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Far more buys than sells at PVR. Anyway, I'd rather people were bailing here now than after the permit and cash RNSs.
Let loose hands out but yes, it is difficult to acquire in any size due to lack of free float.
Think permit is a foregone conclusion now just pending the signature of the minister which should be expected very shortly.
Funding also around the corner, Barryroe is about to be exploited via a huge campaign. LOGP has low daily overheads and fully carried for the campaign, also recently funded by major holders by way of loan.
Think only 30% of the shares are available, once funds clear and permit lands I fully expect this to be higher then 4p, We know its all coming now,
people need to have a read of the expected upside on drilling. Many multiples of where the proven reserves are at the moment.
They will be when this soars through 10p. $5/BOE for what they've already discovered is about 20p/share. 5-7 well drilling campaign could unlock serious upside beyond that. If they try and buy back they will find it all but impossible to build a decent holding. Best to be right and sit tight with this one. Expecting huge profits.
Profit is the game, well done mate
exactly... now crying into their cornflakes.
I guess you can't blame anyone for crystallizing a profit but with money 99% likely to clear this week and minister approval surely shortly after you know this will be punching past 3p shortly.
Wait till permit and payment news hits. This will rocket. CNOOC's permit arrived 10 days after the initial judgement, but those 10 days straddled 2 weekends so it was actually only 5/6 business days. I suspect we will get ours granted by next Monday or Tuesday. Very good chance we will see a combined site survey permit issued and APEC funds received RNS. Clearly time to back up the truck on all dips. GLALTH
I can only say, there were people selling their JOG shares this time yesterday.
Yes I forgot that Urraca…. even harder to get hold of these
30% up and flying!
There are 665m shares in issue, but the actual free float is miniscule.
And with only 665m shares in issue they will become very sparse indeed
With a positive appropriate assessment determination the permit is essentially in the bag. And would DCCAE have issued it if they had doubts about the funding to take this project forward? Doubtful. So anyone selling now would be bailing before two practically nailed on transformational bits of news. Crazy.
Buys 10-1 over sells…. something big very close
With combined permit and cash arrival news could see quite a jump by Friday... 3+ must surely be on the cards.
https://www.dccae.gov.ie/en-ie/natural-resources/consultations/Pages/Application-for-consent-for-a-site-survey-at-Barryroe,-North-Celtic-Sea,-South-West-Coast-Ireland-proposed-by-Exola-DAC-wh.aspx
Permit news last night
https://www.dccae.gov.ie/en-ie/natural-resources/consultations/Pages/Application-for-consent-for-a-site-survey-at-Barryroe,-North-Celtic-Sea,-South-West-Coast,-Ireland-proposed-by-Exola-DAC-wh.aspx
Something is definitely happening this morning. 15% up in 15 minutes.
....... News must be close!!
Completely misread what you said. Thought you said 10p on permit! Potential for 10p on drill.
That's too much to be talking about now. Just a wild number. Wait until we are close to actually drilling the wells then we can revisit that number. But not on permit/money news. Should atleast be pushing 3p, hopefully then move to 5p.
CNOOC's permit arrived 10 days after their appropriate assessment determination. I'm hoping this will be quicker. I also think DCCAE now know the mney is on the way, so they will not embarrass themselves by issuing this.
This will and should be 4p plus on permit news, like I keep saying not many shares are available so on drilling I'm expecting 10p anyone think that's too much