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4 blocks of 10m sells seems to have kicked off more selling. volume good at 300m shares.
I agree, 150 bpd is the magic figure for now as it means self financing. It also means we’re all set for amazing prospects and this SP could well become a MULTI MULTI BAGGER within 2024.
Please Beacon, I’m begging, no more mess ups.
Just a reminder for the newbies 150 bpd is deemed commercial, previously we had 50 bpd so should achieve the commerial level easily, looking 500 bpd plus realistically.
Hopefully a nice RNS drops within the next few days to keep this momentium going.
Just a reminder…
“Sidetrack operations are expected to commence on or around 8 May 2024. The sidetrack operation itself is expected to take approximately 14 days. Once the rig has been demobilised from the Erfelden site, production is expected to re-commence during the last week of May 2024.”
TO BEGIN ON OR AROUND THE 8TH, NOT THE 15TH.
Just a reminder to any new investors of what the possibilities are -
150 bopd = $40k per month
300 bopd = $295k per month
600 bopd = $805k per month
900 bopd = $1,310,000 per month
Just 150 BOPD required to be self funding and the company able to push on and drill again.
In about 3 wks time we will get them improved ( fingers crossed ) production figures...
Operations/sidetrack due to commence tomorrow...14 day program...thereafter PRODUCTION starts..
300Bopd - 900Bopd = 300K - 1.5M euros per month...
Key is get this SCHB2 Sidetrack flowing with improved flow rates ( 300bopd )...then add EP which could take us to around 900Bopd...
Once we get going with SCHB2...it wont be long for us to start working towards SCHB3 / SCHB4...remember aim is to get to around 4000Bopd from Erfelden alone in next couple or so yrs...
HAPPY DAYS!!!
Been watching this for many months. Just bought 13k's worth, a little later than I wished but still substantial upside possibilities from here. GLA
Overhang gone and people loading up, equipment on site next Monday, 2 weeks drilling, could be triple here by the end of May. My first target is “0.20p.
Just got rid of SCIR, big loss.
Brought more here, another small top up.
Every penny helps
Caser, you cannot sell shares through Spreadex, they are not a broker, they are a spread betting entity - you can take out a position in a share, long or short, but you cannot sell a holding through Spreadex. If they once held 6% of a company it is because their clients had bought long positions in BCE to the tune of 6% of the company. Speadex will "hedge" their book position in BCE by buying the shares in the market, otherwise they would be exposed to the market risk of 6% of BCE.
CrustyPete ...spreadex clients came through the back door ( placing, mates rate )....glad to see them on last legs ..they are under 3% now...from around 6%+..
MadEnglish ...on 26th of april....spreadex had 2.98% left ( under 3% )...now they will be gone with out any further TR1's unless they ADD and cross above 3% which i doubt...
0.07 paid this morning and it’s not even 08:30.
What this could be at the end of the week is anyone’s guess.
Hi Casper, sorry if I sound ignorant ( I am ) How do we know when Spreadex are out ? Or is it just a best guess on sells dropping off ?
ATB GLA DYOR
Spreadex's position is only the aggregated "net" position of all their spread betting clients - it is not Spreadex that are taking the Mick! They only reflect the actions of their traders - short or long.
Spreadex has taken the mick here...glad to see/know they are on their last legs now...
Once they are out this should rocket towards and beyond 0.10 in quick succession
GLA
Could hardly buy on HL at open, grabbed another 3.5 million before the price moved. Looking like a good couple of weeks ahead and then Challenger look to have their farm out being signed off on the 22nd ( sorry, not cross ramping just chatting) .
GLA ATB DYOR
According to hl up around 10% can’t complain with that.
Let’s hope the buying continues and we get an update within days confirming spud has begun
Looks like people have done their research over the weekend.
Great buys at full ask straight out the traps.
This low SP not around for long.
Good day ahead.
Tick up
For some strange reason I might take my recent £2k top up and walk with £40k at 1p. then again I'll still have plenty to roll with. Fingers crossed all will be good. I expect it to climb over the coming week
Look at a few other companies the market cap doesn’t always reflect their potential resources just what people are willing to pay. If I’m being honest I tgink if we were to got 900 bpd it would spike massively before retracing massively so if your a lth you’ll prob not sell at a penny but I’m trading this so I’d more likely sell at that point and run lol
£170m mc may be pushing it a bit.
I’m very ‘pro’ BCE so take this with pinch of salt, but 1p?
They could do, 16X current SP…..lots of other shares have done that. It’s not unbelievable or mad to think that
If this hit 1p, it would be pretty life changing for me xd