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Good to see a few decent buys this morning after yesterday's rise from recent lows. Just a case of waiting for GOI sign off to really see the SP motor.....
Would seriously hope that Syn is properly closing in now on approval & follow up payment.
All enjoy w/end
Nice sized buys and a steady stream. Let's see if things build tomorrow
Next week is new tax year too so more money might be flowing.
It has definitely been much more difficult to buy yesterday and today as compared to usually... Usually very easy to buy £5k. Something does seem to be happening. Leaks are not uncommon.
Feels like something is heading our way, nice stream of buys coming through. Up 8% building on yesterdays blue finish.
Indian election starts soon, I'm sticking by the fact Modi will put a political spin on it when it's approved so sonner the better for him.
At start of morning s/p was no more then 2 points above before the 50%+ rise that happened couple or so weeks of JV.
So nothing that has come about in 2024 & is still due.
Has not been factored into s/p.
So if we do get a rise into low/mid teens then would think that would be about right before approval & payment of $2.5M.
I agree. I picked some up this week too.
The MMs were virtually giving the shares away yesterday sub 0.97p and they still look great value today. Excellent risk versus reward investment/trade imo (and why I have been buying this week!)
Interesting tick up. You never know. Maybe it will come sooner than we think.
Well, I'm focussing on the deal rather than the GOI approval timescale (which will happen when it happens!). What's not to like? Just need a bit of patience which is in short supply on AIM lol
RNS: · 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.
I really hope it is faster too Gordon but I'm trying to be realistic and if it comes earlier, it will be a pleasant surprise. I wonder how much of an impact it will have on the sp because it cannot be priced in at this level.
In short 🥕, FOMO will get you as it did ZagEgypt
Time & timing ( some say Atoms and Energy ) is the essence of everything 🥕. IMHO, you can shorten time for your re-entry of 0.07 by your actions & there is the element of totally missing out: timing
Time will tell borlsac ⚽️💰
I really hope not Ssccss. 4 months when Roland said a matter of weeks would be ridiculous even given the company's track record of delays.
One would expect that 🥕 joined 🐄 & 🦊 to short syn to his 0.07. Instead of cheap talk. Actions carry more weight than words, and what we do ultimately defines us. So, let your actions align with your intentions, and remember that deeds speak louder than mere speech. 🩳🩲
So it will probably be August/September lol
I'm hoping for 4 months maximum, which takes us to June...
Just another 46 to go.
And counting.