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Good to see this moving. If Venus-1 is the reason don't forget to look at ECO, which is the second largest acreage holder offshore Namibia after Exxon. It's four licenses surround Exxon's acreage and the area predicted to have best chance of effective Kudu shale source rock.
http://www.alignresearch.co.uk/eco-atlantic-oil-gas/eco-atlantic-oil-gas-now-holding-the-second-largest-footprint-in-hot-offshore-namibia-after-exxonmobil/
Another 6x 500k buys so far this morning...nice.
When are we due an update? I have lost track of things here.
500k buyer gone a mad buying spree
1.50 is still only 12 mill mcap for 3 billion barrels we get a jv amd this is a 10 bag minimum 40 mill mcap.
the drill hits its jackpot time imo
Very nice start this morning...if the 500k buyer gets going again today then this will get into the 60's easy.
TR1 incoming??? Presentation must have been received well...
Interesting with the 500k loader taking more today very early on the open
Broker target 3.40
Global with just 25% free float
Large sellers cleared out
Just look at the upside
WOW
Going to see a few left behind on this rise
Trading at a discount to NAV: Global is trading at a substantial discount to both peers and RENAV, despite the scale of resources in the portfolio. We would expect to see the discount unwinding on securing a farm-in partner and/or drilling success in Namibia. We believe that the current price offers a good entry point to those seeking huge exploration upside in the virgin basins of Namibia. We initiate coverage with a BUY recommendation and 3.4p target price.
Venus well drill ship on site in few days
BOOM GBP
https://www.marinetraffic.com/en/ais/details/ships/shipid:733423/mmsi:566936000/imo:9633575/vessel:MAERSK%20VOYAGER
Thats a nice opening
Finish on the risers board today
thats why where here to get multibags by gambling our money after doing full research
The risk of penny stocks, work it out
Finally we look like we have cleared the large sellers.
Perfect time just as the Venus well drill ship gets close to the destination
2.50p target prediction will still only be £20m mcap and is still well below the broker target
400% potential from now to during drilling of Venus well and any farm in news on Global block could be a potential game changer to 5p
Oil plays always get in early for the 5s 10s and 20 folds potential
What happens to the sp is the question I want answered? If no oil is found is the company finished? Because I don’t see what else is available
My understanding is that Monecor Ltd is a spread betting company.
As a fellow EUA’r you probably recall some of the institutes and private investors exercising warrants after we ballooned from being suspended back in 2019.
As always, dyor and all the best
JSP this solely my view, a lenders primary objective is ensuring they get their money back (with profit or interest if possible).
Monecor (joint broken but acted as sole broker) have two reasons to sell out:
1. GBP raised £1m by placing 200 million shares at .5p, anything Monecor sell above this price is marginal profit. Most of the large trades have been sold out into the spikes all the way upto .65. Would explain why we keep falling back to .5 and hardly below. Even if Monecor break even they have gained because of the point below.
2. The cherry on the cake for Monecor is that they can excercise 100m warrants within 2 years at a price of 1p each. That means should things take off and venus or pel39 gushes oil, we modestly 10 bag (5pps), they can instantly convert £1m and it’ll be worth £5m at the current market value. I’ll let you do the maths if our PPS is hypothetically higher.
Who knows, II's have strategies they stick to may feel over exposed in this sector. I believe Monecor areselling down other positions too.
The good thing is they sold 30 million to Dubai's Imperial brand last month and with some large rounded sells since then I don't think they'll have too many left.
why would "they" be selling if it's going up to 1.5p?
I'm not convinced seller fully done yet, expecting to see a few delayed sells pop up this week.
Don't think they'll have too many left though and good to see it rising today.
Haven’t seen the regular rounded off sells for a few days
How do you know seller cleared?