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So the price is dropped and hey ho someone steps in and buys 75 million shares nice and cheaply.
Follow the money and don’t listen to people who tell fibs about shorting and have been fully exposed for what they truly are.
Stay strong people, they want your shares and only the weak and nervous are selling now.
Only another week or so and it will pass quickly 😀
Regards.
If the buys and sells can be believed
Then there have been more buys than sells when we combine yesterday and today - and the SP had dropped….
Why follow the money when you can follow the share price, surely a fool would know that’s a better indicator of performance. Doesn’t matter a rats azz if someone drops 100k into a share, if the price is down the price is down! No two ways about it!
What you still fail to realise is that this very, very low share price is what absolutely makes this a fantastic opportunity and hence why many of us might make multiples of our recent investments.
Very long term holders may well be out of pocket and that’s unfortunate and I hope they’ve added recently but I’m not one of them. I identify opportunities and this is one. I’ve bought in at the bottom, got a very low average and all is to play for.
If Beacon gets this right I and hopefully many of others will make a lot of money and that’s why I invest and that’s why I’m a reasonably successful investor unlike you who has now been fully exposed as NOT shorting, NOT in and to be honest no one knows why you are here.
Sheep I’m in the same boat as you, I’m currently around breakeven so got in as about as low as I could. Really can’t see much downside here.
I do feel for the lth as many will be under water but for us getting in at this level we will see a good return for a few months investment.
The sp is going to look a lot lower when this sidetrack doesn’t deliver.
And the SP will be many multiples higher when it does deliver, up to 900 BOPD so your point is what exactly?
And you ( WK ). Can't or won't answer any of the questions asked of you.
Good luck and all the best to everyone else.
We must not forget that if all goes to plan the cash will be coming in and they may copy the ujo strategy and start buying back and cancelling their own shares.
Highly likely this will move rapidly higher today and again Monday leading into news. Just my opinion.
Got the feeling,we could see a good finish,before the weekend.
let's see.
Yes indeed Troajan because if it is going to happen it is going to happen soon!
Steve I may be wrong but think UJO do around 450 BOPD? This well alone could do 900, which in turn would fund additional drills with a forecast of up to 4000 BOPD. The scale od this opportunity is massive.
Actually a lot less than than, Wressle currently about 500bpd but only 40% to UJO, plus about 10bpd from Keddington. btw UJO's buy-back is considered a waste of time by most as they were buying when the sp was relatively strong but stopped when the sp was on its knees despite having plenty of cash, overall the buy-back strategy has been a failure. However, when Beacon has cash to spare mopping up shares may be the way to go.
When are the results of flow tests expected
Last week of May.
Last week of May for flow test results - see latest Erfelden update RNS.
Flow test results next week sometime…
So can someone on here maybe explain… if spreadex are a spreadbetting platform then does them selling shares mean their clients are closing short positions? I’ve not fully got my head around this.
I do however note the comment from earlier in the week that spreadex may have multiple clients holding BCE and so saying there is a ‘seller’ is perhaps misleading, nevertheless the fact there was significant selling by spreadex does suggest one client had a large holding to discharge.
Either way hopefully the spreadex selling is now done after the big sells this week…
GLA
Bruiser
I’m of the opinion they might inform us once the sidetrack is complete etc. The management will be keen to keep communications up and running hopefully.
You are of course correct that the all important flow rates could be towards the end of the month.
Regards.
Thanks guys. I thought people were saying early June?
ID agree ie probs feedback next week from sidetrack execution. Re Spreadex they bought shares for their clients ie these clients were long the position and in my mind most of the ones who wanted to close the operation have by now.
Thanks share investment - that makes sense. I had a bit of a mental block there, kept thinking short positions but it never made sense. Then couldn’t actually make my brain think the other way!!! Thanks again.
On flow rates - production expected to recommence next week. An update once stabilised and sustained flow rate has been achieved. So that may actually be June…
Next week we should hear something if all has gone to plan IMHO.
They won't withhold postive news..
GLA
Two things this morning genuine LTH.
First thing is directed at WhiteNight- you seem to be so sure that this sidetrack will fail or it’s already a failure, to be that sure you must have inside info?? If that being the case, what is the critical path for the next 24 hrs with regards the operation?
I’ll let you answer that before I give my reply.
Secondly this is for LTH’s, the most likely timeframe as it stands for flow rates will be early June -