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Yes Ed agreed. And I suspect that there will be a fair few piling back in next week at the start of the new tax year ?
Hi Sienna,
Did take some time off over Easter for sure, but otherwise patiently waiting for the flow testing of these two wells and beyond.
Regards,
Ed.
Ed.
Good to see you here.
Thought you were taking time out!!! Ha ha
Smkr,
Yeah it looks like the 4m at 0.39p was the last of the cheapuns. Hopefully Sonangol will progress with this engineering solution and get the flow tests for TO-14 completed. As the interim results suggested all still in play at the moment:
"TO-14 currently undergoing flow testing having encountered weather and engineering delays, testing work continues on the well with oil encountered and ultimate commercial prospectivity is yet to be determined."
Regards,
Ed.
Perhaps you are right...I don't know ..are we in a closed period during testing or are there other issues regarding share buying ...
Taking the option via a related party before results was questionable. A direct purchase now wouldn't be allowed would it?
Yes good to see the ASK move up ....Question for our learned posters. AK took an option to buy 100m shares at 1.2p each ....could it be that he has been mopping up millions of shares at a third of that price over the past week on the open market. It would make sence getting them at such a low price ... ??? not sure if this is possible or not ...but replies might throw some light on it.
Feels cleared .. nicely blue. Now let’s see some recovery. What an over reaction last week. Well tests are still underway
Book tightened up a bit and now blue. Fingers crossed
No necessarily, this appears to be a tight ship and therefore if someone is selling then they are selling based on info already in the public domain.
So it's basically yet more red flags you mean ?
It could also be someone trying to close off some sort of position before end of tax year. If they run as a limited co or whatever.. we will soon see.
Hi Siennaj,
In my opinion it's usually quite the opposite, they run short position and this includes the MM. I've seen a lot over the 17 years I've been investing and whenever I see new accounts pop up on here and Twitter I start to become suspicious of something much bigger. Some of the antics may seem a little farfetched but you would be surprised at the lengths some of these people/companies go to change perception and sentiment. I've heard several investors have been contacted privately in attempt to question their investment. It will all come out in the wash but the good news is there is a buyer in the market. I did suspect the sp would settle around this level until we get further comms.
Dan. When you say someone is running a large position what do you mean? Do you mean you think someone is building a large position in the company? Thanks
Sounds about right Dan. Feels like it’s going to churn out around these levels (so far) thankfully. So I guess it’s a case of staying put and waiting, or adding if it seems to clear a bit .. 🤝
I agree smkr, there is a seller feeding a buyer. We've dropped 11% because it looks like the buyer only wants to pay 0.40. Interestingly there are no delayed sells but the MM have a few days to report them. With the 30m sold last Thursday we are in TR1 territory if this is the same seller. Looking at the share register I'm not who it could be. One thing is clear, there has been a premeditated attempt to talk this down both on Twitter and on here, some other investors have been contact privately. In my experience this suggests someone or something is running a position, a large position.
Sienna, my guess, there has been a sell order placed with a broker and these buys around 0.4 and just over are clearing it. I tested dummy quotes earlier today, there was a couple million, they were bought, we went up, then another few million appeared on the book, we dropped back, they were bought etc. So, it will likely need to clear the last of this, which seems to be getting done orderly around here.
Yes it's a bit of a joke with the amount of buys in the past couple of days .... I dont think Ed or any other punter can give us a solid reason for this .... alot of positive posts and analysis over the past couple of months from our ' learned ' friends did'nt add up .... we will have to wait and see...GLA
Ed. I would appreciate your thoughts on the trading pattern. Today in particular. Theres huge amoun of talk today on Telegram about market makers and their antics but its down 11% now and yet massive amounts of buys as far as i can see. What do you think may be going on? Thanks
At least he generate posts. only 25need to be on a hot topic board (top 5) :)
See ya .. until next time under a different name lol 😂
"Price is going down" dream on Sunshine. How's the short?
Another one for the green box (filtered), good-bye
In their latest RNS from last Thursday they said:
"We believe that early 2024 finds Corcel on the verge of a material transformation, with the groundwork for these developments having been meticulously laid over the final six months of 2023."
I doubt very much that they were referring to 70bopd, but more likely the scenario of the presentation. I'd imagine that we'll have a better idea of this material transformation as the year progresses.
Regards,
Ed.