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Yah! Went to sell my buy and £70 up already!
Lol!
Put an order in for next lot as can’t watch screen all day. May or may not get filled in coming days.
2.3p close today anyone!
Trek
Most likely the last window of opportunity to buy at 2p levels... as that 1p SP ship has now sailed.
they just bought 5m shares by accident at 2.4p!!!! and have now woken up
It's weird Star. Them sat there makes it look like all 2.4p prints could be buys or sells lol. Berenberg will go 2.3p offered to try and sell some but then clear off again
i think MM INV did not read the RNS today. 2.4p/2.2p
Like I said done deal.
Look at it logically £10m on a £100m mcap. It’s just 10%.
Money moved ready to buy today.
Trek
Got to be happy when institutional investors are buying placing shares at 100-150% more than what a private investor was able to buy at earlier in the year. Roll on December. Let's get to that spud date.
Zag, well there was always the downside risk. I know it's a little disheartening, but view it as taking the inevitable hit that was to come. Yes, we'd probably hoped we might have had a chance to trade, but this share is not as predictable to suggest when to hold and sell - sometimes it simply takes off! Just take the opp to load up at a decent price now, and take profits on the next rise.
To be fair have a look at the sells. Value of £4.98 and £9.50 etc
The news this morning is what is more important. Come December will be 8p - 10p. Only 8 weeks away good news is coming.
I dont see this as great news.
What was it that chappy said in his little video call.
"Watch this space"
And everyone was right on here, when they wrote "you need to be in this as one RNS can move the stock". I think it will
you mentioned the other day Trek about the funding 'gap'.... and its basically as you called it.
I'm not bothered how this is funded as I said... although the Bahamas CLN wasn't a great option it's now one option that has been avoided.
The rest is nailed on (again).
I am delighted that my uncertainties have now been addressed. Unlike some that just shout ‘placing placing’ just to deramp I posted my own financial rationale to justify my decision.
We will likely get another RNS very soon to say bookbuild is complete. It’s already done.
This is why it’s good news.
# It’s only 8% ish of existing MCAP
# There are NO associated warrants
# Even at 34% discount the SP can recover that in a blink
# It means the company doesn’t need the zero coupon facility to finance the well.
# Working capital is now covered and by my reckoning based on my previous financials they now have £3m contingency. That will cover a sidetrack if needed.
# The drill is undoubtedly unequivocally now financed.
# The next placing will be at a much much higher level or near zero p. Which makes it again all about the drill!
# Trek has kept back 75% here to add post this RNS in 3 tranches. Happy days!
Peeps mention reading aim like a book. Good for them but imo the next move is to buy by averaging in onto this dip. However, it may only last a blink!
Usual caveats.
Good luck to all.
Trek