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Sausages. Skin in the game? Gla.
Evening sausage
Hi All,
wow great volume but with small uptick in price. But hey up is still a better direction than down.
There is a holiday in OZ Wednesday next week for Australia Day but all the other days trading as usual.
Mondays' open will be interesting! Positive news is what we're after now to set a fire on this stock.
Huge volume day; 690m. Placing shares being churned, most probably some. Momentum traders jumping on board in advance of pending news, definitely when you look at the posting activity on Twitter today.
The facts - we know three milestone announcements are due anytime. Production commencement, re-fracking commencement when equipment has been sourced, GOI ratification of the GSPC acquisition.
I have gleaned today that all the groundwork to re-hook the wells to the pipeline has been completed. Final environmental permit just needed and then gas can flow.
The £14m market capital (todays closing price) value is way under enterprise value and the market is beginning to wake up to that. I’d have expected more volatility today based on the huge trading volumes however the price bounced back well after attempted shakes.
Let’s see next week if the buyers today remain patient as when those next three news announcements land I’m not convinced we’ll have the usual “sell on news” price action. This feels like a re-rate is in play and even doubling the market cap to £28m feels like short change.
Exciting days/weeks ahead.
Agree Gordon, interesting to see what next week will bro g. There’s a holiday in Oz next week also I believe? I haven’t let go of any of mine. Time will of was wise or not - atb
A wee scotch this weekend I believe - slainthe
Hard to know what to make of today. Massive volume, the most since April. Massive buying, but also massive selling. Hopefully, all will become clear next week. Gla.
....in the run up to the bell
Of course, now not until Sunday 11pm.
Oz doesn't open until 11pm our time. Gla.
Hi QS. I get it from Investing.com which is showing
657 million. If you look at the trades on this page you will see many marked unknown which can't be included in the buys and sells. Atb.
657m, ATH I believe, but obviously there’s more shares in circulation today vs last ATH.
Yes agreed. Atb.
They given up the UK one, and sold copper basin, so only one other field now.
Agreed Bmdjf. Get the strong impression that carbon capture /storage will be the main business of the company at some point. Gls.
was expecting more volume this afternoon, got to be a large part of the placing flipped today alone?
We also have carbon capture enterprise as well
Which Roland has excellent experience with
600 million traded. Gla.
guess we ill find out soon enough
GLA
Conger. You say " two other fields". West Kampar is one, what's the other? Atb.
News next week imminent
To repeat this is still massively under valued ....
For the new members Long term holder here with 50m plus shares who has banked a lot of profit with this stock of the last 2 years.
I been doing a few sums and I see 0.70 to 0.95 as sensible valuation right now, it values the company assets at £50m to £70m.
I see Cambay at around £40m conservatively, on its own now it is free with it is 100% owned even unproven, then there is existing infrastructure to add, two other fields, the good will, 2.5m in cash and intangibles .... Cambay has audited 1TCF of contingent 2P gas reserves, if they get the flow rates they have the rights on 161km sq of land there.
Also I understand GOI approval is expected any day now via company official communication saying in Nov -21 expected 3-6 months from End July 2021.
fully expecting OEX to push past this 0.2p resistance this afternoon which will then act as solid support
Passed 500 million with 3 hours to go.
Huge volume here...expecting a big afternoon push and will continue for the next few sessions...news drops and this takes off massively!
Re rating