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There were hardly any large buys at all, just private investors buying in hoping there was a leak volume attracts volume but the smart money sold out on Friday all the best twitter traders sold for a great 15% trade. If there was a leak it would have been larger buys but it was all small time punters hoping for news Monday, if block XX drilling is cancelled for this year and SL is a duster it’s 4-5p all day long and in sure most punters are not prepared to take that hit on a SL duster rns.
I certainly hope we fly, i am sat on my average within a few quid. Lets have some results to talk about instead of fictional boodles of billions of squids that we are certainly going to receive or not. How many times and how many shares have you listened to all the Jackanory Men. I take AIM as my weekly cartoon mag to read. Its Hillarious the Clowns here and its free, sod the BBC
Shorters also must have realised that their 'honeymoon' period is over....if that is the case....just saying...
They have a limited time window.
Not all would have managed to close their shorts....could see a big short squeeze...
Either way extremely dangerous to have short Open at this stage.....if they had little common sense.
We know how fast this moves due to small free Float.
Could see high volume days in coming weeks as we get closer to TD on Snow Leopard along with site preparation for Wild Horse which is 5x bigger target.
Let's see how next week progresses. Summer holidays almost over.
Those thinking possible leak will be disappointed, such things rarely happen. This is a tight hole.
IMO the volume was closing of major short selling, as the SP was manipulated over last several weeks.
Let's see what Monday brings, most likely a pull back in SP but hope we continue steadily higher to 11p-13p levels in anticipation of news, so that any drop should SL fail will happen from a higher level than where we are now.
Come on dude...
When you are out of this, then it's pump???
If you had not Sold out and were still holding, then you probably would be saying...biggest Oil discovery on its way..!!
Why do you sell at the wrong time ???
just like last year, when you sold at 6p or 9p....just before the Bull run to 38p...
De Ja Vu....you could soon miss out again big time and this year we are drilling (vs last years run up in price).
Farminees have openly told Mike Buck...they would rather pay lot more for it once de-risked, than coming in now....that was quoted few months ago.
Still time to get in on Monday...
Fundy - no there won’t be an RNS as nothing tested, probably oily shows so nothing certain enough to announce but plenty of buying on the fact it looks oily Ronin was right - if the volume was on the sell side then points to a dry hole- but it wasn’t so your choice jump in ASAP or miss the bus your call
Fundy you are so blatant about when your in and out, check out the post about Friday - day 39 of the drill was key for both a 50 and 70 day drill and 20 mill volume suggests a leak - now with a weekend to get ready expect this to continue to uptick-just sincerely hope this keeps going now and you miss out GL everyone else!
This was pumped wonderfully on Friday but no news on Monday andvit will fall back, why would anyone with any sense buy at 15% higher on Monday when they could have bought at 7.6p in Friday with no news. Looks like most professional investors took their 15% profit on Friday, drill results another 30 days away yet with a tiny COS
Mister positive extention rns are the mms balancing their book A time extension to the auction call period. It occurs if the auction match price breaches price tolerance limits. The extension allows further entry and deletion of orders.
Yes Dusty, absolutely a leak here IMO, don't know why Matad management thought they could keep a lid on things with 100 Chinese on site, reporting into a Chinese State Owned Entity.
Anyone who thinks Friday was some kind of fluke is a fool.
Shocking management pursued a tight hole strategy given structural weaknesses around information
Ironic you sound like a headless flapping Chicken. What part of percentage plays do you not understand 5% 10% etc ? More players than investors on AIM imo, of course people will have their slice of cake as they see fit. So in your book any body who takes some cash off the table is a deramper. I only mentioned that i think we may stall along the way, did i say we were going down ? No Wakey wakey Ironic capital gain is what its all about. And Degsy the biggest ramper in town jumps aboard the nutter bus lol Rather fragile arent we ladies Have a Great Weekend all the Sane People
We are drilling for 2 BILLION pounds worth of oil and our mkt cap is 58m .
Our mkt cap hit 110m in 2017 and since then oil risen from 50$ - 75$ a barrel.
The beast wild horse upgraded from 290m to 490m barrels.
Fox discovered with 200m barrels.
Red deer upgraded by 24m barrels.
Total potential reserves increase 424m barrels!!!
Our mkt cap is way to LOW at present.
We should be at least 17p...... but if you factor in oil price rise and our potential reserves increasing 424m barrels what price should we be now..... 17p -34p ?
Aaog drilling for 87m pound worth oil and mkt cap.
I think when they hit on sl many will jump in at that time or buy more...and it goes over a dollar u.s. there will be a time just like now,while we wait for well drilling,that it gets shorted or mm games and it goes down temp but then screams back to life when they hit w.h. and finds higher highs and higher lows