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Albeit not the biggest trades ever. Still great to see 1.60 paid 👍
Well that is now a five year high
No reason for it not to rise. We’ve had regular news. Last RNS was only on Friday.
Knowing the license is approved has given investors confidence that the negotiations and paperwork are done and announcement of drilling schedule is coming.
Aminex is also clearly undervalued considering the asset, impending first gas / revenues etc
Reasons for more people to want to buy than sell the = rising share price
First tick up of the day
I see that the spread touched 1.50 - 1.60 at one point. Let's hope it closes at or above that level.
I note also that as soon as the bid touched 1.50p there were a small series of simultaneous trades (presumably SELLS) that took it back down again. I wonder if that could be all of the trades with "limit" orders? Surely there were more than 5/6 orders at 1.50? I wonder how many more there are to come? If that was an attempt by the MM's to get some stock back, they did not do very well - unless there are a number of trades yet to be "declared"?
Breaking resistance atm....nice
1.59 to buy
We are about to find out - 1.50p on the bid yet again!
I am being offered 1.525p for 500,000 but no quote for 1,000,000. So those MM's are still being defensive.
Lol!! Ask for a price for 1,000,000 and the next thing you know is they drop the bid back to 1.40p. Call this a market?!? Bloody shysters.
MM's showing real control today, moving it up just enough to free up some stock to clear a bit of the queue of buys, then put the lid back on. Nobody wants it to spike, so small ticks up is the way to go to build consolidation under the price.
Quite possibly a great many buys are from the likes of RoJo, Aimster, Commercia, Prosciutto et al buying back in and who can blame them ?
Remind me please - at what price was RoJo going to eat his hat?
4p then 2p then a hint at 1.5p later denied and now back at 4p lol
Sorry that was his sell price but think he mentioned hat at 4p before but that's now 10p as of last week. I bet Gas lady will know.
The hat-eating has always been if/when the SP reaches 10p.
I was planning to post the event on youtube but would be quite happy to eat it at a 10p party if you prefer.
Of course, I could throw the hat away now as 10p isn't gonna happen.
The quoted spread of 1.40 - 1.60p is just a sham. No trades below 1.50p for a good while now - the real spread, for anything of meaningful size, is 1.525 - 1.575p.
If that still holds for the close it would bode very well.
It would seem to me that 10p could happen - you just never know and therefore a better investment strategy, assuming the headhear is worthless, might be:
HOLD ON TO YOUR HAT
Thank goodness. The have recognised that they cannot resist the momentum - back to 1.50 -1.60p.
Only up another 6.90% today - disappointing eh Rojo? And to think, that is without transparency of the terms of the GSA, completion of the Dev License, aDrill contract, CH1 spud date, NT1 & NT2 workovers, pipeline initiation or completion and of course production. Just think how disappointing the sp rise might be once we have all of these things... ho hum.....
MM's have offered me 1.5525p for 1,000,000 though no quote for 2,000,000. So not out of the woods yet.
At the party RoJo we have to see you in real life 🤣
Crusty - yes, quite!
Lots of crucial elements missing (as I've pointed out before).
Can this recent rise be sustained I wonder ?
You wonder away Rojo. There will come a day, I am sure, when the sp remains flat or even drops back - then you can have another day of gloating and schadenfreude and remind us all that you "told us so". Forgetting, of course, that the sp is already up well over 100% in but a few weeks.
For what it is worth my view is that is can continue to rise until and unless there is an announcement, or it becomes obvious, that the Dev License is not "imminent". What happens once we get it depends largely on what information or guidance is offered at that time on the sequencing and timing of the remaining deliverables; also on the timing of that release in relation to the AGM. We all know what happens with long periods of inactivity and silence. Maybe ARA and AEX have cottoned on to that fact and will ensure that this is avoided going forward.
Oh dear another ROJO error. Will leave at 2p and eat his hat at 4p.... dear oh dear
RoJo
Posted in: AEX
Posts: 3,340
Price: 1.08
No Opinion
RE: Production within 18 months?28 Mar 2022 20:25
Smudge
I'm not sure you've quite grasped the hat-eating arrangement.
I will eat my sombrero if/when the SP reaches 4p.
You (everyone else) will eat your berets, trilbys etc if the SP fails to reach 1.4p by 2022 year-end.
Well done CP I thought I had seen those figures.
Perhaps a 4p lunch party should be held 😜