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with all the buy again today overhang must be nearly done
It’s been the same pattern every day this week drop it early morning then close the gap around 2pm to even and then drop it about 5-7% into close
yes you we see another large trade or 2 tomorrow , ya ect selling through
YA are not investors just money lenders, as ass as they can sell at profit they do until gone
@Angusscott put his house/caravan it will be blue before end of play so lets hope he is correct.
Disappointing but no bother as another 200M (194M) cleared today so 1050M already this week. Clearly another order being filled. When this stock pops it will go some. The orders won't be for less than 0.3p as we have seen. Anything below that is just PIs and ready bought into
the quicker we buy them the quicker we will start making profit
I've added more today so I'm happy. Better now than at 0.4p plus!
Prior to the placement folk we're buying with huge funding uncertainty. We now know that in the immediate term we are sorted and underpinned at 0.3p. Therefore we consider buying into this journey at £11.7M MCap with a free carry on an appraisal well with 1Bbo and anything up to 2.1Bbo with anticipated news flow as pretty justifiable lol.
I day closer to brakes off!
The brakes can come off at any given moment especialy now we have traded over a billion already this week. From the quarterly report the text confirmed that 0.3p is the new base. I think.is all quite exiting really because we must be close now. Clearly JBER are filling an order then bam
0.31/0.30 seem to kick in buying.
I am actually hoping for no news tomorrow, Fridays are always busy, last 90 mins are manic.
The higher we finish tomorrow, the bigger the rise next week.
JBER just moved up two notches. They may be close to filling their order??
I noticed that, they went from 0.31p to 0.315p now on 0.32p
So what happened? I thought it was going blue today? Tomorrow, next week?
SP wise we are at the same point exactly as of 2 weeks ago, plus we have had 2 placements.
Little movements don’t really matter that much and are just psychological because not many are selling until 2p plus, so if we would have finished 0.28p today or 0.40p it makes little difference.
Fridays are usually good and if we don’t get news I can see 3pm onwards manic, if we haven’t cleared the backlog by now then we will then.
Would be absolutely crazy to be selling now when we are on the cusp of a proper Re-rate.
Some here might have +1p as target price....even that would give you over +223% return from current price.
Even more crazy if anyone sells after we have had the 2 placements
May I just say a big thankyou for all the great information you guys put on this bb, I'm a relative newbie and have been a shareholder here for a few months and the quality and info some have here is very helpful.
Hoping for good things, cheers guys and gals
This has to turn by tomorrow....
Surely placing well priced in . Looking forward to news next week
Patience is a virtue.
If anything, by delaying the inevitable the MM's are giving more retail investors a chance to take a position.
For me they let an extra paycheque go by. Guess where I put it.
When this thing happens, and it looks like it might, nobody will be able to hold this thing down.
Hawkes bay.
Lol....like your football example.
A gusher like weald basin. Billions of barrels of oil per acre.
This has all signs of going forward to the point of a rig in place and a well spudded.
I am not aware of any show-stopping potential impediments prior to reaching target depth, at which point all bets are obviously off.
In fact, it is logical that every involved party here is highly motivated to do whatever it takes to make a hole in the bottom of the ocean.
If that happens (and it is very likely to) the share price will almost certainly go to a healthy multiple of what it is now.
(Never mind if the weird new age "social media" / populist investment platforms get involved. Those crazy /r/wallstreetbets kids can make any stock go crazy. And this stock has all the makings of a very sexy cinderella story.)
Just look at the re-rate that took place from Feb --> October 2016 due to the anticipated drilling of the Liberia well. The market is willing to revalue this company at the drop of a hat, in a big way
CawCaw is right to say "it might". Nothing is a guarantee including OPL 226. Remember, they are drilling an appraisal well on the NOA-1 discovery which was NOT flow tested in 2001. An appraisal well is crucial in determining the commercial viability of the reservoir. The success of the first appraisal well is crucial; the data that was collected from the 2001 drill (30% porosity and permeability; 1000 millidarcies) suggests that the geology is highly favorable, however they won't know for 100% sure until they punch an appraisal well. A permeability of 1000 md (1 Darcy) is extremely encouraging though, this indicates a very high quality reservoir.
' A permeability of 1000 md (1 Darcy) is extremely encouraging though, this indicates a very high quality reservoir.'
Lovely