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Yes it's a bit of a joke with the amount of buys in the past couple of days .... I dont think Ed or any other punter can give us a solid reason for this .... alot of positive posts and analysis over the past couple of months from our ' learned ' friends did'nt add up .... we will have to wait and see...GLA
Ed. I would appreciate your thoughts on the trading pattern. Today in particular. Theres huge amoun of talk today on Telegram about market makers and their antics but its down 11% now and yet massive amounts of buys as far as i can see. What do you think may be going on? Thanks
At least he generate posts. only 25need to be on a hot topic board (top 5) :)
See ya .. until next time under a different name lol 😂
"Price is going down" dream on Sunshine. How's the short?
Another one for the green box (filtered), good-bye
In their latest RNS from last Thursday they said:
"We believe that early 2024 finds Corcel on the verge of a material transformation, with the groundwork for these developments having been meticulously laid over the final six months of 2023."
I doubt very much that they were referring to 70bopd, but more likely the scenario of the presentation. I'd imagine that we'll have a better idea of this material transformation as the year progresses.
Regards,
Ed.
There’s only 6m on offer then it’s nt. Reality check - that’s only 20 odd grand. Just needs a few that see the bigger picture, both wells still in play 🧐
What you waiting for? £20k volume only. no one interested. couple of gambler only. Money is going out from LSE and UK anyway.
The buys are 5 to 1 and we still go down .... ???
I wouldn't bother comparing Corcel to 88E.. More likely scenario would be for Afentra to acquire Corcels interests in Kon 11 12 and 15.
Not sure about comparing with 88e - they've achieved 70bopd light oil from small vertical perforation in an unproven zone.....possibly start of something big in development terms
Corcel hasn't achieved any flow rates......yet
Hi Bladey,
I don’t really know much about them.
Had a quick look and they seem to have lots of projects scattered around but no production?
Seems a very high market cap for the assets they hold?
As you say, if we can get some reasonable flow rates, surely the market cap will go much higher?
88E also has over 25 Billion shares in issues, (jeez), and a crazy Market Cap of £95M. Bring on successful TO14 flow rates and Corcel will hopefully have current price not even viewable in the rear view mirror! Major re-rate will be due on successful flow rates!!
Let’s hope we get a reasonable result from both wells
That is near £20 million increase in market cap for those 70 barrels!
Doesn’t seem a lot?
50% on 70 barrels per day ;)
With the majority of Jennings holding tied up in the call option agreement until at least June, then all it’s been is other exhausted holders. Bit of news and realisation that both wells are still very much in play, and we should slowly make some ground back imo
Alot of buys today .... hopefully this will move up steadily by end of week ....
Makes me wonder what might happen here if we actually get this.
I'll certainly not believe the company spin till we get something: A unicorn company? Hmm.
If they do find anything in this well, or the first one which hasn’t even been touched with testing yet.. then 8m m/c seems pretty insane. Slightly riskier than before last RNS, but still in play
Yes the buyers flocking back first thing good to see. They know it was oversold last week imo . Gla !
Hopefully Corcel can be part of Angolan oil production in 2024