We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Interesting viewpoint, but would still go by the points in 06:35 post earlier.
The party to the new 120M shares due at 1.27p would be less likely to hold onto them, given the level of discount to the prevailing price and opportunity to secure additional stock through the further drawdowns expected.
It doesn't really make any sense to do so and retain a full holding of all drawndown stock, when viewing an investment based on the success (or not) of the drill bit - moreso, with the immediate profit levels available.
I'd reasonably expect a significant impact on the share price over the period of offloading, followed by some stability over another extended timeframe.....and then some very focused interest leading into & through drilling in late 2020/early 2021.
I'm not awaiting any 'surprise' partner announcement now, albeit that would be welcome and given the (stated) shift away from such a focus by the Management.
We're funded for Perseverance1 through the various already established routes and I'm sitting really comfortably with that.....and my sub 2p avg.
Atb all
Morning IK - you have a good one too :)
xx
Truthful - used to love surfing the waves (B4 legs gave out! ) but with you all the way in spirit - talking of which the only dilution I acknowledge is 1 small bit of ice in my Johnny Walker Blue!
GL mon ami.
IK
XX
TOpinions, Always possibility of a share sale following an award of a mega share option., however the institution that has exercised this for 4th June are professional and astute financiers. Probably why they are going to do well from this deal. For large disposals and acquisitions, the buyer/seller will likely deal direct with Shore Capital BPC's in-house broker to avoid a temporary huge spike either way. And who knows, they may want to keep a chunk anyway based on BPC's potential.
Bonum - Morning - nice post mon ami - have a guddun!
XX
Fair points mysteryguy/pumpandtrump - I'd agree that the 120M new shares @ 1.27p, entering the Market 'around' the 4th June, will likely have a significant impact - that along with short term 'trader' interest garnered by Zak Mir's followers diverting to other stocks & the 7 month wait until actual rig mobilisation.
That's not long for us LTHs but a very long time for the 'herd', that look for late entries to prospective risers.
However, I'd put a slightly higher estimate on the price level around the aforementioned rig mobilisation & through drilling operations - probably as I tend to be optimistic & prices invariably overshoot both ways with Aim stocks.
If it holds these levels, great - if not over the next 7 months, no probs. Things will be a lot different in early 2021...!
Atb & have a beautiful day all
I agree with you. I think you're pretty spot on. My only tweek would be we may rech higher then 6 pre drill maybe 8,9 if everything is going smoothly. This has been long awaited and the momentum this will bring will be insane.
The dilution is a concern but in for the build up til December.
My guess is dilution brings us back to 2.20-2.50 building to 6 pre drill and then 18+ on an oil strike.
I think talk of 25+ pre drill is very unlikely? The likes of PMO and Tullow are around those prices and are pumping oil out of the ground. (All be it they are in a fair amount of debt)
What is everyone else's opinion?