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Well it held today, so let's see if the buyers are in tomorrow to take us through the resistance of 0.1405p
If GOI Rns does arrive tomorrow then 0.14 should.be distant memory.
Wait goes on.
JPP no sell off for today.
So just maybe 0.14 can be broke on no Rns.
Think wrong bb
Sssssssss
Placing coming here soon back to 0.05!
Enjoy
Why?
Trades since last clear buy.
What? What on earth are you looking at?
The 5M trade was 14.50
So overall only the 2M still sold at moment on delayed
At moment just under 2M sold since last showing on delayed trades
Will it heck 馃槀
Sellers every time we get towards .14
Hopefully news shortly and all those sellers will have regrets
....will it be today?
Theeeduke '0.14 paid'
Yeah 拢100 worth.
Does make me chuckle.
The SP 'spiked' to 0.2p on release of the JV details only to fall back on (misguided) Placing concerns. GOI JV approval should see the SP easily surpass this figure, especially when the focus turns to the deal itself. There are significant gas reserves in the Cambay Field and we have the added 'bonus' of an immediate $2.5M cash injection on GOI approval. All this for an mcap of 拢14M....
路 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)
路 The joint venture unlocks the path to a full field development of the Cambay PSC with a sophisticated and experienced operator-partner
路 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
路 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
路 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.
路 Synergia will retain a 50% interest in the Cambay PSC and a 50% share of the future production and revenues.
Hope it鈥檚 something better than Nescafe!
0.14 paid
Looks as if it is close tho
I agree. The timing of GOI is hard to predict.
SYN actually has an 'asset' and a (potential) means of monitising it. Vastly different to 80% of the cr*p that trades on AIM nowadays imo. The only question (for me) is the timing of the GOI JV approval and whether the elections has an impact. SP still very cheap if GOI approval is forthcoming in the near future....
Syn actually has potential now as compared to a lot of the dross on AIM at the moment.
Should be mid 0.2's at least with approval and JV underway.
Looking good. Hope seller is finished for now.
Tick up !
Agreed ask is thin where bid is stacked, usually the sign of an upward movement inbound !