know where I would put my money for the next 12 months !
Bobbyrash- well there can’t be a shortage of stock then can there.
When there is a shortage of stock, the price edges higher for people to sell so orders can be filled.
That's funny Bill. 2 day's in a row Saga have had more buys than sells but sp down both days . Maybe I'm a Muppet
Cautious- you forgot to add the MMs also lower their price to “let their mates in on the cheap”
If there was a high demand for a stock the price goes up not down you muppets.
Yes market abuse and manipulation does happen, but examples like these are just ridiculous and childish.
Seriously you guys need to learn the basics of investing.
always annoys me when I see stuff like that about market makers.
this is a setsqx stock, meaning it is quote and order driven. The retail investors compete with the market makers for stock on the same terms, however, in periods of low volume, the market makers provide the quote driven aspect and will make the market as required. They do not artificially funnel trades into the market to create the illusion of volume. They simply stand behind the stock and provide shares to buyers and take shares from sellers, when there are no orders to match on the book.
My view is that they are making sure the 16az fiasco doesn't happen again by taking there time and getting correct flow rates @38.... flow rates that wont drop 75% !
re... Certainly seems to be an uptick in positive and informative posts of late whilst we sit and wait..
..a big and welcome improvement...
....whilst we sit and wait....it has ONLY been 13 days since the last Operations Update..(RNS Oct 31st)...I'm not at all sure what exactly some folk on here are expecting in terms how quickly you expect to hear the figures you are wanting.
Does anyone remember the days before broadband....when all we had was analogue?...now ppl moan about how slow their d/l speeds are etc,when in reality they are probably 100's of times faster than previously.Instant gratification rules it seems.
..fwiw..I'm pretty confident that the twitter comms wld not have been put out unless things were A/Ok....as you've all said...so all that is required from us is...patience.
Ajw. The problem is 16 left a bitter taste, so 38 feels like no news is bad news rather than good news.
I find it hard to forgive PH and the Chairman for trying to deceive us with the average from testing debacle in July. So when I see something like what stan96 posted yesterday, of course it gives me concern. I’m sure we will all be wiser in the next 10 days
Yes problems do occur when drilling for fossil fuel but being honest and up front with share holders should be a given. Have they learnt!!!!
francobrett you say 100000 sells going through are most likely mms putting stuff through to give the impression of volume. What!! are you from the school of T54. So they just make it up. Really, do you think you should be trading
Got to hand it to Justin at Block, knows how to give an answer and avoid the question!
AJW agreed good comms is necessary but at this stage the only thing that carries any weight or indeed has any consequence is the result at 38az. I would hold that after what went before the company would keep its corporate mouth firmly shut until it had something worth saying. If 38az is less than inspiring then it will look like the company does not respect investors. Shorters will get burned on the right result, they can tweet to their hearts content once the company has a production base line worth talking about. Until then they have damaged themselves and us investors through their actions and should be mindful of such. Its emotive stuff. I don't know why but losing money brings out the worst in people!
I might have to send an email.
I've no idea on the approval cycle but I'm pretty sure this would of be part of Carmarco's pitch following on from 16. You'd like to think / hope it was tight.
Hi Maladoni
What I would like to know is do block see these before Camarco send them out??? Does the right hand know what the left hand is doing? That last tweet showed a container shop of natural gas. even the minimum amount of gas to satisfy the Mou with Bago does not amount to much more than a wet fart. If well 38 does not come in then this will look Crass at best. Ph and the rest would do well to stay in Georgia for health benefits for a few years.
Hi DJM,
I'd say that's Camarco influence. Certainly seems to be an uptick in positive and informative posts of late whilst we sit and wait.
the last message regarding gas and brute force is interesting..it's not the post of a company struggling to produce commercial gas. More a case of were clever in how we get our gas out of the ground. I would love to know who is responsible for their Twitter feed.