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“ Baron investments just tweeted , obviously interested or still invested
2) #LEK agreeing a deferral with Optimum. I expect the business will update on value of cargo lift in due course and how much last reported cash balances are inflated by. Should also clarify net debt adjustment post quarterly re-scheduled payment and working cap position”
Danker , I noticed people replying to the tweet but Baron didn’t comment .. It looks like he wanted to ramp the company to sell the rest of his shares. Taking note of all the high buy/sell volumes traded in the last hour before eod , I’d like to think that he is completely out by now .
"TaffEvans
Posted in: LEK
Posts: 8,557
Price: 3.05
Warning21 Jan 2020 08:04
Do not be left holding the baby. Leave that reward to the crazy bottom feeder rampers on this chat board. This company has never ever delivered on any of its promises. Just read the RNSs if you don't believe me "
Could you be kind enough to explain why you've changed your mind in 3 days about Lek Oil from "Do not be left holding the baby" to a strong buy ? Was it to get 0.05p cheaper entry???
jeez 2.83p sell 3.11p buy
Agree
Even at those prices it is a very very good deal based on the potential.
Honestly more I think and read the more I think e day swings under over 3p are noise
At some point in the near future 2-3 months weeks this is going to have a re rate or a T/O imo
Long game for me if I was unsure would have sold up not averaged down and invested somewhere else to recoup and regain
More I read the better it gets .... just my opinion.
Agreed Danker, only purchased due to all the other assets and the oil producing Otakikpo - OML 11...not a one trick pony. OPL 310 s truly massive and essentially proven to hold millions of barrels based on the 2013 discovery...not fully appraised so potentially even bigger...just off Lagos and other companies have been eyeing it for years...certainly not made it easy for Lek but they do persevere!
Nigeria and Oil very very dirty and political! Still believe it will be snatched away from Lek but the unseen forces that want it will have to pay better price now! Take over still very possible especially at these prices...which holder would not take 100 million 18p right now even 14p (75 million)...
I obviously hadn't realised that, I'm going back to school for further education
Sorry chaps
Its a different Baron who is selling not the 1 from twitter
Two Barons , one out one in ....
Have a feeling this news will be dropping very shortly.....
OMITC likewise spent tens of hours researching and reading LEK, quite astonishing we are where we are ...
My earlier reference to
''Baron''was complete nonsense then.
I just don't understand the methodology of the dumping of shares last few days.
You would have thought when the buyers have got legs if you intend to sell shares you would expect a drip feed to obtain better prices. (rather than battering the prices down)
The sellers of the last few days were reminiscent of kama kazi pilots.
I should think so Danker, nobody should beat them selves up for buying on the back of the QIA funding RNS...I researched the company well and could see that they were trading at 20% of their NAV with out the Funding News. With the funding News they had the potential to head straight back to 20p range and more....
We all got shafted with the news on the 13th...so the choices were to sell at a 70% loss, hold or average down...I think Baron is experienced enough to not panic sell and average down until the real value is realized.
What was lost fundamentally 600k - so not even dent on the NAV...reputation, confidence and sentiment have been smashed but realistically the company has valuable cash producing assets and the market will price this in soon enough.
Baron investments just tweeted , obviously interested or still invested
2) #LEK agreeing a deferral with Optimum. I expect the business will update on value of cargo lift in due course and how much last reported cash balances are inflated by. Should also clarify net debt adjustment post quarterly re-scheduled payment and working cap position
true omitc. what a great entry price this morning for any newcomers!
KnightRider 1 - Don't forget the secondary market on NEX Exchange some decent sized buys and sell go through there as well...
Last weeks Resistance now Support...this weeks Resistance..next weeks Support? In holding pattern until news...should be an interesting week ahead should see some news on OML 11, January Lifting and any progress on the Investigation.
Based on the PRESS RELEASES from Leks partner this week would not be surprised to see form of update...financing completion due with the MOU JV partners.
Ready to move?!?! 24/01/2020 12:30 750,000 3.1 on NEX
Ahhh I see, ok cheers.
nothing at the moment! Seems like its now a waiting game....
How many are you buying, 70 ?
for £700 currently 3.3785
for £7000 currently 3.2898
figure that one out!