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I think a poster (who works/ed on oil rigs) suggested that we would hear sooner rather than later if a duster as if not a duster, based on tests to determine the quality oil finds etc not required.
V1 will be spun (good or bad) to progress V2.
Maybe it is when the SP is 20% down on when there was no news.
Anybody got any news or indication of V1. The drill in theory has another week to run but i would guess it would take a couple of days to wrap everything up so i would guess that might hear something early next week. Certainly i would think if it was a duster i would reckon they would know now wouldn't they.
We were up 50/60% yesterday and down 10% today, that's not a big deal 😁🙄
I think we should just wait until the mother of all RNSs lands telling us we've been granted the SPC
Oh hang on...
In all seriousness, I've often seen shares go down on brilliant news ....only to suddenly take off a few days or a week later on no further news.
Lets see what happens after Velociraptor news and general market malaise has passed.
Didn’t even tackle 6p so 9-12p is extreme! We will have to have more patience it seems! Mm done us yesterday, kept it as flat as I’ve seen for a long tome
Just guessing but I think there would be a HUGE sell off at 10p. Either getting out altogether or top slicing.
Barclayshare- did you read my reply?
Bit optimistic there lockie IMV.
Now we've got people posting 40p+ on V1 oil shows....................i'm telling you now, there's not a hope in hell it will get anywhere near there.......I'll stick my neck out and say 9-12p max !!!!
It seems further paperwork is needed at the local level so too soon to be talking about contractor timescales?
Nothing goes up in a straight line. It will take a breather for few days then upwards ready for results and contractors time scale
Must admit i do not understand it.
Yesterday more sales than buys and SP goes up 50% Today so far more buys than sales but prices has gone down 7%.
Just hang tight there is still plenty to happen here and the markets generally are taking a battering.
I think everyone on this BB should meet up in about 5 years time to toast their success or drown their sorrows.
Todays bought and sold figures say that your thesis is wrong.
Marc74 you mean you hope it will after you sold your trade..
Market was paying over 7p before any news so this SP is nowhere near highs.
It was great news for the company but market is usually generous on its first valuation and obviously it's dificult to find buyers this high.
Think it will settle around 5p untill further news.
Cannot understand fall today with all the good news.Just bought another 50000 at these low prices.However I have now reached a percentage of my entire portfolio so will not be buying any more.Just awaiting the giant rerate due
Barclayshare - as mentioned many times before, not all trades are reported instantly. Large orders over a certain NMS can delay trade reporting.
There’s other factors, a sudden glut of sales/purchase at one time, a big trade left with a MM who is working an ‘iceberg’ order etc etc.
But the overarching point remains… there just isn’t enough buying pressure to move this SP upwards like we want or expected. Myself included.
MM's by their name need to make a market. It's why you can never look at the short term performance of a share on the back of positive news. Positive news will drive the share price higher over time but short term you can never second guess what MM's need to or will do to gather shares to sell.
Mr P & Hamm - what planet are you on? LOL
Yep. I have put 40p limit order sell price with one month forward date. It is on Auto-pilot.
We know MATD can be volatile but that brings opportunities also.
Back in 2017 price run up from 3p to 38p was not in a straight line. Traders were in and out and lot got wrong footed not realising how high it will go
The amount bought and sold today is almost exactly the same, so no reason in your comment doc.
That's a load of rubbish Hamm, just like your double digits today prediction