George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Hopefully that was the bottom.
Naughty games being played on several occasions we have seen the reversal of SELL trades from last week.
Sells that at the time pulled the SP DOWN, now they buy them back so nothing lost just they picked up shed loads of cheap shares due to the manufactured fall .... in any other world this would be fraud !!!
14-Nov-1814:12:4838.80349,179Buy* 34.9535.05135.48kO
07-Nov-1816:50:4338.811-349,179Buy* 34.9535.05-135.52kO
Just not sure where the bottom is... ?
gla
Don't seem any let up in oil prices falling of yet.
Very unlucky with the oil price crash
Hope you took some profits earlier m8
ATB
Wti 55.1$ a barrel. 30 cents above 52 week low oil price. Brent 64.90$ a barrel. Lost 22$ a barrel in last 6 weeks.
I think that should have said 5 mill shares @ 39
Baron said on twitter, Friday that he bought some more @ 35.50,
He must be hurting on his £5 mill, purchase @ 39, but its all relative to how much money you have,
I'm hurting on my £50 k @ average of 36.70,
Bouncing off its recent low, see if it holds ?
All I can say, is the half a million plus, share buy this morning shows strong confidence by someone with deep pockets
Its a double blow to holders when oil drops, if you consider this was being sold off throughout the oil rise ( with the exeption of a few fools rallies, the Bod really need to get their act together and give some indication of whats happening here, and if they cant then do what Pmo did when it was being shorted to oblivion an suspend trading ( ok not the ideal situation but the present price is ridiculous, something is going on here that doesn't add up.
The latest on Paus Biro 1 sounds encouraging. The original notification of the drill said " In the
event of significant hydrocarbons being discovered, up to 2 cased hole DSTs may be
conducted'. The fact they are doing three DSTs is very promising!
The recent sell off is indiscriminate and affecting all oil companies, good or bad. Ophir looks a very undervalued stock at the moment and I suspect is still suffering the Fortuna effect. We should have some news on that within six or seven weeks and with it there will be further news on current production levels (I hope). The three likeliest outcomes on Fortuna are a complete write off, a license extension, or news of financing coupled with an extension. I sincerely hope they only go for an extension if there is a real prospect of a successful outcome, otherwise this white elephant will remain a drag on the shareprice and an unwelcome distraction.
Reason for big drop this AM - £177K buy
13-Nov-1811:07:26 34.70 511,887 Buy* 34.55 34.75 177.62k O
For those on the sideline waiting for the stock to turn before buying in, I don't think you will get a chance. We will open one day on RNS of a t/o imo. Too much aggressive selling for an already vastly undervalued company.
Whoever is buying this stock now is getting it at it's lowest ever price!
Yep, unless the Santos deal is a scam, (it's not btw) and we are not now producing +25kbopd, OPHR is a SCREAMMMINNNNG BUY imo, but then it has since 40p.
Bang goes the modest rally in the SP!
BOT's back on again ..... ffs
Looks like the seller has turned the bot off for the time being and now doing all 'O' trades to try and hide their activity. Who else sells 2 and 3 shares via 'O' trades !!! No 'A' trades at all this morning for the first time weeks, very strange.
13-Nov-1809:15:14 35.816 3 Sell* 35.60 36.05 1.07 O
13-Nov-1809:11:59 35.60 2 Sell* 35.60 36.05 0.71 O
Saudi Arabia will reduce oil supply next month in response to lower demand, and more cuts could follow next year. Speaking at a conference in Abu Dhabi, Saudi energy minister Khalid Al Falih said the kingdom's oil output would fall by 500,000 barrels per day in December.
Or simply off-load Fortuna for a decent sum and the SP will fly....
Undervalued atm with close to 30kbopd and low lifting costs even without Fortuna.
https://www.ophir-energy.com/wp-content/uploads/2018/09/2018-Half-year-Results-Presentation-Final.pdf
*** Still believe we are being managed for a low-ball offer. ***
Once FID made, this will stay below 40p. Understandable as clearly risk attached with possible bad news in near future. Likewise, this will fly if finances secured Rns issued. GLA
SP was slowly dragged down bit by bit throughout the day by our resident BOT. Even on a day when Energy Commodities are all blue. Go figure !!!