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SP is ridiculously undervalued.
The company needs to boost its PR strategy, as I believe the recent news hasn't been fully communicated across platforms, especially to large institutional investors.
We were trading around 6.5p-7p before the bombshell news last month, and we've cleared the blockage, sorted out the BONDs, and also our initial flow estimate has been absolutely smashed.
We should be double the current SP. I see immense upside here, and once this gets moving, it'll get going super SUPER quick, as people begin to realise what we have here.
It's a case of BUY and HOLD - in a year, we'll definitely be in double-digits. Patience is required here.
I suspect that alot of the traders who bought in at the significant drop at 4p, have sold out yesterday / this morning into the fantastic news.
We should hopefully see a sustained increase in SP and re-rate.
This was hovering around 6.5-7p before the bombshell RNS that there's a blockage, and saw it plummet to 4p.
They've announced yesterday that flow rates are HIGHER than what they had expected, blockage has been cleared (earlier than expected)! I have no idea why we are not trading above 7p.
If yesterdays RNS had landed first, we'd have sprung towards 10p, as we were already trading around the 6.5-7p mark, so the RNS would have been a fantastic catalyst.
I feel that we are still heavily undervalued here, and a couple more positive RNSs will help get this stock back towards 10p.
Quite disappointing to see this dwindle below 4p again, especially after the BONDS issue has been temporarily resolved.
It spiked at 4.5p to sell on that news, and I expected us to be around 5-6p, but it's rubbish seeing this below 4p.
Flow news expected by the end of next week on H2.
Let's get the party started here!
Back on the upwards trend towards 10p!!!
This has been heavily oversold last week, and it was disappointing to see so many new derampers cropping up and being extremely negative here.
We should climb back to 5p this week. I re-read the RNS over the weekend, and it's not as negative as people have made it out. There is "evidence" that there is a mechanical blockage - once this blockage is removed, hey presto, we're firing on all cylinders again!
Need to stick with facts here.
“The current gross unconstrained H1 production rate is
approximately 15.5 mmscf/d”
“The well has flowed at a maximum dry gas rate of 22.8 mmscf/d and 280-336 bbl/d condensate at the export pipeline pressure of 1250psi, with no formation water observed. This is an improvement on current H1 rate, but below the expected initial H2 gas rate of 30-40 mmscf/d”
So we are much better than H1, but not as good as we had hoped due to blockage.
Once blockage removed, hey presto - we’re firing on all cylinders!!!
For those who are deramping this and have appeared here from hibernation, can you kindly shed some light WHY this is very disappointing and would drop hard?
Granted that the RNS isn’t “excellent” update per expectations of flow rates etc, but it’s not a complete dud. Infact, it’ll go live into production and turn off H1.
Once the blockage is investigated and removed, we will be all guns blazing. If anything, there is upside here and very low downside.
A buying opportunity if it drops hard today - I think it will drop this morning at open, as idiots who haven’t a clue either sell or encourage others to sell.
Amazing how members just crop up whenever there’s some sniff of negative news.
Morning all.
I consider this mornings RNS as GOOD news. It’s not EXCELLENT, due to flow rates being lower.
But it’s definitely not BAD news.
There you are , good old reramper same old, same theme - negativity whenever the price drops!
Told you before - don't be so negative - it's not good for your own mental health, nor your family!
A lovely start to Friday….tucked up to 6.6p to sell and 6.8p to buy.
They want these shares. Stock will be very limited once the good news lands and people will be paying a premium for this.
I can see us touching 7.1p again today and holding somewhere around 7p into the weekend, in anticipation of news next week.
6.5p seems to be the new foundation here and it’s nice that we have consolidated well here.
There’s a lot of activity at Blythe at the moment.
If it was bad news, we would have been notified by now.
I was re-reading the RNS from 15th May, and it does indicate that we will be producing by Q2, which is a month away (max).
That’s a buy from someone who knows something.
Quite a lot of new negative posters have cropped up here today….they’ll disappear soon once the RNS lands with good news.
It all comes down to peoples risk appetite and what entry point they had.
A lot of current holders will be happy at the current price having made a profit, and slicing a bit of their portfolio here.
Newbies will be waiting on the sidelines hoping for the price to drop, as it’s gone up massively in the past couple of weeks since the announcement.
We can definitely expect an update on Tuesday or some point next week.
Enlighten us
Apologies boom.boom, you’re right - this was indeed 40p in August 2022.
Expecting heavy demand today as we have a three-day weekend and highly likely that news will land on Tuesday.
We are almost hitting 7p and much more news to follow.
It’s great to see positivity here. The derampers negative folk probably sitting on the sidelines trying their best to bring this down.
This stock has been at 40p a few years ago and we are literally sitting on a significant discovery.
I have downloaded the vessel app and been trying to track but I’m not as clued up with that, as some of the other pro’s on here.
Good luck all!
Hold the line - stay loyal here!
Impatient people panic kicking in. Once news lands, won’t be able to buy at these levels.
Think you’re gonna be right.
6.5p support is holding strong but far too many sells - people impatient here.
6.55p on the ask which is cheap in my opinion.
I’m fully loaded here and holding tight.
News is imminent and then the new base will be upwards of 7p plus…we move towards double digits in the coming weeks.
Hi Deltalo - can you tell me where I can locate the ship information such as where it is please?
We are in Great Yarmouth this weekend, so would be very interesting if I saw it there - exciting!