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I just registered to dabble in shares again and this one looks good, whats the latest? Been a lot of movement.
Dont be fooled by current lows, is very hard to buy in here when this gets going. Its already been NT only a couple of times already this morning. Plenty of news due, this will test 200 ma of 70p soon enough. GL
Buyers chipping away early into the morning session, wont be long to get this fired up. Once up and running it does move fast, so heres hoping sooner rather than later.
Was expecting a morning shake, so nice to see. GL
Expecting a TR1 soon, this is massively oversold off the back of recent news and ii selling -
A key aspect is that that the failed drill was in an area where they have no booked reserves and are not currently producing. The entire 400mmboe+ reserves relate to the north east and west areas where they are producing.
We have over 100 million cash on the balance sheet, a 2 billion asset base. Take over was being discussed as an option when this was above 50p so if anything is happening on this front it will likely be above the 100p mark given these discussions were taken place due to poor sp for shareholders. A year ago this was over 200p, yes theres debt but that easily services with the level of cash we have and the money already being generated here.
Expecting this to continue to bounce and close the week between 50-70p. GL
Now there will be news about the successful launch of GTU-3 and a sharp increase in cash flow at no additional cost. And then we will fly into space. And so far they have just come down from the earth. Just a krupnyak already knows otherwise, he would not have bought with such volumes.
Exciting times to get in at this low levels
Offer likely to be 70 - 100p. Difficult to predict though. Exciting time to get in though
Looks like FPP are loading up they took 3m at 7.7p and have been buying all the way up to 19p yesterday ! someone sees value ;)
The sale announcement came in around mid 50p you can imagine any offer would be a significant premium to that level
IMO of course
I only got into this share recent. I noticed the’re some RNSs issued everyday regarding forms regarding Rule 8.3 of the Takeover Code (the "Code"). Is this company is on position for a Take over?
Another 20% tomorrow please chuck.
I think some took advantage and opened shorts here this afternoon, but probably closed again before the bell, so back to business tomorrow in an upward direction
Got any clue what tomorrow and the next week will bring?? Looks like a re-rate to me
Be in the 30’s tomorrow!! Gla
Agree there is a lot behind this sp in coming weeks...imo
I reckon a wobble to 19p on open, then within half an hour when people see it's not going to plummet it'll jump to nearer 25. Hopefully close around 30. Imo
Should be a rather interesting day tomorrow :-) might start to get some of its true value back IMO
Buys totally out weighing Sells today over 5.5 million versus just shy of 3 million so far - MM’s games on display! Imho DYOR
Make that 15k with mm’s offering me 21.88 just now.
Nice Matt, i have to much tied up elsewhere but still managed to get 12k in with a top up of 5k at 21.49. Very happy with that price. When the mm’s let this go having picked up some freebies this will move very fast indeed. GL
MM’s have had SP in a strangle hold last couple of hours - they seem to have loosened their grip. Order filled now? Imho DYOR
in here today, multiple trades. Will do very well!!
Extract from 11th October rns -
Share price performance
Nostrum notes the extreme weakness in the Company's share price and bond price. The Company is working hard to try to address this through the strategic review announced on 24 June 2019 whereby the Company has engaged Goldman Sachs to carry out a review of all strategic options available to it in order to maximise value for all stakeholders.
MM’s have been collecting all day using their usual tactics - someone is filling their boots? Imho
Crazy. Did a dummy buy at 21.99p for 40k shares on IG
Hi Adam that would be very useful. Thanks