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12:16:58 0.065 107,500,000 £69.88k
delayed but exactly on the mid when printed so good old Algy Algorithm called UNKNOWN
12:18:20 0.06505 107,500,000 £69.93k
12:16:58 0.06500 107,500,000 £69.88k
A pair of chunks lol
:))
Are they sells?!
Churn in full swing again now over 400 million today so far
both at time placed exactly on the bid , delayed publication
so looks good for another chunk of the placing overhang dealt with
:))
a £15k and a couple of £20k+ Trades earlier also
With the new shares issued to market tomorrow, would it be wrong to assume that by this time next week the overhang should be finished?
And price can start to rise..
They seem to be shifting it fast but there is no longer a time limit for Wongas to unload. We will know when the SP starts to rise without any large dumps.
Could be next week. It depends
always take longer that people think to shift but if forward selling since the day
announced 1.6 billion that day over a billion each last Friday and Monday and
a number of 400-600m days in between , if the churn keeps up should not
be as long as the wait on copl LOL :))
The other factor until/ if a timely TR1 arrives is who if any took large portions of the
placing and if any are sticky holders looking for company growth etc , or all just the
usual quick profits and out LENDERS not investors
On making the placing to go from 25% to 63+% of Chuditch via SG
The Board views the Earn In as a low-cost means to secure a majority interest in a project that has a sufficient level of prospective resource to be of interest to major regional gas players and other potential funding partners
On the Quotestream dashboard for BOIL it shows 3 figures:
Outstanding: 5,951,409,576
Shares Out: 10,426,409,576
Total Shares: 5,951,409,576
So Shares Out = shares in play but not officially released? Any ideas?
Exactly right PB
if they are just lenders, not investors, they will just follow every little (rise/pump) and
(sell/dump) exit into each and every change they get to take nice 20% plus profits on
their cheap 0.05p shares
Majority these days exit no matter if the good news arrives or not, bird in the hand policy
some depending on where they are selling, making bigger profits on sells due to a news
spike as they sell it back down, sometimes choose to in effect slice and hold like you or
me taking a freebie with a 50% slice in shares after 100% rise
Only the REAL investors stick around for the journey and not just the spikes to exit, so the
names that appear if/when they can be bothered to send a TR1 will give more clarity as to
who or what we have in tow lol
and as you saw on copl, names count, despite Hadron constantly heading to the exit despite
the great news keeping us rangebound 0.24/0.28, the TR1 HSBC accumulating arrived and
the tug of war ensued but we still slowly rose to 0.38 at RTO suspension (now 1.15p on tsx)
and many ref'd to Had as II , not a chance safely gone before the to come action on return
lol
:))
the middle figure is our share base when fully diluted by both tranches
of the placing announced in March
Somebody must be mopping these up.
The SP is fairing up well, given the relentless selling of the placing shares.
As you say, for each sell there is a buyer... BUT WHO IS IT?
4,426,409,576 shares in issue
+1st tranche 1,525,000,000 = 5,951,409,576
+2nd tranche 4,475,000,000 = 10,426,409,576
proposed issue of 1,525,000,000 New Ordinary Shares (the "First Fundraising Shares") at the Issue Price (the "First Fundraising") on a non-pre-emptive basis. A further £2,237,500 has been raised through the proposed issue of 4,475,000,000 New Ordinary Shares (the "Second Fundraising Shares")
Not all of the second tranche will be sold as, circa 100 million are from DIRECTOR buys.
True Shouston but that's a fraction of 6000m lol
:))
but price still holding up well through the first tranche dump so far those 4 x 125m
delayed earlier 500m of it lol
and still getting what appears to be some buyers in the £15-20k region taking some
of the extra slack and another delayed 50m trade print since
14:20:58 0.07 50,000,000 £35.00k
It really does seem the Wongas are not holding back. Soon be done then we can start to go North
as said earlier m8, some prompt tr1's for a change and the names attached will
give more clarity as to wonga lender, don't care leaving all out, or a de risking
their 0.05 shares at these prices slightly more sticky holder looking for an even
cheaper average to freebie into the future of the company
The right names on a TR1 can multi bag a share alone :))
SHELL......!
would be nice but , in my experience when an Oil major comes into a share
boy do you know it , the £ Million/s TRADES drop in :))
Deep pockets , they threw away £1.5m just to have exclusivity on BPC Bahamas
we have 20 Billion barrels of oil for 6 months at £250k p.m - Then walked away
French Maurel Prom banged 3 trades in £1.6m , £2.2m and £2.4m, printed 3 days delayed
after close 3 days in a row at premium to available prices on the days of trades placed
you know when they arrive its very big and very loud LOL
:))
A sticky fingwe Tr 1 would be a great signal. I'm watching for a 7am RNS.
.......bob
It really does seem the Wongas are not holding back. Soon be done then we can start to go North
We all know it.!
Shouston
With the new shares issued to market tomorrow, would it be wrong to assume that by this time next week the overhang should be finished?
And price can start to rise..
I think it may rise tomorrow if not .....Friday / Monday we will be well in blue
Get your shares lads
It will double in no time ..... it’s dangerous to be out of this sone
Fact for you Sant, not a share in our position has ever moved up quickly
until the placing shifted from those looking to de-risk or get out quickly
with safe profits from cheap discounted shares
Will always move when THEY are ready to move, unless we get an equally big
buyer soaking them up quicker, once in STICKY hands, no huge dumper to hold
the rise back.......kaboooooooooom , breakout , up up and away
:))
IF our license gets recognised as what it is, per Shells development, the reserves in
the ground alone, would be worth a mega multi bagger
Same as when Petrel, written off worth billions stranded Iraqi oil fields, on the anticipation
of their possible, probable, maybe return to development roared from 1p to 33p on
the back of chancer HNW's generously (cough) paying half price 0.5p to take a stake in the
company
IF Shell or other return to JV , others already in play drilling oil and gas assets around Timor
Leste after years of zero activity, impasse, politics who owns what TL/OZ in the Timor Gap
seaway between the two countries, then watch the little gem go supersonic
Alternate we have to wait for either last years entire area TGS seismic survey 2d cubed tech
done for the new 2nd licensing round last summer for a bidders data room, to be revealed
or the results of the new as announced reprocess of the 2012 3D again by TGS which
covers a large area including the North East of our license including the Chuditch discovery
drill area
The discovery well drilled in 1998, the 3d 14 years later, if seal etc show intact etc again
we should go ballistic as no reason to suspect they have changed given the Greater
Sunrise and others nearer the regional earthquake epi-centre are ALL OK !
Think that is the only reason Boil did not get a better reception when it failed to RTO
SundaGas 2-3 years ago and just took 33% sg / indirect 25% of license
All the Shell results and data 20-30 years old, market holding back for more up to
date data and analysis of the license.