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Hi Phipps it’s 28-28-5 approx now but seems like we have a constant seller . As the saying goes I grin and bear it . Have a good nite all I look in tmw
So every trade now will be an unknown
Don’t normally see this 28 to sell 28 to buy
The MM know what's coming up in next month. They have had their fun marking it down on last RNS and the previous placing at 25p. The loose shares that has created have been absorbed from what we see on the trades. They are now closing up the spread. We know the rig is back on its way again and the guidance on Q4 at a stretch remains in place. So we could be 2 to 3 weeks from first gas (optimistic view) or not much beyond that (probably more realistic)!
Next RNS should be the rig deployment. Presumably the rig was parked waiting the wind to blow through? You wouldn't want to jack it up with a previous dodgy leg and find it's not fixed in bad weather.
Come on Mm time to let it rise. Next few weeks going to be interesting.
It is weird but seen it elsewhere from time to time. I usually see it as an opportunity to buy slightly cheaper.
Strange spread continues! 28p to sell!
..........and now massive late trade for 443k shares is a Sell, probably by the consistent recent seller whose shares are being gobbled up readily!
rhino - you can normally read them from the pattern of trades, but today was big volume on a tight spread for this share. There were a few monster buys in there at top dollar, and this is becoming more the norm as we approach news release.
I can’t understand why sells are shown as buys.
Is there something I’m missing, or do you just have to try and guess due to their value,which are buys and which are sells
peakview that be a dream but never say never in two years ., .Nite all
I wish! Correct ion - offer was 27.925p !
Just tested the Bid and was offered 92.75p for 100k shares. This is the strongest market we have seen for a long time and means one thing - they want your shares! ... goes without saying, they are NOT having mine!
Trust - you've climbed on one of my hobby horses there! We have a strange set of MMs for sure - all they have to do to avoid confusion is to raise the offer by half a penny or so, and then investors can see the real picture. At present they seem to want to preserve a glass ceiling at 28p, in spite of a consistent raft of Buys at that price! Defies normal trading logic.
Real bid higher than the ask!