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Nice. Build up for rns , volume coming in now , that’s all we need . Lovely
Going on the importance & value to Syn would say that a mid 0.20s s/p should be achievable. Maybe even slightly more.
135 paid
Next on list, is s/p to booted upwards.
0.13 Being hammered
Yep, eyes on the prize...
· Both Synergia and Selan are focussed on developing the Cambay PSC Eocene gas and gas condensate reservoir which contains independently certified 2P gas reserves of 206 BCF (as at 1 June 2022)
· The joint venture unlocks the path to a full field development of the Cambay PSC with a sophisticated and experienced operator-partner
· In exchange for the 50% interest, Synergia will be carried by Selan through an agreed US$20 million work programme ("WP") comprising 3 new wells focussed on the Eocene reservoir and 3 well work-overs
· The WP is to be completed within 18 months of the later of GoI approval of the WP or the award of contracts for the WP, extendable by a further six months in certain circumstances
· Synergia will receive a cash payment of US$2.5 million immediately following GoI Approval. The Company proposes to apply the proceeds of this cash payment towards working capital purposes.
· Synergia will retain a 50% interest in the Cambay PSC and a 50% share of the future production and revenues.
Buys flying in !
Google showing it as a 10M trade
5M+ trade @ 0.13 must be a buy.
Keeping everything crossed for this week 🙏
Bid has dropped to 0.1205p...
Sure at close bid was 1/2 point higher @ 0.125.
3 out of 1st 4 are buys. Let's hope that continues for most of day.
Will it be this week?! Fingers crossed.
Thanks Mike.
Markets open so let's see what today brings
Someone's being a silly sausage....
It's certainly building, not sure when it will pop, but I'm sure it will soon
JPP
I understand how supply and demand works, but thank you for your patronising explanation.
Back at you, I generally like the "agree to disagree" idea.. but you need to do more research into how shares work.
Sorry you're mistaken. The reason the lowest amount got the highest price is because it was latest trade. Generally that's how shares work. As more people buy, the MMs run out of stock, and the Ask/Bid are moved up in an effort to tempt sellers and put off buyers.
I generally like the "agree to disagree" idea.. but you need to do more research into how shares work.
We can agree to disagree, but the following trades show my point
23-Apr-24 16:23:01 0.1149 1,500,000 Buy* 0.11 0.115 1,724 O
23-Apr-24 16:21:02 0.114 2,801,798 Buy* 0.105 0.115 3,194 O
23-Apr-24 16:20:02 0.1139 4,700,000 Buy* 0.105 0.115 5,353 O
Within 3 minutes of each other, the largest buy got the best price, the smallest buy the worst price.
Happy to disagree, each to their own.
Larger volume trades get a discount? Sorry, what? Factually exactly the opposite. The larger the buy, the higher the price, hence the phrase "premium paid"
The reason the small trades are higher than normal is because they'll have been made using the free-to-trade apps, where there's no fee, but you get a ridiculous price.
Larger volume trades get a discount, so I wouldn't take a £1.17 buy at full ask as an indicator that full ask is being smashed.
When you get 5,000,000 share buys going through at full ask then start to get excited
3 very small trades & all on @ 0.1250